Ann-Marie Bomba, CAPS, Founder, Topaz Asset Management
When we started our firm in 2017, we made a strategic decision to focus on management and outsource the accounting, human resources and financial reporting. We did our homework when researching accounting firms, and found Ascent Multifamily Accounting had more expertise in the multifamily industry than any other firm.
Our partnership with Ascent has simplified our processes, allowed us to focus on managing our assets, spend time growing the business while providing us the opportunity to maintain reasonable corporate expenses. Utilizing their payroll services has allowed us the ability to attract top talent by offering full and affordable benefit options to our team members. Their HR and payroll function has just one point of contact for us, which has been both efficient and helpful to our business.
Today, we have more than 2,000 units and we attribute some of our growth to our partnership with them. We trust them and they have proven to be reliable, diligent and true to their word. The fees are so reasonable that we couldn’t afford to replicate the level of experience that Ascent provides on our own.
I highly recommend Ascent Multifamily Accounting. This partnership has made a true difference in the success of our business.
Roland Stewart, Founder & President, Paramount Investment Corporation
We are pleased to highly recommend Ascent’s multifamily services. Our firm is based in DFW with a peak of 2,200 units. We have been doing business with Ascent for the past six years. We have been extremely pleased with the services provided to us during this time. Ascent has provided us the ability to focus our energies on revenue management, cost controls and direct property operations. Clearly, we have increased our bottom line substantially. We continue to see our annual revenue and NOI increase, year after year. The HR and accounting services provided us by Ascent are extremely efficient and hassle free to us as owner-operators. The monthly reporting received is custom tailored to ours and our lenders requirements. They are truly a great value add to our companies operations. We highly recommend their services.
Billi Jo Suiter, ARM®, RAM®, FHC®, CPM®candidate
We have utilized Ascent’s multifamily accounting services for the past four years. Being able to utilize these “large-company” benefits as a small company such as ours has been beneficial in more ways than one. The HR and accounting services gave us the ability to focus on our assets with a strong confidence that our finances were being tracked and controlled effectively. The ability to track employees, control spending, and provide detailed accurate monthly financials to our owner for the minimal cost is a great value. I personally could not convey enough sentiment to the amazing people at Ascent.
Margaret Valdez, VP Operations, WestCorp Management Group
I’ve worked with the Ascent team for years. Their process is streamlined and very effective. They are always improving it. Their training is very valuable. Ascent points out opportunities that have helped us drive more revenue even when we think we have maxed out a property’s potential. Their knowledge of the multifamily business is exceptional and they make us look good to our owners.
Texas multifamily management company CEO
“As a manager of more than 60 properties and more than 15,000 units, the efficiencies of the outsourced relationship are significant. We retained just our controller to analyze our numbers. As a result, we saved more than $900,000 annually and it allowed our senior team to focus on our core business. We also freed ourselves from many of the day-to-day employee issues. I will never go back to having my own accounting staff again.”
Michaela Daniels Smith, Founder & President, Upland Residential
I started my multifamily management company in early 2017, most recently having worked for a large firm where I had responsibility for more than 14,000 units. I never thought I would have the opportunity to form a management company, largely due to the overhead expense of corporate payroll to sustain standard functions. After reviewing third party management options, I had an “aha” moment and realized I could outsource many back office departments to minimize overall operating expenses.
After researching accounting firm options, I turned to Ascent because of their specific accounting expertise in the multifamily industry. Initially I transitioned only our accounting to Ascent, but then several months later made the determination to utilize their human resource and payroll services as well. Prior to Ascent I outsourced our payroll services to a national brand name payroll company. The company was too large and I had multiple points of contact. Ascent’s human resources and payroll function has just one point of contact for our firm, and they have been very helpful and efficient.
I highly recommend Ascent Multifamily Accounting. I trust them and they have proven to be reliable, diligent and true to their word. Outsourcing to Ascent has simplified our processes, allowed us to focus on managing our assets, and provided us the opportunity to maintain reasonable corporate expenses.
John Stewart, Principal at Juliet Companies
“We were planning on selling the property soon. Ascent approached us about Section 45L energy tax credits and offered to do a free pre-qualification. They took a quick look at our plans and determined there was a high likelihood we could get the credits. We authorized them to do a field survey and we secured a substantial amount of tax credits. It was definitely worth it to give Ascent a look!”