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The Average Salary & Duties of A Property Accountant

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In every business, regardless of the industry, the role of an accountant is necessary. Particularly in the real estate sector where there are financial statements involved.

In this article, we'll feature the typical duties accomplished by a property accountant and the corresponding average salary. We'll also discuss whether it's ideal to hire locally or offshore for this role.

What is a Property Accountant?

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A property accountant is a key position that handles the financial aspects of a real estate company’s rental properties. The major function of a real estate accountant is managing the business side of property management.
They play an essential role in forming the financial backbone of the property management business and contribute to its success. They are responsible for handling all the financial and technical tasks involved in managing commercial or residential properties.
If a real estate company manages properties for owners, the property accountant will regularly communicate with owners to clarify financial statements.
They also prepare financials and other documents which help owners to understand the profitability of their properties. With their assistance, property owners can make informed decisions about purchasing new properties.
In addition to this, real property accountant handles all aspects of rental deposit accounting. This involves establishing and overseeing the trust account for rent, tenant deposits, and bonds, including handling deposits and making disbursements.
ShoreAgents can aid you in hiring a virtual property finance professional. We can develop a comprehensive job description and recruit potential candidates for you to choose from. This can simplify the process of finding the ideal accountant for your property management needs.
A property accountant is a key position that handles the financial aspects of a real estate company’s rental properties. The major function of a real estate accountant is managing the business side of property management.
They play an essential role in forming the financial backbone of the property management business and contribute to its success. They are responsible for handling all the financial and technical tasks involved in managing commercial or residential properties.
If a real estate company manages properties for owners, the property accountant will regularly communicate with owners to clarify financial statements.
They also prepare financials and other documents which help owners to understand the profitability of their properties. With their assistance, property owners can make informed decisions about purchasing new properties.
In addition to this, real property accountant handles all aspects of rental deposit accounting. This involves establishing and overseeing the trust account for rent, tenant deposits, and bonds, including handling deposits and making disbursements.
ShoreAgents can aid you in hiring a virtual property finance professional. We can develop a comprehensive job description and recruit potential candidates for you to choose from. This can simplify the process of finding the ideal accountant for your property management needs.
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What is the salary of a Property Accountant?

The salary for a property accountant depends on several factors. This includes experience, the job’s complexity, and the job’s specific location. The compensation varies by region and city in large countries, such as the United States. You can save a considerable amount of money by hiring a property accountant who will work in a low-cost area.
A ShoreAgents property accountant is based in the Philippines, a lower labor-cost country. ShoreAgents’ property finance specialist offers top talent and expertise at a fraction of the cost of a local accountant.

What is the average salary for a Property Accountant?

The table below is a guide based on the annual average property accountant salary. The cost savings are significant.
Consider that the salary amounts listed for most countries do not include additional costs. For instance, government charges, employer contributions, supplemental insurance, or the cost per employer for equipment. The salaries listed for the Philippines, however, do include government charges, ShoreAgents’ fees, and employee benefits.
A ShoreAgents virtual property accountant in the Philippines costs less than one-third of the average price in other countries.
The average salary of a Property Accountant in Australia
Australia Flag

AU

$90,052 AUD
Local
Philippines Flag

PH

$27,575 AUD
based in the Philippines
The average salary of a Property Accountant in New Zealand
New Zealand Flag

NZ

$81,420 NZD
Local
Philippines Flag

PH

$29,880 NZD
based in the Philippines
The average salary of a Property Accountant in United Kingdom
United Kingdom Flag

GB

£39,307 GBP
Local
Philippines Flag

PH

£15,423 GBP
based in the Philippines
The average salary of a Property Accountant in United States of America
USA Flag

USA

$69,069 USD
Local
Philippines Flag

PH

$18,577 USD
based in the Philippines
The average salary of a Property Accountant in Canada
Canada Flag

CA

$73,632 CAD
Local
Philippines Flag

PH

$24,526 CAD
based in the Philippines
The average salary of a Property Accountant in Singapore

SG

$68,830 SGD
Local
Philippines Flag

PH

$25,412 SGD
based in the Philippines

Can a Property Accountant work virtually?

