Property Management Accounting
Property management accounting covers the full set of financial tasks a property management company needs to stay accurate and compliant — trust account reconciliations, owner statements, monthly financial reporting, and a chart of accounts built for multiple properties and owners. It’s more specialized than general small-business bookkeeping, since owner funds, trust liabilities, and operating expenses all have to be tracked and reported separately. The articles below walk through the day-to-day mechanics — reconciliations, financial statements, software, and the compliance rules behind them. For a done-for-you option, see Property Ledger’s property management accounting service, built specifically for property management companies.
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Landlord Insurance Cost: What Drives It and How to Book It Correctly
Landlord insurance cost is one of the few big rental expenses that surprises owners twice: once when the quote arrives, and again at tax…
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Rent Ledger Template: Columns to Include and How to Keep It Accurate
A rent ledger template is the simplest tool a landlord or property manager can use to answer one question with confidence: what does this…
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CAM Reconciliations: A Year-End Walkthrough for Property Managers
CAM reconciliations happen once a year, and they decide whether tenants trust your billing. All year you charged estimated common area maintenance. At year-end…
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Property Manager Duties: What the Job Covers and Which Ones Are Financial
Ask ten owners what property manager duties include and you will hear about tenant calls, showings and repair requests. Ask the property manager and…
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Rental Property Bonus Depreciation: Rules and Record-Keeping
Rental property bonus depreciation lets an owner deduct a large share of certain assets in the first year instead of spreading the deduction across…
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CAM Charges Explained: What Tenants Pay and How Landlords Bill It
CAM charges are the fees a commercial landlord bills tenants for the upkeep of the parts of a property that everybody uses: the parking…
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Property Management License: The Accounting Duties That Come With It
Whether you need a property management license depends on where you operate and what you do. In many states, collecting rent or handling other…
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Rental Income Tax: What Landlords Report and Deduct
Rental income tax is the tax you owe on the money your properties bring in after you subtract what it costs to operate them.…
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Tenant Ledger: How to Set One Up and Keep It Clean
A tenant ledger is the running record of everything a single tenant has been charged and everything that tenant has paid. When a tenant…
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Property Management for Airbnb: The Accounting Side Hosts Overlook
Property management for Airbnb usually gets described in terms of guests, listings, cleaners and pricing. The money side gets less attention until a payout…