The real estate & property management industry seems to be on an accelerating disruption curve highlighted by rapid changes in tenant dynamics, demographic shifts and ever-increasing needs for better and faster data access to allow improved services. These ecosystem developments appear to signal more change and uncertainty, thereby requiring better financial management & business decision making
To address the challenges of stakeholders across the real estate value chain, we work with investors, agents & brokers, property management companies, real estate developers, Home Owner Associations to provide real estate accounting services, financial analysis, and business intelligence services. We provide world-class real estate accounting services meant to reduce your operating expenses, strengthen the cash flow and increase your profitability throughout the market variations. Our team understands the typical financial problems that real estate businesses deal with and is prepared to help you with its hassle-free accounting solutions and tax preparation practices.
What We Do
- General Accounting & Bookkeeping – Setting up chart of accounts, cleanup work for new clients, recording incomes & expenses, entering & reconciling bank transactions and recording payroll
- Accounts Payable management – Entering invoices of vendors in accounting software, processing bills payable in Bill.com and Plooto, making journal entries for month-end payables
- Accounts Receivable management – Processing payments of tenants, tracking security deposits of tenants, preparing AR Aging report, tracking & matching collections from Sales
- Cash Flow & Budgeting – Preparing annual budgets for projecting incomes & expenses, cash flow projections, NPV and Payback period
- Management Reporting & consultancy – Comparing monthly P/L & Balance Sheet, preparing variances for better cost control, analyzing various Key Performance Indicators
Key Performance Indicators
Property Management
- Properties won vs Properties lost
- Occupancy Rates
- Average Arrears
- Certificate of insurance compliance rate
- Work order completion rate
- Inspection compliance rate
Real Estate Agents & Brokers
- Average commission per sale
- No of days on market
- No of visits per real estate sale
- Bid-ask rate difference in %
- Homes sold to inventory ratio
Real Estate developer
- Cost of construction
- Percentage of labor downtime
- Labor productivity
- Percentage of Equipment downtime
- Safety incidents (fatal and non fatal)