REA.co Real Estate Accounting & Tax

Outsourced Accounting MRI Software Built For Property Managers

At REA, our expertise in MRI accounting software offers unparalleled assistance to property investors and managers seeking growth. Our goal is to enhance your profit margins and streamline your operations.

Allow REA to manage the financials, enabling you to concentrate on expanding your business.

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Designed for sophisticated property investors and managers, REA delivers precise, timely financial statements, offering savings of up to 50% compared to employing an in-house accounting team.

Up to 50%Saved vs In-House

30M+Commercial Sq. Ft.

230+Property Accountants

Why Top Real Estate Professionals Choose REA

Commercial-Weighted MRI Work, Module by Module

We are MRI experts

REA's seasoned team of accountants boasts years of proficiency with MRI. Our expertise ensures you receive flawless financials, eliminating the need to endure the hassles of hiring in-house.

Assigned, Responsive Team

At REA, you're supported by a specialized team of bookkeepers and controllers, all committed to a single purpose: efficiently resolving your MRI bookkeeping and accounting challenges.

Accurate Monthly Bookkeeping

Every month, your devoted REA team guarantees that transactions are meticulously categorized and bank accounts are seamlessly reconciled. This provides you with the essential reports and insights for making informed decisions.

MRI Bookkeeping from REA

Done Inside Your MRI Instance, Not Exported Out

Trust Bookkeeping

Leverage MRI's powerful bookkeeping capabilities with REA's tailored service.

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Corporate Bookkeeping

REA's skilled team, in combination with MRI's comprehensive toolset, addresses the complexity of your corporate financial activities.

Bank Reconciliations

Employing MRI's state-of-the-art system, REA offers bank reconciliation services that brings meticulous accuracy to your finances.

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Financial Diagnostic Cleanup

REA utilizes MRI's advanced diagnostic tools to swiftly and effectively troubleshoot financial anomalies.

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Trust Compliance

REA pairs its accounting prowess with MRI's detailed reporting to deliver comprehensive Trust Compliance Verification services.

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1099 Filings & Tax Preparation

Vendor and contractor 1099s prepared and filed on time straight from your MRI data, plus federal and state return preparation, entity returns and K-1s, and year-round tax planning handled by REA's in-house tax team.

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The Full Scope

  • Process Review & Set Up
  • Bank Reconciliations
  • AP / AR
  • Accurate NOI, Balance Sheets
  • Recording HUD's & Accruals
  • + 6 more below

MRI Property Accounting & Bookkeeping Services

  • 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
  • 1099 Filings & Tax Preparation

Also available on its own

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On MRI, the Gaps Sit Between the Modules

Where Enterprise Modularity Costs You a Reconciliation

MRI is an enterprise platform assembled from modules, with particular strength in commercial lease administration and CAM. Modularity is why it fits portfolios nothing else fits, and it is also why no two MRI instances behave the same way.

What it does well

Commercial lease administration and CAM

Lease administration and CAM reconciliation are handled properly rather than approximated, mixed commercial and residential portfolios sit in one system, and the modular deployment means you can run the pieces your portfolio actually needs instead of paying for a monolith.

Where it breaks

Module handoffs are where reconciliation breaks

A lease abstracted in one module and billed from another can disagree, and nothing in the system insists they agree. Because implementations vary so widely, a process that works on one MRI instance is not transferable to the next, and an accountant who assumes otherwise will reconcile to the wrong number confidently.

How we work it

We map your instance before we close a month

MRI engagements are commercial-weighted, so CAM reconciliation and lease administration usually matter more than residential deposit handling. We document how your specific modules hand off to each other first, because that map is the actual deliverable underneath the monthly close.

MRI Bookkeeping, Vertical by Vertical

Pick the Business You Actually Run

MRI behaves differently depending on what you run through it. Each page below is the specific version for that business.

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How REA's MRI Process Works

Access, Onboard, Then Close Every Month

Start With a Call
  1. 1

    Understanding Your Business Inside-Out

    We value your time and strive to make the most of it. Once you securely grant REA access to your MRI account, we'll promptly review your books and initiate the onboarding process. Next, we'll address any issues with your account, perform any necessary catch-up bookkeeping, and examine tenant/owner statements to ensure the utmost accuracy in your records.

  2. 2

    Efficient Monthly Bookkeeping at Your Service

    After ensuring your MRI account is accurate and current, we commence our monthly MRI bookkeeping services. Handling everything from bank reconciliations to accounts payable and reporting, we serve as your experienced accounting team.

  3. 3

    Monthly Financial Reports and Statements

    Our detailed monthly reports provide a transparent overview of your business's financials while ensuring compliance with all Trust account regulations.

