Now you can streamline your real estate finances with an FDIC-insured checking account that seamlessly integrates with Stessa. Furthermore, get competitive annual percentage yield (APY) rates, no account maintenance fees, and no other hidden fees. Many firms use outsourced accounting for property management companies to reduce workload, improve accuracy, and ensure compliance with state regulations. […]
Category Archives: Bookkeeping
It handles complex ownership structures, GAAP-compliant financials, accounts payable/receivable, and automated distributions across multifamily, commercial, and affordable housing portfolios. With deep integration capabilities and scalable architecture, it supports organizations managing thousands of units while providing real-time analytics and compliance features. DoorLoop offers a complete property management ecosystem where accounting is a deeply integrated component, not […]
It helps you understand your business in terms of liquidity and solvency — that is, your ability to meet day-to-day obligations like payroll and rent. This analysis will guide you in creating a realistic budget for the future. Finding an accountant to manage your bookkeeping and file taxes is a big decision. Managing rental income […]
The placed-in-service date is when you begin holding the property for rental income after inheriting it. When you convert your home to a rental, the placed-in-service date is the conversion date—not when you originally bought the house. Your depreciation basis is the lower of fair market value at conversion or your adjusted basis, which often […]