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Updated about 3 years ago on . Most recent reply

Brian Bault's profile image
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Brian Bault
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  • Member since Oct 13, 2017
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Brian Bault
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  • Member since Oct 13, 2017
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Brian Bault
  • Investor
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General Real Estate Investing

Cross Property expenses

Brian Bault
  • Investor
Posted

Greetings!

I am in the midst of purchasing my second rental.  (Yay!)  What is the best way to account for expenses that cross between properties.  Accounting software, property management fees that are not property specific, vehicles (not there yet but... one day), computer, and office supplies.  Thanks for any advice!

Brian

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Malcomb Stapel
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  • from Topeka, KS
  • Member since Jul 16, 2020
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Malcomb Stapel
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  • from Topeka, KS
  • Member since Jul 16, 2020
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Malcomb Stapel
  • Investor
  • Topeka, KS
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Malcomb Stapel
  • Investor
  • Topeka, KS
Replied
Quote from @Brian Bault:

Greetings!

I am in the midst of purchasing my second rental.  (Yay!)  What is the best way to account for expenses that cross between properties.  Accounting software, property management fees that are not property specific, vehicles (not there yet but... one day), computer, and office supplies.  Thanks for any advice!

Brian

Something simple, and free, would be Google Sheets. Especially if you are using multiple platforms/ people, to track expenses. 
  • Malcomb Stapel
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