Our client is a U.S.-based real estate investor managing multiple rental properties and acquisition deals. As their portfolio expanded, so did the complexity of their accounting and transaction management. They needed a partner who could deliver accurate, timely, and organized real estate accounting support.
REVIEWS
Properties managed
High client satisfaction rate
Increased transaction efficiency
The Challenge
The client was juggling multiple real estate properties, tenant changes, acquisitions, and monthly reporting—each with its own set of financial requirements. They required assistance to:
Manage and split complex property transactions.
Track and report net cash flow for each asset.
Perform monthly reconciliations.
Maintain clean and accurate records in Stessa.
Keep owner statements organized in Financial Cents.
Their goal: financial clarity, real-time data access, and zero delays in reconciliations or investor reporting.
What did Tasks Expert do for Real Estate Accounting?
Tasks Expert deployed a real estate-focused virtual accounting solution using Stessa and Financial Cents to manage daily bookkeeping, monthly reconciliations, and acquisition tracking:
Transaction Management in Stessa
Managed and split property transactions in Stessa, categorizing each expense or income source properly.
Recorded every new property purchase with full details, including cost basis, closing date, and source of funds.
Tracked and reported net cash flow on a monthly basis, giving the client a real-time snapshot of each property’s performance.
Tenant and Owner Record Maintenance
Added new tenants into Stessa as leases were signed or properties transitioned.
Updated lease terms and payment tracking to align with the client’s revenue forecasting.
Monthly Reconciliations and Statements
Conducted monthly account reconciliations, ensuring bank transactions matched the system records.
Managed and organized owner statement data in Financial Cents for smooth investor communication and reporting cycles.
The Results
- Improved Financial Clarity
- Faster Decision-Making
- Streamlined Recordkeeping
- Increased Operational Efficiency
- Reliable Compliance & Reporting
