Our Residential Real Estate Accounting Services offer specialized, end-to-end support designed for a diverse range of properties, including residential, multi-family, Section 8, and LIHTC. We handle comprehensive financial operations, starting with meticulous Tenant & Lease Accounting and robust Accounts Payable and Accounts Receivable & Rent Collections management. Our team is dedicated to maintaining accurate and clean financial records, helping property owners, managers, and investors achieve full financial clarity across their portfolios.
Core financial integrity is ensured through a consistent General Ledger & Monthly Close process, independent Bank & Balance Sheet Reconciliations, and full Fixed Asset & Capital Accounting maintained at both the property and unit level. For strategic oversight, we provide clear Monthly & Quarterly Financial Reporting with budget-to-actual comparisons and a detailed Rent Roll Review & Analysis. This systematic approach minimizes financial risks and simplifies operational reporting.
Furthermore, we offer dedicated support for specialized regulatory needs, including Section 8 & LIHTC Accounting Support and preparation for Lender & Compliance Reporting. Investor-focused services, such as Investor & Ownership Reporting, provide partners with clear cash flow summaries and performance metrics. We also assist with Accounting Software Setup & Transitions and provide essential Catch-Up & Clean-Up Accounting to resolve historical gaps and rationalize your chart of accounts for long-term stability.
Karma Global Solution is dedicated to delivering dependable support that adapts to the changing demands of the commercial real estate industry. Our streamlined processes, secure data handling, and responsive communication ensure that clients always have clear visibility into their financial performance. Whether managing a single property or a large multi-state portfolio, we provide scalable accounting solutions that save time, control costs, and strengthen long-term financial planning. By acting as a trusted accounting partner, we allow real estate professionals to focus on property growth, tenant satisfaction, and investment success while we handle the financial accuracy behind the scenes.
Accurate setup and management of leases, tenant onboarding, renewals, and move-outs with complete tenant-level financial records, security deposit tracking, and supporting documentation.
Structured invoice processing with approval controls, vendor payment management, purchase order matching, and detailed tracking of utilities and recurring property expenses.
Ongoing management of rent receivables including tenant payments, unapplied cash resolution, late fee tracking, and documentation for government housing assistance programs.
Consistent month-end close process including journal entries, accruals, expense allocations, management fee calculations, and consolidation across multiple residential entities.
Independent reconciliation of operating accounts, security deposits, reserves, insurance escrows, and tax balances to maintain clean and reliable financial statements.
End-to-end tracking of capital assets including additions, disposals, depreciation, and write-offs—maintained at both property and unit level.
Clear, owner-ready financial reporting with budget-to-actual comparisons, variance explanations, and key performance metrics delivered on an agreed timeline.
Detailed rent roll review covering occupancy, lease terms, rental income, subsidy components, delinquencies, and overall property-level performance.
Preparation of lender-ready reporting packages including financial statements, rent rolls, lease summaries, covenant support schedules, and operational updates.
Support with annual budgeting, reforecasting, and cash flow projections tailored to residential and multi-family property operations.
Dedicated support for affordable housing portfolios including HAP recording, subsidy reconciliation, compliance-ready financials, and LIHTC-aligned reporting.
Assistance with accounting system setup or migration including chart of accounts structuring, tenant and vendor configuration, data conversion, and process alignment.
Resolution of historical accounting gaps through backlog processing, entry corrections, balance sheet cleanup, and chart of accounts rationalization.
Investor-focused reporting including capital account tracking, distribution schedules, cash flow summaries, and periodic performance reporting.
