Trace Each Property Expense to the Party That Owes It

By Don McClain | Founder & Principal, Medro Advisors. Extend FCC’s October 21 NOI discussion with an expense-responsibility table. For taxes, insurance, maintenance and common-area costs, record the lease provision or other supporting document, the responsible party, the amount actually paid and any reimbursement still unresolved. Ask the appropriate adviser to explain conflicts before adjusting the operating statement. A lease label alone does not complete the reconciliation. Keep projected recoveries separate from amounts collected. Discuss the property evidence at https://www.fastcommercialcapital.com/contact/