This enables you to track the profitability and cost of running each building, which can be helpful for your own analysis, or if you decide to sell individual buildings in the future Configuring QuickBooks For A Real Estate Rental Property Business Tracking profitability by building – In addition to tracking income on a building-by-building basis, you may also want to track expenses by building. Also, you may want to group tenants by the building or sections of buildings that they live in. You won’t usually invoice tenants individually for their rent payment each month. Income from tenants – Tracking income is important in any business, but in a real estate investment business with rental properties, this usually should be done in a specific way. There are a few specific needs that a real estate investment rental property business will have. Real Estate Investment Rental Property Bookkeeping Needs
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