Fox Real Estate - Mogul CPA

Building Financial Infrastructure for a Leading Property Manager

CASE STUDY

Fox Real Estate is a prominent property management firm overseeing a large portfolio of residential rental units across multiple corporations. The company specializes in repositioning underperforming assets and managing both owned and third-party properties.

PJ Goupil, Fox Real Estate

Working with Mogul CPA transformed our accounting. When they came on, our books and systems were a mess. Matt and his team not only cleaned up the prior records but also implemented proper processes, transitioned several companies onto HOPEM for consistency, and even recruited and trained our internal accounting staff. Our financial reporting is in far better shape than it has ever been.

The Challenge

When Fox Real Estate approached Mogul CPA, they were operating without a stable or scalable accounting infrastructure:

Incomplete and inconsistent reporting.
Limited documentation of accounting records.
Delays in compliance and remittances.
Minimal financial visibility across the portfolio.
Lack of confidence from third-party property owners due to poor communication and reporting.
Accounting handled part-time and off-hours, causing recurring backlogs.

The Solution

Mogul CPA implemented a fully managed accounting system, taking over all core financial responsibilities except year-end tax filings (now coordinated with the client's external firm):

Ongoing compliance and government filings.
Accounts payable and receivable management.
Lease tracking and rent roll monitoring.
Financial reporting at property and corporate levels.
Support with owner reporting and funding requests.
Migration to a new property management system (HOPEM) for enhanced efficiency.

Engagement phased: first stabilized reporting for third-party managed properties, then internally owned assets.

The Results

Stabilized financial operations within five months.
Full visibility into financial performance, delivered monthly.
Improved communication and trust with property stakeholders.
Efficient, centralized processes eliminating fragmented oversight.
Stronger financial infrastructure to support continued portfolio growth.