Block Multifamily Group

Property PhotosFinancial Services

Reporting and Analysis

  • Financial Statements using Generally Accepted Accounting Principles (GAAP) as established by the Financial Accounting Standards Board (FASB).
  • Our record keeping systems are audit-friendly with 24/7 client access, yet secured, preventing unauthorized access or use.
  • We employ cutting-edge information systems that prevent fraud, reduce expenses, and that automatically record the transactions and events of each business day.

Services
BMG's standard services include:

  • Preparing annual budgets and other comprehensive financial plans
  • Full accounting of income and expenses
  • Maintaining accounts receivable, ensuring correct resident billing
  • Monitoring resident collections, vendor income, mortgage/insurance/tax rebates, and replacement reserve
  • Tracking purchasing activity, ensuring adherence to budget and policy
  • Centralized accounts payable, includes processing vendor 1099s
  • Administering payroll, ensuring compliance with local, state, and federal requirements
  • Maintaining required insurance, ensuring risk management, and proper loss controls

Custom Reporting
Both owners and managers are provided personalized monthly financial summaries that are unique to the customer’s requirements.  Our information systems enable us to easily adapt reports and other deliverables which will ultimately increase the efficiencies of the clients we serve.

  • Financial Statements
  • Collections and delinquency
  • Cash flow distributions
  • Rent Roll and unit availability metrics
  • Rent schedule and history
  • Turnover costs