Key Takeaways Investors may compare regular reporting packages to tax forms, such as a K-1. If the comparison shows discrepancies, investors may feel compelled to question the sponsor’s accounting procedures. Addressing investor concerns often requires time-consuming ad hoc reporting and explanations, which can divert resources away from higher-value activities. Private equity real estate firms can … Read more
Key Takeaways: Offboarding a portfolio property involves removing the asset from active management while maintaining key data for historical and operational purposes. The offboarding function is most commonly used when a property is sold or transferred to a different management company. Offboarding and tenant move-out processes serve distinct purposes in property management software, and sponsors … Read more
Key Takeaways Transitioning from general accounting software to property accounting software often becomes necessary when the property portfolio reaches a critical mass. Onboarding to a property accounting software system comes with hidden complexity that can leave sponsors understaffed if not planned for in advance. Prior to kicking off the implementation process, it is important to … Read more
