27 Apr 2023
All Properties, Digest, Spotlight Permalink

Kristin Howell Recognized as Leader of Influence in the San Diego Business Journal

April 27, 2023

Congratulations to our Vice President/Director of Business Development, Kristin Howell, RPA, FMA, for being named a Leader of Influence in Commercial Real Estate in the San Diego Business Journal! 🎉

We take great pride in Kristin’s exceptional leadership and forward-thinking approach, which have enabled Meissner CRES to consistently deliver top-notch services to all its clients. She has been a driving force behind the company’s vision and mission, inspiring our culture of professionalism and excellence in everything we do.

See the full Special Section here: https://lnkd.in/gwaDcVqa

29 Mar 2023
Accounting Services, All Properties Permalink

Maximize Profits and Efficiency: Why Outsourced Accounting is a Game-Changer for Commercial Real Estate Businesses

March 29, 2023

Commercial real estate is a complex and constantly evolving industry where financial management can make or break success. Many commercial real estate owners and managers are turning to outsourced accounting services to handle their financial reporting needs. Outsourced accounting has become a popular solution for many CRE businesses, as it can be more cost-efficient, guarantee greater accuracy and timeliness, and boost overall business efficiency.

What is outsourced accounting for commercial real estate?

Outsourced accounting involves partnering with a professional commercial real estate (CRE) accounting firm to handle a variety of financial tasks, such as rent collection, bill payment, general bookkeeping, financial analysis, and financial reporting for owners and investors. These services can be tailored to meet the specific needs of each property or operating entity and support the manager in delivering on the financial reporting requirements of owners, investors, and lenders.

What are the benefits?

One of the main benefits of outsourced accounting for commercial real estate is cost savings. By outsourcing accounting functions, property owners and managers have saved significantly on the costs of hiring and training new staff, purchasing accounting software and equipment, and office space and utilities. Outsourcing also reduces or eliminates expenses associated with employee benefits, like health insurance, retirement plans, and paid time off.

Another benefit is greater accuracy. Firms specializing in commercial real estate accounting are staffed by trained and experienced accountants with expertise that helps ensure all financial data is accurately recorded, analyzed, and reported. This reduces the likelihood of errors, improves the timeliness of reporting, and thereby increases investors’ and owners’ confidence that the financial reporting they receive is accurate and meets the highest industry reporting standards.

Outsourced accounting can also improve the efficiency of commercial real estate businesses. The best CRE accounting firms maintain state-of-the-art technology and software to streamline financial processes, allowing property owners/managers to access financial information quickly and easily. By outsourcing accounting tasks, property owners can focus on their core competencies of property management, asset management, and development, resulting in increased portfolio value while leaving the financial functions to the accounting professionals.

Additionally, an outsourced professional accounting service can help commercial real estate owners stay compliant with tax laws and regulations. Accounting firms stay up-to-date with changes to tax laws and regulations so that their clients are kept in compliance. This helps to avoid costly penalties and legal fees that can result from noncompliance.

Conclusion

Outsourced accounting has become a popular solution for commercial real estate property owners and managers who need accurate, efficient, and cost-effective financial management. By partnering with a professional CRE accounting firm, property owners can save money, improve accuracy, streamline financial processes, and stay compliant with tax laws and regulations with greater ease and peace of mind. It’s safe to say that outsourced accounting has become an essential resource for commercial real estate owners and managers striving to stay competitive and focus their expertise on portfolio value in this rapidly changing industry.

08 Mar 2023
Accounting Services, All Properties Permalink

Reasons to Outsource CRE Accounting Services – Asset Performance Insight

March 8, 2023

Are you struggling to compare the performance of your assets or portfolios due to inconsistent reporting?🔍

Our financial services can help you gain a clear view of your asset performance. Watch our video to learn how we can help you make informed portfolio decisions that align with your business objectives.

28 Feb 2023
Accounting Services, All Properties Permalink

Reasons to Outsource CRE Accounting Services – Yardi Fast Lane

February 28, 2023

Many Owner Managers who have invested in Yardi struggle to fully utilize its capabilities for customization.

