Expert MRI Bookkeeping Services For Scaling Property Investors & Managers In Baltimore
Baltimore property managers on MRI usually run two portfolios in one instance: commercial retail or office space billed through CAM reconciliation, and residential rowhouse or mixed-income multifamily units, some under Section 8 housing assistance contracts. MRI's lease administration module handles the commercial side well. The residential side depends on a different module actually being configured and reconciled against it. Our team closes that gap so Baltimore CAM schedules and residential deposit ledgers both stay accurate, not just the commercial half MRI was built around.
We work with accountant access inside your own MRI instance, exactly as you would grant an internal hire.
Maryland rules that apply here
- Deposit return deadline
- statutory timeline
- Statute
- Maryland landlord-tenant statute
Why MRI Operators in Baltimore Come to REA
Enterprise and modular, strong on commercial
CAM Reconciliation Across Modules
We reconcile CAM schedules between MRI's lease administration and general ledger modules, catching the estimate-to-actual true-ups that build up on Baltimore's mixed commercial and residential portfolios. When a lease is abstracted in one module and billed from another, we verify the two agree every period instead of letting the gap surface at year-end reconciliation.
Residential Ledgers, Configured Right
Baltimore portfolios running MRI often carry Section 8 contract rent alongside market-rate residential units, and each needs its own draw schedule and tenant ledger inside a module MRI wasn't built primarily to run. We configure and monitor that side directly so contract rent draws, deposit accounting, and tenant statements reconcile against the commercial general ledger every month.
Built For Your Instance
No two MRI deployments in Baltimore look alike, one firm's instance abstracts leases differently than the next, and rowhouse portfolios acquired piecemeal often carry inconsistent unit-level setups from prior systems. We work inside your specific configuration rather than a generic MRI template, so bookkeeping matches how your instance actually calculates CAM, rent, and recoveries.
MRI and Maryland Deposit Rules
Maryland landlord-tenant statute
Maryland's security deposit statute, Real Property Article Section 8-203, gives landlords 45 days to return a deposit or send an itemized list of deductions. MRI doesn't have a dedicated deposit compliance flag, deposit balances live wherever the residential module was configured, and on Baltimore's mixed commercial-residential instances that module often gets less attention than the CAM side. We track deposit ledgers against the 45-day clock directly, so an itemized statement goes out on time regardless of which module holds the 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
- Deposit liabilities tracked per tenant in MRI, so a statutory timeline deadline is answerable from the ledger
- Trust accounts reconciled three ways every month
- Deduction documentation recorded against the correct ledger
- Aging deposits flagged before the statutory window closes
MRI Accounting & Bookkeeping Services
For Baltimore Portfolios
- Process Review & Set Up
- Bank Reconciliations
- AP / AR
- Accurate NOI, Balance Sheets
- Recording HUD's & Accruals
- Owner Distributions
- Monthly Statements & Reports
- Management Fees
- Corporate Bookkeeping
- Tenant Chargebacks
Take the Whole Close, or One Function
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 MRI instance.
Trust Accounting
Compliant, audit-ready trust funds
Learn moreBank Reconciliation Services
Three-way reconciliation, every account
Learn moreAccounts Payable & Receivable
Bills paid, rent collected, owners paid
Learn moreBookkeeping Cleanup & Catch-Up
Back books fixed and current
Learn moreCAM Reconciliation
Annual commercial true-ups
Learn moreOn a Different Platform in Baltimore?
We Work Inside All of Them
Experts In All Property Types
- Single-Family
- Multifamily
- Student Housing
- Affordable Housing
- Community Associations
- Commercial
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
- CommercialSee the page
Check Out What Our Clients Have To Say About Us
Property Managers, Investors & Owner Operators
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.
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.
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!
Frequently Asked Questions
Does REA handle Maryland's security deposit itemization deadline for our MRI portfolio?
Yes. Maryland Real Property Article Section 8-203 requires landlords to return a security deposit or send an itemized statement of deductions within 45 days of lease termination. We track that deadline against the deposit ledger directly rather than relying on MRI to flag it, since deposit accounting sits inside whichever module your instance uses for residential units, and confirm the statement goes out on time every cycle.
Why does CAM reconciliation break on our MRI instance sometimes?
Usually it's a handoff problem, not an MRI bug. A lease gets abstracted in the lease administration module with one set of terms, then billed from a different module using terms that were updated on one side but not the other. On Baltimore's commercial-weighted MRI portfolios, that gap shows up in CAM true-ups. We reconcile both sides against the general ledger every period so the mismatch gets caught before it reaches a tenant statement.
Our Baltimore portfolio mixes Section 8 contract properties, market-rate rowhouses, and a few commercial leases. Can REA handle all of that on one MRI instance?
That mix is common here, and it's exactly the setup where MRI's modularity helps if the bookkeeping behind it is consistent. We reconcile Section 8 contract rent draws, market-rate rowhouse deposit ledgers, and commercial CAM schedules against the same general ledger, so your reporting reflects one portfolio instead of three disconnected pieces sitting in different parts of the instance.
More in Maryland
Other Maryland markets, the platforms we work in, and the functions available on their own.
MRI Bookkeeping for Baltimore
Schedule a call and we will review your MRI setup, your Maryland deposit handling, and what it takes to close clean every month.