Bookkeeping for a property management company is no simple task – and Boomtown employs the best! Some property income is subject to management fees – some is not (e.g., water bill reimbursement). Some money we receive is treated as income, some is not (e.g., security deposits).
Our bookkeepers are experts on how to account for and record every financial nuance for your property. They are both subject matter experts in accounting and our property management system to ensure you have the most complete and accurate financial record for your property.
Finally, we take the burden off you for security deposit administration and adjudication – which is a full-time job by itself. Maryland law requires very specific handling of tenant security deposits and the mishandling of these security deposits can be costly. Damages for mishandling this money can lead to tenant awards totaling 3x the original collected deposit. We collect, account for, and return security deposits based on our deep knowledge of the law and best practices shaped through years of experience. We take the burden of collecting and accounting for this money so you can sleep well at night!
From rent collection to security deposit administration let our experts go to work for you!