How often must property managers provide a financial report to the property owner?

Property managers are typically required to provide financial reports to property owners on a monthly basis. This frequent reporting allows the owners to receive regular updates about their property's financial performance, including income, expenses, and any maintenance issues. Monthly reports facilitate better communication and enable property owners to make informed decisions regarding their investments.

While some properties might have different arrangements based on the owner's preferences or the property's specific needs, the standard practice in Arizona property management is to ensure that owners are kept informed through these monthly financial updates. This practice helps to establish transparency and accountability between property managers and owners.