Tag: Budget
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Best Practices for Property Accountants to Get CAM and Passthrough Charges Right
For property accountants, getting Common Area Maintenance (CAM) and other passthrough charges right isn’t just about the numbers—it’s about protecting tenant relationships, maintaining compliance, and ensuring accurate financial reporting. When done incorrectly, CAM reconciliations can lead to disputes, delayed payments, and potential legal trouble. When done right, they preserve trust and streamline the financial management…
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Why a Good CAM Budget Isn’t Just Helpful — It’s Essential
Let’s talk budgets — specifically, CAM budgets. They’re not the most exciting thing in the world (unless you’re me), but if you’re a landlord or property manager, getting your estimated CAM billings right can be the difference between a smooth year… and an awkward, frustrating year-end reconciliation filled with tenant complaints and collection headaches. Tenants…
