River Edge Advisors provides accounting and fractional CFO services for real estate investors, syndicators and sponsors nationwide: separate books for every property LLC and SPV, monthly closes, investor capital accounts and distribution tracking, lender and investor reporting, and year-end books ready for your tax preparer, from a CPA-led team of 75+. River Edge manages accounting and back office for 40,000+ real estate units.
Investors who have outgrown one set of books
- Individual and family investors holding several rentals or commercial properties, each in its own LLC.
- Syndicators and sponsors raising from investors through SPVs and owing them statements, distributions and annual tax information.
- Owner-operators and developers who need project and property-level reporting for lenders and partners.
- Family offices that want a consolidated view across entities without managing a bookkeeper for each one.
If you manage properties for other owners, see our property management accounting page instead.
What River Edge does for real estate investors
Entity-level books for every LLC and SPV
Each property or deal kept on its own books, with intercompany activity, management fees and loans between entities recorded on both sides.
Monthly close and property reporting
Rent roll to general ledger tie-out, operating statements by property, and a consolidated portfolio view.
Investor capital and distributions
Contributions, distributions, preferred return and capital accounts tracked by investor, with statements prepared on a regular schedule.
Lender and refinance packages
Operating statements, debt service coverage and supporting schedules prepared for lenders, on time and in the same format each period.
Year-end readiness
Reconciled books, fixed-asset and improvement detail, and schedules organized for your tax preparer. River Edge prepares the books; tax returns and K-1s stay with your tax preparer.
Fractional CFO
Cash planning across the portfolio, deal and hold analysis, budgets by property, and a senior partner for lender and investor conversations.
The numbers a real estate investor should see every month
- Net operating income by property. Rent and other income minus operating expenses, before debt service.
- Debt service coverage ratio. NOI divided by loan payments; lenders watch it, and covenants often depend on it.
- Cash flow after debt service and reserves. What each property actually returns once loans and capital reserves are paid.
- Occupancy and delinquency. Units leased and rent collected versus billed.
- Capital account balances. What each investor has contributed, received and is owed.
- Capital expenditures versus budget. Improvements tracked by property so they are recorded and depreciated correctly.
More than a bookkeeper per LLC
Investors with many entities usually compare four ways to keep them in order. River Edge manages accounting and back office for 40,000+ real estate units.
| River Edge fractional CFO team | Solo fractional CFO | Bookkeeping-only service | Full-time CFO hire | |
|---|---|---|---|---|
| Who does the work | A CPA-led team: CFO, controller and accounting staff | One senior person | Bookkeepers, often working from software rules | One executive, who still needs a team under them |
| Monthly close and reconciliations | Done by the team, on a fixed date | Usually left to your bookkeeper | Yes, transaction-level | Managed by the CFO, done by staff you hire |
| Forecasting, board and lender reporting | Included, built on books the same team closed | Yes | Limited or none | Yes |
| AP, AR and payroll management | Available in the same engagement | No | Sometimes | Needs more hires |
| Coverage when someone is out | A team of 75+ behind your account | Depends on one person | Varies | Depends on one person |
| Industry depth | Healthcare, real estate, MCA and alternative lending, logistics, tech | Varies by individual | Generalist | Varies by hire |
| Commitment | A monthly engagement sized to the work | Part-time contract | Monthly subscription | Salary, benefits and a search |
A comparison by model, not by firm: every option has its place. The River Edge model fits companies that want senior finance judgment and the people who do the daily work, in one engagement, without building a department.
What this looks like in practice
SPV accounting and reporting, without an internal finance team
A client needed accounting and reporting for an SPV. We handled the accounting and reporting for the SPV, and the client did not need to hire an internal finance team.
Read the case study →A twelve-entity close, cut from six weeks to ten days
A healthcare group with twelve entities needed six weeks to close the books after each month-end. We handled the accounting and reporting across all twelve entities, and the close went from six weeks to ten days.
Read the case study →Syndications run on SPVs, and multi-entity closes are the same discipline whatever the industry: every entity reconciled and final on schedule. See all our case studies.
Three steps, no rebuild required
- Free review of last month's books. Send us last month's books for one or more entities. We show you what doesn't tie, where intercompany activity is missing, and what a lender or investor would ask about.
- Cleanup and setup. If the history needs work, we catch up and correct it, set up the chart of accounts and reporting around how your business actually runs, and fix the close calendar.
- Monthly rhythm. Books closed on a fixed date, a reporting package you can act on, and fractional CFO time for planning, lenders, investors and the board as you need it.
Questions owners ask
Does every rental property LLC need its own books?
Yes, if each property is held in its own LLC. Separate books keep liability protection meaningful, make lender and investor reporting possible, and give your tax preparer clean entity-level numbers. We keep each entity on its own books and produce a consolidated view.
Can you handle accounting for real estate syndications and SPVs?
Yes. We keep the SPV's books, track investor contributions, distributions and capital accounts, and prepare investor statements and the year-end detail your tax preparer needs.
Do you prepare K-1s or tax returns?
No. River Edge prepares reconciled, year-end-ready books and schedules and works with your tax preparer, who prepares the returns and K-1s.
Can you prepare reporting for our lender?
Yes. We prepare operating statements, debt service coverage calculations and supporting schedules for lenders on a regular schedule.
Do you work with investors outside New York?
Yes. River Edge Advisors is based in Cedarhurst, New York, and works with real estate investors and sponsors nationwide.
How do we get started?
Request a free review of last month's books. We will walk you through what stands out and what we would fix first, with no obligation.
See your portfolio clearly, entity by entity
Send us last month's books. We'll walk you through what doesn't tie, what a lender or investor would question, and what we'd fix first.
- → Tell us about your business and the questions you want to answer.
- → We discuss what we see: where cash is going, what doesn't tie, what we'd fix first.
- → A follow-up conversation to walk through it. No obligation either way.