Residential Real Estate Accounting Services

Our Services

Outsourced tenant accounting services

Tenant Accounting

Lease setup, move-ins, move-outs

Accounts payable services

Accounts Payable

Entry of invoices including 2/3 way matching with POs, utilities and payments

Outsourced accounts receivable services

Accounts Receivable

Monthly rent run, processing rental receipts and section 8 rent receipting

General & Month End Accounting in Canada

General & Month End Closing

Prepare schedules of month end utility, expense accruals and prepaid expense amortizations, management fee calculations and inter company accounting

Outsourced Reconciliation services

Reconciliations

Operating and security deposit bank account reconciliations, tax, insurance, mortgage insurance and replacement reserve reconciliations

Fixed asset accounting services

Prepare/Track Fixed Assets

Updating fixed asset register with new asset additions, dispositions and write-offs for property including to the unit (apartment) level

Monthly financial reporting services

Monthly/Quarterly Financial Reporting

Comprehensive monthly financial reporting packages including actual-budget variance analysis for revenues and expenses

Low cost Rent roll anlaysis services

Rent Roll Analysis

Comprehensive rent roll analysis of a property for buyers covering financial analysis, tenant analysis, location review among others

Lender reporting services

Lender Reporting

Financials, leasing reports, property management executive summaries and other reports with respect to the property, borrower and guarantor

Budgeting Support & Analysis Services in Canada

Budgeting Support & Analysis Services

Prepare budgets, financial analysis and cash flow forecasting

Accounting software upgrade/change over services

Software Upgrade/Changeover Services

Prepare software transition plans, set-up chart of accounts/tenant accounts/vendors, 2 way/3 way GL and bank reconciliations and handle accounting migration

Backlog and clean up accounting services

Backlog and Clean-up Accounting Services

Clearing backlog of un-posted historic transactions, correction of existing miscoded GL entries, clean-up of chart of accounts and reconciling historic accounts with bank, credit card etc

Outsourced investor reporting services

Investor Support Services

Create and maintain investor waterfalls and cap tables, administrative processing investor contributions calls and disbursement proceeds, and investor reporting activities

Other Services

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    Leasing

    Lease Abstraction | Lease Entry | Lease Administration | Lease Audit | Lease Review | CAM Reconciliation

  • Building icon

    Asset Management

    Property & Portfolio Level Dashboards | Hold vs Sell Analysis | Cash Flow Projections | Asset Level Budgets

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    Investment Analysis

    Rent Roll Analysis | Financial Analysis | Market Research | Cash Flow Modeling | Hold Vs Sell Analysis

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    Back Office Support

    Maintenance Support Services | Document Management | Insurance Management-Renewals and Claims | Marketing Support

Residential real estate accounting services

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Software Expertise

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Sage logo
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Avidxchange logo
Procore logo
Propertyware logo
Realpage logo
Entrata-logo
Quickbooks logo
MRI Logo
Argus logo
Rent Manager logo
SAP Logo
Nexus logo
Oracle logo
Buildium-logo

Pricing

The indicative standard charges for Accounts Payable Specialist, Accounts Receivable Specialist, Property Accountant and Senior Property Accountant roles are listed below. Custom packages of 25, 50 and 80 hours per month are available.

AP Specialist

$1600

Full-time staffing (160 hours per month)

AR Specialist

$1800

Full-time staffing (160 hours per month)

Property Accountant

$2300

Full-time staffing (160 hours per month)

Sr. Property Accountant

$3000

Full-time staffing (160 hours per month)

Staff Profiles

Accounting services

Other Service Packages

  • 1

    Backlog Accounting

    Clearing backlog of un-posted historic transactions, reconciling historic accounts with bank/vendor/customer statements, and bringing books upto date.

  • 2

    Cleanup Accounting

    Clean-up of chart of accounts including removing redundant accounts, updating vendor, customer and inventory lists, and correction of existing miscoded invoices, GL entries etc,.

