Real Estate
Why Liquidity is Vital in the Real Estate Industry – Especially in Pandemic
The phrase “cash is king” may be cliché, but it’s well-worn for a reason: In
Menu
Partner with an expert accounting team that understands the Property Accounting, Fund Accounting, Corporate Accounting needs of real estate companies
Partner with an expert accounting team that understands the Property Accounting, Fund Accounting, Corporate Accounting needs of real estate companies
The accounting and finance landscape for real estate companies can be challenging. Handling complex lease accounting standards, multiple valuation methods, depreciation and capitalization costs, and tax compliance all need careful attention to detail.
At Scrubbed, we understand the unique challenges of this industry and know that outsourcing makes sense for businesses that rely on accurate financials for making investment decisions, raising capital, and managing property assets effectively.
Outsourcing with Scrubbed means you’ll have access to up-to-date financial, tax, and forecasting information. Our financial and accounting know-how provides the support you need to make more strategic investment decisions, manage existing properties more effectively and develop exit strategies that achieve your goals.
The accounting and finance landscape for real estate companies can be challenging. Handling complex lease accounting standards, multiple valuation methods, depreciation and capitalization costs, and tax compliance all need careful attention to detail.
At Scrubbed, we understand the unique challenges of this industry and know that outsourcing makes sense for businesses that rely on accurate financials for making investment decisions, raising capital, and managing property assets effectively.
Outsourcing with Scrubbed means you’ll have access to up-to-date financial, tax, and forecasting information. Our financial and accounting know-how provides the support you need to make more strategic investment decisions, manage existing properties more effectively and develop exit strategies that achieve your goals.
Outsourcing allows you to access the specialized accounting and finance services you need when you need them. Whether you need financial reporting and accounting support on one investment or complete outsourcing of your accounting, financial, and tax needs across the whole portfolio, our services are designed to scale and meet your specific needs.
Outsourcing allows you to access the specialized accounting and finance services you need when you need them. Whether you need financial reporting and accounting support on one investment or complete outsourcing of your accounting, financial, and tax needs across the whole portfolio, our services are designed to scale and meet your specific needs.
Annual budget support and preparation of budget variance analysis report.
Fund accounting support (capital call and distribution calculation and notices preparation, waterfall/promote calculations, PCAP preparation).
Preparation of financial reports to investors, lenders, and management, including consolidation.
Intercompany transactions tracking and reconciliation.
Common/corporate expenses tracking and allocation
Analyze financial instruments and assess expected credit loss model in accordance with ASC 326/IFRS 9
Analyze lease contracts analysis in accordance with ASC 842/IFRS 16
Assist in adoption of other complex emerging standards
Conduct an audit readiness program – planning, execution, and completion
Facilitate Financial Statement conversions between accounting frameworks (e.g. Local GAAP to US GAAP, IFRS to US GAAP, and vice versa)
Conduct an IPO readiness program
Account and report impact of significant unusual transactions
Support in transaction structure, including contract consultancy (acquisitions and readiness)
Assess ESG preparedness in terms of dealing with GHG emissions, value chain and other stakeholder concerns.
Account and report ESG-related assets and transactions.
Establish ESG policies and procedures in compliance with sustainability standards.
With Scrubbed, you can outsource services to meet changing or increased demands. Our team also includes corporate finance, tax, technical accounting, and cybersecurity experts.
Finding and keeping a team of experienced accountants can be challenging. Scrubbed is designed to accommodate staff changes so turnover won’t impact your business.
Scrubbed understands the unique accounting, tax, and finance needs of the real estate business. We provide expert support and the latest accounting and finance technology, tailored to your world.
We know that investor information can be sensitive. We are SOC2 certified and take the utmost care to protect the privacy of your data.
Let’s talk about your real estate business and how Scrubbed can help improve the accuracy of your financial reporting, property management, and investment decisions.
Let’s talk about your real estate business and how Scrubbed can help improve the accuracy of your financial reporting, property management, and investment decisions.
At Scrubbed, we’re committed to providing top-notch support to the companies that partner with us. We know the information we produce is important to your success, and we work hard to ensure you have what you need to make smart decisions for your business. That’s why we take the time to thoroughly understand your business and become an integral part of your team. As a provider of accounting and finance services to real estate businesses, we prioritize critical areas including ESG, capitalization and depreciation, transaction support and cost segregation. All while helping you stay compliant with the tax and security regulations governing your business.
Unlock the Value of Your Real Estate with Outsourced Accounting and Finance
At Scrubbed, we’re committed to providing top-notch support to the companies that partner with us. We know the information we produce is important to your success, and we work hard to ensure you have what you need to make smart decisions for your business. That’s why we take the time to thoroughly understand your business and become an integral part of your team. As a provider of accounting and finance services to real estate businesses, we prioritize critical areas including ESG, capitalization and depreciation, transaction support and cost segregation. All while helping you stay compliant with the tax and security regulations governing your business.
Want to learn more about our services or meet more of the Scrubbed Team?
Want to learn more about our services or meet more of the Scrubbed Team?
The phrase “cash is king” may be cliché, but it’s well-worn for a reason: In
You studied hard to pass the Sales Persons’ or Brokers’ course. You got your license
With more than 7 years of experience in the accounting profession, Michael John David has developed expertise in end-to-end property, fund, and corporate accounting of real estate clients, as well as audit and tax support services. Before assuming his current role as Director at Scrubbed, he served as an Audit Associate at P&A Grant Thornton. Michael graduated Summa Cum Laude with a Bachelor of Science in Accountancy from Holy Angel University, where he was also a board exam topnotcher in the 2015 CPA examination. Michael is also a licensed Certified Forensic Accountant (CrFA) and recently completed a Program Diploma in Business Management and Mini-MBA Diploma from the International Business Management Institute in Berlin, Germany. When not working, Michael enjoys exploring different neighborhoods and finding cozy cafes to relax in. He also stays active by engaging in activities such as badminton, volleyball, jogging, and connecting with nature.
Want to learn more? Let’s discuss how we can help by managing your day-to-day accounting needs or taking on a larger financial management role, so you can continue to focus on maximizing ROI from your real estate interests.
