reconciliation definition real estate

Reconciliation in Real Estate refers to the process of matching and verifying financial records, transactions, or accounts related to property management, sales, or investments. This includes comparing income from rental properties, property expenses, and mortgage payments to ensure accuracy and consistency. In real estate, reconciliation helps identify discrepancies in financial statements, maintain accurate accounting records, and ensure compliance with tax laws and regulations. Regular reconciliation is essential for property managers, investors, and real estate businesses to maintain transparency, improve cash flow management, and make informed financial decisions for long-term success.