For-profit owners are able to have surplus cash distributed to them. Money that is taken from the replacement reserve account and transferred back into the operations account, in order to pay the bills for capital expenditures and replacements that have occurred. The withdrawals from the reserve account must be allowed and approved by the regulatory agency. An apartment which has been dedicated to a specific use, that does not generate any rent. The most common type of NRB unit is one given to a custodian or manager of the property and is also referred to as a concession. A differential between the budgeted amount and the actual amount that is better than what was expected , and is favorable to the owner; i.e. when income is over budget or when an expense is under budget.

Meghan joined RPA in the fall of 2007 and now manages a portfolio of residential rental properties ranging from private residential homes to multi-family complexes. Judith Arguello is an administrative assistant in our property management department. Ashley Lyashenko is an assistant property manager who deals in various types of properties throughout the Tacoma area. In 2017, Katie received a Masters in Information Technology from UGA after working several years on Landmark’s technology-related projects. She now serves as Landmark’s Vice President of Technology Services. In her current role, Katie handles all technology initiatives for Landmark including telecommunications, business intelligence and managing third party IT relationships.

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Barbara came to RPA in 2014 with over 25 years of property management experience. Within Barbara’s business career, she has focused primarily on HOA’s and commercial properties… https://www.projectpractical.com/accounting-in-retail-inventory-management-primary-considerations/ Janelle graduated from Mississippi State University in 2013, where she earned her Bachelor’s degree in Business Administration, emphasizing in Marketing, Management & Finance.

Before joining Landmark, Jason was the Director of Finance for Place Properties. Prior to entering the student housing sector, Jason worked in the real estate finance sector as an Investment Officer at Merrill Lynch Capital and began his career as a Credit Analyst at Regions Bank. She joined the CR Bookkeeping team in 2020, and has been studying and doing bookkeeping services for several years now. She received a BS in Accounting from Grand Canyon University in the spring of 2021.

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A report showing the Income that the property receives in relationship to the Expenses of the property and the difference between the two, which is Net Operating Income. It is sometimes called a “profit and loss” statement, or a “monthly report.” The report also shows the current month budget vs. actual performance, as well as year-to-date. A written agreement between the owner of the property and the regulatory agency which specifies the amount of subsidy that will be paid to the property over a period of time. The twelve month period of time upon which the property’s financial records are kept. Reports that summarize the impact of financial transactions that have occurred over any given period of time, and which show the current financial status. A report representing the long term, usually 20 years or greater, projection of the physical needs of a property.

She has spent the last few years in Texas as a supervisor for GAT Airline Ground Support before returning to Wilmington. Her past experience in accounting includes payroll, accounts payable, accounts receivable, management, handling sensitive financial data, inventory, credit card audits and financial reporting. Founded in Phoenix in 1986, Arcadia and its 150 professionals provide property management, property accounting services, and project management to over 60 million retail accounting square feet of office, retail, and industrial properties in 24 states. Although Dominick was born in Seattle, Washington, his property management experience has taken from Charleston, South Carolina to Atlanta, Georgia to the Bay Area, California! When not managing properties in the East Bay, he loves spending time with friends, searching for the best views of the city. On Sunday mornings, you can typically find Dom outside doing something active with his pup.