Outsourced Accounting for Property Management Companies

Precision Accounting for Hassle Free Property Management

Property management firms get bogged down by the meticulous task of tracking rent collection, late fees, security deposits, and maintenance expenses. Keeping accurate records of these financial aspects is complex and time-consuming, often leading to discrepancies and inefficiencies.

Our outsourced accounting services simplify financial reporting, ensuring accuracy, compliance, and risk reduction. We provide detailed financial insights across various property types, delivering structured reports that enhance decision-making, prevent discrepancies, and support long-term stability while easing the burden of day-to-day financial record-keeping.

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Outsourced Accounting Services for Property Management Companies

Managing multiple properties demands financial oversight for profitability and compliance. Our outsourced accounting services track income, control expenses, and optimize investments, so you can focus on strategic goals and portfolio growth.

Rent Collection

Tracking rental income, including late payments or deductions for repairs.

Expense Management

Recording costs like maintenance, insurance, taxes, and operational fees.

Lease & Security Deposit Accounting

Tracking lease payments, renewals, and terminations.

Budgeting

Creating and managing budgets to ensure financial stability.

Benefits of Outsourced Accounting Services for Property Management Companies

Streamlined financial operations with expert property accounting.

Reduced overhead costs by up to 60% for better profitability.

More time to focus on strategy and operational excellence.

Access to accurate, timely financial reports for smarter decision-making.

Total compliance with real estate financial regulations.

Ability to make data-driven decisions to maximize property returns.

Our Clients’ Stories

Join us in celebrating the diverse experiences of those who have chosen our outsourced services - where satisfaction finds its voice.

Partnering with ProcStat has been a game-changer for me. Before discovering their services, I often had to turn down work because I couldn’t manage the workload on my own. Since I started working with them, I’ve been able to take on more projects confidently. Their support is reliable, efficient, and exactly what I needed to scale up without compromising on quality. If you're looking to expand and need an extra pair of hands, I highly recommend reaching out to ProcStat.

Louis Marchman

Founder, Marchman Accounting

ProcStat has been an invaluable partner to LendingTree Research Services since our inception and seamlessly managing the financial operations of our office. Their comprehensive suite of services, including bookkeeping, financial reporting, tax compliance, payroll processing, and financial planning, has consistently exceeded our expectations. What sets ProcStat apart is their meticulous attention to detail and proactive approach, ensuring that compliance and financial integrity are always maintained without the need for constant oversight. Their ability to deliver accurate and timely insights has empowered us to make informed decisions and focus on strategic growth, confident that our finances are in expert hands. ProcStat’s unwavering reliability and professionalism have made them an indispensable extension of our team. We deeply appreciate their dedication to excellence and look forward to many more years of collaboration.

Abhishek Chauhan

Designated Partner, LendingTree India

Working with ProcStat has been a game changer for our franchise operations. With 9 locations to manage, staying on top of our finances was a constant struggle until they stepped in. Their team has simplified everything from bookkeeping to cash flow management, providing us with real-time insights that have driven smarter decisions and significant revenue growth. They’ve truly helped us unlock the potential of our business.

Thomas Griffin

Multi-Franchise Owner

ProcStat’s white-label accounting services have transformed the way we manage our workload. By seamlessly integrating their team of qualified accountants with ours, we’ve been able to handle seasonal spikes without any strain on our internal resources. This partnership has not only improved our operational efficiency but also allowed us to take on more clients and scale our business faster than ever before.

Steven Mitchell

Leading CPA Firm

FAQs

Property management accounting is a specialized practice focused on managing and recording financial transactions across single or multiple properties. It involves tracking rental income, managing expenses such as maintenance, utilities, and repairs, ensuring accurate financial reporting, and maintaining compliance with tax regulations. Proper accounting helps property owners stay organized, optimize cash flow, and prepare for tax filings while ensuring financial stability across their real estate portfolio.