Financial Management Services

financial management 4

Financial Management Services

Financial Management is an extremely important part of the process. As a property manager, Podium Properties concerns itself with operating budgets, year-end statements and projections, major component replacement decisions, etc. Monthly financials including income statements and balance sheets, rent rolls and delinquency reports are produced for the Board giving a month to month snapshot of the property’s performance.

  • Preparing annual operating and capital budgets as well as tracking performance against budget in electronic monthly financial reports
  • Budget Projection at 6 months and 9 months
  • Collection and deposit of condominium and parking fees, other revenue and special assessments
  • Payment of operating expenses for utilities, cleaning, maintenance, and other routine items
  • Payment of capital expenditures for replacements, additions, and major repairsManaging and reconciling bank and investment accounts for operating and reserve funds
  • Easy to read computerized monthly accounting and record keeping
  • Monthly financial reports including balance sheet, income statement (budget vs. actual), tenant receivables, etc.
  • Reconciled bank statements each month
  • Preparation of annual audit materials