You Get a Team With Names, Not a Ticket Queue

Who Actually Works On Your MRI Books

Outsourced accounting fails when nobody owns the account. At REA you are assigned a property accounting team and a client success lead who knows your portfolio, your owners, and your quirks. They stay on your account, so you are never re-explaining your chart of accounts to someone new.

Sharifa Giraldo, CPA, VP, Client Success at REA

Sharifa Giraldo, CPA

VP, Client Success

Residential Property Management

20+ years of property accounting, a CPA since 2015, and a specialist in third-party management and platform migrations.

Will Daege, VP, Client Success at REA

Will Daege

VP, Client Success

Commercial Property Management

25+ years across retail, office, industrial, and multifamily, including Portfolio Controller for The Related Companies' New York development portfolio.

How we work together

  • A named team, not a poolThe same property accountants close your books every month.
  • Reachable the way you already workEmail, phone, video, or Slack. Urgent items get answered the same day.
  • Inside your MRIWe take accountant access to your instance, exactly as you would grant an internal hire.
  • 230+ property accountants behind themCoverage when someone is out, and a specialist to escalate to when a lease or a trust question gets strange.

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.

Check Out What Our Clients Have To Say About Us

Property Managers, Investors & Owner Operators

Client story

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!

SCSara CrosbyReal Estate Investor

Real-estate-only specialists

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.

SWSteve WilkoOwner Operator

Handed over the whole accounting function

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!

TCTracy CollinsProperty Manager

Day-to-day financial operations

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.

BCBrian CookOwner Operator

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.

KSKelly StanawayProperty Manager

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.

TSTrevor SmithProperty Manager

230+

Property Accountants

30M+

Commercial Sq. Ft.

Up to 50%

Saved vs In-House

Every month

On-Time Close

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MRI Bookkeeping, City by City

Trust accounting rules are written state by state, and we work in all 50 of them. The 36 markets below are where we publish MRI-specific detail on the local rule set and how we handle it. If yours is not listed, the same team still covers it.

See every market

152 cities across all 50 states

MRI by state

Hover to preview, click a state to keep it selected.

Not seeing your city?

We work with MRI portfolios in all 50 states, not only the markets listed here.

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Running Something Other Than MRI?

We Work Inside Whatever You Already Have

Who We Do MRI Accounting For

Every Vertical Has Its Own Way of Breaking

Frequently Asked Questions

How can MRI property management system improve tenant management?

MRI property management system provides tools for tenant communication, lease tracking, rent collection, and maintenance requests. It helps property managers maintain positive tenant relationships and ensure timely resolution of issues, improving tenant satisfaction.

What are the advantages of using MRI real estate accounting software?

MRI real estate accounting software offers comprehensive financial management tools, including budgeting, forecasting, financial reporting, and compliance management.

How secure is MRI property management software?

MRI property management software incorporates advanced security measures to protect sensitive data. This includes data encryption, user access controls, and regular security audits to ensure the highest level of data protection.

How do I get started with REA's MRI accounting services?

Contact us to schedule a consultation. We will review your portfolio and the current state of your MRI instance, agree a scope and a monthly close calendar, and begin onboarding as soon as accountant access is provisioned.

What is an MRI accounting system?

It is a part of MRI Software's suite of solutions, focusing on financial management. It includes features such as general ledger, accounts payable and receivable, budgeting, and financial reporting, specifically designed for the real estate industry.

What features are included in MRI real estate software?

MRI real estate software includes features such as lease management, tenant and lease tracking, financial reporting, budgeting, and forecasting, maintenance management, and business intelligence tools.

How can MRI accounting software enhance my financial management?

MRI accounting software provides robust tools for managing financial transactions, generating financial reports, budgeting, and forecasting. It ensures accurate financial tracking and compliance with industry regulations, improving overall financial management for real estate businesses.

What kind of support is available for MRI software users?

MRI Software offers extensive support, including online resources, training programs, customer support, and consulting services. This ensures that users can maximize the benefits of the software and resolve any issues quickly.

Can MRI accounting be customized to meet specific business needs?

Yes, MRI accounting is highly customizable. It can be tailored to meet the specific needs of different real estate businesses, ensuring that the software aligns with unique business processes and requirements.

How does MRI property software integrate with your accounting services?

Our accounting services seamlessly integrate with MRI property software to ensure accurate financial tracking and reporting. This integration allows us to manage your financial data efficiently, providing real-time insights and streamlined operations.

How do you access our MRI instance?

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.

Is REA affiliated with MRI Software?

REA Services LLC is an independent bookkeeping and accounting services provider. REA is not affiliated with, sponsored by, endorsed by, or authorized by MRI Software LLC. REA does not provide a software interface, technical integration, or MRI software instance.

Ready for Accurate MRI Books?

Schedule a call with our team to learn how REA maps your MRI modules, keeps lease administration and CAM tied out, and delivers a close you can rely on every month.