Expert Monthly Bookkeeping For Commercial Property Managers & Investors.
Commercial property investors and managers like you oversee large, diverse portfolios: office buildings, retail spaces, or industrial properties. This comes with unique challenges: complex assets, high stakes, and the need for accurate, compliant financials to make informed investment operating decisions.
REA understands these demands and offers expert bookkeeping specifically designed for commercial real estate portfolios. Ready to simplify your financial management? Reach out to REA today to learn how we can support your portfolio's growth and help you achieve your investment objectives with ease.
With years of commercial real estate accounting experience, we are experts when it comes to completing the monthly bookkeeping. From JD Edwards to AppFolio, Yardi, to MRI, we are software agnostic at REA.
30M+Commercial Sq. Ft.
230+Property Accountants
SoftwareAgnostic
Why Commercial Property Management Companies Choose REA
Scale, Cost, and Genuine Commercial Depth
They can't hire fast enough to scale.
When your business is scaling, the last thing you want to deal with is growing your accounting department. Let REA's world-class commercial real estate accountants handle it instead while you focus on revenue generating activities.
They want to spend less on accounting fees.
Hiring, managing, and training a full-time staff costs a lot of money. With our flexible, fractional based pricing, you can increase your bottom line while gaining the flexibility of scaling up and down whenever you want.
They need an expert in commercial real estate.
With years of commercial real estate accounting experience, we are experts when it comes to completing the monthly bookkeeping. From JD Edwards to AppFolio, Yardi, to MRI, we are software agnostic at REA.
Commercial Real Estate Bookkeeping from REA
Built Around the Lease, Not Just the Ledger
Property Bookkeeping
We are experts in commercial real estate bookkeeping. Ensure your financials are timely, compliant and audit ready.
Corporate Bookkeeping
Along with the property financials, we can also assist with all your corporate bookkeeping, which helps streamline your intra-company financials.
Lease Administration
Simplify lease management with organized, compliant solutions. From extractions to implementing, we can handle it all.
Financial Diagnostic Cleanup
Financials behind? We've handled hundreds of clients that had complex onboarding projects needing completed.
See how it worksCAM Reconciliations
Our team will ensure precise, fair allocation of CAM costs across tenants.
See how it worksThe Full Scope
- Lease Administration & Abstraction
- Accounts Payable & Receivable
- Monthly Financial Reports
- Tenant Invoicing & Chargebacks
- Accurate NOI, Balance Sheets
- + 7 more below
Commercial Property Management Accounting Services
- Lease Administration & Abstraction
- Accounts Payable & Receivable
- Monthly Financial Reports
- Tenant Invoicing & Chargebacks
- Accurate NOI, Balance Sheets
- Recording HUD's & Accruals
- Bank Reconciliations
- Owner Draws & Management Fees
- CAM Reconciliations / 1099s
- Capital Improvements
- D&C Accounting
- Corporate Books
Also available on its own
- Trust AccountingTenant, owner, and security deposit money kept separate, tied out, and ready for a state audit at any time.
- Bank Reconciliation ServicesEvery operating, trust, and escrow account reconciled on a fixed schedule, with the variances chased down rather than carried forward.
- Accounts Payable & ReceivableVendor invoices coded and paid, tenant receipts applied, management fees taken, and owner distributions cut on time.
On Commercial, the Lease Is the Source of Truth
Why the Ledger Is Downstream of the Document
Residential accounting runs on a rent roll. Commercial accounting runs on a stack of individually negotiated leases, each with its own base year, its own expense stops, its own exclusions and caps, and its own escalation schedule. Every number you bill a tenant traces back to a clause somebody wrote.
What makes it different
Predictable revenue you can actually model
Long lease terms, contractual escalations, and expense recovery mean commercial income is forecastable in a way residential rarely is. Where the lease administration is clean, budgeting, NOI reporting, and valuation all get easier rather than harder.
Where it goes wrong
CAM is where a year of small errors surfaces at once
The annual true-up is the moment every mis-coded expense, every pool a tenant should have been excluded from, and every cap nobody applied arrives in one tenant statement. Disputes are expensive, they damage tenant relationships, and they usually turn out to be an abstraction problem from three years ago rather than an accounting problem from last month.
How we work it
We abstract the lease, then reconcile to it
REA does lease abstraction and administration alongside the bookkeeping, so the CAM pools, the recovery method, and the exclusions come from the executed document rather than from whatever the previous accountant assumed. That is why our commercial reconciliations survive a tenant audit.
Commercial Real Estate Accounting, Platform by Platform
Pick the Software You Actually Run
The accounting problem changes with the platform underneath it. Each page below is the specific version of commercial real estate bookkeeping for that system.