Woman Working Virtually
Given the cost savings, you’re probably asking whether a property accountant can successfully do their job virtually. Property accountants can absolutely work remotely if you have suitable systems in place. Almost all the accountant’s duties can be handled by computer or telephone from anywhere in the world.
ShoreAgents can provide the necessary software tools for effective financial reporting and communication tasks with your remote property accountant. You’ll need the following:
  • An online rent portal
  • A cloud-based accounting software and management and communications tools
  • A clearly defined job description
  • Buy-in from current staff
  • Clearly written financial procedures
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Local Property Accountant Vs. Virtual Property Accountant

The advantages of hiring a virtual property accountant include:
If you hire offshore, the lower cost is a significant benefit. The salary for a property accountant in the Philippines is significantly lower than in other countries. As stated in the examples, in Australia, New Zealand, the United Kingdom, the United States, Canada, and Singapore. You'll receive equivalent professional accounting services from a virtual accountant in the Philippines as you would from a local accountant.
The ShoreAgents recruitment process ensures that those candidates we present to you are highly qualified accountants with knowledge of property management. ShoreAgents is the only BPO provider managed day-to-day by an experienced real estate agency owner. Real estate industry knowledge is engrained in our culture.
Hiring an employee locally requires a considerable amount of time you could otherwise spend securing additional properties to manage. You’ll also need to find desk space and a computer for the individual to work at your site.
Working with us is a straightforward process. Begin by signing up and completing your company profile, providing information about your business and needs. Afterward, submit a work order for your virtual property accountant.
A member of the ShoreAgents team will contact you to clarify any details. We will then present candidates for you to interview, allowing you to choose the most suitable one for your company.
You won't have to worry about advertising or conducting background checks as we handle that for you. Additionally, we provide all the necessary equipment, including a desk, computer, webcam, and two monitors, for your virtual property accountant.
As long as you have good processes in place and the proper software, hiring a virtual property accountant has no downside.
But, of course, the decision to hire virtually is up to you. If you want all these advantages, contact us. ShoreAgents is an experienced real estate staffing solutions firm. We can help you develop the processes and acquire the software necessary for the success of your virtual property accountant.
If you hire offshore, the lower cost is a significant benefit. The salary for a property accountant in the Philippines is significantly lower than in other countries. As stated in the examples, in Australia, New Zealand, the United Kingdom, the United States, Canada, and Singapore. You'll receive equivalent professional accounting services from a virtual accountant in the Philippines as you would from a local accountant.
The ShoreAgents recruitment process ensures that those candidates we present to you are highly qualified accountants with knowledge of property management. ShoreAgents is the only BPO provider managed day-to-day by an experienced real estate agency owner. Real estate industry knowledge is engrained in our culture.
Hiring an employee locally requires a considerable amount of time you could otherwise spend securing additional properties to manage. You’ll also need to find desk space and a computer for the individual to work at your site.
Working with us is a straightforward process. Begin by signing up and completing your company profile, providing information about your business and needs. Afterward, submit a work order for your virtual property accountant.
A member of the ShoreAgents team will contact you to clarify any details. We will then present candidates for you to interview, allowing you to choose the most suitable one for your company.
You won't have to worry about advertising or conducting background checks as we handle that for you. Additionally, we provide all the necessary equipment, including a desk, computer, webcam, and two monitors, for your virtual property accountant.
As long as you have good processes in place and the proper software, hiring a virtual property accountant has no downside.
But, of course, the decision to hire virtually is up to you. If you want all these advantages, contact us. ShoreAgents is an experienced real estate staffing solutions firm. We can help you develop the processes and acquire the software necessary for the success of your virtual property accountant.
Accountants are professionals and remain engaged when they can work with others in similar professions. ShoreAgents provides the opportunity for them to work with other property accountants. We also provide continuing education about the real estate industry. Because we understand real estate human resources issues, we know what’s required to retain employees.
If you hire offshore, the lower cost is a significant benefit. The salary for a property accountant in the Philippines is significantly lower than in other countries. As stated in the examples, in Australia, New Zealand, the United Kingdom, the United States, Canada, and Singapore. You'll receive equivalent professional accounting services from a virtual accountant in the Philippines as you would from a local accountant.
The ShoreAgents recruitment process ensures that those candidates we present to you are highly qualified accountants with knowledge of property management. ShoreAgents is the only BPO provider managed day-to-day by an experienced real estate agency owner. Real estate industry knowledge is engrained in our culture.
Hiring an employee locally requires a considerable amount of time you could otherwise spend securing additional properties to manage. You’ll also need to find desk space and a computer for the individual to work at your site.
Working with us is a straightforward process. Begin by signing up and completing your company profile, providing information about your business and needs. Afterward, submit a work order for your virtual property accountant.
