Tag: Common Area Maintenance Audit
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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 I Have a Passion for CAM Audits (Yes, Really)
I know what you’re thinking: “How could someone be passionate about Common Area Maintenance audits?” But here I am — doing exactly that, and enjoying every minute of it. This isn’t my day job. By day, I’m a CFO for a national real estate company with millions of square feet under management. I’ve been in…
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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…
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The Most Common CAM Reconciliation Errors — And Why Everyone’s Confused
If you’ve ever scratched your head reading through a Common Area Maintenance (CAM) reconciliation, you’re not alone. Whether you’re a tenant trying to understand your year-end bill or a landlord just trying to apply the lease language correctly, CAM can feel like a never-ending puzzle. As someone who has reviewed hundreds (probably thousands) of CAM…
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Why Most Businesses Never Audit Their CAM (And Why That’s a Problem)
Let’s get right to it — most businesses never actually audit their CAM (Common Area Maintenance), Insurance, or Real Estate Tax charges. And that’s a shame… because buried in those reconciliations are often thousands of dollars that might not even belong there. It’s not because tenants don’t care. It’s because there are some real barriers…
CAM Audit Services 