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For Property Managers

Every property, one dashboard

Stop paying per property. Manage every rental property from a single login with separate books, consolidated reporting, and entity-level access control.

Short answer

EmLedger is accounting software for property managers and real-estate investors who keep separate books per property. Each property is its own entity with an independent chart of accounts, bank connections, and P&L — supporting LLC liability separation and clean tax preparation. A portfolio dashboard rolls every property up into a consolidated view. Reconcile multiple bank accounts across properties from one login, track security deposits as per-property liabilities, and grant property-level access to managers without exposing the rest of the portfolio.

app.emledger.com/properties
EmLedger property portfolio dashboard
The Problem

Your Properties Deserve Better Accounting

One Subscription Per Property

With QuickBooks or Xero, each property LLC needs its own subscription. 10 properties = 10 subscriptions = $900/month.

No Portfolio View

Want to see total rental income across all properties? Export each property to Excel and combine manually. Every. Single. Month.

Tax Season Nightmare

Filing taxes means gathering reports from every separate account. One missing property and your Schedule E is wrong.

Growth Means More Cost

Every new property acquisition adds another $90/month. Your accounting costs scale linearly with your portfolio.

The Solution

Built for Property Portfolios

Entity Per Property

Each property gets its own set of books with separate bank accounts, P&L, and balance sheet. Liability protection maintained.

Portfolio Reporting

See total rental income, expenses, and NOI across all properties in one consolidated report. Compare property performance side by side.

Property-Level Access

Give property managers access to only their building. Your CPA sees everything. Permissions that make sense for real estate.

Example: 10 Rental Properties

Xero Cost

$10,800/yr

EmLedger Cost

$1,290/yr

(Growth plan)

You Save

$9,252/yr

(86% savings)

View full pricing details →

Features

Everything Property Managers Need

Unlimited Properties

Add new properties without adding subscription costs

Rental Income Tracking

Track rent payments per property with automatic reconciliation

Expense Management

Categorize maintenance, repairs, insurance, and utilities per property

Consolidated P&L

See total portfolio performance in one report

Property Comparison

Compare NOI, expenses, and vacancy rates across properties

Security Deposit Tracking

Maintain deposit liabilities per property entity

Fixed Asset Depreciation

Track property depreciation automatically per entity

Tax-Ready Reports

Generate reports aligned with Schedule E requirements

1099 Tracking

Track contractor payments for maintenance and repairs

Explore all 140+ features →

Resources

Property Management Guides

Practical guides for managing rental property accounting and financial reporting.

How-To Guide

How to Set Up Separate Books Per Rental Property

Step-by-step guide to setting up separate accounting books for each rental property. Protect liability, simplify tax reporting, and track per-property P&L.

Apr 8, 2026 7 min read
FAQ

Property Management Questions

Why should each property be a separate entity?
Separating each property into its own entity provides liability protection, cleaner financial reporting, and easier tax preparation. Each property has its own P&L, Balance Sheet, and bank accounts. This is especially important for LLCs where legal separation requires financial separation.
Can I see total income across all my properties?
Yes. EmLedger generates consolidated P&L and Cash Flow statements across all your property entities. See total rental income, total expenses, and net income for your entire portfolio in one report while maintaining separate books per property.
How do I track rental income per property?
Each property entity has its own revenue accounts. Record rent payments to the specific property entity. EmLedger shows income per property in individual reports and total income in consolidated reports.
Can property managers or tenants access only their property?
Yes. EmLedger has entity-level permissions. Assign a property manager to only their building. They see that property's books and nothing else. You maintain full visibility across all properties.
How does EmLedger handle security deposits?
Track security deposits as liabilities on each property entity's balance sheet. When a tenant moves out, record the deposit return or forfeiture as a transaction. Each property maintains its own deposit tracking.
Can I track maintenance and repair costs per property?
Yes. Each property entity has its own expense accounts for maintenance, repairs, insurance, property tax, and utilities. Run expense reports per property or consolidated across your portfolio to see total maintenance costs.
What are the best tools for bank reconciliation across multiple rental properties?
The best bank reconciliation tool for multiple rental properties supports unlimited bank accounts per property entity, automated bank feeds, and a consolidated reconciliation status view across the portfolio — all from a single login. EmLedger does this; QuickBooks Online and Xero require a separate subscription per property with a separate login per reconciliation session. For 10 properties, EmLedger costs roughly $1,290/year flat vs $10,800/year for 10 Xero Established subscriptions.
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