Multifamily Accounting
Good accounting shows what a property is earning and why. We keep the books, pay the bills and prepare financials your tax accountant can use right away.
Statement
The problem
Late reconciliations, mixed-up deposits and unclear categories make it hard to see whether a property is performing. They also create trouble at tax time and during a sale or refinance. Owners need books that are current and accurate, so every decision rests on real numbers.
What we do
Income and expenses are recorded each month in a chart of accounts built for apartments. Property financials stay current and consistent.
Vendor invoices are coded, approved and paid on time. You can see what was spent and why.
Every account is reconciled each month. Differences are found and explained early, not at year end.
We set up trust accounts for security deposits and keep them separate, with records that follow the rules.
We build budgets and cash flow projections from actual results. You see what is coming, not only what has passed.
We prepare year-end financials and supporting schedules and hand them to your accountant. We do not prepare tax returns.
How it works
We look at the chart of accounts, open items, reconciliations and bank setup.
We correct what needs fixing and set up accounts, including trust accounts, the right way.
Entries, payables and reconciliations follow a calendar. Resident charges and payments post to a double-entry ledger.
You receive a balance sheet, income statement and general ledger detail, with notes on what changed.
Financials and schedules go to your tax accountant in the form they need.
The result
Multifamily Management
Full-service management that fills units, holds rent without leaning on concessions, keeps residents longer and reports every number to you.
Learn moreFinancial Modeling
The most in-depth financial modeling for multifamily: underwriting, pro formas and renovation scenarios built on real operating data.
Learn moreMultifamily Consulting
Advice from the people who run apartments daily: due diligence, NOI strategy, value-add plans and operations reviews for owners and investors.
Learn moreGet books you can trust
Tell us where your accounting stands. We will tell you what it needs.
Questions
Insights
Owners see idle cash. Managers see the roof, the boilers and the parking lot waiting their turn. Here is how to size replacement reserves and what happens when you skip them.
Two buildings with the same rents can be worth very different amounts. The gap is often the operating expense ratio. Here is how it works and what a point is worth.
Gross potential rent is the 100 percent line every other number is measured against. How to calculate it, why definitions differ and the mistakes that make reports misleading.
