The Canadian Real Estate Accounting Specialist

OHI has access to skilled and experienced property accountants/real estate accountants at very economical rates with high expertise in Yardi (Genesis and Voyager), AppFolio, OneSite, MRI, Spectra, Timberline and QuickBooks. Our property accounting services are used by 150+ commercial, residential, student housing, real estate developers and property management companies in British Columbia, Ontario, Vancouver, Toronto, Calgary and Ottawa . We service clients with a portfolio as small as 100 units to as large as 1500 units/10 million sq. ft.

Contact Us!

+1 (646) 367-8976

Have a Question,

Comment or Request

sales@ohiaccounting.com

Cost Savings

30-50% cost savings compared to equivalent in-house staff

Skilled Employees

Staff with 6+ years of real estate experience

Fast Monthly Close*

Monthly financials latest by tenth of every month

OHI Advantages

• Cost Efficient - Realize cost reductions of 30-50% on your existing staffing costs
• Grow Without Overhead - Expand your portfolio without worrying about the staffing
• Faster Work Turnaround - Work gets done faster due to complimentary time-zone differences
• Optimize Staffing - Use us only when you need us
• Best Practices - Access to best practices in real estate accounting, lease abstraction and asset management

Clients Across USA and Canada

British Columbia | Alberta | Ontario | Quebec | Prince Edward Island | California | New York | Texas | Florida | Georgia | Ohio | Colorado | Kansas | Pennsylvania

150+

Real Estate Clients in North America

300,000+

Units Served Since 2006

Team Including Graduates, CPAs and MBAs

500+

And More

Key Real Estate Sectors

Affordable Housing | Market Rent Housing | Tax Credit and HUD Properties | Single Family Housing | Homeowner Associations (HOA) | Commercial | Retail| Industrial | Student Housing | Senior Housing

Property Accountants with

Years of Relevant Real Estate Experience

6+

Our Credentials

We Serve

8

Top 50

of the

Popular Real Estate Roles

Profile

Profile

Profile

Process

Process

Process

Accounts Payable Specialist

Accounts Receivable Specialist

Property Accountant

Our Services

We provide complete range of property management accounting and reporting services covering accounts payable, accounts receivable, reconciliations, property accounting and monthly financial work for more than 50 Real Estate Firms in Canada and USA.

• Tenant Accounting - Lease setup, move-ins, move-outs
• Accounts Payable - Entry of invoices including 2/3 way matching with POs, utilities and payments
• Accounts Receivable - Monthly rent run and processing rental receipts
• Reconciliations - Bank, mortgage and insurance escrow reconciliations
• General & Month End Accounting Activities - General ledger maintenance, month end accruals and schedules
• Payroll Processing - Processing of weekly/bimonthly/ monthly payroll, Year-end T4s and T4 summaries
• Prepare/Track Fixed Assets for property including to the unit (apartment) level
  
• Management Reporting - Monthly operating reports and variance analysis
• Budgeting Support & Analysis Services - Prepare budgets, financial analysis and cash flow forecasting
  
• Investor Support Activities - Investor reports and dashboards
  
• Rent Roll Analysis - Comprehensive rent roll analysis of a property for buyers covering financial analysis, tenant analysis, location review among others
  
• Lender Reporting - Financials, leasing reports, property management executive summaries and other reports with respect to the property, borrower and guarantor
  
• HST, GST and PST - Reconciliation and HST/GST/PST Filings
• Software Upgrade/Changeover Services - Prepare software transition plans, Set-up chart of accounts and handle accounting migration
  
• Backlog and Clean-up Accounting Services - Clearing backlog of un-posted historic transactions, correction of existing miscoded GL entries, clean-up of chart of accounts and reconciling historic accounts with bank, credit card etc

Key Real Estate Sectors

Affordable Housing | Market Rent Housing | Single Family Housing | Commercial | Retail | Industrial | Student Housing | Senior Housing

Accounts Payable

Accounts Receivable

Bank Reconciliation

Month End Closing

Case Studies

Real case studies covering RE developers, funds and PM cos.

