Real Estate Accounting in Allentown
The Lehigh Valley has become one of the East Coast's major logistics corridors, and industrial property dominates a lot of local portfolios. Industrial leases are structured differently from anything on the residential side, and the accounting follows the structure rather than the building.
Proud AppFolio Stack™ Partners, working directly inside your AppFolio instance.
Pennsylvania rules that apply here
- Deposit return deadline
- 30 calendar days
- Statute
- 68 P.S. 250.512
Why Pennsylvania Real Estate Professionals Choose REA
AppFolio Expertise, Applied to Allentown
Experts in AppFolio Bookkeeping
Triple net is the defining feature. Under a true NNN lease the tenant carries taxes, insurance and maintenance, which sounds like it simplifies the landlord's accounting and does the opposite. The landlord still has to verify that those obligations were actually met, because an unpaid property tax bill remains the owner's problem regardless of what the lease says. That means tracking evidence of payment by tenant and by obligation, not just recording the base rent that arrives.
Assigned, Responsive Team
Reimbursement structures vary lease by lease in a way residential never does. One tenant may reimburse a share of a tax bill, another may pay the taxing authority directly, a third may have a cap or a base-year stop. Each needs its own treatment, and a portfolio that posts every industrial tenant to a single recovery account cannot answer what any individual lease actually entitles the owner to.
Accurate Monthly Bookkeeping
The residential side of a mixed Lehigh Valley portfolio still runs under Pennsylvania's deposit rules, including the interest obligation on deposits held past the second anniversary and the 30-day refund clock with double damages exposure. Operators who moved from residential into industrial often carry the residential process across and find it does not fit, or the reverse, and let the industrial informality bleed back into the regulated side.
Deposit Compliance for Allentown Portfolios
68 P.S. 250.512
Pennsylvania requires the written list of damages and the refund of the remaining escrow, including any unpaid interest, within 30 days of the lease ending or the tenant surrendering the premises, whichever comes first, under 68 P.S. 250.512. Failure can expose the landlord to twice the amount.
Pennsylvania adds an accrual obligation most states do not. Under 68 P.S. 250.511b, deposits over $100 held past the SECOND anniversary of a tenancy must sit in an interest-bearing account, with interest paid to the tenant annually from the third year and the landlord permitted to retain a 1 percent administrative fee. That makes a deposit a growing per-tenant liability on a rolling date, not a static balance, and the move-out refund must include the unpaid interest.
All Pennsylvania requirementsHow we keep you inside it
- Deposit liabilities tracked per tenant in AppFolio, so a 30 calendar days 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
Appfolio Bookkeeping Services from REA
Available to Allentown Operators
Trust Bookkeeping
Leverage Appfolio's powerful bookkeeping capabilities with REA's tailored service.
See how it worksCorporate Bookkeeping
REA's skilled team, in combination with Appfolio's comprehensive toolset, addresses the complexity of your corporate financial activities.
See how it worksBank Reconciliations
Employing Appfolio's state-of-the-art system, REA offers bank reconciliation services that brings meticulous accuracy to your finances.
See how it worksFinancial Diagnostic Cleanup
REA utilizes Appfolio's advanced diagnostic tools to swiftly and effectively troubleshoot financial anomalies.
See how it worksTrust Compliance
REA pairs its accounting prowess with Appfolio's detailed reporting to deliver comprehensive Trust Compliance Verification services.
See how it worksAppFolio Accounting & Bookkeeping Services
For Allentown 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
Allentown operators use REA for the full monthly close or for the single function that has become a bottleneck. Each one is performed inside your AppFolio 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 moreExperts 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
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!
Frequently Asked Questions
Do you handle triple net industrial leases?
Yes. The work under NNN is verification rather than billing: confirming that taxes, insurance and maintenance obligations the tenant carries were actually met, because an unpaid tax bill is still the owner's exposure no matter what the lease assigns.
Our industrial leases all reimburse differently. Can you handle that?
That is normal for the asset class. Caps, base-year stops and direct-pay arrangements each need their own treatment, and posting every tenant to one recovery account makes it impossible to say what a given lease actually entitles the owner to.
We own residential and industrial together. Is that a problem?
Only if they share a process. The residential side is governed by Pennsylvania's deposit rules including the interest accrual and 30-day clock; the industrial side is governed by each lease. We keep the two accounted separately so neither inherits the other's assumptions.
More in Pennsylvania
Other Pennsylvania markets, the platforms we work in, and the functions available on their own.
AppFolio Bookkeeping for Allentown
Schedule a call and we will review your AppFolio setup, your Pennsylvania deposit handling, and what it takes to close clean every month.