Our Services
When someone takes the major step of purchasing or investing in real estate property, including apartments or an office complex, they build their team featuring lawyers, a broker and investors which address the needs of the property as an object. Too often the immediate and longterm financial aspects of property ownership are either downplayed or even overlooked. This opens the door to a negative impact on an investment's growth. It's easy to believe that all of the financial matters associated with property ownership can be done by one's self. This often leads to missed filings and reports, a lack of organization when the planned and unplanned overtake an owner and lost income when the terms of leases and contracts become too many for one person to manage.
We Watch Your Financial Back
Vista Property Management utilizes efficient high-tech operating systems, including Yardi Voyager and Yardi Genesis, which maintains and streamlines operating costs while always ensuring quality and efficient results. Our system provides real time information and enhances action plans for day-to-day management as well as longer term focused
accounting purposes. A detailed budget analysis and understanding of the generated financial statements are among the tools the on-site team will possess in order to achieve the financial goals of the owner. The systems and programs, such as Yardi Voyager and Yardi Genesis, utilized by Vista Property Management also makes significant and lasting turnarounds much more possible.
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Adel Rafael, founder & CEO of Vista Property Accounting brings more than 23 years of experience in the commercial real estate & financial arenas to the executive team at Vista Property Management's Accounting Division.
Prior to founding Vista Property Accounting, Mr. Rafael utilized his real estate expertise at RE/MAX Olson & Associates. There he brokered deals on a variety of properties including apartment complexes, medical buildings & restaurant spaces.
Before RE/MAX, Adel worked as the Controller & CFO for Beverly Hills headquartered Orangefair Company, an operator of predominately retail based properties including Regional Shopping Centers, where he was instrumental in increasing the company’s assets from $100 million to $280 million & from 900,000 square feet to 1,750,000 square feet of retail space with an average 92% occupancy rate.
During the 12 Years that Mr. Rafael spent at the Orangefair Company he supervised a two year transformation of Orangefair Market Place from a run down center, to a trophy center that was anchored by Circuit City, Burlington Coat Factory & many other leading retailers.
He has also worked at Kenny Nomura Corporation & began his career at Coldwell Banker. In 1986 Mr. Rafael attended received a Bachelor of Arts in Accounting. He became a RE Broker in 2008.
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Compliance
Our on-site staff is fully trained and experienced in all aspects of required compliance reporting to local and state monitoring agencies as well as lenders and owners. The laws, statutes and timetables are always being amended and changed. New regulations, along with existing, can be challenging to understand and open the door to penalties caused by confusion. Vista Property Management's accurate and timely financial reporting eliminates all concerns and will provide a full understanding of the financial status and potential of any property.
Compliance requirements consist of, but are not limited to, the following:
- Monthly and annual reporting
- Establishing income and set aside requirements
- Monthly monitoring of files
- Training of on-site personnel
- Monitoring of utility allowances
- File copy storage at corporate office
Reporting
Vista Property Management provides comprehensive financial reporting to owners, asset managers, external advisors, banks and government units or agencies in a timely manner with a full accurate compliance of all laws and regulations. Our on-site staff can provide regular weekly as well as monthly financial reports for owners and corporate overseers which detail:
- Balance Sheet
- Income and Expense Statement vs. Budget
- Variance Analysis
- 12 month Income and Expense spreadsheet
- Detailed General Ledger
- Month-to-Date check register and deposit summary
- Summary of rent and fees collected
- Aged Accounts payable and receivable details
- Trial Balance
- Bank Statement Reconciliations
Vista Property Management’s reports detail and explain a property's financial structure and status that assists our clients in maintaining and strengthening their business model and opertaions for their investment properties. We work to gain a complete understanding of the objectives, goals and needs of each client. Our use of the most advanced systems, such as Yardi Voyager and Yardi Genesis, provide the required accuracy. Whether it's to maximize cash flow in the short run or use cash flow to reposition a property for future appreciation, Vista Property Management has the experience and knowledge to create a custom specific plan and program for each of our clients. Our objective is to enhance investments while at the same time creating a lasting stability.