Insights & Resources for Property Management Accounting

A new roof, a replacement HVAC system, or a major renovation can represent a significant expense for a rental property. However, the amount paid is only part of the accounting decision. Property managers must also determine how the cost should be classified, which property should carry it, and how it should appear in financial reports. Problems arise when capital expenditures are recorded as routine maintenance, repair expenses are incorrectly capitalized, or vendor invoices