40-60% Cost Savings
Flexible Staffing
Specialized Expertise
OHI is an eighteen-year-old real estate property management services company working with 120+ commercial and residential real estate developers, funds and real estate property management companies across USA. Our deep expertise in real estate accounting/property accounting, financial analysis, lease administration and asset management has helped clients cut associated costs by 40-60%. We currently provide these services to a portfolio of 200,000+ units and 10 million sq. foot across clients. Many of our clients in USA have been working with us since 2006-7!
Accounting for real estate is our forte. We invite you to experience finance and accounting outsourcing through us.
40-60% cost savings compared to in-house hired staff or onshore service providers
Property Accountants with at-least six years of real estate accounting/property accounting experience
High expertise in Real Estate software such as Yardi, MRI, Appfolio, Buildium and Onesite from RealPage
Experienced real estate accountants at every level specialized in handling multiple type of property accounting activities
Work gets done faster due to complimentary time-zone differences
Accounts Payable Specialist can perform activities such as 2 Way/3 Way matching of invoices with POs and GRs/Packing Slips, entry of invoices and utilities, coding of expenses, entering checks for further approval, tracking payables, vendor reconciliations and other miscellaneous accounts payable activities.
Accounts Receivable Specialist typically can perform activities such as invoicing, running rents (for real estate cos.), tenant/customer set-up and accounting, late fee processing, rent receipting/cash application services, tracking receivables, email and call based collection support, and miscellaneous accounts receivable tasks.
Property Accountant can provide the following accounting services- General ledger accounting, payroll, bank reconciliations, inter-company accounting, monthly closing of books including finalization and simple monthly reporting with variance analysis.
Sr. Property Accountant can provide the following services- General ledger accounting, cash flow projections and management, inter-company accounting, prepare budgets, analyze expense variances, review balance sheets, prepare monthly financials including detailed monthly reporting and assist Controller in month/year end activities.
Financial Analyst is a specialist profile used for financial modeling, business plan formulation, business research and financial analysis assignments. They are responsible for preparation of project reports, financial modeling, management reporting, analysis of financial statements, simple valuations and other custom tasks.
Lease Administrator have experience in lease abstraction, lease administration, real estate accounting (including CAM reconciliation) with exposure to residential and commercial leases. They are well-versed with CAM reconciliation and are familiar with various leasing terms and clauses.
We have deep experience in real estate accounting across different types of real estate properties and also across different real estate players in the real estate value chain.
Experience Based on Property Type
We specialize in handling accountancy for single-family homes, multifamily apartments, condominiums, super markets, low income housing projects, student housing, assisted living centres and retail centres and commercial properties. We are having deep real estate accounting experience across small (<200 units), medium (200-10,000 units under management) and large (10,000-100,000 units under management). Please refer our property management service section for a detailed list of services.
Experience Based on Type of Real Estate Companies
Our accounting experience covers the entire range of real estate players across the value chain. We provide real estate accounting services to real estate agents/brokers, property management companies, owners, condominium associations and real estate investment trusts. Our rich experience helps us to provide expertise across the entire range of accounting functions with minimal learning curve. We are also able to provide custom accounting reports to meet information and reporting requirements of important stakeholders such as banks, investors, customers and of-course the property management companies themselves.
Experience Based on Type of Real Estate Accounting Software
We have reliable experience across most popular real estate accounting packages across Accounts Payable, Tenant Management, General Ledger, Disbursement/Banking and Reporting modules. We have good experience across most real estate packages such as Timberline, Yardi Genesis and Voyager, Appfolio, MRI, Spectra, QuickBooks, RealPage Onesite among others. For more details, please refer our property management service section for a detailed list of services.
Experience Based on Type of Geography
We have clients in real estate sector across USA and Canada – California, New York, Texas, Florida, Georgia, Ohio, Colorado, Kansas, Pennsylvania, Oregon, Washington, Massachusetts, Illinois, British Columbia, Ontario and more.
Our Property Accountants can easily handle most aspects of property accounting including rent roll, tenant lease management, utility bills and bill backs, accounts payables & vendor management, reconciliations (bank, merchant account, credit card, escrows, mortgages) contractual and sub-contract accounting, monthly closing, month operating report preparations, replacement reserve forms, CAM reconciliations, year-end finalization and detailed management reports including dashboards. We also perform non accounting activities such as craig list postings, tenant feedback surveys, maintenance work order creation and tracking and many other miscellaneous activities. We also have good experience in preparing investor and bank related documents.
We offer you the level of experience and expertise you should seek from any accounting outsourcing company you hire. We have junior accountants who handle transactional accounting activities like accounts payable. We also employ senior accountants who perform property accountant tasks such as escrow reconciliations, month end closing, and preparation of monthly reports. We can provide you references of our other existing clients similar to your business, for a complete practical idea about our services, property accountants and professional team.
Our dual expertise and specialization in Real estate sector and in accounting helps us provide an unparalleled expertise in real estate accounting outsourcing. There are few service providers who can match or excel our range of real estate clients geographically, across different software platforms and types of property management companies. We are a one stop destination site for real estate accounting services. Please refer our property management services section.
Additionally our robust infrastructure, emphasis on data security, highly qualified accounting staff, unique training and evaluation practices and unrelenting focus on quality makes us the right choice for your company. The strength and reliability of our value proposition is validated by high longevity of our outsourcing contracts. Most of our clients have been working with us for many years (some since inception of the company).
It depends upon the process requirement e.g. for a small real estate firm we can start the process immediately. In case of large firms, there is a detailed migration and scaled up plan drafted by our transitioning team typically followed by or performed simultaneously with a pilot phase. The pilot phase typically lasts from one-two months. Most clients are able to complete the transition and handover in a period of three months.
This depends on the nature of the processes and scale of operations. Most small clients prefer an outright replacement as the underlying complexity and scale of operations are limited. The larger clients typically may retain a senior accountant to supervise the entire operations, transfer funds, and coordinate with banks.
Most Association and/or Property Management companies try to be a one-stop shop for the Associations they manage. Many management companies do not have accounting staff with graduate degrees OR the extensive experience needed to properly handle the accounting. Additionally, we can help clients save 40-50% on their accounting costs through outsourcing.
