Protect rent, deposits and operating reserves with separated accounts and evidence-led reporting.
A dashboard is not a bank reconciliation
The management agreement should identify where guest receipts, tenant deposits and owner reserves are held, whose name is on each account and who can approve payments. Avoid mixing owner funds with the manager's operating cash.
Require a monthly opening balance, receipts, itemised payments, fees, refunds, transfers and closing balance matched to bank evidence. Set approval limits, supporting-document rules, related-party disclosure and a prompt handover process when management ends.
Use the management KPI guide, security-deposit guide, operating reserve guide and management service.
Next step
Phuket Stay Pro can set up transparent owner reporting and controlled payment approvals.
Fact check
Banking, accounting, tax, deposit and licensing duties depend on the operating model and current rules. Obtain transaction-specific accounting and legal advice.
Need a pre-purchase check?
Phuket Stay Pro helps buyers compare areas, shortlist suitable properties, verify developers, and prepare the right legal questions before a deposit or contract signing.
Related Articles
All articlesBuying a Phuket Villa with a Sauna: Check the Ownership Commitment
Check installed equipment, servicing and operating responsibilities before valuing a private sauna.
Pantries in Phuket Villas: Test Storage Against Your Shopping Routine
Check how a pantry handles deliveries, everyday food storage and kitchen work.
Buying a Phuket Home for Cycling: Check Bicycle Storage and Access
Test the route from the road to secure, usable bicycle storage before choosing a home.