Financial Management
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- Services
- Property Management
- Financial Management
Financial Management, Bulgaria, Sofia. Property management✓ Facilities management✓ Income and expenditure management✓ Maintenance expenditure tracking✓
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 of assets is a key pillar of strategic oversight that directly influences an investment’s liquidity, long-term value, and overall stability. It goes far beyond simple accounting. At First Facility, we treat financial management as a tool to increase returns, control costs, and support informed decision-making.
Our method combines accuracy, transparency, and advanced digital tools to deliver timely, reliable, and actionable financial data for every property we manage.
What does our financial management service include?
Budget planning and oversight: Using past performance data, market conditions, and planned operations, we develop a comprehensive annual budget for each property. We track its implementation, analyze variances, and submit regular reports to the owner along with suggestions for optimization.
Tracking revenue and expenditures: All revenue streams (rent, service charges, additional services) and costs (maintenance, utilities, insurance, third-party services) are monitored with precision. We evaluate results regularly and adjust as needed.
Billing and collections: We handle the complete invoicing cycle—including rent, shared expenses, and other charges—in accordance with lease terms and local regulations. We follow up on collections, issue reminders when needed, and initiate legal steps when necessary.
Owner reporting: We deliver structured monthly and quarterly reports that include financial summaries, KPIs, and cash flow analyses—tailored to support strategic decision-making.
Tax and legal compliance: In close coordination with legal and accounting teams, we ensure adherence to all tax and financial regulations. We track regulatory updates and promptly adjust documents and workflows.
Expense control and savings: By analyzing market prices and usage patterns, we identify cost-saving opportunities without compromising service quality. We actively negotiate with suppliers to secure the most favorable terms.
We believe that effective financial management is the foundation of a high-performing real estate portfolio. First Facility combines local know-how, international best practices, and digital precision to give you full insight into every dinar earned or spent.
For us, financial management isn’t just about reports—it’s about proactively shaping decisions that secure and grow 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 more than a technical or administrative role – it is a strategic responsibility. In a fast-paced environment that requires precision, swift action, and deep market insight, First Facility serves as a trusted representative of the owner, equipped with comprehensive legal, financial, and operational expertise.
In today’s real estate landscape, leasing goes beyond a simple transaction – it represents an ongoing business partnership that significantly influences revenue consistency, property image, and overall investment value. That’s why Lease Management needs to be accurate, well-structured, and strategically driven.
Managing lease agreements is more than an administrative duty – it is a crucial function that directly affects profitability, revenue stability, and the long-term value of assets. At First Facility, we handle this area strategically by combining legal accuracy, market expertise, and operational efficiency to ensure all leasing relationships remain stable, transparent, and aligned with owners' interests.
The performance of subcontractors has a direct influence on the functionality, safety, and overall image of any property. At First Facility, overseeing subcontractors is not merely about operational control – it is a structured and methodical process designed to ensure consistent service quality, contractual compliance, and optimal value for the owner.
Organizing events in commercial spaces is more than just a logistical task – it represents an opportunity to activate the space, connect tenants, and further promote the owner’s brand. At First Facility, we consider events a strategic tool that helps enhance the property, boost tenant satisfaction, and strengthen ties with the local community.
In today’s dynamic legal and regulatory landscape, adhering to laws and regulations is not optional—it is the cornerstone of responsible asset management. At First Facility, we place compliance with all legal and regulatory requirements at the heart of our operations, understanding that the owners’ stability, security, and reputation rely directly on the lawful execution of every procedure.
As part of our Property Management services, Fit-Out management holds a significant role – a highly specialized and detailed service that covers the full scope of technical and visual customization of commercial spaces to meet the requirements of tenants or property owners.
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