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Rental Property Accounting - two tips you cannot do without
You must have two distinctly separate checking accounts (complete with debit cards and check books) for two rental properties. I make sure all income and expense items flow through the respective checking accounts. At year-end when it's tim... Read more
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Rental property bookkeeping and why you need it.
Don’t fall prey to the trap! Here are five big reasons bookkeeping is essential to any rental property operation, and why a purpose-built, automated bookkeeping system beats Excel any day. Read more
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Property Management Accounting with Quickbooks
QuickBooks is often at the top of any professional’s mind when they think about accounting software for their business. Read more
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Deductible Rental Schedule e Expenses
If you receive rental income from the rental of a dwelling unit, there are certain rental expenses you may deduct on your tax return. These expenses may include mortgage interest, property tax, operating expenses, depreciation, and repairs. Read more
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Eviction Moratorium - What can a landlord do
Landlords are getting squeezed between tenants and lenders. Small landlords are getting squeezed now that many tenants can't make rent, and that leaves them few options. Read more
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