Financial Management

Timely and accurate financial management and reporting is essential to successful property management. Dermer Management has made significant investments to develop the most effective, yet easy to understand financial reporting. Mariluz Castillo leads our finance team and brings over 18 years of experience in real estate accounting.

In addition to bookkeeping, each year our accounting professionals work closely with the property manager to develop and monitor long-term capital budgets as well as ensuring your audit is done in a professional and timely manner.  We provide boards with customized financial information in comprehensive, easily understandable formats that give them complete vision into the financial condition of the building.

We provide all basic services, ACH transactions, lock-box for collections, distribution of maintenance, rent invoices, separate bank accounts and all of the below:

  •     Monthly reporting and analysis
  •     Analyze expenditures and recommend cost-saving programs
  •     Implement receivable tracking and recovery
  •     Review each invoice for accuracy and check against estimates and previous bills
  •     Monitor staff overtime

Dermer Management has excellent relationships with a variety of banks and lending institutions and can guide a board or owner in obtaining the most advantageous terms for mortgage financing.