Financial Management
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- Services
- Property Management
- Financial Management
Financial Management, Belgrade, Serbia. Revenue and Expense Management✓ Maintenance Cost Tracking✓ Financial services, invoicing, auditing and reporting✓
Who we are?
First Facility Group is a leading European company for integrated facility management, property management, and real estate consulting services. We have over 40 years of experience and apply high professional standards, technical expertise, and flexibility. Our goal is the optimal functioning and long-term sustainability of the facilities we manage. We are focused on the needs of our clients, providing solutions that bring efficiency, safety, and savings. We build trust through quality, transparency, and long-term collaboration.
First Facility group
First Facility operates in 9 European countries through a strong regional structure and operational teams. Our model combines local market knowledge with international management standards.
Austria (Vienna, Graz, Linz), Serbia (Belgrade, Novi Sad, Niš), Slovenia (Ljubljana, Maribor), Hungary (Budapest, Debrecen), Bulgaria (Sofia, Plovdiv), Romania (Bucharest, Timișoara), Czech Republic (Prague, Brno), Slovakia (Bratislava, Košice), North Macedonia (Skopje).
We manage hundreds of properties – from office buildings to industrial and commercial complexes. We provide our clients with consistent quality, safety, savings, and strategic support in every market.
Our services
We offer three main categories of services: Facility Management, Property Management, and Facility Consulting. Facility Management includes the technical and infrastructural management of the daily operations of a facility.
Property management encompasses financial, administrative, and commercial management of real estate. Facility Consulting provides strategic advice throughout the entire lifecycle of real estate. Our system helps clients reduce costs and increase the value of their assets.
Financial Management
Asset financial management is an essential component of strategic management that has a direct impact on an investment's stability, liquidity, and long-term value. It goes beyond simple bookkeeping. At First Facility, we see financial management as an instrument for optimizing return on investment, reducing expenses, and making well-informed decisions.
Our approach combines precision, transparency, and digital tools to provide owners with accurate, timely, and useful information about every financial aspect of their property.
What does our financial management service entail?
Preparation and management of the property budget: Based on previous results, market conditions, and planned activities, we create a detailed annual budget for each property. We keep an eye on how the budget is being implemented throughout the year, examine any deviations, and provide the owner with frequent reports that include optimization suggestions.
Monitoring income and expenses: Our income (rental income, shared costs, extra services) and expenses (maintenance, utilities, insurance, third-party services) are always accurately reflected. We evaluate performance on a regular basis and make required corrections.
Invoicing and collection: We manage the entire invoicing process – rent, common expenses, and other fees – in accordance with contracts and applicable laws. We monitor the collection process, send reminders in case of delays, and take further legal action if necessary.
Reporting to the owner: An overview of the situation, key indicators, and a cash flow analysis are all included in the monthly and quarterly financial reports that we prepare. Every report is organized, easy to understand, and designed with strategic decision-making in mind.
Tax and legal compliance: Working together with the legal and accounting departments, we make sure that all tax and financial requirements are met. We keep an eye on legislative changes and promptly synchronize all financial documents and procedures.
Cost control and optimization: Through the examination of market prices and consumption, we find ways to cut costs without sacrificing service quality. We regularly engage in discussions with suppliers in an effort to get the best deal for the owner.
We are confident that quality financial management is the foundation of every successful portfolio. At First Facility, we combine local expertise, international standards, and digital precision to give you complete control over every dinar invested and earned through your assets.
For us, financial management does not just mean reporting – it involves proactively making decisions that protect and enhance your investment.
How can you contact us?
If you have any questions about our services or would like to hire us to manage your property, please contact us through the CONTACT page.
FAQ
Similar Services
Representation of the owner is not just a technical or administrative function – it is a strategic responsibility. In an environment that demands precision, quick response, and a complete understanding of the market, First Facility takes on the role of a reliable representative of the owner with full capabilities—legal, financial, and operational.
In the modern real estate market, leasing is not just a transaction – it is a long-term business relationship that directly impacts income stability, the property's reputation, and the value of the investment. Therefore, Real Estate Lease Management must be precise, systematically conducted, and strategically oriented.
Managing lease agreements is not just an administrative task – it is a key function that directly impacts profitability, revenue stability, and the long-term value of assets. At First Facility, we approach this area strategically, combining legal precision, market knowledge, and operational efficiency to ensure that all leasing relationships are stable, transparent, and aligned with the interests of the owners.
The quality of subcontractor work directly affects the functionality, safety, and image of every property. Therefore, monitoring subcontractors at First Facility is not just operational control – it is a structured and systematic process through which we ensure consistent service quality, compliance with contracts, and maximum value for the owner.
Organizing events in commercial spaces is not just a logistical task – it’s an opportunity to activate the space, connect tenants, and further highlight the owner's brand. At First Facility, we view events as a strategic tool that contributes to the enhancement of the property, increases tenant satisfaction, and strengthens relationships with the local community.
In a dynamic legal and regulatory environment, compliance with laws and regulations is not an option – it is the foundation of responsible asset management. First Facility places compliance with legal and regulatory requirements at the very center of all its activities, as we know that the stability, security, and reputation of the owners directly depend on the legal correctness of every procedure.
Within our Property Management services, a special place is occupied by Fit-Out management - a complex and highly specialized service that includes the entire process of technical and aesthetic adaptation of business premises according to the needs of tenants or owners.
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