Real Estate Accounting at NAI Chase Commercial
Our approach to property management is to devise and implement a customized plan that increases cash flow and return on your investment, ultimately creating additional value for you. This goal may seem obvious, but it is a continuing challenge for investors everywhere.
NAI Chase’s Property Managers begin with the fundamentals of property management, then think well beyond the obvious to deliver innovative and actionable solutions for your assets.
Accounting Services Powered by CenterSoft™
CenterSoft™ property management software handles all our accounting functions to include lease administration, tenant sales reporting, percentage rent billing, Common Area Maintenance billing and reconciliations, budget preparation, customizable reports, contract administration, Real Estate Tax Appeal and security deposits, providing for full monthly financial reporting.
Essential Elements of Standard Reporting Package:
Additionally, reports that are readily available include the following:
Management Fee Reconciliation – Can be provided to show management fees billed and paid tied to the management agreement
Unit Encumbrances – A list of all units itemizing encumbrances for each space, such as: first right of refusals and exclusives
Tenant Ledger – Shows the beginning balance, charges by type (rent, CAM, tax, insurance, late charge, reconciliation, etc.) collections, check number, amount of check, application of payments against charges and ending balance for each tenant
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Real Estate Expert Today
NAI Chase Commercial is the leading source of local market knowledge with global capabilities. Whether you’re looking for asset management or brokerage services, our dedicated team can offer you the service and guidance you need to succeed. Contact us to get started today.