Bookkeeping for Real Estate Firms
Bookkeeping Built for
Real Estate Investment and Brokerage Firms
Property-Level and Portfolio Accounting
We track income and expenses by property and portfolio -- giving principals and investors a clear view of the financial performance of each asset and the overall portfolio.
Investor and Lender Ready
We prepare the financial statements and supporting schedules that real estate investors, lenders, and fund managers require -- organized, accurate, and delivered on schedule.
Multi-Entity Structure Support
We manage the accounting across the multi-entity structures that real estate firms typically use -- holding companies, operating entities, and property-level LLCs.
100+
Successful transactions completed
20+
Years of experience
$5 - 50m
Average size of transaction
$20-200m
Average market cap of clients across tech, manufacturing & services
Bookkeeping for Real Estate Investment Firms and Commercial Brokerages
What makes us different?
Real estate investment firms, commercial brokerages, and property investment groups have financial structures that require specific accounting expertise. Properties are typically held in separate legal entities, income and expenses need to be tracked at the property level, and the reporting requirements of investors and lenders are often more demanding than those of a standard operating business. Depreciation, capital improvement tracking, and loan covenant compliance add further complexity.
Corviniti provides bookkeeping and accounting services to real estate investment firms, commercial brokerages, and property investment groups. We maintain property-level financial records, prepare investor and lender reporting, and manage the accounting across multi-entity structures. We give real estate principals the financial clarity they need to manage their portfolio and meet their investor and lender obligations.
We work with firms that own commercial, residential, and mixed-use properties — including office, retail, industrial, and multifamily assets. We understand the specific accounting requirements of real estate investment structures.
We help with:
- Property-Level Accounting: Maintain separate books for each property entity, tracking rental income, operating expenses, capital improvements, and debt service at the asset level.
- Rental Income Reconciliation: Reconcile rental income to lease agreements and rent rolls, tracking prepaid rent, security deposits, and outstanding tenant balances.
- CAM and Operating Expense Recovery: Track common area maintenance (CAM) charges, reconcile annual CAM true-ups, and account for operating expense recoveries correctly.
- Depreciation and Capital Improvement Tracking: Maintain depreciation schedules for all real property and improvements, and track capital expenditures separately from operating expenses.
- Debt Service and Loan Compliance: Record mortgage payments, track interest expense, and maintain the financial records needed for lender reporting and covenant compliance.
- Investor Reporting: Prepare property-level and portfolio-level financial statements and capital account schedules for investor reporting.
- Multi-Entity Consolidation: Manage the accounting across multiple property entities and prepare consolidated financial statements for the portfolio.
- Tax Preparation Support: Maintain the financial records your tax advisors need for annual preparation, including 1031 exchange tracking and depreciation schedules.
Our Bookkeeping Services
Monthly Bookkeeping
Maintain accurate, property-level financial records with a disciplined close process that gives investors and management a clear view of portfolio performance.
- Rental Income Reconciliation: Reconcile rental collections to the rent roll each period, tracking outstanding tenant balances.
- Property Expense Tracking: Record and categorize all property operating expenses accurately at the asset level.
- Financial Statement Delivery: Deliver accurate monthly financial statements for each property and the consolidated portfolio.
- Debt Service Recording: Record mortgage payments and track interest expense by property.
Cleanup and Catch-Up
Organize and correct historical property financial records, reconcile backlogged tenant accounts, and establish a clean baseline for ongoing bookkeeping.
- Historical Rental Reconciliation: Reconcile historical rental income to lease records and resolve discrepancies in recorded amounts.
- Capital vs. Operating Cost Cleanup: Review and correctly classify historical expenditures between capital improvements and operating expenses.
- Depreciation Schedule Cleanup: Review and correct depreciation schedules to ensure accurate asset tracking and tax compliance.
Financial Planning & Analysis
Translate accurate financial records into the portfolio performance analysis that real estate investors and principals rely on.
- NOI and Cash-on-Cash Analysis: Calculate net operating income and cash-on-cash returns by property to evaluate portfolio performance.
- Portfolio Performance Reporting: Prepare portfolio-level financial summaries for investor reporting and management review.
- Cash Flow and Distribution Planning: Build forward-looking cash projections that reflect lease expirations, capital needs, and distribution timing.
Contact us to discuss scope and pricing for your portfolio.
Why Choose Us?
Big 4 expertise,
boutique agility
Corviniti provides real estate accounting with Big 4 technical depth and the responsiveness of a boutique that understands how real estate investment firms and commercial brokerages actually operate.
We work with real estate firms at every stage of portfolio development
From emerging real estate investment firms building their accounting infrastructure to established portfolio owners with complex multi-entity structures, Corviniti provides the bookkeeping support real estate businesses require.
- Professional Services Experience
- Tax-Preparer Ready Year-Round
- Audit and Due Diligence Ready
- Big Four Experience, Boutique Attention
- Flexible Support That Grows With You
Contact Us To
Learn More
Call: (347) 472-1115
Email: info@corviniti.com
Tell us about your portfolio structure and what your current bookkeeping looks like. We will respond within 24 hours.
Learn More From
Frequently Asked Questions
We maintain separate books for each property entity and prepare both entity-level and consolidated financial statements. We manage intercompany transactions between entities — such as management fees paid to the operating company — and ensure the consolidated picture is accurate and consistent.
We maintain the CAM tracking schedules, record estimated monthly CAM charges, and reconcile the annual CAM true-up when the actual amounts are determined. We account for amounts owed to or from tenants as a result of the reconciliation and ensure the recovery amounts are reflected correctly in the financial statements.
Yes. We maintain investor capital accounts reflecting contributions, distributions, and allocated income and expenses, and prepare periodic capital account statements for investor reporting. We work with your legal counsel to ensure the allocation methodology is consistent with the operating agreement.
Capital improvements are costs that extend the useful life of a property or add new functionality — they are capitalized and depreciated over their useful lives. Operating expenses are recurring costs of maintaining the property in its current condition — they are expensed in the period incurred. We analyze each significant expenditure and apply the correct treatment based on the facts and circumstances.
Yes. We prepare the financial statements and supporting schedules that lenders require for periodic reporting — typically quarterly or annual financial statements, debt service coverage calculations, and other covenant-related metrics. We maintain the financial records in a format that makes lender reporting efficient.
Yes. We regularly work with foreign private issuers and companies with cross-border structures, including IFRS reporting, US GAAP reconciliations, and multi-entity consolidations for companies with domestic and international subsidiaries.
In most cases, we can begin within a few days of finalizing our agreement. Our KYC and onboarding process is straightforward and does not create unnecessary delays before the actual work starts.