A member of the ShoreAgents team will contact you to clarify any details. We will then present candidates for you to interview, allowing you to choose the most suitable one for your company.
You won't have to worry about advertising or conducting background checks as we handle that for you. Additionally, we provide all the necessary equipment, including a desk, computer, webcam, and two monitors, for your virtual property accountant.
As long as you have good processes in place and the proper software, hiring a virtual property accountant has no downside.
But, of course, the decision to hire virtually is up to you. If you want all these advantages, contact us. ShoreAgents is an experienced real estate staffing solutions firm. We can help you develop the processes and acquire the software necessary for the success of your virtual property accountant.
Accountants are professionals and remain engaged when they can work with others in similar professions. ShoreAgents provides the opportunity for them to work with other property accountants. We also provide continuing education about the real estate industry. Because we understand real estate human resources issues, we know what’s required to retain employees.
If you hire offshore, the lower cost is a significant benefit. The salary for a property accountant in the Philippines is significantly lower than in other countries. As stated in the examples, in Australia, New Zealand, the United Kingdom, the United States, Canada, and Singapore. You'll receive equivalent professional accounting services from a virtual accountant in the Philippines as you would from a local accountant.
The ShoreAgents recruitment process ensures that those candidates we present to you are highly qualified accountants with knowledge of property management. ShoreAgents is the only BPO provider managed day-to-day by an experienced real estate agency owner. Real estate industry knowledge is engrained in our culture.
Hiring an employee locally requires a considerable amount of time you could otherwise spend securing additional properties to manage. You’ll also need to find desk space and a computer for the individual to work at your site.
Working with us is a straightforward process. Begin by signing up and completing your company profile, providing information about your business and needs. Afterward, submit a work order for your virtual property accountant.
A member of the ShoreAgents team will contact you to clarify any details. We will then present candidates for you to interview, allowing you to choose the most suitable one for your company.
You won't have to worry about advertising or conducting background checks as we handle that for you. Additionally, we provide all the necessary equipment, including a desk, computer, webcam, and two monitors, for your virtual property accountant.
As long as you have good processes in place and the proper software, hiring a virtual property accountant has no downside.
But, of course, the decision to hire virtually is up to you. If you want all these advantages, contact us. ShoreAgents is an experienced real estate staffing solutions firm. We can help you develop the processes and acquire the software necessary for the success of your virtual property accountant.
Accountants are professionals and remain engaged when they can work with others in similar professions. ShoreAgents provides the opportunity for them to work with other property accountants. We also provide continuing education about the real estate industry. Because we understand real estate human resources issues, we know what’s required to retain employees.
If you hire offshore, the lower cost is a significant benefit. The salary for a property accountant in the Philippines is significantly lower than in other countries. As stated in the examples, in Australia, New Zealand, the United Kingdom, the United States, Canada, and Singapore. You'll receive equivalent professional accounting services from a virtual accountant in the Philippines as you would from a local accountant.
The ShoreAgents recruitment process ensures that those candidates we present to you are highly qualified accountants with knowledge of property management. ShoreAgents is the only BPO provider managed day-to-day by an experienced real estate agency owner. Real estate industry knowledge is engrained in our culture.
Hiring an employee locally requires a considerable amount of time you could otherwise spend securing additional properties to manage. You’ll also need to find desk space and a computer for the individual to work at your site.
Working with us is a straightforward process. Begin by signing up and completing your company profile, providing information about your business and needs. Afterward, submit a work order for your virtual property accountant.
A member of the ShoreAgents team will contact you to clarify any details. We will then present candidates for you to interview, allowing you to choose the most suitable one for your company.
You won't have to worry about advertising or conducting background checks as we handle that for you. Additionally, we provide all the necessary equipment, including a desk, computer, webcam, and two monitors, for your virtual property accountant.
As long as you have good processes in place and the proper software, hiring a virtual property accountant has no downside.
But, of course, the decision to hire virtually is up to you. If you want all these advantages, contact us. ShoreAgents is an experienced real estate staffing solutions firm. We can help you develop the processes and acquire the software necessary for the success of your virtual property accountant.
If you hire offshore, the lower cost is a significant benefit. The salary for a property accountant in the Philippines is significantly lower than in other countries. As stated in the examples, in Australia, New Zealand, the United Kingdom, the United States, Canada, and Singapore. You'll receive equivalent professional accounting services from a virtual accountant in the Philippines as you would from a local accountant.
The ShoreAgents recruitment process ensures that those candidates we present to you are highly qualified accountants with knowledge of property management. ShoreAgents is the only BPO provider managed day-to-day by an experienced real estate agency owner. Real estate industry knowledge is engrained in our culture.
