Back Office Services for the Real Estate Industry
In the real estate industry, the market is always rapidly changing– which can leave the back office side of operations in a constant state of evolution! Real Estate owners can benefit from an all-in-one, scalable, and cost-effective organization, with a strong foundation for solutions-driven results to manage the back-office transactions and needs.
Back office operations such as financial management, asset accounting, tenant reconciliation, common-area-management reconciliation (CAM), acquisitions, and budgeting are essential to any real estate practice.
Sandstone Business Solutions aims to fill this gap by providing your business with comprehensive back-office support for the commercial, retail, and industrial real estate industries.
Our expert team can take care of all the back-office processes, letting you focus on growing your real estate empire – without being distracted by administration!
Why Real Estate Teams Need Specialized Back Office Support
Streamlined, specialized back office functions are crucial for the success of building a real estate business. These tasks are complex, intricate, and need to be managed by someone who understands the complexity of the real estate industry.
Sandstone Business Solutions is experienced in the back office operations needed by real estate brokerages - ranging from multi-location financial management to licensing, and everything in between!
Managing a Real Estate Practice
Managing a real estate practice has its challenges. Sandstone Business Solutions is a cost-effective solution for managing a real estate practice comprised of both employees and contractors. Our experience includes multi-state payroll and accounting, location/class accounting, asset management, and multi-jurisdiction licensing, and human resource solutions. No matter how your real estate practice is set up, Sandstone can provide critical analysis and maintenance for your organization at a fraction of the price for internal solutions.
Jurisdictional Licensing
Real estate practices span multiple jurisdictions which increases the complexity of licensing and revenue reporting. Sandstone Business Solutions can manage your licensing requirements for each applicable jurisdiction in which your business and agents operate. We can manage the license renewal process to limit over-reporting and ensure appropriate compliance.
Complex Financial Management
We understand that the financial management of real estate purchases and sales is complex and intricate, and often involves a thorough understanding of settlement agreements, cost segregation analysis, and asset accounting. Customized support helps ensure financial stability and profitability, with streamlined analytics, cash flow management, and financial reporting.
Payroll and HR management
Real estate practices often have complicated payroll situations, with a hybrid of employees and contractors in multiple jurisdictions. Outsourcing payroll and HR functions to the experts at Sandstone streamlines the processes and ensures your business is compliant and your workforce is satisfied no matter where they reside or operate.
Building Your Empire
We understand many real estate practices want to grow their empire. As you build your real estate portfolio the complexities of managing multiple locations can become cumbersome and demanding. Sandstone can help with your property management responsibilities. Sandstone can help with your commercial, industrial, retail, and office rental needs creating an all-in-one stop for your real estate business.
Our Services
Sandstone Business Solutions has a range of services designed to ensure your business runs smoothly.
By working with us, you can stay focused on building and growing your business while we take care of the time-consuming administrative tasks
Accounting and Financial Management
Our specialized financial support can take care of your accounting needs, cash flow management, and financial planning. We can help your business maximize profitability and help you make informed decisions.
Human Resources
Sandstone can help with every aspect of HR, ranging from labor law compliance to conflict resolution. We’re experts in recruitment, and employee benefits administration and can help you foster a positive and fully compliant workplace.
Administrative Responsibilities
We know admin can be time-consuming, so we take care of it for you! Document management, scheduling, communication – we can do it all, leaving your team free to focus on real estate.
Property and Inventory Management
We help you ensure your resources are efficiently managed, ensuring there is little waste and that all materials are on hand as needed!
Retail and Supply Chain Support
Sandstone can also help optimize your supply chain, including with procurement and logistics. We can also support the retail and purchasing side of the business, such as purchasing and invoicing.
Payroll and Income Taxes
We streamline the payroll process for you, taking on the time-consuming and often intricate job of paying your staff! We ensure everything is accurate and fully compliant so you can focus on the important details.
Information Technology (IT) Support
Our IT support systems can help you manage everything from system maintenance to cybersecurity. We help ensure your business’s technology infrastructure is robust and efficient, creating peace of mind and saving you time.
Data Analytics
Our expert staff can turn your raw data into an action plan. We collate and analyze the data to help you make strategic decisions and optimize your operations.
Getting Started with Sandstone Business Solutions
Partnering with Sandstone gives real estate companies a huge advantage. You’ll benefit from our expertise while offloading the time-consuming administrative burdens that distract you from growing your business!
With a massive focus on customized solutions and improved efficiency, we make sure your real estate projects are supported by reliable back-office services. If you want to focus on your core real estate activities and focus on building a future for your company, reach out to Sandstone Business Solutions today. Together, we can create a partnership that will enhance your project execution and reduce your distractions. Let’s lay the foundation for your success!