01 Aug 2025
Accounting Services, Case Study, Commercial, Yardi Consulting Services Permalink

Simplifying Portfolio Performance Tracking

August 1, 2025

Revolutionize Your Portfolio Tracking with Meissner’s Custom Real-Time Dashboard

At Meissner, we’ve developed a custom real-time dashboard designed to consolidate your entire commercial real estate portfolio’s performance into a single, comprehensive view. This powerful tool provides enhanced visibility, streamlines reporting, and empowers you to make data-driven decisions with ease.

Key Benefits for Clients:

  • Instant Asset Performance Insights: Gain a snapshot of your portfolio’s performance at a glance.

  • Real-Time Property Comparisons: Quickly compare properties and make timely adjustments.

Seamless Portfolio Reporting: Access Key Metrics Anytime

Our custom dashboard enables easy access to crucial portfolio metrics, including:

  • Financial Information: Get a clear overview of your financial health.

  • Loan Information: Track loan performance with detailed insights.

  • Property KPIs: Monitor occupancy rates, compare performance against budget, analyze year-to-date performance, and much more.

Maximize Your Existing Resources with Smarter Reporting

No need for expensive new systems—our solution optimizes your current resources, creating smarter reporting without the hassle of new software. Meissner tailors your dashboard to integrate with your existing systems, so you can easily generate custom reports on demand.

Ready to Simplify Your Portfolio Tracking?

If you’re ready to streamline your commercial real estate portfolio management and enhance reporting efficiency, contact us today. We’ll work with you to design a tailored solution that fits your unique needs and helps you make informed, timely decisions.

Check out our case study in a convenient brochure format to see how we’ve helped other clients achieve better portfolio visibility and smarter decision-making.

Read more about our Yardi Consulting Services or Financial Services.

16 Jul 2025
Commercial, Policy & Legislation, Updates Permalink

AB 380 Commercial Rent Control

July 16, 2025

Latest update from the California Business Properties Associations shows that AB 380 is currently in the Senate, heading to the Senate Appropriations Committee. It had passed the Assembly on June 4th despite strong opposition and passed the Senate Public Safety Committee on July 8. No further outreach at the time is needed.

(Source)

AB 380 is an act that would impose commercial rent control and eviction bans on leases during declared emergencies. Specifically, it proposes to make it unlawful to increase commercial rent prices by more than 10% for either 180 or 365 days following the declaration of a state of emergency, even if the increase is attributed to additional costs for repairs or additions. Businesses are also unable to evict any tenants during that same

 

06 Jun 2025
Commercial, Digest, Updates Permalink

Senate Bill 789 Updates

June 6, 2025

June 6, 2025

Important update about SB 789. The Vacancy Tax measure was defeated in the Senate Appropriations Committee.

This bill initially proposed a statewide vacancy tax on commercial real estate at $5 per square foot. After pushback from stakeholders, the bill was amended to remove the tax and instead, require commercial property owners to report vacancy details annually. Failure to do so would incur heavy penalties.

Both the vacancy tax and data reporting mandate on commercial properties have been removed from consideration and the bill is considered dead for now.

April 24, 2025

Important update on Senate Bill 789: Following strong opposition from industry stakeholders—including many of our clients and partners—the proposed $5/SF vacancy tax has been removed. ✅

However, we remain opposed to the bill. The amended bill would require non-residential property owners to report detailed vacancy information annually or face state-imposed penalties. As the California Business Properties Association states, “this unnecessary and expensive data collection mandate will cost the state millions and deliver little value.”

Thank you to the California Business Properties Association for the continued advocacy and for keeping the industry informed.

Read more: https://cbpa.com/news

11 Apr 2025
All Properties, Commercial, Digest, Perspectives Permalink

Why We Oppose Senate Bill 789

April 11, 2025

Senate Bill 789 (Menjivar; D–Van Nuys) would implement a statewide tax of $5 per square foot on commercial spaces considered “vacant.” While the bill is intended to address prolonged commercial vacancies, it poses potential challenges to property owners, tenants, local governments, and the broader real estate market.

Economic Implications

We know that vacancy in commercial real estate is often driven by market conditions—not neglect. Office, retail, and industrial sectors continue to navigate the long-term impacts of the pandemic and shifting demand. Penalizing property owners through taxation during this period of recovery would only compound existing economic pressures.

Fiscal Impact of Reduced Local Revenues

SB 789 could lead to widespread property tax reassessments under Proposition 8, thereby reducing taxable property values. The downstream effect would be significant funding shortfalls for school districts, municipalities, and essential public services that rely on local property tax revenue.

Administrative Challenges

Implementation of the bill would require state and local agencies to identify, evaluate, and monitor commercial vacancies on a large scale—an approach that has shown limited effectiveness and raised administrative concerns in cities like San Francisco and Oakland.

Urgent Call to Action

SB 789 is scheduled for hearing by the Senate Revenue and Taxation Committee on Wednesday, April 23, 2025, at 9:30 a.m. We encourage stakeholders in the commercial real estate industry to review the bill and contact their state senators to urge them to vote NO.

Join us in advocating for balanced, sustainable solutions for California’s commercial real estate sector.

Resources:

Special thank you to the California Business Properties Association for sharing this information.

We will continue monitoring this bill and advocating for policies that support a balanced and sustainable commercial real estate environment in California.

