Case Study
Recovering $18,000 in Unbilled Owner Expenses Across 55 Luxury Rentals
+12% Profitability Through Expense Recovery
$18K
Revenue Recovered
+12%
Profitability Gain
2%
Unbilled Rate Now
Client Snapshot
- Portfolio
- 55 luxury vacation rental properties
- Revenue
- $2.8M annual revenue
- Leakage Rate
- 10 to 20% of monthly expenses never billed to owners
- Audit Period
- 12 months of historical expenses reviewed
Challenges
- Unbilled Expenses10 to 20% of monthly expenses never billed back to owners
- Emergency Repairs AbsorbedCosts absorbed by management instead of passed through
- Vendor Invoice ErrorsCleaning costs untracked and invoices miscategorized
Results
- Revenue Recovered$18,000 annualized through proper owner billing
- Unbilled RateReduced from 15% to 2%
- Profitability+12% management company margin with zero new properties
- Historical Discovery$21,300 in unbilled expenses found in 12-month audit
The Solution
A 12-month audit revealed $21,300 in unbilled expenses. FinAccurex implemented proper owner billing workflows, expense categorization standards, and vendor invoice tracking.
The unbilled expense rate dropped from 10 to 20% down to just 2%, recovering $18,000 in annualized revenue and improving management company profitability by 12% with zero new properties added.
Is This Your Situation?
- Part of each month's expenses is never billed back to owners.
- Vendor invoices are miscategorized, and cleaning costs are not tracked per property.
- Emergency repairs are absorbed by the management company instead of passed through.
Service Used
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