Financial Services

Experience

BPI employs a talented team with many years experience in multifamily financial reporting and analysis.

• We take pride in meeting high standards that far exceed widely accepted practice in the multifamily industry. BPI prepares Financial Statements using Generally Accepted Accounting Principles (GAAP) as established by the Financial Accounting Standards Board (FASB).
• Our record keeping systems are ‘audit friendly’; always open and available to the client, yet secured, preventing unauthorized access or use.
• We employ cutting-edge information systems throughout all aspects of the business - systems that prevent fraud, reduce expenses, and that automatically record the transactions and events of each business day.

Services

BPI’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 - need timely, accurate financial summaries for making informed decisions, however those needs can vary. Therefore, we won’t send out “canned” reports. Instead, we assess each owner’s unique requirements and provide a customized reporting package that best suits his particular situation. In addition, we are able to design reports which coincide with what the client is currently receiving. Our information systems enable us to easily adapt reports and other deliverables, thereby increasing the efficiencies of our clients.

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

The BPI Financial Services Team: Financial Vision & Accountability - Excelling in Customer Service