Non-rental income amounts to any earnings made by the property owner/manager other than the rent paid by the tenant. These could be, for example, overnight parking fees or fees for a guest staying over. It is a form of payment established with the tenant.
Once we see the owner statement, we can see that non-rental income is included. However, they come under a different name, which is ‘Reimbursable Revenue’. This falls under the ‘Revenue’ category, and it is payable to the owner.
For more information on owner reports, go to: https://support.mipropertyportal.com/knowledgebase/explanation-of-owner-disbursement-report/
Leave A Comment
You must be logged in to post a comment.