Industry
Bookkeeping for Real Estate & Property Management
Per-property profit and loss statements, owner statements that reconcile, and a fixed asset schedule that is actually current.
Book a free consultationWhy this industry needs a different setup
Property portfolios are where bookkeeping most often collapses into a single lump. Without per-property reporting there is no way to tell which door is carrying the portfolio and which one is dragging it.
What gets tracked
- Property-level and unit-level profit and loss reporting
- Owner statements and distributions for managed portfolios
- Security deposit liability tracked separately from operating cash
- Fixed asset schedules, capital improvements and depreciation
- Mortgage, escrow and closing statement entries booked correctly
- 1031 exchange record keeping
- Commission tracking for brokerages and agents
- Vendor and maintenance cost tracking by property
- 1099 filing for contractors and, where required, for owners
How we work with you
Everything is delivered remotely, so it makes no difference whether you are in Little Rock, Chicago or Sacramento. Bank feeds, cloud accounting and a monthly call are the whole mechanism. Books are kept in QuickBooks Online or Xero — whichever suits the business — and payroll, sales tax and 1099 filings are handled in every state you operate in.
Common questions
Can I get a profit and loss statement per property?
Yes — using class or location tracking so each property reports on its own while still rolling up to a portfolio view.
How are security deposits handled?
As a liability, not income. They are not your money, and in most states they are legally required to be treated that way.
Do you handle closing statements?
Yes. A settlement statement has a dozen lines that go to different accounts, and booking the whole thing to one is a common and expensive error.
Bookkeeping for real estate & property management, anywhere in the US
Book the free consultation and you will leave the call with a scope, a price and a clear view of what your books should be tracking.
Mo answers his own phone. Same-day reply, every time.