The PM Management team is able to produce timely, useful and accurate reports based on our clients needs. Our management team prepares a detailed zero-based budget for each project.
Our standard reporting package includes a Balance Sheet, Income and Expense Statements, Cash Flow Operating Statements, 12 month and Rolling 12 Month Operating Statements, and Budget Comparison Reports. Our accounting group is flexible and is willing to provide additional reporting such as reporting requested or required by 3rd party lenders, brokers, and more.
“Monthly reports are always delivered on time, and they are very responsive on Landlord’s questions”
– David Nevin, Las Brisas & Vista Hills Shopping Centers
1. ABSTRACT LEASE
We summarize each lease with key information to easily review, input, and update.
2. INPUT INFORMATION
Information from the abstract is uploaded into the accounting system.
3. COLLECT MONEY
All monies are sent directly to a lockbox or collected in the office by an independent clerk.
4. COLLECT COPIES
Copies of all deposits and checks are collected and reviewed by our accountants.
5. HANDLE CASH
Cash receipts are posted.
6. GENERATE REPORTS
We run weekly receivable reports.
7. REVIEW ACTIVITY
We thoroughly review all billings and collections for each tenant.
1. AUTHORIZE & APPROVE
All costs within budget are authorized and approved.
2. SEEK APPROVAL
Unbudgeted costs over a specified amount require additional approval.
3. CODE INVOICES
We code approved invoices with the appropriate account number and sent out for payment.
4. APPROVE & INPUT
Codes and invoices are approved and invoices are input for payment.
5. HANDLE CHECKS
Checks are approved and mailed.
6. OBTAIN SIGNATURES
Checks over a specified amount will require two signatures.
7. RUN CHECKS
Checks are run on Friday of each week.
2-Stage Budget Process
Stage 1 of the budget process involves coordinating and gathering information from:
Stage 2 of the budget process involves:
Ready to increase the NOI/ROI on your Southern California commercial property?
Contact us today to see how we can help!