Hiring an employee locally requires a considerable amount of time you could otherwise spend securing additional properties to manage. You’ll also need to find desk space and a computer for the individual to work at your site.
Working with us is a straightforward process. Begin by signing up and completing your company profile, providing information about your business and needs. Afterward, submit a work order for your virtual property accountant.
A member of the ShoreAgents team will contact you to clarify any details. We will then present candidates for you to interview, allowing you to choose the most suitable one for your company.
You won't have to worry about advertising or conducting background checks as we handle that for you. Additionally, we provide all the necessary equipment, including a desk, computer, webcam, and two monitors, for your virtual property accountant.
As long as you have good processes in place and the proper software, hiring a virtual property accountant has no downside.
But, of course, the decision to hire virtually is up to you. If you want all these advantages, contact us. ShoreAgents is an experienced real estate staffing solutions firm. We can help you develop the processes and acquire the software necessary for the success of your virtual property accountant.
Accountants are professionals and remain engaged when they can work with others in similar professions. ShoreAgents provides the opportunity for them to work with other property accountants. We also provide continuing education about the real estate industry. Because we understand real estate human resources issues, we know what’s required to retain employees.
If you hire offshore, the lower cost is a significant benefit. The salary for a property accountant in the Philippines is significantly lower than in other countries. As stated in the examples, in Australia, New Zealand, the United Kingdom, the United States, Canada, and Singapore. You'll receive equivalent professional accounting services from a virtual accountant in the Philippines as you would from a local accountant.
The ShoreAgents recruitment process ensures that those candidates we present to you are highly qualified accountants with knowledge of property management. ShoreAgents is the only BPO provider managed day-to-day by an experienced real estate agency owner. Real estate industry knowledge is engrained in our culture.
Hiring an employee locally requires a considerable amount of time you could otherwise spend securing additional properties to manage. You’ll also need to find desk space and a computer for the individual to work at your site.
Working with us is a straightforward process. Begin by signing up and completing your company profile, providing information about your business and needs. Afterward, submit a work order for your virtual property accountant.
A member of the ShoreAgents team will contact you to clarify any details. We will then present candidates for you to interview, allowing you to choose the most suitable one for your company.
You won't have to worry about advertising or conducting background checks as we handle that for you. Additionally, we provide all the necessary equipment, including a desk, computer, webcam, and two monitors, for your virtual property accountant.
As long as you have good processes in place and the proper software, hiring a virtual property accountant has no downside.
But, of course, the decision to hire virtually is up to you. If you want all these advantages, contact us. ShoreAgents is an experienced real estate staffing solutions firm. We can help you develop the processes and acquire the software necessary for the success of your virtual property accountant.
Accountants are professionals and remain engaged when they can work with others in similar professions. ShoreAgents provides the opportunity for them to work with other property accountants. We also provide continuing education about the real estate industry. Because we understand real estate human resources issues, we know what’s required to retain employees.
If you hire offshore, the lower cost is a significant benefit. The salary for a property accountant in the Philippines is significantly lower than in other countries. As stated in the examples, in Australia, New Zealand, the United Kingdom, the United States, Canada, and Singapore. You'll receive equivalent professional accounting services from a virtual accountant in the Philippines as you would from a local accountant.
The ShoreAgents recruitment process ensures that those candidates we present to you are highly qualified accountants with knowledge of property management. ShoreAgents is the only BPO provider managed day-to-day by an experienced real estate agency owner. Real estate industry knowledge is engrained in our culture.
Hiring an employee locally requires a considerable amount of time you could otherwise spend securing additional properties to manage. You’ll also need to find desk space and a computer for the individual to work at your site.
Working with us is a straightforward process. Begin by signing up and completing your company profile, providing information about your business and needs. Afterward, submit a work order for your virtual property accountant.
A member of the ShoreAgents team will contact you to clarify any details. We will then present candidates for you to interview, allowing you to choose the most suitable one for your company.
You won't have to worry about advertising or conducting background checks as we handle that for you. Additionally, we provide all the necessary equipment, including a desk, computer, webcam, and two monitors, for your virtual property accountant.
As long as you have good processes in place and the proper software, hiring a virtual property accountant has no downside.
But, of course, the decision to hire virtually is up to you. If you want all these advantages, contact us. ShoreAgents is an experienced real estate staffing solutions firm. We can help you develop the processes and acquire the software necessary for the success of your virtual property accountant.
Accountants are professionals and remain engaged when they can work with others in similar professions. ShoreAgents provides the opportunity for them to work with other property accountants. We also provide continuing education about the real estate industry. Because we understand real estate human resources issues, we know what’s required to retain employees.

