How to Monitor My Cash Flow on The App
What is the update frequency of the cash flow statement?
The cash flow statement is updated twice a month on the 10th working day and the last day of the month.
Where can I view the monthly rent of my property?
You can view your monthly rent by the following steps:
① Tap [Portfolio] > [See Cash Flow]
② On the [Cash Flow] page, tap on the bar of the selected month and the property listed under [Rent] to view the rent payment date and the corresponding rent month.
For example, rent of May 2021 that was paid in April 2021 appears in the cash flow of April 2021.
What kinds of management fees do I need to pay every month?
There are two types of management fees.
1. Asset management fee: The fee you pay for WealthPark’s asset management services, including collecting rents and handling your property related matters on your behalf.
2. Building management fee: The fee you pay for the building management company of your property. Building management services include security patrols and cleaning of public areas, etc. The service fees are shared by all property owners of the building.
I have transferred money to WealthPark. How can I check the status?
After the money is transferred to WealthPark, the amount will be reflected in the cash balance shown in the cash flow statement. Please follow the steps below to download the cash flow statement from the App.
① Tap [Portfolio], scroll down to the section of Statements, and then tap [Download] next to the chosen month.
②After downloading the monthly cash flow statement, you can view the money transferred reflected in the [Cash-in from Owner] item under the “Cash balance” section.
Where can I view the latest cash balance?
Method 1. On the [Portfolio] page, the cash balance* of the latest month is displayed.
Method 2. Download the cash flow statement via the App with the following steps.
① Tap [Portfolio] , scroll down to the section of Statements, and then tap [Download] next to the chosen month.
②After downloading the monthly cash flow statement, you can view the Ending Cash Balance as of the latest month under the “Cash Balance” section.
(*) The balance includes the amount of the security deposit.