  • 3

    Software Transition Support

    Accounting software transition including set-up of lists, mapping new to old chart of accounts, posting transactions in parallel runs, and 3 Way Reconciliations between Old Vs New Vs Statements.

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Our Blog

6 Residential Property Management Accounting Tips

6 Residential Property Management Accounting Tips

Do you want to make the most out of your property investment? If your answer is yes, then here is a guide to help you out. Getting a tenant, regular rentals and ensuring lower vacancies are only part of your […]

  • February 26, 2020
  • admin@ohi
A Comprehensive Review of Yardi Genesis 2

A Comprehensive Review of Yardi Genesis 2

Yardi Genesis 2 is a web-based property accounting software that has been designed for small and medium-sized properties. Yardi Genesis 2 is designed for all real estate management including residential, commercial, condos, homeowner associations, self-storage, offices, retail and other type […]

  • April 17, 2018
  • admin@ohi
A Deep Dive into Yardi Voyager: Features and User Reviews

A Deep Dive into Yardi Voyager: Features and User Reviews

What do you do before you take a dive? Feel the water a little, dip a toe or two and then splash! This is exactly how we are going to do things here before you jump into the pool named […]

  • December 11, 2018
  • admin@ohi
Popular Real Estate Software

Popular Real Estate Software

With increasing globalization, the real estate industry is rapidly crossing borders and has thus become a global industry. The real estate agents and property managers of today handle much larger portfolios than they used to. This has created a demand […]

  • July 29, 2019
  • admin@ohi
Job Duties and Educational Requirements of a Property Accountant [Infographic]

Job Duties and Educational Requirements of a Property Accountant [Infographic]

People find accounting to be a really stressful job. Guess what? It really is! Accounting has to be done carefully – be it property accounting or accounting for a business firm, even if it seems like a mundane task. A […]

  • May 15, 2018
  • admin@ohi
HUD Multifamily Housing Programs

HUD Multifamily Housing Programs

With real estate prices escalating day by day, affordable housing and quality housing is hard to come by. The U.S. Department of Housing and Urban Development or HUD launched the multifamily subsidized housing to ensure that the low to middle […]

  • October 14, 2019
  • admin@ohi
6 Financial Reports (Real Estate Reports) Your Property Manager Should Provide

6 Financial Reports (Real Estate Reports) Your Property Manager Should Provide

Financial Reports/Real Estate Reports are also known as Financial Statements and can be defined as the formal record of the financial activities of a business entity or firm or of an individual involved in carrying out different types of business […]

  • February 13, 2018
  • admin@ohi
Property Management | Multi-Family

A midsized real estate property management firm based out of Beverly Hills, CA. The firm manages over 50 properties, across 9 states, encompassing over 1200 tenants and nearly 1.5 million square feet.

Owner/Developer | Multi-Family & Senior Housing

A vertically integrated, full service real estate company based out of Bellevue, WA. They specialize in commercial properties. The firm has developed and built in excess of 81 properties and have more than 10,000 units under management.

Property Management | Multi-Family

A mid-size real estate firm in Miami, Florida. The company manages over $300 million of real estate, over 4500 apartments and have been appointed receivers on over 15 properties.

Owner/Developer | Affordable & Student Housing

An owner/manager of high-quality multifamily communities in the Tri-State and Mid-Atlantic regions, in addition to affordable and student housing properties around the United States. Their portfolio has comprised over 15,000 apartment units representing over $2 billion in value.

Asset Management | Tax Credit & HUD Properties

A leading Kansas housing development and management firm specializing in HUD Section 8, Low-Income Housing Tax Credit, and U.S.D.A.

Property Management | Single & Multi-Family

A full service management company based out of Denver (CO) with extensive experience in both single and multifamily residential rental properties.

Property Management | Multi-Family

A rapidly growing real estate firm based out of Tacoma, Washington. They specialize in commercial brokerage of larger multifamily complexes throughout the Pacific Northwest.

Property Management | HOA

A full-service real estate management firm that handles multi-family residential and commercial properties throughout Southern California and Arizona.

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