Accounting & Cost Optimisation

Accounting

Our history of experience in the field of property management enables us to offer expert accounting services.

In our role as property managers we are taking care of all accounting tasks.

• Property accounting and lease accounting
• Receivables management
• Statement of operating and service charges
• Sales tax summary report
• Monthly and annual statements of net profits

Of course, our clients receive regular status reports.

Cost Optimisation

The field of cost optimisation focuses on the reduction and streamlining of service charges and  creates an increase in value and return of a property or the entire portfolio. This includes both the recoverable service charges and the non-recoverable service charges. It is important to implement the optimisation of service charges right after the acquisition of a property. After the optimisation, the service charges should be reviewed annually and adjusted if necessary.

Reasons for high service charges amongst others are: 

• Lack of quotations and comparisons
• Neglection to conclude new contracts
• No frame agreements -> economies of scale
• High cost structures
• Unnecessary modernisation and refurbishment measures
• No renegotiations before signing of a quotation
• Lacking, competent examination of quotations

Advantages:

• Reduction of the recoverable service charges, which increases the attractiveness to tenants
• Enhancement of the value and return, since non-recoverable service charges are reduced. All this leads to an improvement of the income and spending situation.