The reporting requirement in Part 107 is triggered by what the operation caused, not by how the parties afterward arranged matters between themselves. Damage exceeding $500 to property other than the unmanned aircraft, valued at repair cost or fair market value, obliges the remote pilot to report to the FAA within 10 days, and a $600 fence sits above that line. Paying for the repair is a civil settlement between neighbours; it resolves the liability question and has no effect on the regulatory obligation, which exists so the FAA has visibility of how and where these events occur. Nor can the affected party waive it — the requirement runs to the FAA, not to the neighbour, so a release or an expressed lack of interest changes nothing. Understanding this cleanly matters, because the instinct to settle quietly and move on is exactly what turns a reportable accident into an enforcement problem.