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Light House Realty – CFO case study

Company overview

Light House Realty LV is a small real estate brokerage and property management company with a dozen agents.

The challenge

An owner-operator focused on building his business, combined with the lack of a formally trained internal resource to provide proper bookkeeping, had resulted in significant (and unexpected) tax bills when filings were due. Without cash flow visibility, future projections, and an understanding of operating costs, business growth had stagnated. When his CPA told him there wasn’t anything else that they could do to help him improve his situation, he turned to Hemlock for an option.

Solutions implemented

We implemented a fractional CFO plan to encompass the entire back-office operations of the business, developed financial KPI’s to value the business’s core actions, and developed reports to project cash flow and improve profits.

Outcome/results

Saved $20,000+ in taxes year over year Enabled the owner to complete a life goal of getting a pilot’s license

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