Blog Post

Streamlining Commercial Property Expenses for Enhanced Management

1921985 • Jun 13, 2023

Managing operating expenses is vital for successfully overseeing a commercial property. These expenses, referred to as CAM Charges, Triple Net Charges, or Expense Pass-Throughs, are specified in the lease agreement. It's crucial to handle them correctly to avoid problems and expensive errors. In this article, we will discuss how our specialized expense management division at RPS can help property owners and tenants effectively handle these expenses while maximizing savings.

Partnering for Cost Savings:

At RPS, we possess extensive experience in identifying areas for cost savings. Our expertise can help you reduce expenses, ultimately increasing your bottom line. With a dedicated division solely focused on assisting property owners and tenants with operating expenses, we offer specialized support without the need for full property management engagement. By availing our services, you gain access to a range of comprehensive solutions tailored to your needs.

Our Services:


  1. Annual CAM Reconciliations: We ensure accurate calculations and thorough reconciliation processes, ensuring compliance with lease terms and minimizing discrepancies.
  2. Creating Operating Budgets and Tracking Expenses: Our team assists in developing detailed operating budgets and implementing robust expense tracking systems. This enables effective monitoring and control of expenses, helping you stay within budget.
  3. Base Year and Expense Pass-Throughs: We meticulously handle base year calculations and expense pass-throughs, ensuring precise calculations and minimizing the risk of overpayment or disputes.
  4. CAM Audits: Our dedicated professionals conduct comprehensive CAM audits to verify the accuracy of charges. This diligent approach helps identify billing errors, reducing unnecessary financial burdens.
  5. Cost Savings Ideas: Leveraging our industry knowledge and expertise, we provide innovative cost-saving suggestions tailored to your property's unique needs. These ideas can significantly contribute to improving your overall financial performance.
  6. Lease Compliance: Our team ensures strict adherence to lease terms and conditions, mitigating compliance issues and minimizing the risk of legal disputes stemming from mishandled expenses.


Discover Efficient Expense Management:

RPS has created a division specifically designed to assist commercial property owners and tenants in effectively managing operating expenses, including CAM Charges, Triple Net Charges, and Expense Pass-Throughs. By partnering with us, you can simplify the complexities of expense management and benefit from services such as annual reconciliations, budget creation, CAM audits, and cost-saving strategies. Our goal is to alleviate the burden associated with expense management and potentially save you money in the process.


Experience the Difference:

Contact RPS today and let our dedicated expense management division provide you with comprehensive support. With our expertise and tailored solutions, you can streamline your property's expenses, minimize headaches, and optimize your financial outcomes. Trust us to deliver efficient expense management solutions, helping you achieve greater success in managing your commercial property.

 

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