At Prime Commercial we understand the importance of tracking the performance of an asset.   With an initial budget review we can analyze the current performance and make recommendations for adjustments to meet the assets financial expectations. There are many aspects to the complete financial administration of the property such as Budgets, Rent Collection and Accounting Reports.

Having a budget that is sustainable is of utmost importance. With careful review of income, normal operating expenses and capital costs we make sure your property will have ample cash flow for the year. Budgets can easily accommodate either a calendar year or a fiscal year and are presented in an easily understood format. The budget incorporates detailed leasing projections, income calculations, operational expenses, and a capital improvement plan for the budgeted year.

Budget Components…

• Monitoring of Financial Performance

• Common Area Maintenance Reconciliations

• Insurance Reconciliations

• Property Tax Reconciliations

• Lease Abstracts

Rent collection is a paramount concern and a major focus of management and accounting activity. Timely invoicing of monthly rents and keeping on top of arrearages are a fundamental part of maintaining financial goals.

By being attentive to the landlords lease responsibilities, providing excellent customer service to the tenant and keeping the property well maintained, management can effectively enforce the tenants lease obligations.

Below is a short list of the extensive reports that help maintain a firm grip on financial accountability…

• Rent Roll Lists
• Unit Encumbrances List
• Tenant Ledgers
• Aged Receivables Report
• Payable Reports
• Budget vs Actual Report
• Balance Sheets
• Profit & Loss Statements
• Management Fee Reconciliation
• General Ledger Detail
• Bank Statements & Reconciliations

Call Us Anytime: 941-92PRIME (927-7463)
We Are Always Here To Help And To Answer Any Of Your Questions!