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Meru Accounting

How Does a Property Accountant Handle CAM Reconciliation? A Complete Guide

How Does a Property Accountant Handle CAM Reconciliation_ A Complete Guide

The CAM statement says $48,000. The tenant’s records show $43,500. Which number is right? That question is common when a commercial property reaches its year-end CAM reconciliation. The difference may not come from a simple math error. A repair may not be recoverable. A utility bill may cover both tenant space and common areas. The […]

How to Avoid Capital Gains on Real Estate

How to Avoid Capital Gains on Real Estate

Selling a property for more than you paid for it sounds like a win—until the tax bill enters and does not tell you what you will owe. This is why how to avoid capital gains on real estate is important. A $200,000 profit does not always mean $200,000 is taxable, and the sale price alone […]

Why Does a Real Estate Bookkeeper Need Accurate Commission Payout Tracking?

Why Does a Real Estate Bookkeeper Need Accurate Commission Payout Tracking

A real estate bookkeeper sees a $20,000 commission hit the brokerage account. At first, it looks simple. But the agent is due 70%; a transaction fee must be taken out, and the brokerage keeps the rest. Then the bank shows a payment that is $250 lower than the payout sheet. Now the question is: where […]

Can You Write Off Real Estate Taxes? Complete Guide to Deduction Limits

Can You Write Off Real Estate Taxes? Complete Guide to Deduction Limits

Paying real estate taxes is a common cost for U.S. homeowners, landlords, and real estate investors. But can you write off Real Estate taxes on your federal tax return? In many cases, yes, but the rules depend on how you use the property, how the tax is paid, and whether the deduction falls under the […]

Accounting for Real Estate Transactions: Mortgage & Financing Checklist

Accounting for Real Estate Transactions_ Mortgage & Financing Checklist

Accounting for real estate transactions requires more than recording the property price and mortgage balance. A real estate purchase can include earnest money, a down payment, loan proceeds, lender fees, points, prepaid interest, title costs, property taxes, insurance, and other closing items. Each item may need a different accounting treatment. Real estate purchase accounting begins […]

Real Estate CPA: Complete Guide to Choosing the Right Accountant

Real Estate CPA_ Complete Guide to Choosing the Right Accountant

A rental property can look simple from the outside. Rent comes in. Mortgage payments go out. Repairs get paid. Then tax time arrives. But once you own more than one property, things can change fast. One house may need a roof. Another may sit empty for two months. A third may be sold. You may […]