Going through a property’s monthly reports might not be the most glamorous syndication related activity, but it is incredibly important. You need to inspect each report with a fine-tooth comb to ensure that all of the numbers are correct. Today, Kyle Mitchell, co-host of this show, is in the hot seat, answering questions about monthly reporting. In this episode, Kyle talks about the new company he and Gary are launching and what they’ll be working on. He then takes us through his process of reviewing monthly reports, highlighting some of the common areas where he sees mistakes. From double changes to accidental fees, it’s easy for property management companies with a large clientele to make mistakes. Kyle stresses the importance of going into the ledger rather than looking at the summary report. Along with this, we also talk about tax expensing in your budget, being a signer on your bank account, and more. Be sure to tune in today!

Key Points From This Episode:

  • Learn more about Kyle and the new project he’s going to be launching with Gary.
  • Find out more about the process of reviewing the monthly reporting of a property.
  • Three of the most common mistakes Kyle typically sees with monthly reporting.
  • Why it’s important to go into the ledger and not only look at the summary report.
  • Two monthly report expenses sponsors typically forget when underwriting a property. 
  • Banking and property ownership: Who has access and types of accounts.
  • Kyle’s asset management superpower and where you can find him.


“As asset managers, you got to dig in a little bit deeper and peel back the onion a bit.” — Kyle Mitchell [0:02:38]

“It’s important to really dig into these reports and take a look.” — Kyle Mitchell [0:04:41]

“I just love the details. The devil is in the details.” — Kyle Mitchell [0:14:43]

Links Mentioned in Today’s Episode:

Kyle Mitchell

APT Capital Group

APT Capital Group - YouTube Channel

Passive Income Through Multifamily Real Estate Facebook Group 

Free Call with Kyle or Lalita

redIQGarzella Group

Terms and Conditions

None of the information provided should not be seen as tax or legal advice or services, please consult a licensed professional.

No Offer of Securities—Disclosure of Interests

Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any investment. Any such offer or solicitation will be made only by means of the Confidential Private Offering Memorandum relating to the particular investment. Access to information about the investments are limited to investors who either qualify as accredited investors within the meaning of the Securities Act of 1933, as amended, or those investors who generally are sophisticated in financial matters, such that they are capable of evaluating the merits and risks of prospective investments.

Sign up for our newsletter and get your FREE Passive Investors Guide!