What are the duties of a Property Accountant?

Man In A Meeting
While property accountant duties may differ across agencies, here are common tasks involved in rental property accounting:
  • Managing the trust account for rent, deposits, and bonds, and making necessary disbursements to landlords and maintenance staff.
  • Setting up and maintaining the chart of accounts in your software
  • Paying salaries and deducting property taxes and other costs as required
  • Preparing monthly financial reports & balance sheets and providing an analysis of operating expenses
  • Preparing budgets based on expected rental income and maintenance costs
  • Ensuring the accuracy of the tenant ledgers and the general ledger
  • Supervising accounting information and communicating with all internal and external customers about the information
  • Working with the property owner to ensure compliance with all loan and bond documents.
  • Producing tax reports
  • Supervising internal accounting controls and answering any questions or resolving disputes related to them
  • Managing cash flow issues
  • Overseeing accounts receivables and acting to collect any delinquencies
  • Managing the accounting for any fixed assets
  • Analyzing real estate markets and preparing reports that help owners determine whether to make an additional property purchase as requested
  • Forecasting performance through short and long-term financial projections
  • Oversee or assist with the annual company audit
Most property accountants have a college education. At a minimum, they have earned a bachelor’s degree in accounting. They may also have an MBA or some additional business studies beyond the accounting degree. They also know how to use most of the popular accounting and business software tools.
Personal characteristics of good property accountants include excellent organizational skills and the ability to communicate effectively with many different people. A good understanding of the real estate industry is also a necessary job requirement for a property accountant.

