Jacksonville property managers juggle single-family rentals, multifamily complexes, and commercial space, a mix shaped by the city's rapid growth and by steady demand from Naval Air Station Jacksonville. MRI is built for that commercial side: its lease administration and CAM reconciliation modules handle multi-tenant income better than platforms designed only for residential. But MRI ships as separate modules stitched together, and Jacksonville books usually break at the seam between them, not inside any one module. A lease abstracted in the leasing module and billed from the property module can disagree, and nobody notices until reconciliation.
We work with accountant access inside your own MRI instance, exactly as you would grant an internal hire.
Florida rules that apply here
Most bookkeepers work inside whichever MRI module they're handed. We check the seams instead: does the lease abstract in the leasing module match what actually billed out of the property module? For Jacksonville's commercial-weighted engagements, that handoff is where CAM charges and lease terms quietly drift apart, and where we catch it first.
Jacksonville's commercial and mixed-use stock keeps expanding as the city grows, and CAM reconciliation is where MRI is strongest, provided someone actually walks each pass-through charge back to the lease language. We run that reconciliation on a schedule instead of at year-end, so tenant billing disputes get caught before they turn into a rent-roll headache.
No two MRI instances are configured the same way, and Jacksonville property managers running single-family, multifamily, and commercial in one system feel that most. We don't apply a generic MRI template. We map how your instance abstracts leases, routes CAM, and posts deposits, then build reconciliation around that configuration, not the one we used for the last client.
Florida Statutes Chapter 83 gives you 30 days from written notice to return a security deposit or send an itemized statement of deductions. MRI's deposit trust ledger usually lives in a different module than the lease and CAM data that gets the most attention in commercial-weighted engagements, so it's easy for the ledger to go stale while everyone is focused on lease administration. We reconcile the trust ledger against move-out records directly, so the itemized statement goes out inside the 30-day window regardless of which module holds the lease.
Florida Statutes Chapter 83 requires deposits to be held in a separate Florida bank account or covered by a surety bond, with written notice to the tenant within 30 days of receipt and strict timelines for return or itemized claim.
All Florida requirementsHow we keep you inside it
Jacksonville operators use REA for the full monthly close or for the single function that has become a bottleneck. Each one is performed inside your MRI instance.
Compliant, audit-ready trust funds
Learn moreThree-way reconciliation, every account
Learn moreBills paid, rent collected, owners paid
Learn moreBack books fixed and current
Learn moreAnnual commercial true-ups
Learn moreResidential, commercial and everything in between. The asset class changes what the books have to prove, and our teams are staffed accordingly.
Property Managers, Investors & Owner Operators
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.
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!
Not on its own. MRI's trust accounting module records deposit transactions, but it doesn't flag Florida Statutes Chapter 83's 30-day return or itemization deadline the way a purpose-built residential platform might. In commercial-weighted MRI engagements, deposit tracking often gets less configuration attention than lease and CAM setup. We track move-out dates against the statute manually and reconcile the ledger before the deadline, so the deposit clock never depends on MRI catching it first.
Because the lease abstract and the billing usually live in different MRI modules, and they don't always reconcile automatically. A lease can be abstracted correctly with the right escalation schedule, then billed at an old rate because the property module wasn't updated when the leasing module changed. We check both sides of that handoff on every cycle instead of trusting that one correct entry means the whole chain is correct.
Yes, and that mix is common here. MRI's CAM reconciliation and lease administration modules are built for the commercial side, while the residential units still need standard trust accounting and deposit handling. We keep both books on the same reconciliation schedule rather than treating the commercial buildings as a specialty project bolted onto the residential work, which is usually where mixed Jacksonville portfolios start to drift.
Other Florida markets, the platforms we work in, and the functions available on their own.
Schedule a call and we will review your MRI setup, your Florida deposit handling, and what it takes to close clean every month.