Description

In this episode, host Glenn Dunlap is joined by Kenya Brooks, a partner at Saville CPAs and Advisors, to discuss the unique challenges and opportunities in property management and development accounting. They explore key metrics to monitor financial statements, the impact of economic trends on the real estate industry, and strategies for navigating client relationships during both prosperous and challenging times. Kenya also shares valuable insights from her 25 years of accounting expertise and her experience growing Saville's client accounting services practice.

• (00:00) - Best Metrics for Property Management and Development
• (00:49) - Guest Introduction: Kenya Brooks and Her Career Journey
• (01:47) - Saville CPAs and Advisors Overview
• (03:30) - Saville's Culture and Values
• (04:55) - CAS Practice at Saville
• (06:06) - Challenges and Growth in CAS
• (11:19) - Real Estate and Property Management Metrics
• (15:22) - Budgeting and Financial Planning
• (21:33) - Maintenance, Repairs, and Capital Improvements
• (25:18) - Rules of Thumb for Repairs and Maintenance
• (27:28) - Occupancy Rates and Market Trends
• (29:04) - Challenges in Commercial Real Estate
• (32:19) - Balance Sheet Insights for Property Management
• (35:52) - Receivables, Payables, and Cash Flow
• (41:51) - Impact of Interest Rates and Equity
• (49:41) - Tax Strategies and Revenue Opportunities
• (51:57) - Final Thoughts and Advice for New Advisors

Connect with Kenya Brooks
LinkedIn
https://savillecpa.com/team/kenya-brooks

Connect with Glenn Dunlap
LinkedIn

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