Benefits of Outsourcing
Faster Work Turnaround
Work gets done faster due to complimentary time-zone differences
Realize cost reductions of 40-60% on your existing staffing costs
Cost Efficient
Expand your portfolio without worrying about the staffing
Grow Without Overhead
Use us only when you need us
Optimize Staffing
Access to best practices in real estate accounting, lease abstraction and asset management
Best Practices
Accounts Payable Process Snapshot
The Accounts Payable Process Snapshot detailed below is for a multi-family residential developer using Yardi Voyager. AP is being performed in Yardi PAYscan environment with pre-set work-flows governing the movement of invoices across operations and accounting.
Key Activities Done
Entry of invoices and utilities, allocating AP invoices to correct work-flows, clearing held/stuck invoices by coordinating with site, Check/ACH Processing, Debit Card/ CC transactions and miscellaneous activities such as vendor set-up, funding petty cash etc.
ACCOUNTS PAYABLE SPECIALIST INDICATIVE COST
$1800
THROUGH OUR SERVICES
GET YEARLY SAVINGS OF
$24480
Accounts Receivable Process Snapshot
The Accounts Receivable Process Snapshot detailed below is for a Multi-family Residential developer with Section 8 Rent Tenants. Properties are being managed in Yardi Genesis. Leases are maintained in Yardi, Move-Ins and Move-Outs happen through the month and Yardi CheckScan used for receiving tenant payments.
Key Activities Done
Move-Ins (Set-up of leases), Move-outs, Security Deposit Refunds, Monthly Rent Run, Late Fees, Rent Receipting across different payment modes, Delinquency reports and tenant ledger adjustments.
ACCOUNTS RECEIVABLE SPECIALIST INDICATIVE COST
$2000
THROUGH OUR SERVICES
GET YEARLY SAVINGS OF
$21600
Bank Reconciliation Process Snapshot
The Bank Reconciliation Process Snapshot detailed below is for firms managing single-family, multifamily residential, commercial properties, HOAs and industrial properties. The process can be followed for both accrual and cash based accounting system with bank reconciliation performed in Yardi. A similar process is followed for clients using Appfolio, MRI, RealPage, QuickBooks and Microsoft Dynamics.
Key Activities Done
Reconciling bank accounts - dealing with transactions not posted in the software, bank reconciliation discrepancies, bank reconciliation postings and reports.
JUNIOR ACCOUNTANT INDICATIVE COST
$1800
THROUGH OUR SERVICES
GET YEARLY SAVINGS OF
$24480
Month End Closing Process Snapshot
The Month End Closing Process Snapshot detailed below is for a Multi-family Residential and Student Housing portfolio managed in Yardi Genesis. The accounting system comprises of Accrual Based Accounting with PO based AP System. A similar process is followed for clients using MRI and Appfolio.
Key Activities Done
AP Closing, AR Closing, Expense Accruals, Prepaid Amortizations, Bank and Escrow Reconciliations, Inter-Company Entries/Reconciliations, Management Fees Calculations, GL Review including Income and Expense Reclassifications, Variance Comments, Draft Financial Packages and Finalized Financials Packages.
PROPERTY ACCOUNTANT INDICATIVE COST
$2500
THROUGH OUR SERVICES
GET YEARLY SAVINGS OF
$36160
Our Services
Residential Property Accounting
AP, AR, General Accounting, Reconciliations, Month End Closing, Monthly Financials and Reporting
Commercial Property Accounting
AP, AR, CAM Accounting, Reconciliations, Month End Closing, Monthly Financials and Reporting
Construction Accounting
Progressive Invoicing, Payables Processing Including Draws, Vendor Contract Management, Reconciliations, Job Level Reporting
HOA/Condo Accounting
AP, AR, Monthly Billing, Bank Reconciliations, Financial Reporting, Budgeting, Projections & Administrative Services
Lease Administration
Asset Management
Lease Abstraction, Lease Entry, Lease Administration, Lease Audit, CAM Reconciliation, Acquisition Support
Property and Portfolio Level Dashboards, Hold vs Sell Analysis, Cash Flow Projections, Asset Level Budgets, Investor Reporting
Acquisition Support (Financial Analysis)
Proformas and Financial Models, Rent Roll Analysis, Identification and Evaluation of Acquisition Opportunities
Administration Support
Document Management, Insurance Management-Renewals and Claims, Marketing Support, Vendor Research and Support Services
Software Expertise
We have high expertise across multiple real estate, property management and accounting software used in USA.