Meissner can help!  We can get you into the fast lane for YARDI optimization so that you’re utilizing all the best time and labor-saving features of the software within just 90 days – and getting a much-improved ROI on your technology investment.

 

22 Feb 2023
Uncategorized Permalink
Solar panels with sunset and blue sky background. Clean power energy concept
Solar panels with sunset and blue sky background. Clean power energy concept

Reserve Your 75% Solar Savings!

February 22, 2023

Top 3 Takeaways

  1. Engagement Agreement and $3,500 fee for Engineering & SDGE/SCE Application Submittal are the only requirements to benefit from savings under NEM 2.0.
  2. SDGE Engineering and Submission Application must be submitted by February 28th.
  3. Owners will have 3 years to decide to move forward with solar construction.

Finance Options for Everyone!

  • A Cash Purchase offers the lowest cost per kilowatt hour and is potentially tax deductible.
  • A Solar Loan is the same as a cash purchase, offers the lowest cost per kilowatt hour, and is potentially tax deductible.
  • A Lease/PPA means zero upfront costs for solar system install and potential additional roof rent revenues.

What is Net Energy Metering (NEM) 3.0?

… and why you need to go solar now!

Net Energy Metering 2.0 is a program that credits your electric bill when your solar system sends surplus energy back to the grid. Luckily, you have until April 13th to register projects under the NEM-2 rules, which includes a 20-year grandfathering period.

The system does NOT need to be installed by this deadline to qualify. Only the application for a proposed solar project must be received and acknowledged by the relevant utility (SDG&E, SCE). The project would then have a 3-year window to be installed or not installed.

The new NEM 3.0 will take effect in April 2023. Under NEM 3.0, the credit value for exported energy will have a reduction of approximately 75% in credit for power that’s exported back to the grid.

Read our full brochure here.

31 Jan 2023
Accounting Services, Commercial, Digest Permalink

Reasons to Outsource CRE Accounting Services – Focus on what YOU love!

January 31, 2023

Do you spend more time than you’d like overseeing accounting when you’d rather be focusing on your business goals? 💸

Many commercial property owner-managers just want quality reporting on their assets, but find themselves sinking more time than they’d like into accounting functions. Here’s how we can help you devote more time to the business you enjoy!

 

13 Jan 2023
Uncategorized Permalink

Top 5 Reasons to Install Solar for Your Commercial Property

January 13, 2023

1. Significant Return on Investment (ROI)

Solar is a low-risk, high-return financial investment. Solar pays for itself in a range of 3-10 years*, and solar PV systems have a lifespan of 25+ years – that’s 15+ years of no-cost energy. The time it takes to break even (solar payback period) depends on several factors, such as the cost of the solar PV installation, property location, and current energy consumption.

2. Tax credits will minimize your investment

The Inflation Reduction Act (IRA) of 2022 establishes and extends the federal Investment Tax Credit (ITC) for solar photovoltaic (PV) systems at a rate of 30% of the total PV system cost. The 30% ITC was extended for 10 years, through 2032. Unlike tax deductions, this tax credit can be used to directly offset your tax liability dollar for dollar.

3. Reduce overhead costs and increase your Net Operating Income (NOI)

Boost your cash flow by significantly decreasing the operating costs for energy and creating roof rent income for Ownership. Solar energy could become a source to generate additional revenue through monetizing assets like roof space and parking lots.

4. Attract and retain more tenants

Installing solar panels will significantly decrease tenant electricity bills. Not only will you attract tenants looking to save money, but you will also be more likely to attract tenants interested in sustainability practices. Solar Energy increases the reasons for tenants to renew their leases and enhances the property value for future tenants. You’ll be making the first step in promoting an eco-friendly community and building a greener reputation for your business.

5. Safeguard the planet AND your business by going green

The sun is a source of clean, sustainable, and renewable energy. Utilizing solar energy will not only reduce your carbon footprint and decrease pollution, but also safeguard your business against rising grid prices and boost your property’s value.

