Property Management / Real Estate

The real estate industry is highly dynamic, requiring precise financial oversight and structured accounting processes to maintain profitability. The real estate industry has experienced significant changes in recent years, particularly after the COVID-19 pandemic, which reshaped market dynamics. Businesses today must navigate high interest rates, inflationary pressures, and economic fluctuations, impacting both residential and commercial property investments.

Currently, many real estate firms are facing challenges due to high leverage and tightening lending conditions. Interest rates have surged, making financing costlier, and reducing investment activities. High Insurance and Property taxes on properties have particularly added to the woes of the CRE sector. This has led to an increased focus on cost optimization, cash flow management, and strategic financial planning. Tenant behavior has also evolved, with businesses reconsidering office spaces in favor of hybrid work models, affecting demand in the commercial sector. Meanwhile, the residential rental market continues to remain strong, with rising property prices driving demand for rental properties over ownership.

Looking ahead, the real estate sector is expected to see continued transformation, driven by technological integration, changing tenant preferences, and regulatory changes. Companies that prioritize financial transparency, operational efficiency, and adaptive financial strategies will be better positioned to thrive. By staying ahead of these trends, real estate businesses can mitigate risks and capitalize on emerging opportunities, ensuring long-term financial stability and growth.

Our services

Accounting by the Book. Perform with Trust.

Accounts Payables Management

Efficiently handle payment processes, ensuring vendor satisfaction and financial transparency.

Invoice Management: Efficient handling and processing of incoming invoices from vendors and suppliers.
Payment Timing: Ensuring timely disbursement of payments to vendors to maintain positive relationships and avoid late fees.
Expense Tracking: Accurately recording and categorizing all expenses incurred by the hotel for better financial oversight.
Regulatory Compliance: Adhering to legal requirements and internal policies in all payment transactions to mitigate risks and ensure transparency.

Accrual/Cash basis bookkeeping

Precisely record financial transactions using either accrual or cash accounting methods, tailored to your business needs.

Accrual Basis Recording: Recording transactions when they occur, regardless of when cash is exchanged, providing a more accurate representation of financial health.
Cash Basis Recording: Recording transactions only when cash is received or paid out, simplifying bookkeeping but potentially leading to less accurate financial reporting.
Accrual Method Adoption: Choosing between accrual and cash basis accounting to reflect financial transactions accurately.

Monthly Variance analysis

Identify and analyze discrepancies between planned and actual financial performance on a monthly basis for informed decision-making.

Budget vs. Actual Comparison: Analyzing differences between planned (budgeted) and actual performance for the month.
Identifying Deviations: Pinpointing areas where actual results deviate from budgeted expectations, whether in revenues, expenses, or other key metrics.
Root Cause Analysis: Investigating the reasons behind variances, such as changes in market conditions, unexpected expenses, or operational inefficiencies.

Full cycle Accounting Services

Comprehensive financial management from data entry to financial reporting, ensuring accuracy and compliance.

Transaction Recording: Recording all financial transactions from initiation to completion.
Journal Entries: Posting transactions to appropriate accounts in the general ledger.
Accounts Payable: Managing vendor invoices and payments.
Accounts Receivable: Invoicing customers and tracking payments.
Bank Reconciliation: Matching bank statements with internal records to ensure accuracy.

Budgeting and Forecasting

Strategically plan for future financial goals and challenges through detailed budgeting and forecasting processes.

Goal Setting: Establishing financial targets and objectives for the business.
Revenue Projections: Forecasting expected income based on historical data and market trends.
Expense Planning: Anticipating and allocating funds for various expenses such as salaries, utilities, and supplies.
Cash Flow Forecasting: Predicting future cash inflows and outflows to ensure adequate liquidity.

Financial Analysis and Modelling

Gain insights into financial performance and future scenarios through advanced analysis and modeling techniques.

Data Collection: Gathering relevant financial data from various sources.
Financial Ratios: Calculating and analyzing key ratios to assess financial health and performance.
Trend Analysis: Examining historical financial data to identify patterns and trends.
Forecasting: Predicting future financial performance based on historical trends and market conditions.

