Residential Property Management Accountants
Residential Property Management Accountants in Nottingham
At FHP Accounting, we make managing your residential management company simple and stress-free. We value each client and ensure you always feel supported.
Our property accountants offer comprehensive advice in this specialised area of accounting, we work with managing agents and leasehold property owners to provide consistent hassle free service ensuring deadlines are taken care of and you have peace of mind your accounts and company secretarial services are taken care of.
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Clear and Understandable Reporting
We provide straightforward financial reports that everyone, from board members to residents, can understand. No jargon—just clear, actionable information.
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Seamless Collaboration with Managing Agents
We work closely with managing agents to streamline processes and maintain consistency in financial reporting and operations.
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Dedicated Client Care
Our team is always accessible, offering prompt, friendly, and proactive communication to address your queries and keep you informed at every stage.
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Proven Track Record
With years of experience in the property sector, we’ve built a reputation for reliability, accuracy, and exceptional service tailored to residential management companies.
Residential Property Management Accountant
Whether you are setting up a new residential management company or looking to move from your existing accountant or you’ve been struggling to manage the obligations yourself, we tailor our service to offer advice to your specific situation.
Here’s how we can help:
- Service Charge Accounting
Service charge accounts are the backbone of any RMC. We prepare accurate, detailed accounts that comply with industry regulations. Our expertise ensures that your accounts are transparent and ready for audit or certification if required. - Annual Accounts Preparation
From income and expenditure statements to balance sheets, we’ll prepare your annual accounts in accordance with legal requirements. Our goal is to deliver clear and concise financial reports that stakeholders can easily understand. - Company Secretarial Services
We assist with maintaining statutory records, filing annual confirmation statements, and ensuring compliance with Companies House requirements, allowing you to focus on managing your property. - Support for Managing Agents
If your RMC works with a managing agent, we’ll collaborate seamlessly with them to ensure financial processes are streamlined and efficient.
With extensive experience in the property sector, our team specialises in accounting for residential management companies. We recognise that the financial management of an RMC goes beyond balancing the books—it’s about ensuring smooth operations, maintaining compliance, and fostering trust between the company and its residents.
FAQs
Have you got questions about our accounting services? We’ve got the answers! Check out our FAQ section for quick and easy information.
But if you can’t find what you’re looking for, don’t hesitate to contact us. Our friendly team is happy to help.
What is the difference between a Residential management company and a Right to Manage Company?
The need for a Residents’ Management Company (RMC) arises when properties share common amenities which need to be maintained on a collaborative basis. Funds need to be collected and expended on behalf of property owners. A limited company is the most practical vehicle to operate as a sole legal entity that can act on behalf of all parties.This is normally organised by the freeholder, generally via a managing agent.
Right To Manage (RTM) lets some leasehold property owners take over management of the building -even without the agreement of the freeholder. To use this right, leaseholders must set up an RTM company and follow certain procedures.
We can provide accounting solutions for both.
Do service charge accounts need to be audited?
Not all service charge accounts require an audit, but some leases may stipulate that an independent accountant must review the accounts. This depends on the specific terms of the lease.
Can an RMC be managed without a managing agent?
Yes, an RMC can be self-managed, but this requires a good understanding of financial and legal responsibilities. Many RMCs choose to appoint managing agents for day-to-day operations, with our accounting services ensuring their financial compliance.
Do you work with small Residential Management Companies and Right to Manage Companies?
Whether your RMC / RTM oversees a small block of flats, a large industrial park or a new development, we provide tailored services to suit your needs.
