Running senior or assisted living facilities is a complex task, requiring a balance of high-quality care and adaptation to ever-changing regulations and market conditions, often stretching financial resources thin. That’s where OHI comes in:
OHI has access to expert accountants at affordable rates. Trusted by over 120 satisfied clients across a spectrum of real estate sectors including Senior Living Accounting, Student Housing, Single and Multifamily Housing, Affordable Housing, Assisted Living Facility Accounting and Homeowner Associations (HOA). OHI’s team boasts profound proficiency in a variety of US real estate, property management, and accounting software, including Yardi, RealPage, MRI, Sage, SAP Business One and AppFolio. Our services span the breadth of California, New York, Texas, Florida, Colorado, Georgia, Ohio, Pennsylvania, Oregon, Washington, and beyond.
Realize cost reductions of 40%-60%
Scale up and down based on your needs
Focus on running the business instead of managing books
Use us as full-time, part-time or on as needed basis
Access to best practices derived from 300+ businesses
The above charges are indicative charges for standard services to be performed by the particular role on a full-time basis (160 hours per month). A final quote will depend on the work-volume, activities required and the working hours. Part-time and flat fee quotes are also available
Accounts Payable Specialist can perform activities such as 2 Way/3 Way matching of invoices with POs and GRs/Packing Slips, entry of invoices and utilities, coding of expenses, entering checks for further approval, tracking payables, vendor reconciliations and other miscellaneous accounts payable activities.
Accounts Receivable Specialist typically can perform activities such as invoicing, running rents (for real estate cos.), tenant/customer set-up and accounting, late fee processing, rent receipting/cash application services, tracking receivables, email and call based collection support, and miscellaneous accounts receivable tasks.
General Accountant can provide the following business accounting services- General ledger accounting, management of accounts receivable and payables, payroll, reconciliations, monthly closing of books including finalization and simple monthly reporting with variance analysis.
Financial Analyst is a specialist profile used for financial modeling, business plan formulation, business research and financial analysis assignments. They are responsible for preparation of project reports, financial modeling, management reporting, analysis of financial statements, simple valuations and other custom tasks.
Residential real estate accounting involves managing financial aspects like rental income, expenses, and property values. Specialists ensure accurate reporting, compliance, rent collection, lease management, budgeting, and financial analysis to support property owners' success. Additionally, outsourced accounting for senior living centers is a vital service for managing financial aspects efficiently, including reporting, compliance, budgeting, and analysis to support the success of senior living facilities.
Student Housing Accounting encompasses financial management for student accommodations, including rent, expenses, and operational costs. It involves rent collection, lease agreements, budgeting, and financial reporting to ensure efficient financial operations and quality housing services for students. Additionally, senior housing accounting is crucial for managing the financial aspects of senior living facilities, including rent, expenses, budgeting, and reporting to maintain operational efficiency and high-quality services for senior residents.
HOA/Condo Accounting refers to the financial management and administration of homeowner associations (HOAs) and condominiums. It involves tasks such as budgeting, collecting dues, paying bills, maintaining financial records, and preparing financial statements. Additionally, efficient senior housing accounting services are essential for managing the financial aspects of senior living facilities, ensuring accurate budgeting, dues collection, expense management, and financial reporting to uphold the quality of services for senior residents.