Many real estate investors or real estate investment companies need bookkeeping and financial management solutions to help relieve the burden of the day to day administrative burdens of managing or owning a portfolio of properties. This solution is focused on some of those tedious elements.
Let our team handle real estate investors who require basic bookkeeping services and financial management solutions.
Real Estate Investor (s) or Investment Companies who need basic bookkeeping services such as entering basic income and expense type entries, or reconciling a bank account.
Many states or areas require security deposit to be accounted and this will require reconciling the tenant deposits to who is in the property, and who has moved out. Security Deposit cannot be accounted for as simple income as it is a deposit against future damages.
Some real estate investors or real estate investment companies need a outside party to review their accounts to insure that the money has been captured by the accounting system. Our bookkeeping services team can review bank statements and reconcile to Quickbooks, Appfolio, or Buildium programs. This is a excellent control to help insure that the balances are being kept in good order.
These bookkeeping and financial solutions services are for companies who need a bit of help managing rent collection or vendor payment cycles.
Tenants will fall behind on rent payments, and our bookkeeping services team can use Buildium or Appfolio to help you monitor delinquent tenants. This could include providing your manager collection reports and coordinate for collections (review of process must be done prior).
Our bookkeeping services staff can upload vendor bills to be paid. We can also setup manager to any bills . We can do this in Appfolio or Buildium, or we can use our 3rd party payable management program. After the appropriate real estate investor or their designated manager has approved the bills, then our bookkeeping teams can pay approved vendor bills using Appfolio ,Buildium, or our accounts payable management programs to reduce delay on vendor payment.
These are additional ancillary services that we can help a real estate investor or real estate investment company handle in addition to the typical financial management solutions.
Our team can help setup and monitor a mail processing service that will allow our staff to monitor mail and process vendor bills as well as download other mail to online storage program like Dropbox for you or your team to review.
The Lion Back Office Group can act as a Registered Agent to receive legal documents and such to insure that your company is alerted of important notices.
Our bookkeeping services teams can work with the real estate investor while they setup Appfolio or Buildium. Our Bookkeeping teams can help establish or edit your chart of accounts to your requirements, add tenants, add properties, and setup the system as quickly as possible.
Our Bookkeeping teams can help and run the real estate investor's company payroll for in-house staff that are w-2.
Bookkeeping Services for Real Estate Investors requires a consultation to confirm scope.