Real estate bookkeeping, property by property
Real estate bookkeeping needs property-level detail, not one blended portfolio number, to show which assets are actually carrying performance.
Profitjets provides real estate accounting services built for real estate businesses, breaking out P&L by property, reconciling rent rolls against actual bank deposits, and tracking depreciation schedules accurately.
Our tax services make sure depreciation deductions aren't missed at filing time. Whether you manage a handful of properties or a large portfolio, our accounting services show real estate owners exactly where money is being made or lost.
+ many more
not one big pile
portfolio, this quarter
Real estate bookkeeping, done right
Not like other businesses, we track your numbers the way owners, lenders, and the IRS expect.
Property-level books
Track income and expenses by property, unit, or project, never one big pile.
Rent roll & tenant tracking
Rent, late fees, and security deposits tracked and reconciled every month.
Trust & escrow accounting
Client funds and security deposits kept separate, accurate, and compliant.
CAM & expense allocation
Common-area and operating expenses split correctly across your properties.
Depreciation & fixed assets
Buildings and improvements depreciated right, with a clean fixed-asset schedule.
1099s & vendor tracking
Contractors and vendors tracked and 1099-ready at year-end.
Real estate tax, without the surprises
Real estate is one of the most tax-advantaged businesses there is, but only if the books capture it. We keep records that make every deduction and exchange easy to claim.
Get clarity of your real estate finances with Profitjets
See what changes when a team that understands rent rolls, Schedule E, and 1031 exchanges takes your real estate books off your plate.
Before Profitjets
- Income and expenses lumped together across every property
- Rent roll, deposits, and CAM charges reconciled by hand
- Depreciation and 1099s scrambled together at tax time
- No clear per-property NOI to guide buy or sell decisions
With Profitjets
- Property-level P&L and portfolio reporting every month
- Rent, late fees, deposits, and CAM reconciled automatically
- Schedule E, depreciation, and 1099s tracked year-round
- Clear NOI per property to guide every investment decision
What Real Estate Businesses Say
Property P&L Showed Which Assets Performed
“We had one blended P&L across twelve properties, so we had no idea which buildings were actually carrying the portfolio. Profitjets bookkeeping services broke it out by property, and two underperformers became obvious immediately. We're actively considering selling both now that we can see the real numbers.”
Rent Roll Matched Our Actual Bank Deposits
“Our rent roll and our bank deposits never quite lined up, and we could never pinpoint where the gap came from. Profitjets bookkeeping services reconciled the two, and it turned out we'd been missing a tenant's partial payments for months. We recovered that back rent once the gap was actually identified.”
Depreciation Tracked Correctly Across the Portfolio
“Depreciation schedules across our properties were inconsistent, and we suspected we were missing deductions we were entitled to. Profitjets' tax services rebuilt the schedules property by property, and it made a real difference at tax time. Our accountant said it was some of the cleanest documentation they'd seen from a client our size.”
Built for every kind of real estate business
Commission income
Commissions, splits, and expenses, tracked cleanly.
Rental portfolios
Per-property P&L, depreciation, and Schedule E.
Managing for owners
Trust accounting and owner statements, done right.
Multiple entities
Consolidated, investor-ready reporting.
Questions, answered
Yes. We reconcile every commission payment monthly against closings, tracking gross amounts, splits, and referral fees with a full audit trail. Whether you have 5 agents or 50, 1099 prep becomes a formality.
Yes, we work directly inside both platforms and reconcile them against QuickBooks. Owner statements and CAM charges are in sync every month, so nothing needs to be manually cross-checked on your end.
We start with a cleanup phase to get your records accurate and current before taking over ongoing accounting. Most cleanups take a few weeks depending on how far behind things are. Once clean, monthly bookkeeping picks up from there with no gaps.
Pricing depends on transaction volume, number of agents, and whether property management accounting is involved. We provide a specific quote after a short assessment of your current setup, without any contract.
Yes. We track depreciation from the point of acquisition and prepare documentation for 1031 exchanges alongside your tax filing, not reconstructed after the fact.
Services for this industry
Also built for Rental Businesses, Hotels, Law Firms and Non-profits.
Keep Every Property's Books Clear and Tax-Ready
Book a free consultation and we'll map out exactly how we'd handle your real estate bookkeeping and tax.