REA.co Real Estate Accounting & Tax

Full-service monthly RealPage bookkeeping for scaling commercial property managers.

RealPage was built to roll up thousands of multifamily units into one clean owner package, not to track a single office lease's base year and expense stops. When a commercial property sits inside a RealPage portfolio, its CAM coding follows the same chart of accounts and reporting calendar as the residential assets around it, even though the lease, not the ledger, defines what's actually billable.

Schedule a Call

Commercial Real Estate Accounting Inside RealPage

What Changes When You Run This Vertical On This Platform

Where it breaks

Commercial CAM detail buried under multifamily-scale reporting

RealPage's owner packages are built around portfolio-level NOI, dominated by multifamily units, so a miscoded CAM expense on one commercial property rarely moves a number anyone reviews monthly. The coding follows the lease's base year, expense stops, and exclusions, but RealPage itself won't flag an expense posted to the wrong recovery pool. It just reports what it's told. The error compounds for a full year, then surfaces all at once in the CAM true-up: a tenant disputes the bill, or an audit finds the reconciliation doesn't match the lease. By then it's twelve months of journal entries to unwind, not one correction.

How REA handles it

Reconcile the lease before the roll-up ships

REA reconciles each commercial property's CAM coding against the actual lease document before that property's numbers enter the portfolio package, not after the annual true-up forces the question. That means confirming the expense pool RealPage is using for recoveries matches the lease's stated exclusions, that escalations post on the lease anniversary rather than the multifamily fiscal calendar, and that base year figures trace back to the year actually named in the lease. The portfolio roll-up only earns trust once every property underneath it does.

What we check in your RealPage instance

  • Base year figure matches the signed lease
  • CAM expense pool matches lease exclusions
  • Escalations post on lease anniversary, not fiscal calendar
  • Percentage rent breakpoints calculated from lease terms
  • Expense caps verified against lease language yearly
  • Property-level ledger reconciled before portfolio roll-up

The Full Scope of the Engagement

Two Pages Carry the Detail

This page covers what is specific to running Commercial Real Estate books in RealPage. The complete service scope, process, and pricing conversation live on the two pages below.

The vertical

Commercial Real Estate Accounting

Full scope, monthly process, property types, FAQs and the team on the account.

See the Commercial Real Estate page

The platform

RealPage Bookkeeping

What RealPage does well, where its accounting breaks, and how REA works inside your own instance.

See the RealPage page
  1. 01

    Trust Accounting

    Tenant, owner, and security deposit money kept separate, tied out, and ready for a state audit at any time.

  2. 02

    Bank Reconciliation Services

    Every operating, trust, and escrow account reconciled on a fixed schedule, with the variances chased down rather than carried forward.

  3. 03

    Accounts Payable & Receivable

    Vendor invoices coded and paid, tenant receipts applied, management fees taken, and owner distributions cut on time.

  4. 04

    Bookkeeping Cleanup & Catch-Up

    Months or years of unreconciled books diagnosed, corrected, and brought current so the numbers you report are numbers you trust.

  5. 05

    CAM Reconciliation

    Common area maintenance pools built from the lease terms, reconciled against actuals, and billed or credited with a defensible tenant statement.

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.

Check Out What Our Clients Have To Say About Us

Property Managers, Investors & Owner Operators

Client story

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!

SCSara CrosbyReal Estate Investor

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.

SWSteve WilkoOwner Operator

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!

TCTracy CollinsProperty Manager

230+

Property Accountants

30M+

Commercial Sq. Ft.

Up to 50%

Saved vs In-House

Every month

On-Time Close

Schedule a Call

Running Commercial Real Estate On Something Else?

Same Vertical, Different Platform

Frequently Asked Questions

We already get clean owner reports out of RealPage. Why review the commercial side separately?

Portfolio roll-ups at institutional scale are dominated by multifamily NOI, so a coding error on one commercial property's CAM rarely moves a number anyone reviews monthly. It surfaces instead at the annual true-up, when a tenant disputes a bill or an audit finds the numbers don't match the lease. Clean at the portfolio level and correct at the property level are two different checks. We run the second one before the first one gets built.

Does RealPage handle commercial lease terms like base year and expense stops on its own?

RealPage will calculate and hold whatever is set up in the system, but it doesn't check that setup against your lease. If a base year or expense stop was entered wrong when the lease was first abstracted, RealPage applies it correctly and consistently every month, and every CAM bill built on it carries the same error forward. We check the setup itself against the signed lease, not just the math against the setup.

Our portfolio mixes multifamily and commercial inside RealPage. Do we need a separate platform for the commercial side?

No. We work inside RealPage as it's already configured, we don't ask anyone to move platforms or run parallel systems. The work is reconciling each commercial property's CAM coding, escalations, and lease terms at the property level before those numbers roll into the same portfolio package you're already using for owner reporting.

Ready for Accurate Commercial Real Estate Books in RealPage?

Schedule a call with our team to talk through your RealPage instance, what it is doing to your commercial real estate financials, and what REA would take on.