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Updated over 7 years ago,
Best way to keep track of expenses/income with rentals
Hey all,
So, I am hopefully closing on my first rental property at the end of this month. Happens to be my own office (commercial condo in a Medical building), so I've got a pain in the *** tenant :)
Anyway, I created an LLC to pay rent to myself with and want to start off on the right foot with my record keeping. Since my student loans are tied to my income, I'm getting hit on both sides so having as many legal expenses/deductions as possible is very important.
Thanks for any insight!
- Chris