Services, Team, Industry Experience and more

Covers work-flows, technology, transition time-frames and more

Useful Links

Related Services

Investment Analysis Services

Lease Abstraction Services

Financial Dashboard Solutions

Acquisition Analysis Services

Corporate Profile Video

The video provides a brief overview of our services, real estate expertise, clients, work culture and most importantly our vision to be recognized as a leading outsourcing provider for the real estate segment.

Software Expertise

High expertise across multiple real estate accounting (property, construction and fund accounting), property management, investment analysis, leasing and designing software used in Canada and USA.

Pricing

The indicative standard charges for Accounts Payable Specialist, Accounts Receivable Specialist and Property Accountant roles are listed below.

Full Time
Accounts Payable Specialist

CAD 2300

Full-time staffing (160 hours per month)

Accounts payable processing

Processing insurance, mortgage bills

Processing utilities and payments

Accounts payable aging reports

Full Time
Accounts Receivable Specialist

CAD 2700

Full-time staffing (160 hours per month)

Rent receipting

Cash Application Services

Email/Call collection support

Accounts receivable aging reports

Full Time
Property Accountant

CAD 3400

Full-time staffing (160 hours per month)

Tenant accounting

Bank and escrow reconciliations

Month end closing and financials

Inter-company accounting

Note

• The above charges are indicative charges for standard services to be performed by the particular role on a full-time basis (160 hours per month). A final quote will depend on the work-volume, activities required and the working hours. Part-time and flat fee quotes are also available
• The accountant works during Indian time zones. An overlap of two hours with Canadian time can be provided so that the resource can co-ordinate with Canadian staff. (Charged additionally CAD 70 per month)
  
• The accountant can be reached through multiple means- Canadian Phone no., email, Skype and messengers. We would organize prescheduled tele-conference during Canadian business hours to resolve any issues
  

Custom packages of 25, 50 and 80 hours per month are available

Client Profiles

A fully licensed, registered Real Estate Brokerage firm specializing in Property, Condominium and Asset Management. They are based in Alberta. The firm manages a portfolio in excess of USD 1 billion.

Property Management | Mixed Portfolio

Owner/Developer | Mixed Portfolio

A mid-size Real Estate Developer with operations in British Columbia, Alberta, Washington and California, They builds amenity-rich residential and mixed-use communities. Having delivered over 20,000 homes with another 9,000 planned, being designed or under construction.

A rapidly growing real estate firm based out of Ontario, Canada. They specialize in single and multifamily residential rental properties.

Property Management | Single & Multi-Family

Owner/Developer | Mixed Portfolio

A well-known construction and development company in British Columbia specializing in construction and development of high rise concretes. It is a mid-sized firm and one of British Columbia’s most experienced and respected developers.

A large CA firm based in Ontario, Canada. The firm specializes in providing accounting and taxation services to real estate firms.

CA Firm

Property Management | Commercial

A private Canadian owned company head-quartered in Toronto Ontario. In almost 30 years the company has acquired over one million square feet of office, retail and residential property.

A locally based company that has been investing and managing Vancouver retail and office properties for over thirty years. The firm specializes in offering well located office and retail space at highly competitive rates.

Owner/Developer | Commercial

Construction

Operating from three offices, the firm services Canada’s construction industry. There capabilities are, but not limited to; Construction Management, Design-Build, Energy Retrofits, Design-Bid, Real Estate Advisory and Tenant Improvements

Useful Articles

The top five real estate software solutions, features and advanages- Appfolio Property Manager, Yardi Voyager, RealPage, MRI and Buildium Property Management.

Popular Real Estate Software

Job description, duties and qualification for a real estate accountant to record, analyze, and report the real estate accounting transactions.

Real Estate Accountant - Job Description, Duties

HUD Multifamily Housing Programs administers a number of programs that provide housing schemes for low-income seniors, people with disabilities, and families with children.

HUD Multifamily Housing Programs

This articles elaborates more on how small landlords can create a competent rental property accounting system.

While property management reports come in various forms and inform several statistics, owners need specific data, usually centering around the revenue that the property is generating and the operational costs acquired.

A Simple Rental Property Accounting System for Small Landlords

Monthly Property Management Reports

Multifamily accounting involves a number of long-term transactions, given the nature of the business. In light of the same, the accrual basis of accounting serves best for the benefits that it has to offer.

Accrual Accounting - The Perfect Way of Managing Multifamily Accounting

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