Insights from Octave Holdings and Investments Internship
As an intern at Octave Holdings and Investments, I have had the incredible opportunity to work closely with the management teams and senior accountants. Through various assignments, I have gained valuable insights into the intricacies of property management, financial analysis, and optimizing operations. In this blog post, I will share my experiences and key learnings from a significant project I worked on during my internship.
An important project I worked on was migrating Common Area Maintenance (CAM) budgeting to the accounting software, AppFolio. This required an in-depth analysis of tenant leases in newly acquired properties to determine their share of the CAM allowance. Through this process, I learned how to read and interpret leases, identify relevant information, and outline the circumstances surrounding CAM budgeting. Additionally, I gained proficiency in using accounting software to streamline financial processes. Working with tenant leases provided me with a comprehensive understanding of the critical aspects involved in property management. I discovered the significance of accurately interpreting lease terms, such as rent escalation clauses, renewal options, and tenant responsibilities. This knowledge allowed me to make informed decisions and effectively contribute to property performance evaluations.
Working alongside the property management team and senior accountants emphasized the significance of effective collaboration and communication. Regular meetings, brainstorming sessions, and feedback loops helped me grasp the intricacies of property management while fostering a productive work environment. I learned the importance of clear and concise communication when collaborating with cross-functional teams.
My internship with Octave Holdings and Investments has been an enriching experience, allowing me to gain practical insights into property management and investment strategies. The opportunity to work on diverse projects has broadened my knowledge base, sharpened my analytical skills, and reaffirmed my passion for real estate. I look forward to applying these learnings as I continue to pursue a career in the business field. I am grateful for this invaluable learning opportunity and excited to contribute to the real estate investment field in the years to come.