Property Management Trust Accounting

Trust accounting for AppFolio property managers — done right, at half the cost of a hire.

Daily reconciliations, owner statements, and month-end close — run directly by the person doing the work, not an account manager fronting an offshore team.

STATEMENT OF TRUST ACCOUNT
$482,110.55
Reconciled through 07/19/26
Owner draws processed212
Reconciliation variance$0.00
The Problem

Sound familiar?

01
Reconciliations slip.

A few days becomes a few weeks. Discrepancies compound until it's a month-end scramble.

02
Owner statements go out late.

Owners start asking questions. Trust is hard to earn back once late statements erode it.

03
You're doing the books at 11pm.

Between leasing and maintenance calls, trust accounting gets pushed to whenever there's time — which is never enough.

What Vault Does

Three services. One person who knows your books.

AppFolio
Trust Accounting
  • Daily bank reconciliation
  • Owner draws & statements
  • Trust ledger review
  • Month-end close
  • 1099 prep
QuickBooks Online
Corporate Accounting
  • Bookkeeping & categorization
  • Accounts payable / receivable
  • Monthly financial statements
Gusto
Payroll
  • Payroll processing
  • Payroll tax filings
  • Employee onboarding support
How It Works

From first call to ongoing service.

01
Discovery call

20 minutes to understand your portfolio, systems, and current pain points.

02
Books review

Rodrigo audits your trust ledger and current process before anything changes.

03
Onboarding

Access set up in AppFolio, QBO, and Gusto. Your live request portal goes live.

04
Ongoing service

Daily reconciliation, monthly statements, and close — on a fixed monthly rate.

Why Vault

Built for how trust accounting actually gets done.

You talk to the person doing the work.

No account manager fronting an offshore team. Every reconciliation runs through the same person, every time.

Pricing you can see before you ask.

$12/door, $2,000 minimum, published below. No "contact us for a quote."

A live portal, not an inbox.

Every request tracked in a shared portal, so nothing gets lost in an email thread.

About the person doing your books

Rodrigo Alvarez has 6+ years in accounting — including 4+ years focused specifically on property management trust accounting and 2+ years in tax accounting. He currently leads a team running PMTA for multiple property management companies on AppFolio.

What Vault Doesn't Do

Vault stays in its lane, so you know exactly what you're getting.

— Tax filing beyond 1099 prep and CA FTB (referred to your CPA — Rodrigo is not a CPA)
— Legal, lease, and eviction matters
— Day-to-day property management operations
— AppFolio setup or technical support
Pricing

Simple, published pricing.

$12 / door / mo
Covers PMTA, corporate accounting, and payroll
$2,000 / mo
Monthly minimum
Net 15
Billed monthly, in advance

Ready to hand off the books?

Book a 20-minute call, or send a note directly.