A new property management company owner without accounting expertise needs to find the right accountant who understands the specific accounting needs of a combined property management, real estate investment, and sales business.
Small outfits may lack industry knowledge, while larger firms like The Bonadio Group focus on big projects, not the single-family/student housing market the owner is targeting.
PropManageBooks
PropManageBooks is a cloud-based accounting service designed specifically for property management companies that also handle real estate sales and investments. It offers industry-specific chart of accounts, automated rent and vendor payment tracking, and built-in consultation with accountants who specialize in property management. Unlike generic accounting firms, PropManageBooks combines software with expert human support tailored to small and mid-size property managers.
- Industry-specific chart of accounts for property management + real estate sales
- Automated rent collection, vendor payment, and commission tracking
- Direct access to property management accounting specialists
- Integration with popular property management and CRM tools
- Scalable from single-family to multi-unit/student housing portfolios
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