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Financial Reporting 

 

 

FINANCIAL REPORTING IS AN INTEGRAL PART OF MANAGING YOUR PROPERTY TO MAXIMIZE ITS VALUE.

Morlin's team of experienced and knowledgeable property controllers is dedicated to work in tandem with the property manager to provide timely, accurate and complete financial reporting of your property.

PARTNERING WITH THE CLIENT

  • We clearly define the goals for the property, establish criteria and review assumptions before developing the annual budget or forecasting income and expenses.
  • Forecasting is provided throughout the year to ensure your property is positioned for success.

SYSTEM OF CHECKS AND BALANCES

  • Two property controllers are assigned to each property and both controllers are knowledgeable of the detailed financials of the property.
  • To ensure the accuracy of reporting, the alternate controller verifies the results of the primary controller.
  • The alternate controller is able to immediately assume the duties of the primary property controller as necessary to ensure the timeliness of the reporting.

INDIVIDUAL ACCOUNTS FOR EVERY PROPERTY Morlin establishes separate bank accounts tailored to each property.

  • Each account is structured to meet the needs of the property and owner.
  • Interest earned from each account is returned to the bottom-line profits of the property.
  • We provide each owner with full disclosure of building operations and all banking activity is clearly detailed on our monthly reports.

CUTTING-EDGE ACCOUNTING SOFTWARE

  • Using one of the industry's premier accounting systems, we can easily adapt to virtually any requirement.

REPORTING

  • Reporting for each property is tailored to meet the owner’s specific needs.
  • Reports can be provided on a cash and/or accrual basis, as applicable to the property.
 
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