Property Accountant Role

Here is a list of the major property accountant duties. We’ve indicated which tasks can be done virtually (tick) and which require in-person work (cross). If a task has both virtual and in-person components, we’ve marked it with both a tick and a cross.
Managing the trust account check circle
Setting up the chart of accounts check circle
Managing receivables, including collections check circlecancel circle
Developing financial and tax reports check circle
Providing analysis to the owner about the potential of buying other properties check circle
Paying salaries and deducting taxes check circle
Providing financial forecasts check circle
Working with other leaders to develop budgets check circle
Working with property owners to ensure compliance check circle
As you can see, a virtual property accountant can definitely do the job virtually. A virtual property accountant can meet the needs of almost every real estate property management business. ShoreAgents can partner with you to find the perfect virtual property accountant at an attractive price.

Where to hire a Property Accountant?

Basically, the decision of where to hire a property accountant comes down to local vs. virtual using an offshore staffing firm. Hiring a local accountant requires:
  • Writing a job description based on your own resources
  • Posting it and advertising the job locally
  • Culling through applications, many of which will be irrelevant
  • Interviewing applications
  • Conducting background checks
  • Negotiating salary
  • Buying a computer and finding desk space
  • Hiring someone
Also, once you find an accountant, they may not have much experience with property management. You’ll have to provide training on that yourself.
As you can see, hiring locally requires a lot of time. Imagine the possibilities if you didn’t have to spend extensive time on accountant hiring. You could dedicate more time to communicating with building owners, exploring potential rental properties for sale, and growing your business.
Also, consider that a good accountant is typically in high demand. Don’t invest significant time in hiring an accountant only to have them leave for a better job shortly after. Avoid the hassle of finding and setting up a workspace for a new hire.
Hiring at ShoreAgents in the Philippines
Now, let’s consider using ShoreAgents, an offshore staffing solutions firm. ShoreAgents is experienced at filling property accountant jobs.
ShoreAgents can help with job description development, recruitment, and presenting suitable applicants for interviews.
We also fully equip the workspace with a computer, two monitors, a webcam, and headphones. And, we provide training in the real estate business.
Finally, ShoreAgents is located in the Philippines. Outsourcing to the Philippines is a smart option because of the following:
  • The lower labor costs mean you receive more value for your money.
  • The country offers a highly skilled workforce of more than 45 million people.
  • Filipinos speak fluent English and are eager to work with foreign companies.
  • Filipinos are hard workers and are willing to work at unusual hours to serve clients around the world.
  • Because of the country’s history, Filipinos share cultural similarities with European-influenced cultures. This includes the UK, Australia, New Zealand, the United States, and Canada.
  • BPO is a large portion of the country’s economy. Therefore, the country has a well-developed BPO infrastructure.

Takeaway

In conclusion, hiring a property accountant can bring significant benefits to a real estate business. A property accountant’s role is crucial in managing finances, maintaining accurate records, and offering valuable insights into the property’s financial health.
We can meet your hiring and retention needs whether you are looking for one employee or a whole team of employees.
We are ShoreAgents, your real estate offshore staffing experts. We provide highly skilled, trained staff to support the entire real estate industry and every niche within it.

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ShoreAgents is a BPO company that specializes in providing virtual staff to the real estate industry. They work remotely from our office but are fully dedicated to serving your business needs.

Business Center 26, Philexcel Business Park, Ma Roxas Highway, Clark Freeport, 2023

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ShoreAgents is a BPO company that specializes in providing virtual staff to the real estate industry. They work remotely from our office but are fully dedicated to serving your business needs.

Business Center 26, Philexcel Business Park, Ma Roxas Highway, Clark Freeport, 2023

Social Media

Facebook Twitter Linkedin Instagram Youtube Pinterest

Quick Links

About Us

Services

Glossary

ShoreAgents is a BPO company that specializes in providing virtual staff to the real estate industry. They work remotely from our office but are fully dedicated to serving your business needs.

Business Center 26, Philexcel Business Park, Ma Roxas Highway, Clark Freeport, 2023

Quick Links

Services

About Us

Glossary

Social Media

Facebook Twitter Linkedin Instagram Youtube Pinterest

© 2023 ShoreAgents Inc.

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27.67
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