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CAM Reconciliation Services in San Diego and Throughout California

Professional OPEX Reconciliation Services for Commercial Property Owners

McKee Commercial | The Herbert Group provides professional CAM / OPEX Reconciliation services in San Diego as well as throughout California for commercial property owners who want accurate operating expense recoveries without managing the annual reconciliation process themselves.

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Our professional commercial property accounting team, including CPAs, handles the lease review, expense analysis, tenant calculations, reconciliation statements, and updated operating expense estimates from start to finish.

 

Our goal is to take CAM Reconciliation off the property owner's plate while helping ensure recoverable operating expenses are properly allocated and billed according to each tenant's lease.

Excel spreadsheet for 2026 Commercial Operating Expense Reconciliation showing property details, expense summaries, tenant allocations, and key metrics for Sample Office Center.

CAM Reconciliation Versus OPEX Reconciliation

CAM Reconciliation is the term most commonly used in commercial real estate.

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CAM stands for Common Area Maintenance. However, common area expenses represent only one portion of the operating costs frequently reimbursed by commercial tenants.

 

OPEX stands for Operating Expenses and more accurately describes the complete reconciliation process because tenant reimbursements frequently include CAM together with property taxes, insurance, utilities, management expenses, and other property operating costs.

 

For this reason, we refer to the complete process as OPEX Reconciliation while continuing to use CAM Reconciliation because it is the term most property owners and tenants recognize.

Open binder on a desk showing organized commercial property expense documents, including property tax bills, utility bills, maintenance service invoices, and insurance premium statements next to a pen and coffee mug.

We Handle the Entire Reconciliation Process

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  • Review each tenant lease

  • Review operating expense provisions

  • Review property accounting records

  • Identify recoverable expenses

  • Classify operating expenses

  • Calculate tenant proportionate shares

  • Calculate property tax recoveries

  • Calculate insurance recoveries

  • Review base years

  • Review expense stops

  • Review operating expense caps

  • Review gross up provisions

  • Calculate tenant balances and credits

  • Prepare tenant reconciliation statements

  • Prepare supporting schedules

  • Establish updated monthly OPEX estimates

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Property ownership receives a completed annual reconciliation without having to manage another accounting and lease administration project.

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Typical Recoverable Operating Expenses

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The individual tenant lease determines which property expenses are recoverable.

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Typical commercial operating expenses include:

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  • Common Area Maintenance

  • Property taxes

  • Property insurance

  • Property management fees

  • Property accounting expenses

  • Administrative expenses

  • Utilities

  • Water and sewer

  • Electricity

  • Natural gas

  • Landscaping

  • Janitorial services

  • Trash and recycling

  • Security services

  • Parking lot maintenance

  • Parking lot sweeping

  • Exterior lighting

  • HVAC maintenance

  • Elevator maintenance

  • Fire alarm monitoring

  • Fire sprinkler inspections

  • Plumbing maintenance

  • Electrical maintenance

  • Roof maintenance

  • General building repairs

  • Common area repairs

  • Pest control

  • Window cleaning

  • Pressure washing

  • Property signage maintenance

  • Preventative maintenance

  • CAM / OPEX Reconciliation expenses

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Our team reviews each lease individually so the reconciliation reflects the actual operating expense provisions negotiated with each ten

Commercial property accounting team reviewing an operating expense analysis chart on a computer screen during a CAM reconciliation meeting.

Professional Accounting Staff Including CPAs

Accurate CAM Reconciliation requires both professional accounting expertise and commercial lease knowledge.

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McKee Commercial | The Herbert Group is supported by experienced commercial property accounting professionals, including CPAs.

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Our accounting team works with the property financial records while our commercial real estate team reviews the lease provisions governing tenant expense recovery.

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This provides property owners with:

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  • Professional accounting oversight

  • Experienced commercial lease review

  • Accurate expense classification

  • Accurate tenant allocations

  • Organized reconciliation schedules

  • Clear tenant statements

  • Updated operating expense estimates

  • Consistent financial reporting

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The result is an organized reconciliation process managed by one experienced team.

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Why Property Owners Outsource CAM Reconciliation: 

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  • Take a time consuming annual responsibility off your plate

  • Improve operating expense recovery

  • Reduce missed tenant reimbursements

  • Improve accounting accuracy

  • Reduce tenant billing questions

  • Maintain cleaner property financial records

  • Improve annual budgeting

  • Establish more accurate future OPEX estimates

  • Reduce administrative workload

  • Provide tenants with professional reconciliation statements

  • Gain access to professional accounting staff and CPAs

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Ownership focuses on the property and investment strategy while our team handles the reconciliation.

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The Cost Is Often Recoverable From Tenants

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Most commercial leases include provisions allowing property management, accounting, administrative, and other operating expenses to be allocated to tenants.

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The cost of preparing annual CAM and OPEX Reconciliations is frequently included within these recoverable operating expenses based on the applicable lease provisions.

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As a result, property ownership often receives professional CAM Reconciliation and accounting support with little or no direct out of pocket cost.

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McKee Commercial | The Herbert Group reviews each applicable lease and allocates eligible reconciliation expenses according to the lease provisions.

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CAM Reconciliation for Self Managing Property Owners

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You do not need full service property management to use our CAM Reconciliation Services.

Our services are designed for:

 

  • Owners managing their own commercial properties

  • Owners with internal property management staff

  • Family ownership groups

  • Partnerships and LLCs

  • Trusts

  • Private commercial real estate investors

  • Owners transitioning between management companies

  • Owners seeking professional accounting oversight

  • Owners of commercial property portfolios

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You continue managing the property while our team takes responsibility for the annual reconciliation process.

 

Commercial Properties We Serve

 

Our CAM and OPEX Reconciliation Services are available for:

 

  • Office Buildings

  • Retail Centers

  • Shopping Centers

  • Medical Office Buildings

  • Industrial Properties

  • Flex Properties

  • Mixed Use Properties

  • Professional Office Parks

  • Multi Tenant Commercial Properties

  • Commercial Property Portfolios

 

CAM Reconciliation Services Throughout San Diego County

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McKee Commercial | The Herbert Group provides CAM Reconciliation, OPEX Reconciliation, Commercial Property Accounting, and Commercial Property Management services throughout San Diego County.

 

We serve commercial property owners throughout San Diego, Mission Valley, Downtown San Diego, Old Town, Hillcrest, Bankers Hill, North Park, Point Loma, La Jolla, University City, Kearny Mesa, Clairemont, Coronado, National City, Chula Vista, La Mesa, El Cajon, Rancho Bernardo, Escondido, Encinitas, Carlsbad, Oceanside, Alpine, and surrounding San Diego County communities.

 

Simplify Your Annual CAM Reconciliation

 

Annual CAM and OPEX Reconciliation does not need to become another major project for property ownership.

 

Our professional commercial real estate and accounting team handles:

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  • Lease review

  • Expense review

  • Tenant allocations

  • Reconciliation calculations

  • Tenant statements

  • Supporting accounting schedules

  • Updated OPEX estimates

  • Accounting support

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You focus on managing your investment.  We handle the reconciliation.

Contact Us Today

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