WHAT YOUR STATEMENT INCLUDES
What you’ll find each month
Your statement opens with a financial summary that includes an initial balance. A positive balance means money is due to you. A negative balance means money is owed to Avari. Below that summary, you will see:
Rental income
Management fees
Maintenance, repairs, and housekeeping charges
Any credits or refunds issued
Working capital held (reserve balance)
Proceeds: the amount you will receive after subtracting expenses and reserve from net rental income
TIMING AND PAYMENTS
When to expect your statement and payment
Here is how the timing works:
- Your statement posts and your payment is released by the 8th of each month.
- ACH payments are released on the same date as your statement. You should receive your payment within five business days. If you do not receive it within that window, please reach out so we can look into it.
- Check payments are mailed the week of statement release. If you do not have ACH information on file, you will receive a check for the current pay period. You can update your payment preferences in your owner portal at any time to switch to direct deposit going forward.
WORKING CAPITAL
What is the working capital (reserve balance)?
Your working capital, typically $500 or more, is a set of funds held in your Avari account to cover any unexpected expenses such as emergency repairs. Having a reserve in place means we can act quickly and address issues without delays.
We will always contact you before applying any charge of $500 or more.
CO-OWNED HOMES
What if you co-own your home?
If your home is co-owned, your statement will include a line showing what all other owners earned that month based on your respective ownership percentages.
IF SOMETHING DOES NOT LOOK RIGHT
Flag it. We will make it right.
Your local property manager is your first point of contact for any questions about your statement. They are backed by an area director, regional director, and associate property manager who are also available if needed.
Our local teams know your home best and can walk through anything with you. We would rather hear from you than have you sit with a question or a concern.
Questions about your statement?
Your local team is your first point of contact. Find their contact information in our directory.
