Customized Bookkeeping Solutions for Real Estate & Property Management Firms
Proper record keeping is important in real estate companies, since it makes it easier for managers, agents, brokers and investors to keep track of their financial transactions. Our bookkeeping services at Velan are specific to the needs of the real estate agents where through outsourcing your bookkeeping requirements you can get back to business.
Bookkeeping Services for Property Management Individuals & Companies
Our solutions are tailored to simplify complex financial processes for real estate agents, brokers, and property management professionals. Here’s an overview of our core services:
Commercial Property Management
Infrastructure for tracking expenses and payments of firms involved in commercial properties such as real estate companies, management of firm’s budgets, and payments to tenants.
Individual Property Management
Basic accounting services for individuals owning houses or other properties that you hire out, whether for a home, office space or warehouse, to keep tab of all your income, expenditure and profits.
Bookkeeping for Brokers
& Property Managers
Specifically for the brokers that are handling more than one property, but also to hear complaints, commissions, maintenance, and charges from the tenants.
Client Income & Expense Management Expertise
This makes it easy to view reception of income from specific client and expenses that are associated with the client.
Rent, Utility, &
Management
Fee Management
Being able to track when clients pays their rent, utility bills or the management fees, so as to produce bills that are accurate.
Bank & Credit Card
Transaction
Reconciliation
Do bank and credit card statement balancing to make it easier to keep your expenditures on track.
Invoice & Payment Processing
Be responsible for any and all invoicing to guarantee timely payment of bills and ready receipt of income.
Cash Flow Analysis
Monitor and overcash flow records to ensure that you make appropriate decisions on your real estate business.
Real Estate & Property Management Accounting Software Experts
To help streamline your bookkeeping, we offer support with the top accounting software for real estate businesses. Software Platforms We Use
QuickBooks for Real Estate
QuickBooks is considered a darling of accounting industry since it offers robust solutions for report generation, billing and expenses.
Xero Bookkeeping
The perfect bookkeeping of the records related to its properties A cloud-based system that can interface with other real estate tools without issues, with secure and efficient performance.
Buildium Bookkeeping
Built specifically for property managers, it offers options for collecting rent and managing payments, expense tracking and detailed reports.
AppFolio Bookkeeping
Without a doubt, AppFolio is ideal for any property management companies, and it enables you to manage several properties and transact on them effortlessly.
Yardi Bookkeeping
Popular in the multifamily space, Yardi can help manage expenses, tenant payments, and much more across one’s properties.
Rent Manager
Designed specifically for rental properties, Rent Manager streamlines billing, expense tracking, and payment management.
Realtyzam
Simple accounting software built for real estate agents, Realtyzam allows easy tracking of commissions and expenses.
TOPS
Ideal for HOA management, TOPS includes integrated accounting features tailored for property management.
FreshBooks
Known for its simplicity and user-friendly interface, FreshBooks helps real estate agents and small firms manage expenses and invoicing.
Benefits of Outsourced Real Estate Bookkeeping
When you trust our team with your books, you free up time to focus on growing your business and serving your clients. Here’s How Outsourcing Can Benefit Your Real Estate Business.
- Cost Savings
- Compliance & Tax Readiness
- Increased Accuracy
- Customized Solutions
- Time Efficiency
Real Estate Bookkeeping Services We Offer
Here’s a detailed look at the services we provide
General Bookkeeping & Accounting
Our bookkeeping team manages daily transactions and maintains organized financial records, keeping your business compliant and on track.
Journal Entry Processing
Maintain accurate records of all financial transactions, from property expenses to rental income.
Invoicing & Monthly Financial Statements
Prepare monthly financial statements and invoices, so you always have a clear view of your business’s financial health.
Bank Reconciliation
Reconcile bank accounts and credit card transactions to ensure every dollar is accounted for.
Rent Receipt Recording
Record all rent payments and deposits, helping you keep accurate records of tenant payments.
Capital Improvements & Association Fees
Track capital improvement expenses and any association fees to maintain transparency and accountability.
Tenant Activity Tracking
Track tenant move-ins, move-outs, and lease agreements, making it easy to manage tenant-related financial data.
Time Tracking, Budgeting, & Planning
Assist with budgeting and financial planning to help you optimize resources and improve profitability.
Vendor & ContractorPayments
Handle payments to vendors and contractors, ensuring timely transactions and accurate expense tracking.
Owner Disbursements & Management Fees
Process owner disbursements and management fees, keeping financial data organized and easy to access.
Comprehensive Financial Statements & Reports
Generate monthly reports, including balance sheets, income statements, and cash flow statements, to provide a complete financial picture.
Payroll Processing for Property Staff
Manage payroll for any staff you employ, ensuring accurate and timely payment processing
Monthly Reporting for Investment Properties
Provide in-depth monthly reports for real estate investors, giving you insight into property performance.
How Much Can You Charge as a Real Estate Bookkeeper?
The amount you can charge depends on a few key factors:
- Scope of Services:
What tasks you handle, from basic bookkeeping to more detailed financial work.
- Client Complexity:
How many properties or transactions the client has.
- Frequency of Services:
How often you provide services, whether monthly or on a more occasional basis.
Why Choose Velan for Your Real Estate Bookkeeping?
Choosing the right bookkeeping service provider can make a significant difference in your real estate business. Here’s why Velan stands out among other real estate bookkeeping providers:
- Experienced Online Bookkeepers
- Remote Bookkeeping Expertise
- Cloud Bookkeeping for Accessibility and Security
Ready to streamline your real estate bookkeeping? Velan’s expert team is here to help you save time, improve accuracy, and focus on what matters most—growing your business.
We share our knowledge through our insightful blogs and our unique approaches to your problems in our case studies. Our blogs are not only informative but also highly inspiring.
Real Estate Accounting FAQs
What specific services do you offer for real estate bookkeeping?
We offer a range of services, including transaction recording, rent tracking, expense management, and monthly financial reporting, all tailored to real estate professionals.
How do you handle property management accounting and bookkeeping?
Our team manages all financial aspects of property management, from tracking tenant payments to reconciling bank accounts, giving you a clear view of your business finances.
What experience do you have working with real estate agents or investors?
We have years of experience providing bookkeeping services to real estate agents, brokers, and investors, allowing us to cater to your unique needs effectively.
How can a bookkeeper help me manage my real estate commissions and business expenses accurately?
We track commissions, expenses, and other financial activities, helping you maintain clear and accurate records for better financial management.
When should I hire an outsourced bookkeeper for my real estate business?
If managing finances is taking too much of your time, or if you’re experiencing growth and need expert support, outsourcing your bookkeeping is a great choice.
Why outsource real estate bookkeeping to India?
Outsourcing to India provides access to experienced professionals at lower costs, making it a cost-effective solution for businesses looking to improve efficiency.
