Zalco Realty, Inc., A Property Management Firm: Welcome!

Our Accounting and Financial Services Division is headed by Michael B. Falla, our Chief Financial Officer and one of our two in-house CPAs. Closely assisting Mr. Falla is our Controller, Paul V. Loeffler, CPA. Because consistent and professional accounting and financial services are vital to the success of any real estate investment, this division is Zalco's largest headquartered service arm, comprising almost one-third of the Company's main-office employees. For over thirty years this division has developed and solidified a proven track record by providing its clients with complete financial-management advice, solutions to specific problems, or comprehensive reports and tools necessary for them to perform their own analysis.

Our Financial Division utilizes MRI software, a property-management system that includes full-fledged accounting functions. This system has been in use nationwide throughout the industry for many years and allows cash or accrual-based financial reporting. Within this system, we have established many redundancies to help safeguard our clients' records and data. Behind this system we also employ our own set of checks and balances, along with a strongly defined approval system with respect to items such as: billings and collections; invoice approval and payments; payroll input and disbursements; cash and check handling and deposits. We also maintain separate bank accounts for every client.

All of our clients receive a comprehensive package of standard monthly operating reports. Although this package usually meets the needs of most clients, we can also accommodate specific needs with special customized reports upon request. Our system also allows us to e-mail all of these reports directly to the client for ultimate convenience.

While our financial-services package is only part of the complete management package that our full-service commercial and residential clients receive, one of our more-popular service-menu items is the “Financial-Only Services Program,” which allows clients the opportunity to retain responsibility for their own facilities management, but outsource the often tedious and sometimes complex accounting and financial functions to a third-party professional like Zalco. Among others, the following financial-services options are available to all Zalco clients:

Assessment tracking and collection sales

Monitoring of accounts receivable, accounts payable and check disbursements

Cash management

Preparation of financial statements

Audit support and assistance

Modified cash or accrual accounting

Budget analysis and preparation

Capital-reserve-expenditure tracking

Tracking of reserves and escrow funds

Payroll processing

"Two in-house CPA's on staff."