*The California Public Utilities Commission (CPUC) has finalized the rules for Net Energy Metering 3.0 (NEM-3), which will take effect on April 14, 2023. The rule change results in a significant reduction in the value of energy exported to the grid from an onsite solar energy system. Currently, under NEM-2 solar systems receive close to retail-rate for any electricity that is not used onsite and sent back to the electricity grid. Under NEM-3, the credit value for exported energy will be in line with wholesale rates, which average $0.02-$0.05 per kWh (a ~70% reduction in value). Luckily, there is a short window of time until April 13th to register projects under the NEM-2 rules. The qualification for ensuring a system is granted NEM-2 status, which contains a 20-year grandfathering period, do not require the system to be installed or operational by this deadline. Rather, an interconnection application must be submitted to the relevant utility (SDG&E, SCE or PG&E) and marked as complete by the deadline. The project would then have a 3-year window to be installed.

12 Dec 2022
All Properties, Commercial, Digest, Newsletters, Perspectives Permalink

Reasons to Outsource CRE Accounting Services – Scalability

December 12, 2022

One of the challenges of managing a commercial real estate portfolio is scaling your team as the portfolio grows 📈 and shrinks📉. We can help you solve the “right-sizing” challenge that comes with hiring and staffing. Leslie Mittanck, our Director of Accounting Services, speaks on this in the video below!

 

10 Nov 2022
All Properties, Announcements, Digest, Events, Perspectives, Spotlight, Updates Permalink

Estate Planning Family Strategy

November 10, 2022

What is the Role of Meissner as Real Estate Advisor?

Our role as asset manager helps our clients with looking at things from a bigger picture perspective, especially regarding something as important as legacy real estate transition.

As real estate advisors, how we support the family differs from a standard property manager or asset manager. We focus our investment strategy on how to achieve family goals and investment goals, while an asset manager focuses on transactional business such as leasing, construction, and financial reporting, and a property manager focuses on day-to-day operations. The real estate advisor understands real estate, the strategies for protecting the asset and improving property value, and makes recommendations for best times to hold, sell, purchase, or refinance a portfolio according to the family’s goals. In formulating a legacy transition plan, we analyze the assets and family needs, formulate a plan, gain consensus, and then implement it.

Adding Value to the Family

To us, adding value to a family also means providing good strategic and operational advice and earning the trust of the family. A complex mix of real estate asset and property conditions create the need for our specialized expertise. The condition of the asset may entail its financial condition, occupancy stability, capital needs, as well as the family’s financial needs – how can the assets meet the family goals? The answer can vary widely between families, and we take a deeper look and give advice with these questions in mind to enable the family to make the most informed choices, whether it’s for family cash distributions, desire for capital gain, or goal to expand the portfolio and income stream. We consistently look at operating budgets, financial alternatives, capital plans, and monitor income/expenses, and provide quarterly reporting and meetings with Ownership to ensure we are on the same page.

Family Enterprises & Their Structures

Many of our clients are family offices and we have over 15 years of experience working with families that have commercial real estate assets that have, or will be, transitioned to next generation family members. In different cases, this can mean that we work with the 1st generation patriarch/matriarch, 2nd generation family leaders, and even with 3rd generation family leaders and their Trustee. Whether a client needs to execute an existing succession plan, create guidelines for family governance, or develop a “road map” to accomplish their specific needs and goals, we can help.

Our Background and Experience

Meissner Commercial Real Estate Services is a company that specializes in advisory services, asset management, and property management. We address property level issues, long term planning, and capital needs. Meissner has been in business for 30 years. Our Real Estate product types include office, retail, and industrial, and our portfolio has market value of over 1 billion, and our asset values range from $20M to $100M.

07 Jul 2022
All Properties, Announcements, Digest, Events, Perspectives, Spotlight, Updates Permalink

How To Increase Returns on Real Estate

July 7, 2022

On June 15th, R. J. Kelly interviewed Tim Meissner, our Founder & Chief Executive Officer, in a webinar on real estate solutions for property owners, focusing on how to increase returns on real estate, minimize taxes, and keep more profit. See the webinar recording below:


Tim has over forty years of experience in commercial real estate operations including advisory services, asset management, acquisition, disposition, finance, leasing, construction, and property management🤝📈. His career path has been focused on commercial real estate transactions and the formation of Meissner CRES as an operating business that manages a client portfolio valued in excess of $1 billion.

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