Real Estate/Lease

Lease Audit
Real estate occupancy expenses typically represent the second largest cost of doing business for most companies, exceeded only by personnel expense. Partnering with Profit Advisory Group and our lease audit team is the first step towards streamlining and controlling the costs associated with leased real estate assets. With today's complex commercial property leases, it is imperative to scrutinize the rent of the firm leasing the space. Areas included in the Lease Audit include Utilities, Common Area Maintenance (CAM) charges, Operating Expense and Tax Billings - to ensure they are administered in accordance with all lease provisions. Utilizing the experience of real estate experts, Profit Advisory Group performs a comprehensive audit of your lease portfolio and records to identify and recover overcharges. The success of our solution is founded on five key areas of service excellence:

• Experience
The depth of knowledge and experience of our consultants is unmatched. We have recruited a seasoned team of real estate professionals that includes former property managers, real estate controllers, institutional asset managers, CPAs, architects/engineers and property tax experts. Our broad set of skills enables us to address a multitude of issues affecting a tenant's occupancy.

• Process
We utilize a three-step approach to Lease Auditing. The first step begins with a lease portfolio review and a preliminary analysis of each property's rent charges and expenses. Profit Advisory Group can determine whether the audit of a particular property is likely to produce recoveries, estimate the magnitude of those recoveries, and prioritize facilities requiring a full on-site audit. An actual audit of the occupant's records is then undertaken and a report detailing specific overcharges is prepared. Negotiation of the recovery is the final step. Our experience and professional approach in negotiating firmly and fairly with property owners ensures rapid resolution of any refunds. By understanding the sensitive nature of tenant/landlord relationships, Profit Advisory Group works creatively to identify solutions and reach mutually acceptable settlements of all disputes.

• Performance
With thousands of lease and facility audits successfully completed, our clients are assured of receiving the highest level of performance while achieving the maximum savings and efficiencies from their real estate portfolio.

• Value
Aggressive management of real estate expenses helps optimize the value of your lease portfolio. This value proposition delivers a strategic and competitive advantage.

• Loyal Representation
Profit Advisory Group is not affiliated with any real estate brokerage or public accounting firm and does not perform services for building owners or managers. This independence allows for unbiased disposition of all lease-related cost issues and eliminates any potential conflict of interest.


Cost Segregation
Companies that own their properties can increase their cash flow by accelerating depreciation deductions and deferring federal and state income taxes through our cost segregation study. This study requires the combined expertise of Accountants and Engineers, so chances are high that even though your CPA may know about and understand the benefits of Cost Segregation, it is not a service that they offer. The IRS fully endorses this program (click here for a link to their website) If you could use a boost to your cash flow, this is a great place to look, as the average costs that can be reclassified range from20-30% of the total costs (construction, purchase, renovation, addition).

Our non-intrusive services can be initiated with no up-front fees or charges. Our performance-based compensation is contingent on results and calculated exclusively on a share of recovered costs, refunds and credits.

Contact us at Info@profitadvisorygroup.com