Property Manager 路 Cyprus 路 Member since 2026 路 12 posts 路 4 votes
I run around 50 short-term rentals in Cyprus (European island)and I also offer finance support for other STR operators, mainly around owner statements, income and expenses, reconciliation, bank transactions, receipts etc.
I鈥檓 currently looking more into the US market and would like to understand if the finance workflow there is very different from what I am used to.
For those of you working with STR managers in the US, is there anything specific you would expect to be handled differently before everything goes to the accountant/bookkeeper?
Just trying to get a better feel for how this normally works in the US and if there are any important differences I should be aware of.
Accountant 路 Long Island, NY 路 Member since 2021 路 184 posts 路 148 votes
1w
Quote from @Eduard Friesen:
I run around 50 short-term rentals in Cyprus (European island)and I also offer finance support for other STR operators, mainly around owner statements, income and expenses, reconciliation, bank transactions, receipts etc.
I鈥檓 currently looking more into the US market and would like to understand if the finance workflow there is very different from what I am used to.
For those of you working with STR managers in the US, is there anything specific you would expect to be handled differently before everything goes to the accountant/bookkeeper?
Just trying to get a better feel for how this normally works in the US and if there are any important differences I should be aware of.
Would be great to hear how you guys handle it.
Hi Eduard,
Not much different. If a client pays a PM company, the only things that likely won't be captured on their owner statement/PM statement are items NOT handled by the PM company. Think mortgage interest, ptax, utilities.
However, if you are being paid for full-service bookkeeping, I'd hope the bookkeeper catches everything. It seems like you are running a PM company but also offering full-service bookkeeping.