Lee & Klatskin Associates has an
experienced staff that is proficient
in using accounting software packages
such as Timberline, CTI, MRI and others.
Services provided include:
•
Develop
an annual operating budget for the building
and the project, including periodic monitoring
of annual operating/marketing budgets
and working with owner for approval.
•
Review
project cash flow statements monthly to
detect variances from budget and review
significant variances with owner.
•
Monitor
each budget line item to ensure actual
amounts are within budget allowances.
•
Load
all leases on appropriate lease administration
program.
•
Generate
monthly rent invoices.
•
Generate
all miscellaneous invoices (extraordinary
maintenance, keys, after-hours HVAC, late
fee notices) and follow up.
•
Calculate
and invoice operating expense recoveries.
•
Review
and approve all invoices relating to the
operations of the property.
•
Ensure
proper coding and processing of all project
invoices.
•
Work
with owner on review and approval of all
property tax assessments, audits, and
appeals.
•
Review
and approve all real estate tax statements
prior to payment.
•
Review
all insurance invoices for payment.
•
Review
and approve all utility invoices.
•
Monitor
utility costs, review relative to historical
building performance and comparable building
performance.
•
Provide
comprehensive financial reports to owner
each month, including:
