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INDUSTRIES · PROPERTY MANAGEMENT

Property Management Accounting Outsourcing for Growing PM Companies

Trust accounting, owner statements, security deposits, AP and month-end close for residential, commercial and mixed portfolios — handled by a team that only does real estate accounting.

NARPM Member

50,000+ units closed monthly

ISO 27001:2022

Led by a U.S. CPA

See If Your Portfolio Is a Fit

Tell us about your portfolio. A real estate accountant replies within [1business day].
Property Managers

NDA on request · No obligation · Your data never leaves ISO 27001 controls

50,000+
Residential units closed every month
30M+
Sq ft of commercial space accounted for
[XX%]
Client retention (confirm)
Since 2014
Serving U.S. real estate firms
WHY PM ACCOUNTING IS DIFFERENT

6 Accounting Challenges Every Property Management Company Faces

A general bookkeeper sees transactions. A property
management accountant sees owners, tenants, deposits
and fiduciary duty.

Trust Account Compliance

Client money must never mix with operating funds, and state regulators can audit at any time.

How we solve it: Monthly 3-way reconciliation of bank, book and owner/tenant ledgers.
Owner Statement Volume

Dozens or hundreds of owners expect accurate
statements and distributions on the same day.

How we solve it: Owner packets prepared, reviewed and queued for approval by [Day X].
Security Deposit Liabilities

Deposits, interest and move-out dispositions must tie to the unit and the trust balance.

How we solve it: Unit-level deposit register tied out every month.
Vendor Invoices Across Properties

Maintenance bills land by email, portal and paper — each needs the right property and GL code.

How we solve it: Central AP inbox, coding rules and approval routing.
Year-End 1099s

1099-MISC for owners and 1099-NEC for vendors,
with W-9s that are often missing.

How we solve it: W-9 tracking all year, 1099 prep ready in January.
Staffing as Doors Grow

Every new management contract adds work before it adds budget for another accountant.

How we solve it: Add trained capacity in [2–4] weeks, not a hiring cycle.
BUILT FOR YOUR PORTFOLIO MIX

What We Handle for Each Property Type You Manage

Multifamily Property Management Accounting

Unit-level rent rolls, utility billing (RUBS), concessions, lender reporting and capital reserves for apartment communities of every size.
Typical multifamily scope
Portfolio size

[e.g. 20 communities · 4,000 units]

Software

[Yardi / Entrata / RealPage]

Team

[3 accountants + 1 senior]

Portfolio size

[e.g. 20 communities · 4,000 units]

Multifamily Property Management Accounting

Unit-level rent rolls, utility billing (RUBS), concessions, lender reporting and capital reserves for apartment communities of every size.
Typical multifamily scope
Portfolio size

[e.g. 20 communities · 4,000 units]

Software

[Yardi / Entrata / RealPage]

Team

[3 accountants + 1 senior]

Portfolio size

[e.g. 20 communities · 4,000 units]

Multifamily Property Management Accounting

Unit-level rent rolls, utility billing (RUBS), concessions, lender reporting and capital reserves for apartment communities of every size.
Typical multifamily scope
Portfolio size

[e.g. 20 communities · 4,000 units]

Software

[Yardi / Entrata / RealPage]

Team

[3 accountants + 1 senior]

Portfolio size

[e.g. 20 communities · 4,000 units]

Multifamily Property Management Accounting

Unit-level rent rolls, utility billing (RUBS), concessions, lender reporting and capital reserves for apartment communities of every size.
Typical multifamily scope
Portfolio size

[e.g. 20 communities · 4,000 units]

Software

[Yardi / Entrata / RealPage]

Team

[3 accountants + 1 senior]

Portfolio size

[e.g. 20 communities · 4,000 units]

Multifamily Property Management Accounting

Unit-level rent rolls, utility billing (RUBS), concessions, lender reporting and capital reserves for apartment communities of every size.
Typical multifamily scope
Portfolio size

[e.g. 20 communities · 4,000 units]

Software

[Yardi / Entrata / RealPage]

Team

[3 accountants + 1 senior]

Portfolio size

[e.g. 20 communities · 4,000 units]

Multifamily Property Management Accounting

Unit-level rent rolls, utility billing (RUBS), concessions, lender reporting and capital reserves for apartment communities of every size.
Typical multifamily scope
Portfolio size

[e.g. 20 communities · 4,000 units]

Software

[Yardi / Entrata / RealPage]

Team

[3 accountants + 1 senior]

Portfolio size

[e.g. 20 communities · 4,000 units]

GROWS WITH YOUR DOOR COUNT

The Right Accounting Setup for Your Portfolio Size

GROWING
Up to 1,000 doors
Owner-operator or small PM firm outgrowing a parttime bookkeeper.
[From $X / door]
SCALING
1,000 – 10,000 doors
Regional PM company with multiple entities and owner groups.
[From $X / door]
ENTERPRISE
10,000+ doors
Multi-state operator needing a scalable accounting pod.
[From $X / door]
BEYOND BOOKKEEPING
Property Management KPIs Your Owners Actually Read
Clean books feed a live Power BI dashboard — portfolio, property and owner views, refreshed after every close.
Portfolio Dashboard — [Month]

Sample view

Occupancy
Delinquency
NOI vs budget
Days to close
NOI by property (sample)
TRUST ACCOUNTING
Audit-Ready Trust Accounting for Property Managers
Trust account rules differ by state, and a failed audit can put your license at risk. Our process is built so every dollar of client money is traceable.
Typical multifamily scope

01   Bank balance = book balance = sum of owner & tenant ledgers (3-way)

02   No negative owner balances; shortfalls flagged same day

03   Security deposits held and reported per unit

04   Management fees drawn only after they are earned
05   Signed rec package archived for regulators and auditors
COMPARE YOUR OPTIONS

Who Should Do Your Property Management Accounting?

In-house team
Local bookkeeper
Generic offshore firm
Karma Global Solutions
Knows trust accounting
Depends on hire
Rarely
Rarely
Core specialty
Works in AppFolio / Yardi
One system
Often QuickBooks only
Varies
8+ PM platforms
Scales with doors
New hire each time
Limited capacity
Yes
Yes, in weeks
Works in AppFolio / Yardi
Usually one
One
Varies
Three, CPA-led
Security certification
Your IT
Rarely
Varies
ISO 27001:2022
Relative cost
Highest
Medium
Low
[Low–medium]
CASE STUDY · PROPERTY MANAGEMENT
How a 10,000-Unit Property Manager [Result Headline]
10,000

Units

[X → Y]

Days to close

[XX]

Trust accounts reconciled

[Two-sentence story: situation, what Karma changed, the measurable result. Pull from /casestudies/.]

Property Management Accounting Guides
GUIDE
Trust Accounting for Property Managers: A Practical Guide
[To be written]
CHECKLIST
Property Management Month-End Close Checklist
Gated PDF — lead magnet
ARTICLE
1099s for Property Managers: Owners vs. Vendors
[To be written]
Faq
Property Management Accounting FAQs
Still deciding? Talk to a real estate accountant — not a salesperson.
What does a property management accountant do?

They manage client money held in trust, post rent and vendor bills by property, reconcile bank and trust accounts, and produce owner statements and distributions each month — on top of normal company bookkeeping.

They manage client money held in trust, post rent and vendor bills by property, reconcile bank and trust accounts, and produce owner statements and distributions each month — on top of normal company bookkeeping.

They manage client money held in trust, post rent and vendor bills by property, reconcile bank and trust accounts, and produce owner statements and distributions each month — on top of normal company bookkeeping.

They manage client money held in trust, post rent and vendor bills by property, reconcile bank and trust accounts, and produce owner statements and distributions each month — on top of normal company bookkeeping.

They manage client money held in trust, post rent and vendor bills by property, reconcile bank and trust accounts, and produce owner statements and distributions each month — on top of normal company bookkeeping.

They manage client money held in trust, post rent and vendor bills by property, reconcile bank and trust accounts, and produce owner statements and distributions each month — on top of normal company bookkeeping.

They manage client money held in trust, post rent and vendor bills by property, reconcile bank and trust accounts, and produce owner statements and distributions each month — on top of normal company bookkeeping.

They manage client money held in trust, post rent and vendor bills by property, reconcile bank and trust accounts, and produce owner statements and distributions each month — on top of normal company bookkeeping.

Grow Your Doors Without Growing Your Accounting Headcount
Tell us what you manage. We'll send a staffing model, a close calendar and a fixed monthly price.
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