Launch Your Property in 30 Days
Commercial Properties
1. Provide us access to your property management software. We work with Yardi, Real Page, Entrata, and MRI. If you don’t already have a property management software, we can use our in-house software – Yardi.
2. We review your books to make sure the numbers are clean and ready to go. If you use our in house software we will setup the property/rent roll/vendor accounts. Please provide us a set of financial package from acquisition or prior property management company.
3. As the month goes, we work with your property manager and take care of the following:
• Cash Management – Review Daily Cash Account, Record ACH/Wire Transactions, Approve Positive Pays.
• AP – Process invoices in the system for vendor payment – weekly check run.
• AR – We bill Rent and CAM, Collect Rent, Post Rent.
• Cash Management – Review daily cash account, Record ACH/Wire transactions, Approve positive pays.
• GL – Month-end close process: Bank Reconciliation, Post Journal Entries, Property Tax Accrual, Property Insurance Accrual, Management Fee Calculation, Depreciation/Amortization.
4. Financial Reports are provided on the scheduled date every month.
5. Process Owner’s Distribution.
6. Loan Draw as Capex items take place.
Multifamily Properties
1. Provide us access to your property management software. We work with Yardi, Real Page, Entrata, and MRI. If you don’t already have a property management software, we can implement multifamily software – Yardi.
2. We work with Yardi to transfer all financial data and tenant information over from the previous property management or ownership. Once the implementation is completed, we check to make sure the numbers are accurate and system is ready to go LIVE.
3. As the month goes, we work with your property manager and take care of the following:
• Cash Management – Review Daily Cash Account, Record ACH/Wire Transactions, Approve Positive Pays.
• AP – Process invoices in the system for payment – weekly check run.
• AR – We work with property to make sure rents are collected and posted on time.
• Payroll – Process bi-weekly payroll.
• GL – Month-end close process: Bank Reconciliation, Post Journal Entries, Property Tax Accrual, Property Insurance Accrual, Management Fee Calculation, Depreciation/Amortization.
4. Financial Reports are provided on the scheduled date every month.
5. Process Owner’s Distribution.
6. Loan Draw as Capex items take place.
