Bookkeeping for property management companies
Property managers collect rent for owners, pay maintenance and charge fees. Owners' money must be kept separate from your own. We keep every unit, owner and tenant ledger accurate and send owners clear statements.
Common challenges we fix
- Owners' money mixed with company income
- Rent cheques and post-dated cheques to track
- Maintenance costs paid on owners' behalf
- Different VAT on residential and commercial units
What we handle for you
- Owner and tenant ledgers for every unit
- Rent collection and post-dated cheques tracked
- Maintenance and service costs recharged to owners
- Management fees recorded as your income
- VAT treatment by property type
- Monthly owner statements
Frequently asked questions
Is the rent we collect for owners our revenue?
No. Rent collected on behalf of owners is held for them. Only your management fee and any commissions are your revenue.
Is rent subject to VAT?
Commercial rent is generally standard-rated at 5%, while residential rent is generally exempt. Your management fees are standard-rated.
Guides for UAE businesses
Bookkeeping for Small Business in UAE: Step-by-Step Guide
Eight simple steps to set up and keep bookkeeping for a UAE small business, with basic examples and the UAE-specific rules you need.
Read the guide →VAT Registration Threshold UAE: Who Must Register?
AED 375,000 mandatory, AED 187,500 voluntary: how the UAE VAT threshold works, how to calculate it and when you must apply.
Read the guide →Corporate Tax Registration Deadline UAE (Including New Companies)
New companies have three months to register for Corporate Tax. Here's how the deadline works, the AED 10,000 penalty and the waiver.
Read the guide →Get your books in order this month
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