- 1.
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- Prepare and present the property's "story" in laymen's terms
to the property owners at the monthly Owner's Meeting.... "Where
has the property been and where is it going...without a lot of accounting
mumbo-jumbo."
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- 2.
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- Develop a Financial Expectations Summary which communicates
the current expectations for the property, through year-end, as compared
to the original plan.
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- 3.
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- Understand the key activities that occur throughout the month at any
given property with emphasis on how these activities affect cash, as well
as how to communicate this activity among owners, management and accountants
through the use of Flash Reports and Financial Expectation Updates.
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- 4.
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- Communicate balance sheet activity which affects cash. "Reading"
a balance sheet is critical to the management of real estate.
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- 5.
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- Communicate the year-to-date operating activities which caused a variance
in cash from plan and why.
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- 6.
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- Develop an investor's perspective on "cash" and "taxes".
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