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Compliance and Accounting

Compliance

Compliance is an ever-changing field and Real Estate Equities has invested to build a team of compliance experts. Our team is abreast of this changing environment, so you don’t have to worry about it. Our best-in-class solution includes the management combination of staff, training, technology, education and process. We are recognized leaders in apartment compliance for St. Paul and are a part of the Minnesota Multi-Housing Community.

These are some of the benefits we bring to every Compliance engagement:

  • Experts on section 8, section 42, and other affordable housing practices and requirements
  • A seasoned team of compliance professionals with deep knowledge of the nuances, systems and resources required
  • Skilled at navigating multiple layers of affordable housing compliance requirements
  • Excellent relationships with oversight groups
  • Outstanding performance with 1st year lease ups, REAC inspections and file audits

Highly Customizable Accounting Solutions and Reporting

We establish and maintain a comprehensive system of financial records, files, and books of accounts for our owners and provide monthly and yearly financial reports. We work closely with you to customize our expert apartment accounting St. Paul solutions to meet the property’s and owner’s reporting needs.

Our financial reporting includes:

  • Balance Sheet
  • Monthly and YTD Income Statement Compared to Budget
  • Variance to Budget Report
  • Rent Roll by Unit
  • Accounts Receivable Ageing
  • Accounts Payable
  • Detail of Amounts Paid to Your Company
  • Bank Statements

Additionally, we bring the following benefits to every Accounting relationship:

  • Integrated with property management software for seamless execution between operations and accounting
  • Provide real time access to data for owners and managers
  • Strong relationships with business partners, e.g. banks and other financial institutions, local and federal housing authorities
  • Skilled at navigating multiple layers of affordable housing financing requirements
  • Software and systems designed to support today’s requirements