Welcome to the Wheelbarrow Profits Podcast, Rand Partners Edition.

What's up, everyone? This is Dylan Marma, bringing to you the Rand Partners podcast.

I'm joined by my co-host today, Taravella how you doing today Mike no just

living the dream making it happen Dylan love it always making it happen so it's one of

our favorite times of the year it's the end of quarter three this week we're busy

going through our wrap-up routine tying up any loose ends after the end of third quarter

and getting ready for our investors'

favorite time of the year, which is distributions.

Today we're going to share with you the investor reporting best practices that we have in place.

We're going to walk you through what goes into investor reports, what we've seen becoming more industry standard across the board, talk about

monthly reports, quarterly reports. So Mike, as our asset manager, you played a very large role

in investor reporting. I know you do a lot to Crafter reports and respond to the investor communications.

You have a good pulse on what the investors want to see. So why don't you share with us a little bit

about what goes in to the investor reports?

Absolutely.

So first step in getting the investor reports is generating the financials that everyone has.

So we first confirm with our accounting that the period is closed and the numbers are finalized.

Once that's complete, we review to make sure the numbers are properly recorded.

For example, we confirm if repair maintenance is truly repair maintenance or it is a

capitalized expense. This is a very common dialogue we have with our property managers and our

accounting team to make sure everything is getting accounted for properly because if something

is out of order, it affects the net operating income,

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