27 Mar 2025
Accounting Services, All Properties, Case Study, Commercial Permalink

How Meissner Helped a Property Owner Streamline Financial Operations and Refocus Staff

March 27, 2025

Owner manages its 12-property portfolio of office, retail, and flex assets. They turned to Meissner looking for improvement in accounting and financial reporting. Meissner works in the manager’s Yardi to deliver improved accounting, reporting, and payable/receipts processing.

Client Benefits:

  • Save Time
  • Redeploy Staff
  • Timely, accurate financial reports

Client Challenges

Self management presented difficulties with…

  • Strain on Staff
  • High Staff Turnover
  • Late Financial Reports
  • Slow Invoice Payment

Our Solutions

  1. Free up staff by taking on day-to-day accounting
  2. Create custom financial reporting to fit client’s needs
  3. Deliver accurate, clean, and on-time monthly financial reports

Source
Meissner Commercial Real Estate Services

21 Mar 2025
All Properties, Case Study, Commercial, Industrial Permalink

Strategic Management in Action: How Meissner Drove a 157% Asset Value Increase

March 21, 2025

Meissner took over management for a project that was well respected, well known, had high occupancy and market lease rates. This was not a rehabilitation project and yet we added tremendous value.

Financial Benefits:

  • Ownership’s revenue increased by 186%
  • Took valuation from $23 Million to $59 Million
  • Increased net income by over 270%
  • Decreased operating expenses by 10%

How did we do it?

  1. Enhanced Tenancy
    • Adjusted the leasing strategy to attract higher tenants of a higher value than the project previously warranted
    • Excelled in responsiveness to strong market conditions
  2. Lease Administration
    • Implemented base-year revenue collection for increased pass-through expense
    • Efficiently used cutting-edge technology to streamline processes
  3. Capital Improvements
    • New paint scheme and landscaping to create a uniform feel
    • Implemented a modern and consistent signage program
  4. Expense Refinements
    • Higher vendor performance for equivalent market pricing at competitive rates
    • Maximized the building’s electrical infrastructure to adjust to the changing needs of the tenants

Source
Meissner Commercial Real Estate Services

25 Jan 2025
Accounting Services, Case Study, Yardi Consulting Services Permalink

Data Migration Into Yardi

January 25, 2025

CLIENT BACKGROUND
This accounting team had been manually compiling financial reports from Quickbooks, in-house Yardi, and third-party Yardi platforms used by its outsourced property managers. They sought a single source for their financial data and their internal and external reporting.

Challenges:

• Time-consuming financial reporting because of manual compilation of numerous data sources
• Account Tree Proliferation made daily accounting work complicated and error-prone
• Internal reporting on A/R and A/P aging was cumbersome
• Opportunities to enhance internal controls and elevate report quality

Our Impact:

Meissner’s data and accounting teams migrated a client’s data from Quickbooks and several outsourced Yardi platforms into the client’s Yardi database, resulting in a single source for accounting and reporting for this real estate developer/manager. Now, monthly, Yardi-to-Yardi data imports support accurate, timely reporting to investors and lenders.

• Streamlined financial reporting for easier conformity with GAAP
• Built foundation for more robust and detailed reporting to investors and lenders
• Integration of property performance data with financial data
• Time savings frees staff for higher level work
• Saved time and improved accuracy of daily accounting tasks

 

We can do the same for you! Learn about how we can help you optimize your financials with our financial services

11 Jan 2025
Yardi Consulting Services Permalink
close up hand of accountant working on desk using calculator for calculate finance report in office
close up hand of accountant working on desk using calculator for calculate finance report in office

Optimizing Tenant Statements Workflows in Yardi

January 11, 2025

“Many property management companies use Yardi and at least one other software application to generate and send tenant statements. With a minimal investment of time, this can be done completely in Yardi and the process of property accountants posting the recurring charges in Yardi can be vastly improved”, says Sara Robert, System and Project Manager for Meissner Commercial Real Estate Services.

If tenant information is not complete, the tenant statement is often created using another application, manually saved somewhere, and then emailed to the tenant using the firm’s email application. But suppose the tenant contact information is complete – In that case, this entire process can be done in Yardi, from creating the charge to emailing the statement and digitally filing a record of the statement and the email correspondence. This is a significant time savings relative to the effort required to achieve it. ⌛

So, clean up those Yardi tenant records and get the email addresses entered! When setting up a new tenant, insist on completeness in the Yardi contact information so you can take advantage of the built-in automation Yardi provides.

14 Dec 2024
All Properties, Digest, Uncategorized Permalink

New Commercial Real Estate Legislation Effective 2025

December 14, 2024

Commercial Real Estate News! Key legislation impacting Commercial Real Estate passed in 2024, going into effect in 2025. Take note of Assembly Bill 98: Severe Warehouse Development Restrictions, and Senate Bill 1103: Commercial Leasing Mandates.

Assembly Bill 98 introduces strict regulations on logistics and warehouse facilities in California, imposing costly design, operational, and environmental standards. These changes could hinder the growth of the logistics industry, which is a vital part of the state’s economy.

Senate Bill 1103 introduces new leasing requirements in California and applies to Qualified Commercial Tenants, including microenterprises, small restaurants, and certain nonprofits. These requirements include new notice periods for rent increases, translation requirements for lease agreements, and more.

Read more on BOMA California‘s page here: https://cbpa.com/BOMA-Cal-2024-Legislative-Summaries