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Metro North & North Shore, MA
Rental Property Accounting
Clear books for your rental: monthly owner statements, expense tracking and bill pay, and year-end 1099s and tax-ready reports, from a team founded by a former CPA.
Current tenant? Pay rent or request maintenance in the tenant portal
How it works
Books You Can Hand to Your Accountant
Accounting is built into how we manage, not bolted on at year end.
Monthly owner statements
Every month you get a statement showing rent collected and reconciled, expenses and bills paid.
Expenses and bill pay
We track expenses and pay the property’s bills, so the statement reflects everything that happened that month.
Year-end 1099s and tax-ready reports
At year end we prepare 1099s and tax-ready reports from the same Buildium records, ready for you or your accountant.
Advice with an accountant’s eye
Mark Pitzi’s background as a former CPA means he can talk through tax implications and financial questions about your property.
Who you work with
Real Estate & Finance Professionals
Founder & CEO
Mark Pitzi
A former certified public accountant with 10+ years in that profession, now a full-time real estate professional.
CFO
Ian Estabrooks
CFA charterholder with 15 years of investment and portfolio management experience.
Manager of Tenancy Operations
Scott Bornstein
Handles finding the right tenant, from marketing and screening to preparing the lease.
Good to know
Massachusetts Rules Worth Knowing
The state rules that come up most often with this part of renting.
Holding a security deposit
Deposits must be held in a separate interest-bearing account at a Massachusetts bank. The tenant gets a receipt naming the bank, account number and amount within 30 days, and the deposit, minus lawful deductions, is due back within 30 days after the tenancy ends.
Interest on deposits and last month’s rent
Tenants are owed interest each year on the security deposit and on last month’s rent: 5 percent, or the lesser amount the bank actually paid. The interest is due on the anniversary of the tenancy.
General information only, not legal advice. Sources on mass.gov: security deposit rules.
FAQ
Rental Property Accounting FAQ
What reports do I get?
Monthly owner statements with rent reconciliation, expenses and bills paid, plus year-end 1099s and tax-ready reports.
Do you prepare 1099s?
Yes. Year-end 1099s and tax-ready reports are part of our accounting services.
What software do you use?
Buildium property management software.
Is Mark Pitzi a CPA?
Mark is a former certified public accountant. He brings that background to reporting and can talk through tax implications and financial questions with you.
How must a security deposit be held in Massachusetts?
In a separate interest-bearing account at a Massachusetts bank, with a receipt to the tenant naming the bank, account number and amount within 30 days.
More services
Everything Else We Handle
Tenant Placement & Leasing
Marketing, screening and lease preparation.
Learn more →Rent Collection
Collected monthly, reconciled in Buildium.
Learn more →Maintenance & Repairs
Requests, repairs, renovations, snow and grass.
Learn more →Growing a portfolio? See our real estate investment management services.
Towns We Serve
Metro North Boston and the North Shore, across Middlesex, Essex and Suffolk counties.
Get a Free Rental Analysis
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