Archive for the 'accounting/income-expenses' Category
Landlording Income & Expenses: track them like you run a business!!
Yazan: landlord | 01 February 2010 | No Comments
Categories: accounting/income-expenses
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Rental Properties: Should I use an accountant or tax preparation software?
Yazan: landlord | 11 March 2009 | 3 Comments
Categories: accounting/income-expenses
One question that I have repeatedly gotten is if accountants are worth it or should a landlord just do it on his own, when it comes to income tax preparation.
Now, this has nothing to do with QuickBooks. Quickbooks is an excellent example of accounting software to help you track your income and expenses, invoices, bills [...]
Better ways to track your property income and expenses
Yazan: landlord | 10 March 2009 | No Comments
Categories: accounting/income-expenses
The first year I purchased a rental property, I think the “shoe box” method was what I had used most of that year to track the property’s income and expenses. Basically, I saved all of the receipts and rent envelopes that I received in a shoe box (actually I think it was an expand-a-file). At [...]
Rental Property Income & Expense Tracking
Yazan: landlord | 06 July 2005 | No Comments
Categories: accounting/income-expenses
Invariably, one common question that new landlords almost always ask is, “What is the best way to track my rentals’ income and expenses?”
Basically, there are three ways to routinely track rental property income and expenses:1. The “shoebox method”2. Use a spreadsheet3. Use a database
The Shoebox MethodNow, the “shoebox method” is the one where you simply [...]
