ZipRecruiter.com reports that, as of January 4, 2025, Utah landlords make an average annual pay of $79,457. However, landlords in St. George earn even more: an average of $82,350 annually!
Generating that much (or even more) should be one of your top priorities as a St. George landlord yourself. One way to achieve this goal is to ensure you learn more about owner disbursements and their effective management.
PMI St. George's property management experts have shared facts and insights about owner disbursements in this guide, so please read on.
1. Owner Disbursements Come In Many Types
Owner disbursements refer to landlord payments made and received for operating rental properties. Some of the most common types include:
- Operating expenses
- Rental income
- Rental profits
Operating Expenses
Operating expenses are the costs incurred by property owners as part of their rental operations and management. According to Investopedia, operating expenses can range from 35% to 80% of the gross operating income for a new rental property.
The costs of marketing your property and screening tenants are examples of rental operating expenses. So are the fees you pay your property manager and your property and income taxes. Also belonging to this category are the bills you rack up as part of your property maintenance responsibilities.
Rental Income
Rental income is the total amount tenants pay landlords to rent the property. However, it doesn't reflect landlords' actual take-home earnings.
Monthly rental charges and additional rent for leasing to tenants with pets are examples of rental income.
Rental Profits
Rental profits refer to the actual pay landlords "take home." They are the amount left over after deducting operating expenses from the rental income.
2. You Need Accurate Records of Real Estate Disbursements
Considering you'll make and receive many payments for different reasons, you must stay on top of them all by:
- Maintaining accurate accounting records
- Organizing records of disbursements based on type
- Keeping copies of bills, statements, and receipts
With accurate accounting and record-keeping, you can ensure fast and efficient rental income distribution and owner profit allocation. If you have multiple properties, these practices can also help you identify rentals that generate profits from those that are only breaking even or experiencing losses. By staying on top of these figures, you can determine if you need landlord rescue with professional, effective, and innovative property management solutions.
3. PMI St. George Can Help
PMI St. George is a premier provider of full-service rental management in St. George, UT. As part of our comprehensive services, we provide accurate accounting and financial reporting. We'll handle your owner disbursements and send you monthly copies of owner statements and reports.
Let PMI St. George Simplify Managing Your Rental
Now that you know more about owner disbursements and how to manage them, it's time to consider exploring PMI St. George's full-service property management solutions. With our expert services and professional guidance, we can simplify your property's financial and overall management.
Our team comprises highly experienced and knowledgeable real estate and property management professionals. Our owner and broker, LeAnn Walters, brings nearly 20 years of expertise as a real estate agent to our firm. She also has significant experience in business and construction.
Drop us a line today to request your complimentary rental analysis!
