Financial Management and Reporting

In addition to ensuring all properties under our care are well-maintained at all times, First Companies also works with building owners to manage the financial aspects related to their investment. This begins with developing income and expense forecasts as well as budgets and projected cash flows. Depending on your needs, First Companies will:

  • Collect and deposit lease payments with ongoing reports on receivables
  • Ensure timely payment of all property-related expenses
  • Provide monthly financial statements
  • Manage property tax payments and negotiate/contest tax rates when appropriate
  • Oversee billing and reconciliation of Common Area Maintenance (CAM) fees
  • Provide meeting minutes, reports and tax information to all partners/owners
  • Manage leases, renewals and agreements, with various options and strategies to maximize ROI
  • Negotiate and administer property and liability insurance
  • Coordinate with legal counsel on property-related matters