Rent & tenant accounts
Coordinate rent collection, accounts receivable, and tenant account management. Organized tenant records help keep balances and payment activity connected to the property’s day-to-day administration.
Accounting & Financial Reporting · Tacoma & Pierce County
Property accounting & financial reporting.
Commercial property accounting and financial reporting that connect the day-to-day transactions with the owner’s bigger picture.
30+ years of ownership & management experienceLocal knowledge Tacoma & the South SoundAn owner’s perspective Meet Legacy ↗
The owner’s view
Understand what is coming in, going out, and needing a closer look.
An owner statement is most useful when the work behind it is organized. Tenant balances, vendor invoices, operating expenses, and lease-related allocations all need attention before a financial report can support a meaningful conversation about the property.
Legacy provides financial management as part of its commercial property services in Tacoma, Pierce County, and the South Sound. Our owner-minded approach connects accounting tasks with the realities of operating a commercial building: tenant accounts, maintenance work, recurring expenses, and the decisions an owner needs to consider.
What the service can include
Bring the financial details into focus.
Services are tailored to the property and management agreement. Legacy’s financial support can include the following areas.
Owner statements
Prepare monthly owner statements and financial reporting. Consistent organization helps owners follow the property’s financial activity and identify the items they want to discuss.
Vendor invoices
Manage accounts payable and vendor invoices within the agreed scope. Connect the financial side of vendor work with property maintenance and project coordination.
Budgets & expenses
Support budget preparation and expense monitoring. Keep operating costs visible so owners can discuss current needs alongside the property’s longer-term priorities.
CAM & NNN support
Coordinate common area maintenance and triple-net reconciliation and allocation as applicable to the property. The relevant leases and agreed management responsibilities guide the work.
Utility allocation
Bring utility monitoring and allocation into the management process where included. Keep these details connected with property operations and the financial records used for owner reporting.
The Legacy approach
Reliable reporting starts before the statement.
Organize the inputs
Bring tenant account activity, vendor invoices, and relevant property expenses into the financial management process.
Connect the context
Consider those records alongside the property’s budget, lease administration, and applicable allocation responsibilities.
Support the owner’s review
Present the reporting and account information that helps the owner follow activity and discuss the next questions.
In practice
Three useful questions for your next owner review.
Financial reporting should help an owner ask better questions. These examples illustrate the kinds of conversations organized property records can support.
Tenant accounts
Which tenant balances need follow-up, and what does the account history show?
Operating expenses
Which expenses need explanation or attention in the context of the property’s budget?
Upcoming work
How do maintenance needs and planned improvements connect with the owner’s financial priorities?
Good questions. Clear answers.
Before we talk.
More about accounting & financial reporting.
Have a different question? ↗Does Legacy provide monthly owner statements?
Yes. Monthly owner statements and financial reporting are part of Legacy’s commercial property management services. The reporting scope is established in the management agreement.
Can Legacy help with CAM and NNN reconciliation?
Yes. CAM and NNN reconciliation and allocation are included in the service areas Legacy can discuss. The work depends on the property, applicable lease terms, available records, and the agreed scope.
Does this include accounts payable and vendor invoices?
Yes. Financial services can include accounts payable and vendor invoice management, along with rent collection, accounts receivable, tenant account management, and expense monitoring.
What financial information is helpful when discussing management?
An overview of your current reporting, tenant account arrangements, property budget, and known expense concerns is a useful start. Share the property basics through the consultation form; detailed financial records can be discussed directly with the team.
Tacoma · Pierce County · South Sound
Make your property’s financial picture easier to follow.
Tell us where reporting, tenant accounts, or expense organization could give you more clarity.
A complete property perspective
