FINANCIAL & PROPERTY MANAGEMENT SOFTWARE
ADDITIONAL FINANCIAL SERVICES
RENT COLLECTION & ONLINE PAYMENTS DELIQUENCY REPORTING & COLLECTIONS
ACCOUNTS PAYABLE & CONTRACT MGMT. RENT ROLLS & VACANCY REPORTING
PROPERY TAX PETITIONS REPORTS LOAN, AMORTIZED COSTS, SECUITY DEPOSIT MGMT
OFFICES IN NEW YORK CITY & NEW JERSEY
CONTACT: 646-453-3271 tconley@conleygrp.com
CONSTRUCTION/PROJECT SOFTWARE
PROPERTY BUDGETS & INCOME + EXPENSE MONITORING
Our team prepares detailed property budgets and monitors income/expense variances monthly to keep financials inline with established baseline budgets. We perform a detailed analysis of previous year expenses and forecast anticipated expense escalations in annual budgeting process. This incorporates detailed leasing projections, income calculations, operational expense adjustments, and capital improvement expenditure forecasts. We provide clients with monthly budget vs actual cost variance reporting to make sure income and expenses are routinely monitored and managed within established base line targets.
PROJECT REPORTING & MGMT. - TENANT/LEASE IMPROVEMENTS & BUILDING CAPEX
Our financial team working in conjunction with our construction division their project management software can provide detailed cost accounting, contract administration, and reporting for Tenant Improvement & Building Capital Expense Projects. Our team will establish individual project accounts with proper AIA construction cost codes and will track all Vendor progress payments against approved Contract PO's. Any approved Vendor Change Orders will be reflected against original contract PO's. All vendor and project related expenses will be cost coded for budget monitoring and potential TI allowance overages for back charges to Tenant. Once project completed detailed cost coded expense reports will be delivered so expenses can be accurately reflected in depreciation and amortization accounts on balance sheet.
FINANCIAL MANAGEMENT
The Conley Group utilizes a advanced cloud based property management software for cost accounting, financial reporting, lease analytics, budgeting, AP/AR, and rent collection. Our systems and cost accounting methods allow our team to monitor property performance in real time, and we deliver our clients reconciled and comprehensive financial report packages monthly which include but not limited to following: Profit & Loss, Budget Variance Reports, Balance Sheet, Cash Flow Statements, Tenant Delinquency Reports, TI / Capex Project Reports, Depreciation / Amortization Schedules, Estimated Annual Performance, Shareholder Estimated Income Tax Projections.
Leasing & Management Reporting are also incorporated into the monthly financial statements which include: Vacancy/Occupancy Reports, Tenant Renewal and Expiration Reports, Rent Rolls, Property & Tenant Insurance Expirations, Completed / Pending Property Compliance Status Reports, & Completed / Open Work Order Status Reports.