What an Owner Statement Should Include for a Mobile Home Park

Investor-owners read owner statements with one question in mind: did my park make me money this month, and is it likely to next month? A statement that answers that in 30 seconds keeps relationships smooth. A statement that buries it in 12 pages of GL detail starts producing midnight emails. Here's the format that scales.

Page one: the summary

Top of page one: NOI, NOI vs. budget, and physical/economic occupancy. Three numbers, one chart trending the last 12 months. That's the answer to the question they came to read.

Below that: a four-line P&L summary — revenue, operating expenses, debt service, distributable cash. With variance vs. budget. If there's nothing to discuss, the statement ends here.

Page two: income detail

Lot rent collected, home rent collected, utility billbacks, late fees, other income. Show billed and collected separately so the owner can see the collection performance, not just the cash deposit.

Page three: expense detail

Operating expenses by category, with year-to-date and budget comparisons. Capex separately — and prominently. The single most common owner-side complaint is that capex got mixed in with operating, making the NOI look worse than it was.

The four things most managers leave out

These are the additions that turn a statement from adequate into the one investors actually share with their CPAs.

• Trended occupancy
  A 12-month chart, not just current month. Investors want trajectory, not a snapshot.
• Delinquency aging
  A simple 0–30 / 31–60 / 61–90 / 90+ table. Tells them collection health at a glance.
• Open work orders by age
  Tells them the operations side, not just the financials.
• Capex pipeline
  What's coming in the next 90 days. Avoids the surprise capital call conversation.