By Varun Agarwal, co-founder of PropRetire · Published 4 Nov 2026 · Updated 12 Nov 2026 · 1 min read

Your property manager's end of financial year statement, line by line

Your property manager's EOFY statement sums up the year the agent ran your rental, from 1 July to 30 June. It usually arrives in July.

Here is each line in turn, what it records and where its own document is. What each line means for your tax is a question for your accountant.

The rent the agent collected in the year. It can differ from the lease's rent for a year, as a week vacant or a payment late shifts it.

The lease shows the rent agreed, and the bond lodgement shows the bond held.

What the agent kept for itself, such as its management fee, a letting fee for a new tenant, advertising and any statement fee.

The management agreement sets each fee, so it is the document behind these lines.

The jobs the agent arranged and paid from the rent. The statement gives a line and an amount, often with the tradesperson's name.

The tradesperson's own invoice says what was done. It is the document that answers what a job was.

Council rates, water, strata levies or insurance, where the agent paid them from the rent. A bill you paid yourself is not on it.

Each bill's own notice shows the period it covers, which can run across 30 June when the statement shows only the payment date.

The yearly statement gives totals. The twelve monthly ones give the dates, which show when each payment came and went.

The ATO's page on records for rental properties says "You need to keep records for 5 years."

Drop the statement into PropRetire's Bring in. It drafts the rent and costs it reads.

The property records checklist and what is left of the rent after costs go further.