Real Estate Accounting in Fayetteville
Northwest Arkansas has grown fast, and growth is what moves owners across Arkansas's exemption boundary. An owner who qualified two years ago may not qualify now, and nothing marks the crossing.
Proud AppFolio Stack™ Partners, working directly inside your AppFolio instance.
Arkansas rules that apply here
- Deposit return deadline
- 60 calendar days
- Statute
- Ark. Code 18-16-305
Why Arkansas Real Estate Professionals Choose REA
AppFolio Expertise, Applied to Fayetteville
Experts in AppFolio Bookkeeping
The exemption depends on how many dwelling units the individual landlord owns together with spouse and minor children, and on whether paid third-party management is used. Both can change without any decision that feels like a compliance event: buying one more house, or bringing in a manager for a property that was self-managed. The obligations that attach are not phased in, they simply apply.
Assigned, Responsive Team
That makes owner-level facts part of the accounting record. Unit count belongs at the owner level rather than only at the entity or property level, because the test is measured across the family holding rather than per LLC. A portfolio structured as several entities can still fall outside the exemption when counted the way the statute counts.
Accurate Monthly Bookkeeping
We therefore operate every managed property to the statutory standard, and record owner-level unit counts so the position is documented. The 60-day return with an itemised written notice is the requirement to meet, and meeting it universally costs less than assessing eligibility repeatedly.
Deposit Compliance for Fayetteville Portfolios
Ark. Code 18-16-305
Arkansas 18-16-305 requires the deposit returned within 60 days of termination of the tenancy and delivery of possession, with any application to unpaid rent and damages itemised in a written notice delivered with the remainder due. For leases entered or renewed after November 2021 the cap is two months' periodic rent.
Arkansas is unusual in EXEMPTING a class of landlord entirely: an individual who, with spouse and minor children, owns a small number of dwelling units and does not use paid third-party management. Two consequences follow. Engaging a manager can itself move an owner outside the exemption, and unit count is measured across the family holding rather than per entity, so a multi-LLC structure can still fall outside it. For a management company the exemption is largely academic: once paid management is involved, operate to the statutory standard.
All Arkansas requirementsHow we keep you inside it
- Deposit liabilities tracked per tenant in AppFolio, so a 60 calendar days 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 Fayetteville 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 Fayetteville 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
Fayetteville 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
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!
As REA exclusively specializes in Real Estate, I rest easy knowing my financials are precise every month while saving money at the same time, an invaluable benefit.
Frequently Asked Questions
Our owner has been buying more properties. Does that matter?
It can. The exemption depends on units owned by the individual together with spouse and minor children, so growth can move an owner outside it with no moment that feels like a compliance event.
We hold everything in separate LLCs. Does that help?
Not necessarily. The test is measured across the family holding rather than per entity, so a multi-LLC structure can still fall outside the exemption when counted the statutory way.
So what do you actually do?
Operate every managed property to the statutory standard and record owner-level unit counts. Meeting the 60-day itemised requirement universally costs less than assessing eligibility repeatedly.
More in Arkansas
Other Arkansas markets, the platforms we work in, and the functions available on their own.
AppFolio Bookkeeping for Fayetteville
Schedule a call and we will review your AppFolio setup, your Arkansas deposit handling, and what it takes to close clean every month.