Real Estate Accounting in 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.
Proud AppFolio Stack™ Partners, working directly inside your AppFolio instance.
Alaska rules that apply here
- Deposit return deadline
- 14 days clean, 30 days with deductions
- Statute
- AS 34.03.070
Why Alaska Real Estate Professionals Choose REA
AppFolio Expertise, Applied to Anchorage
Experts in AppFolio Bookkeeping
Where no deductions apply, the refund and itemised statement are mailed within 14 days of the tenant returning possession. Where deductions are taken for damage, unpaid rent or other valid charges, the period is 30 days. Like Montana, the inspection outcome decides the deadline, so a clean move-out has to be identified quickly rather than processed on the same cycle as everything else.
Assigned, Responsive Team
The cap is stranger. Security deposits and prepaid rent combined may not exceed two months' rent where the monthly rent is $2,000 or less, and where rent exceeds $2,000 the statute imposes no maximum. So the constraint switches off above a threshold, which means the same portfolio can contain capped and uncapped tenancies and the test is the rent rather than the unit.
Accurate Monthly Bookkeeping
Everything sits in a trust account with a bank, savings and loan association or licensed escrow agent, and a wilful failure on the deadline or the itemised notice exposes the landlord to twice the amount wrongfully withheld.
Deposit Compliance for Anchorage Portfolios
AS 34.03.070
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.
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.
All Alaska requirementsHow we keep you inside it
- Deposit liabilities tracked per tenant in AppFolio, so a 14 days clean, 30 days with deductions deadline is answerable from the ledger
- Trust accounts reconciled three ways every month
- Deduction documentation recorded against the correct ledger
- Aging deposits flagged before the statutory window closes
Appfolio Bookkeeping Services from REA
Available to Anchorage Operators
Trust Bookkeeping
Leverage Appfolio's powerful bookkeeping capabilities with REA's tailored service.
See how it worksCorporate Bookkeeping
REA's skilled team, in combination with Appfolio's comprehensive toolset, addresses the complexity of your corporate financial activities.
See how it worksBank Reconciliations
Employing Appfolio's state-of-the-art system, REA offers bank reconciliation services that brings meticulous accuracy to your finances.
See how it worksFinancial Diagnostic Cleanup
REA utilizes Appfolio's advanced diagnostic tools to swiftly and effectively troubleshoot financial anomalies.
See how it worksTrust Compliance
REA pairs its accounting prowess with Appfolio's detailed reporting to deliver comprehensive Trust Compliance Verification services.
See how it worksAppFolio Accounting & Bookkeeping Services
For Anchorage Portfolios
- Process Review & Set Up
- Bank Reconciliations
- AP / AR
- Accurate NOI, Balance Sheets
- Recording HUD's & Accruals
- Owner Distributions
- Monthly Statements & Reports
- Management Fees
- Corporate Bookkeeping
- Tenant Chargebacks
Take the Whole Close, or One Function
Anchorage operators use REA for the full monthly close or for the single function that has become a bottleneck. Each one is performed inside your AppFolio instance.
Trust Accounting
Compliant, audit-ready trust funds
Learn moreBank Reconciliation Services
Three-way reconciliation, every account
Learn moreAccounts Payable & Receivable
Bills paid, rent collected, owners paid
Learn moreBookkeeping Cleanup & Catch-Up
Back books fixed and current
Learn moreCAM Reconciliation
Annual commercial true-ups
Learn moreExperts In All Property Types
- Single-Family
- Multifamily
- Student Housing
- Affordable Housing
- Community Associations
- Commercial
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
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.
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.
Following a series of erroneous financials from my previous bookkeeper, who lacked expertise in real estate, it's been truly remarkable to receive not only accurate financials on a consistent basis but also proactive advice without prompting. The REA team is a game-changer in real estate accounting!
Frequently Asked Questions
Is the Alaska deadline 14 or 30 days?
Fourteen where no deductions apply, 30 where they do. The inspection outcome decides it, so clean move-outs have to be identified and separated quickly.
How does the deposit cap work?
Deposits and prepaid rent combined may not exceed two months' rent where monthly rent is $2,000 or less. Above $2,000 the statute imposes no maximum, so the constraint switches off by rent level rather than by unit.
Where do the funds have to sit?
In a trust account with a bank, savings and loan association or licensed escrow agent, and a wilful failure exposes the landlord to twice the amount wrongfully withheld.
More in Alaska
Other Alaska markets, the platforms we work in, and the functions available on their own.
AppFolio Bookkeeping for Anchorage
Schedule a call and we will review your AppFolio setup, your Alaska deposit handling, and what it takes to close clean every month.