Our dedicated in-house Accounting department produces monthly financial statements recording an accurate accounting of all revenue and expenses (including rents and fees received). You or your designated accountant will receive a detailed financial statement by the 15th business day of each month, including bank statements and reconciliations, general ledger, invoice and cheque copies.
We prepare the operating budget for your property, including year-end figures and/or projections. Year-end tenant operating expense adjustments are also prepared and distributed.
Operating Expense Recoveries
We calculate and administer the appropriate tenant operating expense recoveries in accordance with tenant leases.
Rental Fee Collections
We attend to the regular collection of rental fees and aggressively pursue arrears using proven methods, ensuring maximum cash flow to your property. We also administer tenant charge-backs.
We provide comprehensive payroll services for site staff, where required, ensuring all employment requirements and remittances are met and properly administered on your behalf.
For the convenience of our clients, we offer the use of pre-authorized bank debit, online banking, and post-dated cheques, for the payment of rent fees.
We maintain strong relationships with our trades by ensuring that all approved invoices are paid promptly. Utilities are paid online and on time. We handle all payables including building staff salaries, non-tenant utility costs, fees for contract services, supplies, repair and maintenance, as well as advertising and management expenses.
Bank Account Management
Separate trust accounts are maintained for your property, administered in accordance with the requirements of the Real Estate Services Act.