Transfer Summaries follow a format similar to a statement. These are generated and provided to Investors on the day they have funds transferred from their Ailo portfolio wallet to their own bank account (either as the result of a manual transfer, or after an auto transfer has taken place).
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Summary header
The header of each summary also provides an overview of activity across the Investor’s portfolio within the timeframe defined - Income, expenses and transfers to Investors, with the portfolio wallet opening & closing balances.
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Each property under management in the Investor’s portfolio will be listed separately, showing:
- Renter name, rent schedule (amount and frequency), plus effective rent paid-to date for each.
- All income transactions and adjustments to the income (rent payments, bills that are covered by the Renter and rent credits and adjustments).
- All expenses (e.g. bills and management fees), including expenses paid outside of rental income (such as bills paid via credit card, direct debit or bank account via Ailo). These amounts are GST inclusive and the GST portion is shown.
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Other transactions
- Contributions - Credit card bill payments the Investor has made.
- Administration fees (fees that may not be specific to any individual property).
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Transfers to investors
Shows disbursements made to nominated bank account/s - includes the last four digits of the bank account. Separates payment details if more than one investor is paid during the month.
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Download bills and invoices
A link to copies of invoices paid through Ailo during the month
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