400+
real estate clients
130+
About Us
A midsized real estate property management firm based out of Beverly Hills, CA. The firm manages over 50 properties, across 9 states, encompassing over 1200 tenants and nearly 1.5 million square feet.
Property Management | Multi-Family
Owner/Developer | Multi-Family & Senior Housing
A vertically integrated, full service real estate company based out of Bellevue, WA. They specialize in commercial properties. The firm has developed and built in excess of 81 properties and have more than 10,000 units under management.
A mid-size real estate firm in Miami, Florida. The company manages over $300 million of real estate, over 4500 apartments and have been appointed receivers on over 15 properties.
Property Management | Multi-Family
Owner/Developer | Affordable & Student Housing
An owner/manager of high-quality multifamily communities in the Tri-State and Mid-Atlantic regions, in addition to affordable and student housing properties around the United States. Their portfolio has comprised over 15,000 apartment units representing over $2 billion in value.
A leading Kansas housing development and management firm specializing in HUD Section 8, Low-Income Housing Tax Credit, and U.S.D.A.
Asset Management | Tax Credit & HUD Properties
Property Management | Single & Multi-Family
A full service management company based out of Denver (CO) with extensive experience in both single and multifamily residential rental properties.
A rapidly growing real estate firm based out of Tacoma, Washington. They specialize in commercial brokerage of larger multifamily complexes throughout the Pacific Northwest.
Property Management | Multi-Family
Property Management | HOA
A full-service real estate management firm that handles multi-family residential and commercial properties throughout Southern California and Arizona.
Client Profiles
Learn More About our Accounting Services for
Real Estate Firms
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Comment or Request
+1 (646) 367-8976
US Office
244 Fifth Avenue, Suite P228, New York, NY 10001, USA
IND Office
E 46/8, Okhla Phase II, New Delhi -110020, India
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Contact Us
Contact Us
US Office
244 Fifth Avenue, Suite P228, New York, NY 10001, USA
IND Office
E 46/8, Okhla Phase II, New Delhi -110020, India
+1 (646) 367-8976
Address
US Office
244 Fifth Avenue, Suite P228, New York, NY 10001, USA
919 North Market Street, Suite 950, City of Wilmington, DE 19801, USA
IND Office
E 46/8, Okhla Phase II, New Delhi -110020, India
Contact Us
The Real Estate Specialist Since 2006
+1 (646) 367-8976
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At OHI, we leverage outsourcing, automation and industry leading processes to assist you in scaling new heights of excellence. We aim to help you optimize your portfolio, acquire better, and streamline operations, all in a cost-efficient manner.
At OHI, we leverage outsourcing, automation and industry leading processes to assist you in scaling new heights of excellence. We aim to help you optimize your portfolio, acquire better, and streamline operations, all in a cost-efficient manner.
Useful Links
Services
Industries
Other Services
Contact Us
US Office
244 Fifth Avenue, Suite P228, New York, NY 10001, USA
453 S Spring Street Ste 400 PMB1245 Los Angeles, CA 90013
IND Office
E 46/8, Okhla Phase II, New Delhi -110020, India
+1 (646) 367-8976
Useful Links
Services
Other Services
Contact Us
US Office
244 Fifth Avenue, Suite P228, New York, NY 10001, USA
IND Office
E 46/8, Okhla Phase II, New Delhi -110020, India
+1 (646) 367-8976
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