What should a periodic property-management report contain?

A useful report compares budget and actual spend, shows balances and arrears, open and closed tasks, completed servicing and checks, contract expiry and decisions awaiting the owners’ committee.

The objective is action, not length: important items need an amount, owner, due date or requested decision. Personal information should only be shown to authorised recipients and only as necessary.

Professional management creates continuity: open the task, assign responsibility, keep evidence, follow the supplier and update residents until closure. In a new building, that same record also protects warranties and claims against the contractor.