FAQ
Real Estate Accounting Questions, Answered
The questions property managers and investors ask us most, grouped by what they are actually about. Each group links to the page that goes deeper.
Working with REA
More on this page →Who will actually be working on my account?
A named property accounting team plus a client success lead, assigned by asset class: Sharifa Giraldo for residential property management, Will Daege for commercial. They stay on your account rather than rotating, so you are not re-explaining your chart of accounts to someone new each month.
What software do you work in?
AppFolio, Yardi, Buildium, Rent Manager, Entrata, RealPage, QuickBooks, MRI and Propertyware, among others. We take accountant access to your own instance, exactly as you would grant an internal hire, rather than moving you onto a system of ours.
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.
Do you work with both residential and commercial portfolios?
Yes, and they are handled by different leads because they are genuinely different accounting problems. Residential work is weighted toward trust compliance and owner statements; commercial work is weighted toward lease administration and CAM reconciliation. Mixed portfolios are common and get both.
Monthly accounting
More on this page →What is property management accounting?
Property management accounting involves managing the financial operations related to real estate properties, including rent collection, expense tracking, financial reporting, and compliance with tax regulations.
What kind of support do you offer with real estate accounting?
We offer comprehensive real estate accounting support, including day-to-day bookkeeping, financial reporting, tax preparation, and strategic financial planning. Our team is always available to address your questions and provide assistance.
Why should I choose a specialized real estate accounting company?
A specialized real estate accounting company offers expertise and tailored services that address the unique financial needs of the real estate industry.
Can you customize your property management accounting services to meet specific needs?
Absolutely! We offer customized property accounting solutions tailored to meet the unique requirements of each property owner and their portfolio.
What role does a real estate accounting manager play?
Our real estate accounting manager oversees the financial operations of real estate properties, including financial reporting, budgeting, compliance, and strategic planning.
Can you manage multiple property management accounting services?
Yes, our property management accounting services are designed to handle portfolios of all sizes, from single properties to large multi-property portfolios. We provide tailored solutions to meet the specific needs of each client.
What types of tax returns do you prepare for clients?
We can prepare both federal and state tax returns across all 50 states. The most common types of returns are: Individual returns, Form 1040. Partnership returns, Form 1065. State returns across all 50 states. C-Corp and S-Corp returns, Forms 1120 / 1120-S.
How are you able to keep up with the never ending tax preparation rental property code changes?
In addition to ongoing CPE, we leverage the most advanced software to ensure we stay ahead of any changes to the tax code.
What types of businesses do you work with?
We collaborate with real estate investors and small business owners across a wide spectrum. Our clientele includes investors in single-family, multifamily, and commercial properties, regardless of size. We have experience with clients who own just a few properties as well as those managing dozens to hundreds of properties. We also work with wholesalers, agents/brokers, syndicators, flippers, real estate funds, developers, and other real estate business types.
Do you file taxes in all 50 states?
Yes! We help our clients file taxes in all 50 states and ensure all state and local tax codes are followed.
Your software
More on this page →Can you handle both corporate and trust AppFolio bank reconciliation?
Yes, we offer both corporate and trust bookkeeping services tailored to AppFolio users. We manage the complexity of your corporate financial activities as well as ensure meticulous accuracy and compliance in your trust accounting, using AppFolio's comprehensive toolset to manage all aspects effectively.
What kind of financial reports do you provide to AppFolio clients?
We provide detailed monthly financial reports and statements that offer a transparent overview of your business's financial health. These reports are designed to ensure compliance with all trust account regulations and to help you make informed business decisions based on accurate financial data.
How can you help scale my property management business using AppFolio?
By outsourcing your bookkeeping to REA, you can free up valuable resources and focus more on scaling your business. Our efficient handling of your AppFolio bookkeeping and accounting needs allows you to concentrate on acquiring new properties and clients, thus facilitating business growth.
Ready to Streamline Your Accounting?
Schedule a call with our team to learn how REA's outsourced real estate accounting services can help you reduce costs, improve financial accuracy, and focus on growing your portfolio.