Trust accounting, tenant ledgers, owner statements, CAM reconciliation, HOA financials. For property management companies, HOA firms, and third-party managers running AppFolio, Buildium, Yardi, or Rent Manager.
Scope
Software
Property management accounting has two features that distinguish it from general business accounting: (1) trust fund compliance – handling tenant security deposits and owner funds in segregated accounts with state regulatory requirements, and (2) multi-party reporting – where the management company, individual owners, and (for HOAs) the association itself all need accurate, timely financials. Generic bookkeepers who treat property management like regular accounting usually fail on both dimensions.
Every state has specific requirements for property management trust accounting. California BRE requires trust accounts separate from operating, monthly reconciliation, and specific record retention. Texas TREC requires similar controls. Florida DBPR has parallel requirements. The consequence of getting this wrong isn't just bad accounting – it's license risk for the broker of record. Offshore accountants trained on property management handle the trust-vs-operating separation automatically and deliver reconciliations that pass state audits.
For third-party property managers, the monthly owner statement is the product. Owners decide to stay or leave based on how clear, accurate, and timely the statements are. Late statements (produced 20+ days after month-end) or confusing statements cost owners. Offshore teams focused on property management close and deliver owner statements by business day 7–10 consistently, which most mid-size management companies can't match with in-house staff.
Typically paired with offshore bookkeeping, offshore AP, and monthly close. For real estate investment/development (different from property management), see real estate industry page. Offshore accounting overview on the homepage.
FAQ
Yes. State-specific trust requirements (CA, TX, FL, NY, CO, WA among others) all supported. Reconciliation performed monthly, state audit-ready.
Yes. AppFolio is the most common platform in our property management book. Rent postings, owner statements, maintenance integration, CAM reconciliation all standard.
Yes. HOA bookkeeping, assessment billing, reserve fund tracking, delinquency aging, board reporting. Common engagement type.
Yes. Commercial CAM reconciliation including operating expense pass-through, tax pass-through, insurance pass-through. Annual reconciliation and tenant true-ups.
Yes. Year-end 1099-MISC for property owners (reporting rents paid) and 1099-NEC for maintenance contractors. IRS e-filing, state filings where required.
For development companies, yes – but that's typically construction accounting, not property management. See construction page.
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