Financial & Accounting Services
Professional Property Accounting. In-House.
Strong property management requires strong financial management.
Towne Housing Real Estate has built a growing in-house accounting department of five industry professionals dedicated to the financial operations of the properties and communities we manage.
Our accounting team includes a Director of Finance, Controller, dedicated Accounts Receivable and Accounts Payable functions, and professional bookkeepers who work alongside our property management teams every day.
This integrated approach provides our investors, property owners, associations, and institutional clients with consistent financial oversight, organized reporting, and a clear understanding of the financial performance of their properties.
Dedicated Financial Oversight
Our accounting department manages the daily flow of funds across our managed portfolio—from incoming rent and assessments to vendor invoices, operating expenses, owner distributions, and monthly financial reporting.
Because accounting and property management operate together, financial questions can be addressed with the operational context behind the numbers.
Our Accounting Services Include:
- Accounts Receivable – Daily monitoring and recording of rent, assessments, fees, and other property income.
- Accounts Payable – Invoice processing, coding, approvals, vendor payments, and documentation of property expenses.
- Monthly Financial Reporting – Preparation of property-level financial statements and supporting reports for owners and clients.
- General Ledger Management – Detailed tracking and classification of income, expenses, assets, liabilities, and other property-level activity.
- Bank & Account Reconciliation – Routine reconciliation and review of property operating accounts and financial activity.
- Owner & Investor Reporting – Organized reporting designed to provide visibility into property income, expenses, cash flow, and operating performance.
- Budgeting & Financial Analysis – Collaboration with property management teams and ownership to review operating results, identify trends, monitor budgets, and evaluate variances.
- Vendor & Invoice Management – Review and processing of vendor invoices with supporting documentation and coordination with property managers when clarification or approval is required.
- Security Deposit Accounting – Tracking and accounting support for resident security deposits and related property liabilities.
- 1099 Preparation & Issuance – Management of applicable year-end vendor reporting and 1099 issuance.
- Year-End Financial Reporting – Preparation and organization of year-end property financial information for owners and their accounting professionals.
- CPA Coordination – Direct collaboration with each client’s CPA or accounting firm to provide requested reports and supporting financial documentation for year-end tax preparation.
Accounting That Works With Property Management
Our accounting team doesn’t operate separately from the properties we manage.
They work hand in hand with our property managers, community managers, maintenance teams, and leadership to understand what is happening at each property and ensure the financial records reflect those operations.
When a significant repair occurs, a unit turns, a capital project begins, or income changes, our accounting and management teams can communicate directly rather than leaving the property owner to coordinate between multiple companies.
Monthly Reporting & Financial Visibility
Property owners need more than a list of transactions. They need to understand how their assets are performing.
Our team prepares regular financial reporting and reviews property activity to help owners understand income, expenses, cash position, budget performance, and significant changes in operations.
Owners also have digital access to important financial information, statements, invoices, and property documentation, providing greater transparency into the financial activity of their investments.
Year-End Coordination With Your CPA
At year-end, our responsibility extends beyond simply closing the books.
Our accounting team prepares required year-end reporting, handles applicable 1099 issuance, and works directly with the CPA or accounting firm of each client’s choosing to provide the property-level financial information and supporting documentation needed for tax preparation.
Your CPA remains your tax professional. Our job is to make sure they receive organized, comprehensive property accounting information to do their job efficiently.
Financial Management You Can Depend On
Whether we manage a single investment property, a multifamily portfolio, a homeowners association, student housing community, or a large institutional asset, the same principle applies:
Accurate financial information is fundamental to responsible property management.
By maintaining a dedicated accounting department within Towne Housing Real Estate, we provide our clients with another layer of professional oversight, accountability, and transparency.
Let our property management and accounting teams handle the daily financial operations—so you can stay informed and focused on the bigger picture.
