Industry: Property Management

Offshore accountants for property management companies.

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.

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Scope

What our accountants handle.

Trust accountingTenant security deposit trust ledgers, broker trust account reconciliation, state-specific trust compliance.
Tenant ledger managementRent postings, late fees, payment tracking, delinquency aging, eviction ledger prep.
Owner statements & distributionsMonthly owner statements, distributions calculation, management fee deductions, 1099-MISC year-end.
CAM reconciliationCommercial common area maintenance reconciliation, annual true-up, tenant billing adjustments.
HOA financialsHomeowner association bookkeeping, assessment billing, reserve fund accounting, delinquency tracking.
Bill pay & vendor managementProperty-level vendor bills, work order reconciliation, 1099 for maintenance contractors.
Bank reconciliationOperating, trust, and reserve account reconciliation monthly. Multi-property reconciliation.
Budget & varianceAnnual property budgets, monthly variance analysis, owner-facing budget reporting.
Lender reportingDebt service coverage ratios, loan covenant compliance, borrower reporting packages.
Year-end 1099 & K-1 support1099-MISC for owners, owner K-1 data for tax preparer, Schedule E support.

Software

Platforms we run daily

AppFolioAppFolio
BuildiumBuildium
YardiYardi
Rent ManagerRent Manager
PropertywarePropertyware
TenantCloudTenantCloud
QBOQBO
SageSage
AvidXchangeAvidXchange
NexusNexus
Property Management

Property management accounting has specific trust and regulatory requirements

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.

Trust accounting is where mistakes become expensive

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.

Owner statements drive retention

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.

HOA specifics: HOAs add layers – reserve fund accounting (governed by state civil code in California, similar elsewhere), assessment collection, special assessment handling, architectural control committee tracking. Offshore HOA specialists handle these while coordinating with the HOA board and the management company's US team.

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

Common questions

Can you handle trust accounting for multiple states?

Yes. State-specific trust requirements (CA, TX, FL, NY, CO, WA among others) all supported. Reconciliation performed monthly, state audit-ready.

Do you work with AppFolio specifically?

Yes. AppFolio is the most common platform in our property management book. Rent postings, owner statements, maintenance integration, CAM reconciliation all standard.

Can you handle HOA accounting?

Yes. HOA bookkeeping, assessment billing, reserve fund tracking, delinquency aging, board reporting. Common engagement type.

What about commercial property CAM?

Yes. Commercial CAM reconciliation including operating expense pass-through, tax pass-through, insurance pass-through. Annual reconciliation and tenant true-ups.

Can you generate 1099-MISC for property owners?

Yes. Year-end 1099-MISC for property owners (reporting rents paid) and 1099-NEC for maintenance contractors. IRS e-filing, state filings where required.

Do you handle construction draws on development projects?

For development companies, yes – but that's typically construction accounting, not property management. See construction page.

Related

Related pages

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