Valuing a Real Estate Business
Valuing a Real Estate Business
Through our dedicated separate real estate, property and construction accounting practice, Sothertons Melbourne can provide a full suite of property management accounting services, including assistance with valuing a real estate business.
As we aim to create working partnerships with our clients, in valuing a real estate business we not only appraise existing assets but work with clients on strategies to increase value.
Sothertons accountants have more than 30 years’ specific industry expertise. This means that we understand every aspect of property accounting and know how to provide workable, comprehensible strategies and solutions.
Specialised Skills Required for Valuing a Real Estate Business
Property accounting is unique, requiring in depth industry understanding as well as skills in financial analysis. Working with a distinctive business model and asset class, valuing a real estate business relies upon an understanding of specific, particular valuation methods.
The core skills our accountants offer in valuing a real estate business include:
- Industry benchmarking and KPI management
- Determining key business risk factors
- Budgeting and forecasts
- Rent roll evaluation
- Development of labour cost control strategies
- Trust and internal audits
- Advice on overhead costs control strategies
As a mid-sized firm, we have the depth of experience, knowledge base and technological resources to provide accounting services to the highest level whilst still being able to develop personal relationships with business owners. Our clients receive valuable director time, a benefit not offered by larger firms.
Profit from Ongoing Financial Management
In preparing a real estate firm for sale, or if divesting a section of the business – for example the rent roll – it is vital to ensure that records and reports are managed to the highest standard. This provides prospective buyers with confidence, allows you to identify underperforming divisions and ensures that your decisions are based on accurate data.
Along with valuing a real estate business, Sothertons can assist with BAS preparation, back office services and financial statement analysis. Partnering with our clients means that financial data is always presented in a way that is readable and meaningful.
Sothertons – Industry Specialists
Sothertons Chartered Accountants is structured into industry practices, allowing us to provide customer-based solutions. Clients work with us not only on ongoing financial management activities and strategic development, but right from business formation through to sale. Specialised Sothertons divisions include Hospitality, Transport and Logistics, IT, Retail, Forensic Accounting and Clothing Manufacture and Import.
Our expertise in the industry has been recognised by some of Australia’s larger banks, with Sothertons serving as a member of these banks’ real estate rent roll valuation panels.
To learn more about the process of valuing a real estate business, or for more information about our property and real estate accounting services, call Sothertons on (03) 9820 6400 or submit an online contact form.
