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Updated 2 months ago, 09/16/2024

User Stats

249
Posts
133
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H. Jack Miller
  • Lender
  • Boca Raton, FL
133
Votes |
249
Posts

Property Management Question- Accounting

H. Jack Miller
  • Lender
  • Boca Raton, FL
Posted

Is there a need for accounting and limited property and CAM management on commerical properties?  

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10,010
Posts
4,828
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Andrew Syrios
Pro Member
  • Residential Real Estate Investor
  • Kansas City, MO
4,828
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Andrew Syrios
Pro Member
  • Residential Real Estate Investor
  • Kansas City, MO
ModeratorReplied

If there are common areas in the commercial property, then sure you would need to do the accounting regarding who pays what and what's collected among the various tenants. 

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27,294
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40,159
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Nathan Gesner
Property Manager
Agent
Pro Member
  • Real Estate Broker
  • Cody, WY
40,159
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27,294
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Nathan Gesner
Property Manager
Agent
Pro Member
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @H. Jack Miller:

Is there a need for accounting and limited property and CAM management on commerical properties?  

Are you asking if there is demand for software? I believe so. There are software platforms available now.

  • Nathan Gesner
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The DIY Landlord
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Baselane is the Ultimate All-In-One Banking Platform for REI Built with integrated rent collection & bookkeeping to save time so you can grow your RE business.

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Adam Bartomeo
Property Manager
Pro Member
#2 Managing Your Property Contributor
  • Real Estate Broker
  • Cape Coral, FL
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Adam Bartomeo
Property Manager
Pro Member
#2 Managing Your Property Contributor
  • Real Estate Broker
  • Cape Coral, FL
Replied

Are you talking about Multifamily, retail, industrial?

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Bartomeo Property Management
4.7 stars
90 Reviews

User Stats

249
Posts
133
Votes
H. Jack Miller
  • Lender
  • Boca Raton, FL
133
Votes |
249
Posts
H. Jack Miller
  • Lender
  • Boca Raton, FL
Replied
Quote from @Nathan Gesner:
Quote from @H. Jack Miller:

Is there a need for accounting and limited property and CAM management on commerical properties?  

Are you asking if there is demand for software? I believe so. There are software platforms available now.


 Yes -plenty of software, but getting good people who know what they are doing is another thing.. 

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1,279
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620
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Simon W.
Tax & Financial Services
Pro Member
  • Real Estate Consultant
  • Lehigh Valley PA & New York City
620
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1,279
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Simon W.
Tax & Financial Services
Pro Member
  • Real Estate Consultant
  • Lehigh Valley PA & New York City
Replied
Quote from @H. Jack Miller:
Quote from @Nathan Gesner:
Quote from @H. Jack Miller:

Is there a need for accounting and limited property and CAM management on commerical properties?  

Are you asking if there is demand for software? I believe so. There are software platforms available now.


 Yes -plenty of software, but getting good people who know what they are doing is another thing.. 

I am unclear what this post is asking for.

There are definitely a need for accounting and CAM management. Yardi Voyager offers it and since it is commercial properties, Yardi kind of taken this market. Not many accounting and PM software do this but any accountant who understands PM and CAM will know what to do.

I've done my fair share of CAM recs. 

  • Simon W.