Service
WE DO
Been our bread and butter; initial offering of the company and the revenue contributor. We have worked on various facets of abstraction – ranging from abstracts to facilitate acquisition, set-up in database, audit of existing pertinent information, extract data in ai based application, extensively involved in telecom sector with framework, tenant and ground lease agreements. While, CRE is expected to be office, retail and industrial – we have vast exposure to other towers like storage, parking, easement and license agreements.
Take time and understand the intricacies of the platform / software / property management system; understand it is for tenant or landlord and then set it in such a way the data facilitates the end user in decision-making. Discuss with client on consistency norms for acquisition set-ups; set the nomenclature for system level and property level in order to streamline the lease level set-up. When others take it up as copy paste / data entry from excel / word abstracts to the system.
Broad segments may be translation and abstraction. Our model arrives by using proprietary tool to translate, proof-read by resources having knowledge in real estate terminologies; again based on the cost sensitiveness of the client, restrict proof read to sections required for abstraction and then process for abstraction. Abstractors act as QC’ers to the translated content – thereby bettering the product at each stage and refine it to the fullest.
Use proprietary tool to translate, proof-read by resources having knowledge in technical terminologies. The proof-readers will form the basic library for the respective language to ensure consistency in translated content.
CAM refers to Common Area Maintenance, and the process ensures Landlord gets reimbursed for the upkeep and maintenance of the Building. CAM billing is important to ensure optimal conditions for the common areas. It plays a pivotal role in ensuring proper functioning while attracting foot falls to the businesses within the Property, if Retail.
CAM reconciliation, or CAM billing, is also known as Year-end reconciliation or billing. It is referred as Year-end billing since it also includes insurance and real estate taxes as well. These common areas refer to spaces other than the leased area – elevators, staircases, parking lots and the like. The list of expenses include services ranging from landscaping, repairs, garbage disposal, and janitors. CAM billing can be leveraged to ensure money is adequately spent by both tenants and landlords.
Even though it looks straightforward – Landlords can apply (higher) Fixed PRS, minimum lease limit, Gross-up, exorbitant Management fees and apply Box Tenant concept of carve-outs while Tenants may have negotiated base year, exclusion, (lower) PRS, CAP and exclusion from few expenses.
CAM reconciliation presents great chances to boost the ROI – since, it is the 2nd largest revenue for the Landlord. You need to leverage these agreements with the help of professional consultants
Backward integration: During any migration of Property management system or during acquisition of Portfolios; we are involved in setting up the recovery based on the Lease language and the immediate prior year billing.
CAM Billing: Once the book of accounts is final for a respective year; we take up the billing. It may be either in excel spreadsheets or if recovery is already set in Property management system, will validate and generate the billing.
Forward integration: We have come across situation like Landlord’s Property Accountant or the Property Management Company’s Accountant would have prepared the billing and it is assigned to us for review – thereby, ensure accuracy in order to gain Tenant relations. Property Management Company’s billing is assigned to us by Landlord to review. Nonetheless, we take up dispute resolution on behalf of Landlord / Property Management Company. Tenant’s who have more branches have resorted to us for auditing the CAM statement and we come up with discrepancies that have huge monetary impact.
Not a random check; it is two-way reconciliation of presenting the analysis as per the summary reports and as per the lease agreement. Recovery abstract is the value-add; discrepancy is provided with a monetary impact analysis and direct the change to be performed to clear the mistake. Taken up as a service to tenant for the past data in order to claim excess / tenant specific items charged by landlord. Exposed to taking the role on behalf of landlord to resolve items disputed by the tenant-end. These are not spreadsheet work but detailed audit discrepancy report that is presentable to the ‘C’ suite.
It is viewed as reviewing another person / another company’s work. Wherein, we consider the object is to wear the hat of an independent body who inspects with the domain eye to not only spot errors; but to come up with fine-tunes and the best of approach to defend the technical stand on the legal front. Observations are categorized as monetary / non-monetary; attach the period as past or current and tabulate the reason for the lapse as missing / incorrect / irrelevant.
The set-up is done after forming the structure at system, property and recovery pool level. Creation of minimum pools, better utilization of pools with very minimal account level adjustments and to suit any upcoming situations like property segments within the same building complex. Billing is performed and audited against the spreadsheet or old property management system’s report in order showcase the efficiency of the set-up.
Migration is part and parcel of the industry; it leads to sophistication – extreme care is warranted in the movement of Dates and Dollar. Knowing the background of the Property Management System; we have the knack of picking the outliers, direct the fixes required and ensure clean data for smooth UAT. A fix in one area might affect another or an item may not be of any implication now – but will result in future, Industry and Software exposure both comes handy in the right-mix for us to tackle the same.
Populating data from various spreadsheet after checking for fitment; usage of technical know-how in updating database either directly or through on-boarding templates, after thorough analysis and understanding of the upload rules or niceties. Ensure to avoid duplication, highlight deviations, bring-in the domain and showcase the difference of knowledge processing rather than mere data processing.
We help our clients in financial due diligence process by preparing rent rolls, cash flow modelling Using excel and argus software, property valuation using discounted cash flow (DCF) method & Direct capitalization method, balance sheets, scenario analysis, debt analysis and return analysis. Our experienced analytics team has delivered due diligence services successfully across the globe. We support our clients during acquisitions and dispositions by preparing cash flow models and structuring debt. We maintain cash flow in argus enterprise based on latest rent rolls and leases. We run portfolio analysis and provide valuation support.
With our expertise in asset management, we have increased income and reduced operating costs for all assets under management. We have maintained cash flows up to date to get the clear picture of the value of properties. We run exit analysis every month which helps our client to take decisions like ‘hold or sell’. We always look for value increasing opportunities by checking debt-equity ratio, renovation opportunities, replacing tenants, etc.,
WHO WE SERVE
PARTIES
Landlord
- Ongoing Lease and Amendment set-up
- Suite Reconciliation
- Year-end billing
- Monthly rent-up
- One-off billing - Utilities, Percentage Rent
Tenant
- Lease set-up
- Accounts Payable
- Desktop Audit
Brokers & Consultants
- Lease Abstracts
- Tape-form abstracts
- Presentation Rent Roll
- Estoppel Certificate
- Mortgage Reconciliation
Property management software (SaaS) providers
- Data aggregation and cleansing
- Migration & validation of data
- Customer support
WHAT YOU REQUIRE
- Abstraction
- Audit
- Data Extraction
- Year-end billing
- Translation
VALUE-ADD THAT WE DELIVER
- Discrepancy with Rent Roll
- Monetary impact
- Leakage Analysis and Year-on-year variance
- Cleanse the data
- Taxonomy
Benefits of Using Our Services
Optimised Efficiency
Customised Solutions
Cost Savings
WHY CHOOSE US?
Business continuity well established with pan India presence of resources
We provide exclusive value added services to our Clients