Owner Statements on Time: Commissions and Payouts with Mirsad
· Cortex Solutions
How much did my building earn? Mirsad by Cortex brings leases, collection, commissions and owner statements into one system so property offices answer owners fast.
At the end of the month, the owner calls the property management office with a simple question: how much did my building bring in this month? Who paid and who is late? How much was deducted for commission and maintenance? And how much will I receive? A simple question, but in many offices answering it means hours of digging through scattered Excel files, checking paper receipts, and WhatsApp chats with the accountant and the technician.
The more owners and properties an office manages, the more this recurring question becomes a monthly burden that eats the team's time and threatens the most valuable thing a property management office has: the owner's trust.
Why are owner statements late?
In most offices the problem is not the numbers themselves, but how scattered they are:
- Leases in one file, payment schedules in another, and collections in a notebook or a third file.
- The management commission is calculated by hand for each owner, sometimes with different rates or terms depending on the management contract.
- Maintenance costs arrive through calls and messages and are not always linked to the right property.
- Every statement is prepared from scratch, so it is late and may carry an error that needs correcting and an apology.
The result: an owner who waits, an exhausted employee, and an office that looks less professional than it really is.
The solution: let the statement come from the daily data itself
The better way is for the owner statement not to be a separate task prepared at month end, but a natural result of the office's daily work. If the lease is recorded once, the payment schedule is built from it, every collection is recorded with a receipt, and every maintenance request is logged against its property, then the statement is practically ready at any moment.
This is exactly what Mirsad by Cortex was designed for.
Mirsad: your property portfolio in one system
Mirsad is a cloud property-management platform built for the Saudi market, aimed at property-management offices, owners and real-estate companies. Its promise is clear: your property portfolio in one system instead of ten spreadsheets. The platform covers the whole workflow: properties and units, leases and payment schedules, collection, owners and commissions, maintenance, and a tenant portal.
How Mirsad answers the owner's question
- Owners and commissions: Mirsad manages property management contracts, owner payouts and owner statements in one place, so you do not need to build the statement by hand every month.
- Leases: create the contract once; the payment schedule and reminders follow, so no due payment slips through.
- Collection and payments: know who paid, who is late and what remains, with numbered receipts and invoices, the foundation the owner statement is built on.
- Maintenance requests: receive, assign and follow each request until closed, instead of losing it in chats.
- Properties and units: see every unit's status at a glance, leased, vacant or under maintenance, so you can answer the owner about occupancy instantly.
- Office site and tenant portal: show vacant units, and tenants see their own contract and payments, reducing repeated calls to your team.
An example from a working day
Imagine an office managing twenty buildings for several owners. With Mirsad, each lease is recorded once and the payment schedules are built automatically. When a tenant pays, the employee issues the receipt from the same system. When a fault is reported, a maintenance request is logged, assigned to a technician and followed until it is closed. At month end, when the owner calls with the usual question, the full picture is in front of the employee: collections, arrears, owner payouts and the statement, without opening a single Excel file.
Who is Mirsad for?
Mirsad is designed for three main groups:
- Property-management offices that manage properties for several owners and need to keep each owner's accounts, commission and statement clearly separated.
- Owners who manage their own properties and want to know the status of every unit and every payment without relying on memory or paper.
- Real-estate companies with a growing portfolio of properties and units that need one system bringing the whole team onto the same data.
What does your office gain?
- Less time spent preparing statements by hand, and more time to serve owners and win new properties.
- Unified numbers everyone sees from one source, instead of multiple copies of the same file.
- A professional image in front of the owner that builds trust and keeps them with you.
- The ability to grow and manage more properties without doubling the administrative work.
Start today
If your office manages other people's properties, the owner's trust is your real capital, and an accurate, on-time statement is the simplest way to keep it. Discover Mirsad and request details from the product page:
https://cortex.sa/solutions/mirsad
Or go directly to the details and order page: https://mirsad.cortex.sa/