Real Estate Bookkeeping & Accounting Services
Commission splits and property-level accounting are eating your time. Twelix handles your real estate books so you can close more deals.
Mistakes real estate owners make with their books
These aren't rare edge cases — they show up in almost every new client account we onboard.
Not tracking income and expenses per property
No way to know which properties are profitable
We set up property-level P&L for every unit in your portfolio
Missing depreciation deductions
Overpaying taxes by thousands per property per year
We maintain depreciation schedules and coordinate with your CPA
Commingling personal and rental funds
Audit risk and pierced LLC protections
Separate accounts with proper entity-level bookkeeping
Are these showing up in your books right now?
Get a Free Books ReviewWe'll tell you exactly what we find — no charge.
Real Estate Bookkeeping Challenges
Commission Tracking
Split commissions between agents, brokers, and teams require precise tracking and reconciliation.
Property-Level Accounting
Each property needs its own P&L for rental income, expenses, and depreciation.
Trust Account Compliance
Escrow and trust accounts have strict regulatory requirements that must be maintained.
Multiple Entity Management
LLCs, partnerships, and holding companies add layers of accounting complexity.
Our Real Estate-Specific Services
Twelix assigns you a bookkeeper with deep real estate expertise. Not a generalist — a specialist who knows your business model.
Numbers that actually tell you how your real estate business is performing
If your current books can't surface these, you're flying blind.
Net Operating Income (NOI)
Rental revenue minus operating expenses
Core metric for property valuation and cash flow
Occupancy Rate
Occupied units as % of total units
Directly impacts revenue and cash flow projections
Expense Ratio
Operating expenses as % of rental income
Flags rising costs before they erode margins
Your bookkeeper should be surfacing these every month.
See How We ReportTools We Work With
Real Estate tax deductions our bookkeeping service tracks for you
These write-offs are built into how we categorize your expenses from day one — so nothing slips through at tax time.
Depreciation
Depreciate residential properties over 27.5 years and commercial over 39 years
Repairs & Maintenance
Plumbing, HVAC, painting, and general upkeep costs
Property Management Fees
Management company fees and leasing commissions
Insurance Premiums
Property, liability, and umbrella insurance for your portfolio
Travel & Mileage
Driving to properties for inspections, maintenance, and showings
Legal & Professional
Attorney fees, CPA fees, and eviction costs
Every one of these is included in how we run your books.
See What's Included in Your PlanFlat monthly rate · No contracts · Start in 48 hrs
Why Real Estate Businesses Choose Twelix
We don’t just keep your books — we give you the financial clarity to run your real estate business with confidence.
Bookkeepers with real estate and property management expertise
Property-by-property profitability reporting
Trust account compliance maintained monthly
Multi-entity consolidation and reporting
24-hour response time on all communications
Real Estate Bookkeeping FAQ
Yes. We track agent commission splits, brokerage fees, and net revenue for each transaction.
We track rental income, maintenance expenses, and produce property-level P&L statements.
We handle multi-entity bookkeeping with consolidated and individual entity reporting.
Yes. Trust and escrow account reconciliation is handled monthly with full compliance documentation.
We maintain depreciation schedules for all properties and coordinate with your CPA for tax purposes.
What our real estate bookkeeping service covers — already
These aren't questions you need to bring to a meeting with us. They're already built into how our service works.
We maintain books at the property level
Every property gets its own P&L so you always know which assets are performing, which are breaking even, and which need attention.
We record security deposits as liabilities — never income
Security deposits are held in trust and recorded correctly as liabilities until they're applied or returned — never misclassified as revenue.
We track depreciation schedules for every property
Depreciation schedules are maintained and applied correctly for both residential and commercial properties — maximizing your deduction every year.
We separate repairs from capital improvements
Repair and maintenance costs are correctly separated from capital improvements — so you're not accidentally depreciating what should be expensed immediately.
We reconcile property management statements
Monthly statements from your property management company are reconciled line by line against your books so nothing is missed or double-counted.
All of the above is already built into every Twelix engagement — and we can show you on your first call.
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Ready to Fix Your Real Estate Books?
Book a free consultation. We will review your situation and give you a firm quote within 24 hours. No sales pressure.