Proper

Proper is an outsourced property accounting service for property management companies and owners. It describes itself as an accounting team rather than software, with accountants working inside the client's existing property management system.

Engagements are billed per unit or per square foot on a month-to-month basis, with flexible contracts and no onboarding fees, and a dedicated onboarding team handles the transition. Supported systems listed on its intake form include AppFolio, Buildium, Entrata, MRI, NetSuite, Propertyware, QuickBooks Desktop and Online, RealPage, Rent Manager, ResMan, Yardi Breeze, and Yardi Voyager. The firm says its own AI-assisted tooling improves precision and timeliness of the work.

Proper says it is powered by a team of 200+ accountants, described as former Fortune 500, Big 4, or accountants from other large accounting organisations, supported by property management accounting specialists. Asset classes it handles include single family, multifamily, HOAs, commercial (healthcare, industrial, office, retail, storage), co-ops, mobile home, short-term rentals, and student housing. It positions the service for managers of 250 to 50k+ doors or large commercial square footage. TechCrunch reported a $9M Series A for the company in August 2021, and its listed address is in San Francisco.

The site quotes cost savings in two different places — up to 30% on the home page and up to 50% further down — without publishing a rate card. Ask for the per-unit or per-square-foot rate for your portfolio and exactly which accounting tasks are in scope before comparing.