Mynd Property Management

Creating Happy Homes and Healthy Investments

Why is “Previous Owner Distribution” reflected under the Money Out section?

The Earnings Reports have cash cut-off dates that end a few business days before the actual distributions. This allows time for rent payments to clear and process before distributions are made. Since the next report will start as of a date a few of business days before the previous distribution, it is represented in the report so that it is congruent with the general ledger. Please note that the Previous Owner Distribution is offset since it will also be included in the cash balance at the top of the Earnings Report so that there is no change to the cash flow.