DRAWS preparation and submission with lender

Prepare and submit DRAWS (Direct Rollover/Transfer Withdrawal) requests to lenders efficiently and accurately.

Documentation Compilation: Gathering all necessary documents required by the lender for DRAWS (Debt Restructuring and Work-out Strategies).
Financial Statements: Providing updated financial statements, including balance sheets, income statements, and cash flow statements.
Loan Agreement Review: Reviewing the terms and conditions of the existing loan agreement to understand the lender's requirements.
Negotiation: Engaging in negotiations with the lender to reach an agreement on the proposed DRAWS plan and terms.

Internal Audit & Process Setup

Enhance operational efficiency and compliance by establishing robust internal audit procedures and optimized processes.

Risk Assessment: Identifying and assessing potential risks within the organization's processes and operations.
Control Evaluation: Evaluating the effectiveness of existing internal controls to mitigate identified risks.
Process Mapping: Documenting current processes and workflows to identify areas for improvement.
Control Design: Designing and implementing robust internal controls to address identified risks and ensure compliance with policies and regulations.
Audit Planning: Developing a comprehensive audit plan outlining objectives, scope, and procedures.

At Satva, we provide services as real estate KPO (REKPO), offering specialized accounting solutions for, Property management companies, Asset management firms, Developers and brokers. Our in-depth knowledge of Commercial real estate (CRE) sector allows us to support businesses in navigating the complexities of financial management. By leveraging advanced technology, automation, industry knowledge and structured financial workflows, we ensure that real estate businesses operate with transparency, efficiency, and accountability.

We provide Property accounting specific services on and above the typical accounting and bookkeeping services. From Acquisition accounting and Disposition accounting based on settlement statements, PPA’s and Waterfall workings to equity funds reconciliation, capital calls and distribution accounting or you want help on Investor books accounting or when we have to redraw the financials when the refinance takes place, we do it all.

Whether you need help on calculating monthly Property Management Fees, Asset Management Fees or CAM(Common Area Maintenance) or you need help on coordinating the accounting data to file 1065 tax returns, you can count on us.

Our Property Accountants will coordinate with Property Manager and Asset Manager to ensure accurate record keeping, report deliverable distribution and record changes per need/instructions.

Our financial oversight includes tracking tenant security deposits, credit card bill backs, daily rental assistance, insurance tracking, rate cap and rent deduction entries, ensuring financial clarity and efficiency

By analyzing Leasing and Rent function and Rent roll we can help you in identifying financial inefficiencies, risk areas, and fraud prevention mechanisms. By assessing the internal control framework, we ensure that financial transactions are conducted with integrity and adhere to industry standards.

Our Services

Accrual/Cash basis bookkeeping
Accounts Payables Management
Monthly Variance analysis
Full cycle Accounting Services
Budgeting and Forecasting
Financial Analysis and Modelling
DRAWS preparation and submission with lender
Internal Audit & Process Setup

How it works

Accounting is the process of recording, summarizing, and interpreting financial transactions in order to provide useful information for decision-making.

Why choose us

We are committed to providing top-notch service to our clients. We take the time to understand your business and offer customized solutions that meet your specific requirements.

Affordable &
Cost Saving

We understand every business is unique, as such we provide a customized, flexible, and affordable accounting solution. This will help you save at least 70% on your current inhouse labor & overhead cost.

Data Security & Confidentiality

We have implemented stringent security protocol to safeguard client data from any breach. We are very serious about the security and confidentiality of client data; your business data and information are safe with us.

Value based Service and long term approach

We believe in providing value based services, we achieve that by following principles like meeting deadlines with accurate and efficient work, responsive and ownership of work and timely and effective communication. This makes it more sustainable to work for a long term with mutual benefits.

Employee Management hassle

Leave your employee management hassle to us and you do not have to worry about training, recruitment, employee turnover etc.

Professional & Experienced Team

Our team of qualified, experienced, tech savvy and professional staff will elevate your business with our knowledge of best accounting and industry practices.

Scalable

Our team of dedicated and reliable staff will be scalable at short notice or for long term growth plan to help you with your business needs.