Baltimore's rental stock runs from rowhouse portfolios in neighborhoods like Hampden to Section 8 contract properties and mixed-income multifamily near Federal Hill. Entrata was built multifamily-first, with leasing, resident services, and accounting sharing one record, so a renewal, a concession, or a misapplied credit entered by a leasing agent posts straight to the general ledger. For Baltimore property managers running that portfolio mix, one of the more regulated landlord-tenant environments on the East Coast, we treat month-end close as much a review of leasing activity as an accounting exercise.
We work with accountant access inside your own Entrata instance, exactly as you would grant an internal hire.
Maryland rules that apply here
Because Entrata keeps leasing, resident services, and accounting on one record, a concession approved by a leasing agent or a mis-keyed renewal posts directly to the general ledger with no separate review step. On a Baltimore portfolio spanning rowhouse units and mixed-income multifamily buildings, we check leasing transactions during close, not after.
Entrata's resident ledger handles partial payments, subsidy splits, and multiple payer sources on one account, which matters on Baltimore's Section 8 contract properties where a housing authority payment and a tenant payment land against the same unit in the same month. We reconcile both sides so the ledger reflects what was actually received, not what was billed.
Entrata's renewal and rent-roll reporting is built for multifamily operators, which fits mixed-income buildings near Federal Hill and Fells Point where renewal volume runs high. Our team ties renewal terms back to the GL before close so a renewal processed with the wrong concession code does not sit unnoticed until the next audit.
Maryland Real Property § 8-203 gives landlords 45 days after move-out to return a security deposit or send an itemized list of deductions, or forfeit the right to withhold any of it. Entrata tracks deposit balances at the resident ledger level, but move-out charges are typically entered by leasing or maintenance staff, not accounting. If those charges post late or without documentation, the 45-day clock keeps running. We reconcile move-out ledgers against the statute's deadline, not just against the system's balance.
Maryland law requires deposits to be held in a dedicated escrow account and returned with accrued interest, under defined timelines and itemization requirements.
All Maryland requirementsHow we keep you inside it
Baltimore operators use REA for the full monthly close or for the single function that has become a bottleneck. Each one is performed inside your Entrata 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
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!
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.
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.
Entrata's resident ledger records the deposit and any move-out charges against a single resident record, so the itemized deduction list required under Real Property § 8-203 can be pulled straight from the ledger instead of assembled by hand. The gap we watch is timing: if maintenance or leasing enters a move-out charge after the 45-day window opens, the ledger is accurate but the letter goes out late. We track the clock separately from the ledger balance.
Because leasing, resident services, and accounting share one record in Entrata, a concession or lease correction keyed by a leasing agent posts to the general ledger without an accounting review step in between. On other platforms that gap does not exist because leasing and accounting sit in separate systems. We build a leasing-activity review into every close on Entrata specifically, checking concessions, corrections, and credits before they roll into reported financials.
Yes. Many Baltimore clients run a single portfolio that mixes Section 8 contract units, market-rate rowhouse rentals, and mixed-income multifamily buildings under one ownership entity. Entrata's resident ledger separates subsidy payments from tenant-paid rent at the unit level, which we rely on to reconcile housing authority deposits against tenant portions without merging the two income streams into one undifferentiated rent line.
Other Maryland markets, the platforms we work in, and the functions available on their own.
Schedule a call and we will review your Entrata setup, your Maryland deposit handling, and what it takes to close clean every month.