Real estate accounting is its own discipline. Between CAM reconciliations, rent rolls, NOI, owner and investor reporting, security deposit rules, tenant improvements, and cost segregation, a property owner’s or manager’s books have to answer questions a general accountant never sees — and small errors compound into misstated returns, blown owner statements, and missed tax savings. Precision Accounting & Consulting runs a dedicated real estate and property management accounting practice for New York owners, managers, and investors.
What we do: full-service accounting and bookkeeping built for New York real estate — property-management accounting, CAM reconciliation, rent roll and NOI reporting, owner/investor statements, security-deposit handling, tenant-improvement accounting, and real-estate tax strategy including cost segregation — so your reporting is clean, your owners trust it, and you keep the tax dollars that are legally yours.
Precision is built as a niche accounting firm: rather than one generalist covering every industry, we run focused practices with specialists for the fields we serve — construction, law, and commercial real estate among them. For real estate, that means the person on your books actually understands lease accounting, CAM, and how a cost-segregation study changes your depreciation. We work with commercial landlords, property management companies, and real estate investors across Long Island, NYC, and New York State.
“My CAM reconciliations are a mess and I’m afraid a tenant will dispute them.”
“My owner statements never quite tie out and it’s costing me trust.”
“I’m sure I’m leaving depreciation and tax savings on the table.”
“My tenant improvement allowance got booked wrong and now taxes are a question mark.”
“My current accountant doesn’t really understand real estate.”
A CAM reconciliation built on bad expense pools either under-bills tenants (you eat the cost) or over-bills them (you invite a dispute and a clawback). Owner statements that don’t tie rent roll to NOI to cash quietly erode the trust that keeps management contracts. And on the tax side, real estate is one of the most advantaged asset classes in the code — cost segregation, depreciation, and deal structure can move six figures — but only if someone who knows the rules is planning ahead. These aren’t bookkeeping quirks; they’re the difference between a portfolio that compounds and one that leaks value. We build the systems that keep them right all year.
Based in Melville on Long Island, Precision Accounting & Consulting works with commercial landlords, property managers, and real estate investors across Long Island, the five boroughs, and New York State — on-site where it makes sense and remotely everywhere else.
A real estate accountant handles CAM reconciliation, rent roll and NOI reporting, owner/investor statements, security deposits, tenant-improvement accounting, and cost segregation — the industry-specific reporting and tax strategy general accountants typically don’t provide.
Yes. We produce accurate CAM reconciliations and defensible tenant billings, plus owner and investor reporting that ties rent roll to NOI to cash.
Yes. We advise on cost segregation, depreciation, and deal structure to capture the tax advantages real estate offers, coordinating a study where it makes sense. Specific outcomes depend on your properties.
Yes — commercial landlords, property management companies, and individual real estate investors and partnerships across New York.
Yes. We regularly take on cleanup and catch-up engagements, rebuild the chart of accounts and CAM/owner-reporting process, and get owners and managers back to accurate monthly reporting.
If you want real estate financials your owners trust and a tax strategy that captures what’s yours, Precision Accounting & Consulting can help. Contact us to talk with a real estate accounting specialist, or read our guide to CAM reconciliation and tenant improvement allowance accounting.
Disclaimer: General information only, not accounting, tax, or legal advice. Consult a qualified professional about your properties’ specifics.