How frequently must a property manager provide an accounting to the owner under Oregon law?

Under Oregon law, a property manager is required to provide an accounting to the property owner at least once every three months. This requirement ensures that property owners are kept informed about the financial activities related to their property, such as income received from rent, expenses incurred, and any other financial transactions that occur during that period. Regular accounting is important for transparency and helps maintain a good working relationship between the property manager and the property owner. Offering this information every three months strikes a balance between the need for regular updates and not overwhelming the owner with excessive information, thus supporting effective property management practices.