A mid-size real estate firm in Miami, Florida. The company manages over $300 million of real estate, over 4500 apartments and have been appointed receivers on over 15 properties.
Client had recently acquired a portfolio of seven properties comprising of about 1000 units. Lease abstraction and entry of leases was done in-house. Due to the shortage of time and the rent roll due in the monthly cycle, the client wanted a proper review of the leases entered. OHI was mandated to ensure that everything entered in the software was in line with the lease agreement and to correct any discrepancy found during the review process.
OHI allocated 2 leasing and AR specialists to meet the requirement of the client. These were in-turn supervised by a Team Leader, who was also responsible for communication and coordination with the client. Special emphasis was laid on establishing clear quality control mechanisms and review checklists.
A thorough review of the entered leases was done by the team.
About 1000 leases were reviewed and corrections in Yardi were completed within one month
Detailed Documentation of the review process for future reference. The manual now forms an important part while addressing any new leases
We now assist the client in providing complete accounting and management reporting services. Lease abstraction, property accounting services include coding of payables, running rents, booking receipts, reconciliations, general ledger maintenance and monthly closing and reporting of books
If you are interested in knowing more about how OHI can help your organization, please email us at firstname.lastname@example.org/
email@example.com or call us at +1-646-367-8976 (US) /
+44 20360 83041 (UK) /
91-11-26475715 (India). We can also provide a cost-benefit analysis customized for your organization.