Financial Reporting and Property Management in NJ

Owning property is a business venture. Property management financial reports help demonstrate how successful a property is and indicate where you can make improvements. Cervelli Real Estate & Property Management has provided property management services to clients throughout the Gold Coast of New Jersey for over 30 years. As an Accredited Management Organization (AMO), our financial reporting services can help you stay on top of things. With complete transparency, our financial reporting helps enhance asset value and reduce expenses. Learn more about the building management reports we provide to the properties we look after.

What Financial Reporting Entails

Proprietors know the expenses involved with owning property. However, property owners must keep these expenses organized and easily accessible for proper management and decision-making. Doing so can make business processes run more efficiently and maximize return on investment.

At Cervelli Real Estate & Property Management, we provide clients with detailed financial reports about the properties they own. Financial reports include the following information:

Reconciled Bank Statements

In any business venture, discrepancies in financial numbers are a major cause for concern. Bank reconciliation statements summarize banking and business activity. The statements compare balances in accounting records and bank accounts to confirm payments are processed and ensure there are no discrepancies between the two

Accounts Payable and Receivable Reports

Accounts payable reports detail short-term financial obligations, such as insurance, loans, utilities, maintenance, and general goods or services. This report offers a clear representation of which vendors or suppliers you compensate and when. It also helps ensure property owners are

not carrying delinquent accounts. These are accounts that have not yet been paid despite the passing of the due date.

Accounts receivable reports detail the individual receivable amounts from each tenant. This report summarizes the individual payments that property owners receive, including rent, service charges, utility payments, security deposits, and maintenance fees.

Copies of Checks

Record keeping is important both financially and legally. This is why property owners need to have detailed records of income and expenses to determine how profitable properties are, as well as detailed financial records to file tax returns.

Cervelli Real Estate & Property Management provides clients with thorough financial reporting on their properties every month. These reports offer clients valuable insight into their property’s finances and will be beneficial when it comes to end-of-year audits and tax returns.

Property Management Reports and More

Cervelli Real Estate & Property Management offers property management reports to owners of apartment buildings, office buildings, retail properties, commercial buildings, and strip malls.

Because our team includes property managers and property owners, we have a unique understanding of both sides of the industry. We use this knowledge to our advantage in offering top-quality services that help clients stay on top of their properties. In addition to financial reporting services, our other offerings include:

  • 24-hour emergency services: For repairs and maintenance concerns that cannot wait, we offer emergency services available 24 hours a day, seven days a week.
  • Monthly property inspections: Once a month, we thoroughly inspect your property. We then provide you with a digital copy of the report that outlines suggestions for preventative maintenance to protect against larger complications.
  • Extensive network of vendors: Cervelli Real Estate & Property Management partners with a wide network of licensed and insured providers. These vendor relationships give clients access to a variety of reliable and affordable services.
  • Professional liaison: Our team acts as a main point of contact for attorneys, accountants, government officials, and insurance agents to prevent any complications with compliance, transparency, or efficiency.
  • Online services: Clients can access important account information online for added convenience. Our online services make it easy for property owners to make payments, submit work orders, and accomplish more tasks when it is convenient for them.
  • Property marketing: To showcase your property and get it in front of more eyes, we use proven marketing tactics, such as private clients, print, multiple listing services (MLS), social media, and digital advertising.

Choose Cervelli Real Estate & Property Management

Staying on top of your property’s expenses is crucial but can also be challenging. Property owners who need help managing the financial aspects should turn to the experienced team at Cervelli Real Estate & Property Management. We’re pleased to offer detailed financial reporting as part of our comprehensive property management services to clients throughout the Gold Coast of New Jersey, including Hudson, Bergen, Essex, Union, and Passaic counties.

Monthly property management reports include all the important financial information property owners need to make sound financial decisions. Contact us today for more information about our services or property management firm.