Financial Management
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- Services
- Property Management
- Financial Management
Financial Management, Bucharest, Romania. Revenue and Expense Management✓ Maintenance Cost Tracking✓ Financial services, invoicing, auditing and reporting✓
Who are we?
First Facility Group is a leading European provider of integrated building management, property management, and real estate consultancy 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 buildings we manage. We focus on customer needs, offering 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 dedicated 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, Timisoara), Czech Republic (Prague, Brno), Slovakia (Bratislava, Košice), North Macedonia (Skopje).
We manage hundreds of properties – from office buildings to industrial and commercial complexes. We offer our clients consistent quality, security, 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 the building.
Property Management covers the financial, administrative and commercial management of the properties.
Facility Consulting provides strategic consulting throughout the entire life cycle of a property.
Our system helps clients reduce costs and increase the value of their assets.
Financial Management
The financial management of a property is not just about accounting – it is an essential pillar of strategic management, directly influencing the stability, liquidity and long-term value of the investment.
At First Facility, we see financial management as a tool for making informed decisions, effectively controlling costs and maximizing return on investment.
Our approach combines accuracy, transparency and the use of digital tools to provide owners with clear, up-to-date and relevant information on all financial aspects of their assets.
What does our financial management service include?
Development and management of the annual property budget
Based on past results, market conditions and operating plans, we prepare a detailed budget for each property. We track the budget execution throughout the year, analyze any deviations and send the owner regular reports with recommendations for optimization.
Revenue and Expense Monitoring
We ensure complete and real-time records of revenues (rents, common costs, additional services) and expenses (maintenance, utilities, insurance, external services). We constantly analyze financial performance and intervene promptly, when necessary.
Billing and Collection
We manage the entire billing process – rents, common costs and other fees – in accordance with contracts and applicable legislation. We track collections, send notifications in case of delays and, if necessary, initiate legal measures to recover receivables.
Financial Reporting for the Owner
We provide monthly and quarterly reports that provide a clear picture of the financial situation, key indicators and cash flows. The reports are structured and tailored to support the owner’s strategic decisions.
Tax and Legal Compliance
In collaboration with the legal and accounting teams, we ensure that all tax and legislative obligations are met. We constantly monitor legislative changes and proactively adapt processes and documentation.
Cost control and expense optimization
By analyzing consumption and comparing market prices, we identify opportunities to reduce costs without compromising the quality of services. We negotiate with suppliers to obtain the best value for money for our client.
We are convinced that efficient financial management is the basis of any successful portfolio.
At First Facility, we combine local expertise with international standards and digital precision to give you total control over every lei invested and earned from your property.
For us, financial management is not just about reporting – it is about proactive actions that protect and increase the value of your investment.
How can you contact us?
If you have any questions about our services or wish to hire us for facility management, please reach out through our CONTACT Us page.
FAQ
Similar Services
Owner representation is not just a technical or administrative function – it is a strategic responsibility.
In an environment that requires precision, rapid response and a deep understanding of the market, First Facility acts as a trusted partner of the owner, taking on the role of a representative with full capacity – legal, financial and operational.
In the modern real estate market, renting is not just a transaction – it is a long-term business relationship, which directly influences the stability of income, the reputation of the property and the value of the investment. For this reason, the management of rental contracts (Lease Management) must be precise, structured and strategically oriented.
Managing leases is not just an administrative task – it is an essential function that directly impacts the profitability, revenue stability and long-term value of the property. At First Facility, we approach this activity strategically, combining legal precision, market knowledge and operational efficiency to ensure that all contractual relationships are stable, transparent and aligned with the interests of the landlord.
The quality of services provided by subcontractors directly influences the operation, safety and image of a property. Therefore, at First Facility, their supervision is not just an operational check, but a well-organized process through which we ensure compliance with contracts and quality standards. Through periodic controls, constant communication and performance assessments, we ensure that each supplier delivers real value and supports the owner's objectives.
Organizing events in commercial spaces is not just a logistical task – it is an opportunity to activate the space, create connections between tenants and highlight the landlord’s brand. At First Facility, we view events as a strategic tool that contributes to increasing property value, improving tenant satisfaction and strengthening the relationship with the local community.
In a dynamic legal and regulatory environment, compliance with the law is not an option – it is the foundation of responsible property management. At First Facility, compliance with legal requirements and regulations is at the heart of all our activities, as we know that the stability, safety and reputation of the owner directly depend on the legal correctness of each action.
Within our Property Management services, a special role is played by the management of fit-out works (Fit-Out) – a complex and specialized service that covers the entire process of technical and aesthetic adaptation of office spaces, in accordance with the requirements of tenants or owners.
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