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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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A Landlords View of Rental Income
Under accrual accounting it is the rent earned during the period indicated in the heading of the income statement, regardless of when the money is received from the tenant. Read more
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