Real Estate Finance and Accounting Services
Complete Back Office Accounting Solution. This includes CFO services, budgeting and forecasting, CAM reconciliation, Tax Returns/K-1s preparation and federal, state and local tax filings, bill payments, perform all daily accounting, reconcile all bank and mortgage accounts monthly and prepare and distribute monthly, quarterly and annual reports.
- Perform daily bill payments
- Respond to tenant calls/emails and misc. issues
- Enter rent receipts from ACHs into Gen2
- Enter payables from scanned invoices/upload copy to Genesis 2
- Enter principal/interest mortgage payments, reconcile 1098s
- Record Property Tax/Insurance payments from impound accounts
- Print checks and mail payments to vendors
- Prepare Delinquency reports
- Contact Delinquent Tenants
- Post Late fees
- Monitor and reconcile bank account statements
- Monitor COI and request updates from tenants
- Monitor COI for Vendors
- Monitor and Manage Sales Report data
- Send monthly tenant statements
- Process monthly management fees
- Prepare Annual Property Budgets
- Input Approved budgets into Genesis 2
- Prepare revised estimates for upcoming year
- Prepare/email notices to tenants of revised estimates and update lease charges
- Prepare monthly report packets for review
- Review monthly report packets
- Prepare final monthly report and close packets
- Calculate monthly owner distributions
- Send monthly report packets to owners
- Prepare Quarterly Financial Reports needed for Bank loan terms
- Year end review of tenant estimate charges
- Distribute monthly, quarterly and Annual financial statements
- CAM reconciliations
Leases
- Set up and update for new and tenants
- Update existing tenants lease amendments
Taxes:
- Prepare tax returns and K-1s.
Monitor Lease Expiration Report, notify Colin/owners
- Lease abstracts review
- Lease Administration