Real Estate Bookkeeping In Mississippi
Jackson exercises the three-condition clock directly. Gulfport carries Gulf Coast wind and flood exposure, where a storm produces proceeds that are not revenue, restoration that is often capital, and lender escrows that move on their own timetable. Hattiesburg has high out-of-area turnover, so a large share of departing tenants never demand and the owed-but-not-payable balance becomes the dominant trust reconciliation question.
Locate the city nearest to you and select your software below to learn more. Don’t see your city? Schedule a meeting with us to learn more about how REA can help your property management accounting needs.
Mississippi at a glance
- Security deposit return
- 45 days from termination, possession and demand
- Governing statute
- Miss. Code 89-8-21
- Cities we publish
- Jackson · Gulfport · Hattiesburg
What Mississippi Law Changes About Your Books
Deposit Handling and Trust Requirements
Trust and deposit rules are set state by state, and they change the accounting itself, not just the paperwork around it. A deadline is a ledger requirement: you cannot return a deposit inside a statutory window if the ledger cannot say what is owed.
Security deposits
Mississippi 89-8-21 requires the remaining deposit no later than 45 days after termination of the tenancy, delivery of possession AND DEMAND BY THE TENANT. All three conditions must occur, so a tenant who vacates and never demands has not started the clock. Claims are limited to what is reasonably necessary for rent defaults, tenant damage excluding ordinary wear, cleaning, and other reasonable expenses caused by the default, itemised in a written notice.
Trust and segregation
The demand condition is the only one the landlord does not already know, so its date must be captured on arrival or the deadline cannot be evidenced. Like Oklahoma, the demand trigger means portfolios accumulate deposits that are owed but not yet payable, and those balances need their own ageing category or the trust account holds money nobody can attribute.
What we do about it
- Deposit liabilities tracked per tenant, so a 45 days from termination, possession and demand deadline is answerable from the ledger
- Trust accounts reconciled three ways, including every beneficiary balance
- Deduction documentation recorded against the correct ledger, not filed separately
- Aging deposits flagged before the statutory window closes
Summary of statutory requirements provided for orientation. It is not legal advice, and local ordinances can impose stricter rules than the state minimum.
Cities We Cover in Mississippi
Market by Market
We work with property managers and investors across all of Mississippi, all 441 cities and towns of it. The markets below are the ones we publish Mississippi-specific detail for. If yours is not listed, the same team and the same Miss. Code 89-8-21 rules still apply.
Jackson
Mississippi's deposit clock has three conditions rather than one, and the last of them is entirely outside the landlord's control. Portfolios that treat move-out as the trigger are working from the wrong date.
Bookkeeping by platform
Gulfport
Gulf Coast portfolios carry wind and flood exposure that dominates the operating statement, and the accounting for a storm event looks nothing like the accounting for a bad month.
Bookkeeping by platform
Hattiesburg
Hattiesburg's rental base turns over steadily and many tenants leave the area entirely, which makes Mississippi's demand requirement more than a technicality. A large share of departing tenants never make one.
Bookkeeping by platform
Select Your Software
We Work Inside Your Platform, From Anywhere in Mississippi
Services Available in This State
Every back-office function below is available on its own or as part of a full monthly close, anywhere in the state.
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
Onboarding and responsiveness
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.
Smaller portfolio, still looked after
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.
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!
230+
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30M+
Commercial Sq. Ft.
Up to 50%
Saved vs In-House
Every month
On-Time Close
Property Accounting for Mississippi Portfolios
Schedule a call and we will walk your Mississippi deposit and trust setup, tell you whether it reconciles today, and scope the monthly work.