Frequently Asked Questions

How much does property management bookkeeping cost?

Our standard bookkeeping rate is $30 per hour, while accounting cleanup and catch-up work is $45 per hour. For professional property management companies, ongoing bookkeeping can generally be estimated at approximately 1.25% of monthly rent roll as a budgeting guideline. Actual costs depend on your portfolio, transaction volume, accounting complexity, and the services you need.

Do you provide bookkeeping for rental property owners and real estate investors?

Yes. We work with self-managing property owners and real estate investors who want professional bookkeeping without the expense of hiring an in-house bookkeeper. You can use us for ongoing bookkeeping or select only the accounting services you need.

Do you provide bookkeeping for property management companies?

Yes. We work with professional property management companies that need additional accounting capacity, want to outsource their bookkeeping, or need help with specific accounting functions. We can work alongside your existing staff or handle the bookkeeping process for you.

Do I have to give you control of my rental income or other funds?

Your money can remain under your control. Depending on your banking and accounting setup, rental income and other funds can be deposited directly into accounts controlled by you while Integrity handles the bookkeeping and accounting work. This allows you to outsource the accounting without necessarily handing control of your funds to a third party.

Do you recommend property management software that's better than my current?

Yes. We recommend AppFolio for property management and accounting. It provides a powerful platform for managing properties, tenants, accounting, maintenance, reporting, and owner communication in one place.

Do you have CPA professionals on your team?

Yes. Our team includes CPA professionals, giving you access to professional accounting knowledge in addition to day-to-day bookkeeping support. This is particularly valuable when dealing with reconciliations, accounting corrections, historical cleanup, and more complex financial questions.

Can you clean up my existing books?

Yes. Our cleanup and catch-up service is $45 per hour. We can work through unreconciled accounts, duplicate or incorrectly recorded transactions, historical accounting issues, missing information, and other problems that need to be resolved before establishing a reliable ongoing bookkeeping process.

What bookkeeping services can I choose from?

Our à la carte services can include monthly bookkeeping, bank reconciliations, accounts payable, bill processing, owner accounting, property-level accounting, financial reporting, transaction posting, month-end close support, and accounting cleanup. We can build the service around your specific needs.

Can you handle owner statements and property-level accounting?

Yes. We understand that rental property accounting requires more than simply recording income and expenses. We can help maintain property-level records, owner accounting, tenant-related transactions, expenses, reconciliations, and financial reporting.

Can you handle accounts payable and vendor bills?

Yes. Accounts payable and vendor bill processing can be added to your bookkeeping services. We can help organize, enter, code, and process bills according to your established workflow.

How do I know what my monthly bookkeeping will cost?

We'll look at your portfolio size, rent roll, transaction volume, accounting systems, and the services you need. For professional property management companies, approximately 1% of monthly rent roll can be used as a starting budgeting estimate. We'll then determine the actual workload and provide a more accurate estimate.

Why use Integrity instead of a general bookkeeper?

Because property management is what we do. Our team understands the accounting issues that come with rental properties and property management, including property-level accounting, owner statements, vendor bills, reconciliations, management fees, tenant transactions, and property management software. Combined with CPA expertise, this gives you bookkeeping support from a team that understands both the numbers and the business behind them.

​​​