- Financial record-keeping: Maintain accurate records of income (e.g., rent, sales commissions) and expenses (e.g., property maintenance, taxes, salaries).
- Financial reporting: Prepare monthly, quarterly, and annual financial statements, such as balance sheets, income statements, and cash flow statements.
- Tax and compliance: Handle tax filings, depreciation schedules, and ensure compliance with local and national property regulations.
- Transaction support: Facilitate property purchases and sales, including managing the payment process and related documentation.
- Asset and cash management: Track and reconcile property-specific costs and manage cash flow to ensure the financial stability of projects.