Budget & Reporting
Capital & Operating Budgets
The budget is one of the most important tools available to property owners and managers. We use it as a tool to plan our year and beyond as well as to coordinate the business plan with the owner’s performance expectations. Operating within an approved budget gives management the freedom and flexibility that it needs to make day-to-day decisions, while serving as a basis for evaluating the property’s performance, throughout the year.
The budget documents the property’s anticipated revenue and expenses and resulting net operating income (NOI). As NOI drives market value, it is very important for us to closely monitor the property’s performance compared to budget on a monthly basis. As we strive to maximize cash flow today and value for tomorrow, accurate financial planning is an essential tool.
Financial Statements & Reporting
Our reporting objectives are to provide the highest quality information to our clients in a timely manner, using an approach that is comprehensive, clear, and communicated with the highest degree of integrity. Our clients rely on us to ensure that reports are meaningful, accurate, and delivered on time.
The economic performance of a property is dependent on the timely collection of all income. As one of the most critical areas of our responsibility, we have a very detailed and structured process for rent collection that reduces the probability of missed rental payments, maintains the owner’s rights of collection, and preserves the owner’s income stream.