Accounting for Property Management Transactions : ezLandlordForms

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Accounting for Property Management Transactions

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Rick S

started a topic about 17 years ago

We are starting to manage properties for other owners. Can someone tell me how to account for incoming rent (assuming it is a current liability) and then the income to us from tenant placement fees and monthly management fees? Thanks, Rick

2 Comments

J

James P

said about 17 years ago

While there are provisions you can put into a lease that allow for collection of rent and other related fees, this seems more like an accounting question that accounting-oriented contributors may be familiar with.

J