Edit, Download, and Sign the East West Bank Property Operating History Form
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How do I fill this out?
Filling out this form requires accurate and complete information. Begin by listing all income sources and any associated expenses. Be sure to provide comments on any mid-year vacancies, rent concessions, or large expenses.
How to fill out the East West Bank Property Operating History Form?
1
List all sources of income and their amounts.
2
Deduct any vacancies, bad debts, or concessions.
3
Document all expenses related to the property.
4
Add details of any replacement reserves.
5
Sign and date the form to certify its accuracy.
Who needs the East West Bank Property Operating History Form?
1
Real estate investors who need to track property performance.
2
Property managers handling rental units and their financials.
3
Borrowers seeking loans from East West Bank.
4
Accountants and financial advisors managing real estate portfolios.
5
Tenants or residents looking to understand the financial operations of their property.
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5
Download or share the completed form.
What are the instructions for submitting this form?
Submit this form along with any required attachments via email to: support@eastwestbank.com, fax to: 123-456-7890, or mail to: East West Bank, 135 N. Los Robles Ave, 7th Floor, Pasadena, CA 91101. Ensure all fields are completed accurately and attach any necessary documents. For any questions, contact your loan officer or East West Bank support. Advice: Always keep a copy of the submitted form for your records and follow up to confirm receipt.
What are the important dates for this form in 2024 and 2025?
No specific dates are provided for this form. Ensure you maintain up-to-date records throughout the year.
What is the purpose of this form?
The purpose of this form is to document the operating history of a property for East West Bank. Property owners and managers need to fill out this form accurately to reflect their property's financial performance. This information is crucial for loan processing, financial auditing, and overall management of real estate assets.
Tell me about this form and its components and fields line-by-line.
- 1. Gross Rental Income Collected: Total amount of rental income collected.
- 2. Laundry Income: Income generated from laundry services.
- 3. Garage/Parking Income: Income from garage or parking fees.
- 4. Other Income: Any additional income not specified.
- 5. Less Vacancy: Deductions for vacant periods.
- 6. Less Bad Debt: Deductions for uncollected rent.
- 7. Less Concessions: Deductions for rent concessions.
- 8. Total Income Collected: Sum of all income after deductions.
- 9. Taxes: Property taxes paid.
- 10. License/Accounting/Legal & Audit: Expenses for licenses, accounting, legal, and audit services.
- 11. Insurance: Cost of property insurance.
- 12. Gas: Gas utility expenses.
- 13. Electricity: Electricity utility expenses.
- 14. Water & Sewer: Water and sewer utility expenses.
- 15. Rubbish/Trash: Expenses for rubbish and trash services.
- 16. Security: Cost of security services.
- 17. Gardener: Expenses for gardening services.
- 18. Pest Control: Costs for pest control services.
- 19. Resident Manager: Salary or compensation for the resident manager.
- 20. Office Management: Costs related to office management, including leasing expenses.
- 21. Supplies: Expenses for supplies.
- 22. Pool Service: Costs for pool maintenance services.
- 23. Elevator: Expenses for elevator maintenance.
- 24. Cleaning Expense: Costs for cleaning services.
- 25. Advertising: Expenses related to advertising.
- 26. Telephone: Telephone service expenses.
- 27. Building Maint. & Repair: Maintenance and repair costs for the building.
- 28. Painting & Decorating: Expenses for painting and decorating.
- 29. Other: Any other expenses not specified.
- 30. Rent Control: Details related to rent control.
- 31. Total Expenses: Sum of all expenses.
- 32. Appliances: Replacement reserves for appliances.
- 33. Drapes: Replacement reserves for drapes.
- 34. Heating/AC: Replacement reserves for heating/air conditioning.
- 35. Furniture: Replacement reserves for furniture.
- 36. Roof: Replacement reserves for roof maintenance.
- 37. Other: Replacement reserves for any other specified items.
- 38. Total Replacement Reserves: Sum of all replacement reserves.
- 39. Comments: Space for comments on mid-year vacancies, rent concessions, large expenses, etc.
What happens if I fail to submit this form?
Failing to submit this form can result in delayed loan processing and possible financial discrepancies.
- Loan Processing Delay: Delays in providing complete information can slow down loan approval.
- Financial Discrepancies: Incomplete or missing data may lead to financial misreporting.
How do I know when to use this form?
- 1. Loan Applications: Required for loan applications with East West Bank.
- 2. Financial Audits: Essential for financial auditing and reporting.
- 3. Property Management: Used for managing and evaluating property performance.
- 4. Tax Reporting: Helpful for tax reporting and filing.
- 5. Investor Reports: Utilized in reporting to real estate investors.
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