Real Estate Accounting in Green Bay
Green Bay's climate compresses when exterior work can be done, and that seasonality sits awkwardly against a 21-day deposit clock that does not pause for weather.
Proud AppFolio Stack™ Partners, working directly inside your AppFolio instance.
Wisconsin rules that apply here
- Deposit return deadline
- 21 calendar days
- Statute
- ATCP 134.06
Why Wisconsin Real Estate Professionals Choose REA
AppFolio Expertise, Applied to Green Bay
Experts in AppFolio Bookkeeping
A tenancy ending in winter can leave damage that genuinely cannot be repaired until spring. Wisconsin still requires the written statement describing each item and the amount withheld as reasonable compensation within 21 days of the tenant vacating. The charge therefore has to be based on a reasonable estimate supported by evidence rather than on a completed invoice, which is a different documentary standard than most managers are used to producing.
Assigned, Responsive Team
That makes a costed schedule genuinely valuable rather than administrative overhead. If exterior repair rates are established in advance and applied consistently, an estimate is defensible; if the number is produced ad hoc because the work cannot be done yet, it is difficult to justify as reasonable compensation for a described item.
Accurate Monthly Bookkeeping
Seasonality affects the operating statement too. Portfolios here carry heavy costs concentrated in a few months, and comparing a January statement to a June one without accounting for that produces conclusions about performance that reflect only the calendar.
Deposit Compliance for Green Bay Portfolios
ATCP 134.06
Wisconsin ATCP 134.06 requires the deposit, less any properly withheld amounts, to be delivered or mailed within 21 DAYS after the tenant vacates, which is among the shortest windows in the country. Any withholding requires a written statement describing each item of physical damage or other claim and the amount withheld as reasonable compensation for each.
Wisconsin requires a check-in sheet at move-in, with the tenant given seven days to report pre-existing damage, and that baseline is what makes a later claim defensible. Unlawful withholding has been treated as capable of attracting CRIMINAL liability rather than only civil damages, which places Wisconsin alongside Oklahoma and raises the standard for the file behind every withheld dollar.
All Wisconsin requirementsHow we keep you inside it
- Deposit liabilities tracked per tenant in AppFolio, so a 21 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 Green Bay 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 Green Bay 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
Green Bay 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
Damage cannot be repaired until spring. What do we do?
The 21-day clock does not pause, so the statement has to rest on a reasonable estimate supported by evidence rather than a completed invoice. That is a different documentary standard than an after-the-fact bill.
How do we make an estimate defensible?
By applying rates established in advance and used consistently across the portfolio. A number produced ad hoc because the work cannot be done yet is hard to justify as reasonable compensation.
Why do our monthly statements swing so much?
Concentrated seasonal maintenance. Comparing months without accounting for it describes the calendar rather than the performance of the property.
More in Wisconsin
Other Wisconsin markets, the platforms we work in, and the functions available on their own.
AppFolio Bookkeeping for Green Bay
Schedule a call and we will review your AppFolio setup, your Wisconsin deposit handling, and what it takes to close clean every month.