Real Estate Bookkeeping In Alaska
Anchorage runs both the outcome-based deadlines and the rent-threshold cap at volume. Fairbanks winters constrain what can be inspected and repaired while the deadlines run regardless, which shifts evidentiary weight onto the move-in baseline and makes the 14-day clean path the easier one to miss. Juneau has no road connection, so materials and contractors move by barge and air and the itemisation is routinely made against costs not yet incurred.
Locate the city nearest to you and select your software below to learn more. Don’t see your city? Schedule a meeting with us to learn more about how REA can help your property management accounting needs.
Alaska at a glance
- Security deposit return
- 14 days clean, 30 days with deductions
- Governing statute
- AS 34.03.070
- Cities we publish
- Anchorage · Fairbanks · Juneau
What Alaska Law Changes About Your Books
Deposit Handling and Trust Requirements
Trust and deposit rules are set state by state, and they change the accounting itself, not just the paperwork around it. A deadline is a ledger requirement: you cannot return a deposit inside a statutory window if the ledger cannot say what is owed.
Security deposits
Alaska 34.03.070 sets TWO deadlines by outcome: where no deductions apply, the refund and itemised statement are mailed within 14 DAYS of the tenant returning possession; where deductions are taken, 30 days. A wilful failure on either the deadline or the itemised notice exposes the landlord to twice the amount wrongfully withheld.
Trust and segregation
Deposits and prepaid rent go promptly into a TRUST ACCOUNT with a bank, savings and loan association or licensed escrow agent. The cap is unusual: deposits and prepaid rent COMBINED may not exceed two months' rent where monthly rent is $2,000 or less, and where rent exceeds $2,000 the statute imposes NO maximum. The constraint therefore switches off above a rent threshold, so one portfolio can hold capped and uncapped tenancies and the test is the rent rather than the unit.
What we do about it
- Deposit liabilities tracked per tenant, so a 14 days clean, 30 days with deductions deadline is answerable from the ledger
- Trust accounts reconciled three ways, including every beneficiary balance
- Deduction documentation recorded against the correct ledger, not filed separately
- Aging deposits flagged before the statutory window closes
Summary of statutory requirements provided for orientation. It is not legal advice, and local ordinances can impose stricter rules than the state minimum.
Cities We Cover in Alaska
Market by Market
We work with property managers and investors across all of Alaska, all 229 cities and towns of it. The markets below are the ones we publish Alaska-specific detail for. If yours is not listed, the same team and the same AS 34.03.070 rules still apply.
Anchorage
Alaska sets two different deadlines depending on whether anything is being deducted, and caps deposits by reference to a rent threshold rather than a flat multiple. Both are unusual and both are easy to apply wrongly.
Bookkeeping by platform
Fairbanks
Fairbanks winters make exterior and some interior work seasonally impossible, and Alaska's deposit deadlines take no account of that. The shorter of the two is only 14 days.
Bookkeeping by platform
Juneau
Juneau is not connected to the road system, which changes the economics of everything a property manager does and makes the timing assumptions inside a deposit process unrealistic.
Bookkeeping by platform
Select Your Software
We Work Inside Your Platform, From Anywhere in Alaska
Services Available in This State
Every back-office function below is available on its own or as part of a full monthly close, anywhere in the state.
Experts In All Property Types
Residential, commercial and everything in between. The asset class changes what the books have to prove, and our teams are staffed accordingly.
- Single-Family
- Multifamily
- Student Housing
- Affordable Housing
- Community AssociationsSee the page
- CommercialSee the page
Check Out What Our Clients Have To Say About Us
Property Managers, Investors & Owner Operators
Day-to-day financial operations
REA and team have been nothing but excellent helping our firm with its day to day financial needs. Their expertise, professionalism, and timeliness have made our lives so much easier. We foresee a long relationship with REA and team.
Onboarding and responsiveness
Real Estate Accounting truly is a special company. They helped as if they were a part of our company, with the concern and caution as an employee would have, but even more. They quickly ascertained our needs and developed an effective team to help with our accounting needs. They were extremely responsive and always accurate. I would recommend their services to anyone who needs help with their property management accounting.
Smaller portfolio, still looked after
Adam the owner took a personal interest in my situation and was willing to work with me to see if his company was a good fit. I may be too small for them but I would highly recommend them to anyone considering a bookkeeper for their property management business.
230+
Property Accountants
30M+
Commercial Sq. Ft.
Up to 50%
Saved vs In-House
Every month
On-Time Close
Property Accounting for Alaska Portfolios
Schedule a call and we will walk your Alaska deposit and trust setup, tell you whether it reconciles today, and scope the monthly work.