- AppFolioCAM math runs on setup, not the lease
- BuildiumCAM recoveries drift silently from lease terms
- EntrataLease terms forced into Entrata's residential charge codes
- QuickBooksCAM true-ups exposing a year of misallocated costs
- Rent ManagerCustom charge codes silently drift from lease terms
- YardiYardi calculates precisely off a wrong lease setup
- MRILease abstraction and CAM billing drifting apart
- RealPageCommercial CAM detail buried under multifamily-scale reporting
How Our Commercial Property Management Services Work
Outsourced Commercial Real Estate Accounting with REA
- 1
We review your account.
We won't waste your time. As soon as we get access to your account, we'll begin analyzing your financials. Every property. Every unit. Every report. If we find any inconsistencies or problems, we fix them, making sure your financials are accurately reconciled.
- 2
Monthly bookkeeping begins.
Once your financials are accurate, we begin our monthly commercial real estate accounting services. From bank reconciliations to AP/AR to reporting come month end, we act as your full stack financial team.
- 3
Receive monthly reports & distributions.
Our team of commercial real estate accountants will help calculate management fees, owner distributions, and provide audit-ready financial statements for you and your LP's to review.
You Get a Team With Names, Not a Ticket Queue
Who Actually Works On Your Commercial Real Estate Books
Outsourced accounting fails when nobody owns the account. At REA you are assigned a property accounting team and a client success lead who knows your portfolio, your owners, and your quirks. They stay on your account, so you are never re-explaining your chart of accounts to someone new.
Sharifa Giraldo, CPA
VP, Client Success
Residential Property Management
20+ years of property accounting, a CPA since 2015, and a specialist in third-party management and platform migrations.
Will Daege
VP, Client Success
Commercial Property Management
25+ years across retail, office, industrial, and multifamily, including Portfolio Controller for The Related Companies' New York development portfolio.
How we work together
- A named team, not a poolThe same property accountants close your books every month.
- Reachable the way you already workEmail, phone, video, or Slack. Urgent items get answered the same day.
- Inside your Commercial Real EstateWe take accountant access to your instance, exactly as you would grant an internal hire.
- 230+ property accountants behind themCoverage when someone is out, and a specialist to escalate to when a lease or a trust question gets strange.
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
- Commercial
Check Out What Our Clients Have To Say About Us
Property Managers, Investors & Owner Operators
Came from a bookkeeper who did not know real estate
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!
Real-estate-only specialists
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.
Handed over the whole accounting function
I highly recommend Real Estate Accounting (REA) services from this group. They truly are great and have helped us tremendously at a time we needed it the most. I felt very comfortable giving up all my accounting responsibilities to this team and I'm still glad I made the decision to work with this group. Nothing less than an amazing experience!
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
We Also Work With
Every Vertical Has Its Own Way of Breaking
- Property ManagementThird-party managers scaling past their bookkeeping
- Owner OperatorsBuying units without adding accounting headcount
- Assisted LivingResident billing alongside property accounting
- DevelopersDraws, capitalisation and job-level cost
- HOAsAssessments, reserves and board-ready reporting
- SyndicatorsWaterfalls, GP/LP splits and investor reporting
- ConstructionJob costing, WIP and retainage
Frequently Asked Questions
Do you handle CAM reconciliations and tenant true-ups?
Yes. We build the CAM pools from the executed lease terms, reconcile them against actual expenses, apply any caps, base years, and exclusions the lease specifies, and produce a tenant statement with the supporting detail behind it. CAM reconciliation is also available as a standalone engagement.
Can you abstract our leases as well as do the bookkeeping?
Yes. Lease abstraction and administration sit alongside the monthly bookkeeping, which is the point: the recovery method, escalation schedule, and exclusions used in your billing come from the document itself rather than from an assumption inherited with the portfolio.
What commercial software do you work in?
We are software agnostic. Our teams work in Yardi, MRI, AppFolio, RealPage, JD Edwards, and others, using accountant access to your own instance rather than exporting your data to a parallel ledger.
Do you work with mixed portfolios of commercial and residential?
Yes, and it is common. Mixed portfolios are usually where the accounting gets hardest, because commercial recovery billing and residential deposit handling have to coexist in one chart of accounts without contaminating each other.
Can you produce audit-ready reporting for our lenders and LPs?
Yes. Our monthly package includes audit-ready financial statements, accurate NOI and balance sheets, and the supporting schedules lenders and limited partners expect. We also calculate management fees and owner distributions.
How do you access our accounting software?
Clients create and administer individual user access for authorized REA personnel within the client's own software environment. REA does not provide, resell, or sublicense software access. Clients retain control over access permissions and remain responsible for administering access in accordance with their software agreements and internal security policies.
Ready for Commercial Books That Survive a Tenant Audit?
Schedule a call with our team to learn how REA handles lease administration, CAM reconciliation, and the monthly close for commercial portfolios.