top of page

Financial Management

Prior to the commencement of each financial year a budget is prepared with the objective of optimising net income and capital gain of the property, this is provided to the client for discussion and approval or amendment as required.  Variances to this budget are reported monthly to the client, and outgoings reconciliations are completed by Milestone Property Management within three months of the end of the financial year. 

Rent is collected and payments of invoices are made on behalf of the clients with distribution of net funds to the client monthly. 

In preparation of the budgets, outgoings costs are compared with a database - comparing rates for each building.

Net income summaries in both cash and accrual form are provided to the client on a monthly basis to ensure efficient monitoring of finances. 

Maximising Income

Milestone Property Management concentrates on maximising the net income of all assets under management, ultimately delivering maximum value and cash flow to clients.  Regular market research is undertaken to ensure that all market reviews are maximised, and are well substantiated and evidenced.  Income is further maximised through enhanced efficiencies which translates to minimised costs. 

 

Sustainable Solutions

In house access to both Green Star and NABERS accredited professionals assists in recognising potential value add in sustainability design as well as meeting environmental disclosure requirements.

Risk Management and Cost Control

​Strategic risk profile reduction is achieved through tenant retention, considered lease negotiations, careful monitoring of arrears and efficient capital works management.   



 

Occupational Health and Safety

Milestone Property Management has a stringent workplace health and safety management plan for properties under management.  A Government registered Work Place Health & Safety Officer is employed fulltime, which assists in identifying and resolving hazards, ensuring reporting to the appropriate levels is undertaken and ultimately reducing risk to clients.   

Reporting and communication​

Quality financial and operational written reports are provided monthly, and efficient communication is maintained at all times. 

The written monthly reports contain:

  • Net Income Summary (in both cash and accrual methods)

  • Commentary on any variances to budget

  • Receipts and payments for the property for the month

  • Arrears summary and commentary on action taken

  • Operational issues or comments

  • Commentary on upcoming requisite capital works

  • Rent review register and commentary on reviews when undertaken

  • Public liability insurance register

  • Bank guarantee register

  • Contract register

 

bottom of page