Real Estate Professional- Time Tracking

[Katie Jewell]

Hi all, I'm doing real estate investing as my primary/only source of income these days. I am a stay at home mom, so it's clearly not my only job, but the only one that pays me. :) 

I have the ihour app that has been very useful for me to catch the hours as I go in real time vs. having to recall each moment at the end of a day or week. But, my question is, how detailed does the description have to be. Do I have to also write down each task in the moment, or can I go back over a week or even a month and flesh out the details in broader strokes? Can I say for example, "rented out x unit this month", or do I need to go over each day and list all of the times I answered messages, fielded calls, accepted tenants, did the lease, etc?

Thanks!

[Teri Husak]

@Katie Jewell

I record on these activities daily. I created a google form that is a checklist and the responses can be transferred to google sheets - I can see running total of hours being tracked.

Activity Description

Tenant recruitment

Tenant screening

Negotiating and executing leases

Overseeing repairs and maintenance

Communications with tenants and vendors

Travel time

Research for potential rental real estate (pub 925)

Acquiring rental real estate (pub 925)

Paperwork/bookkeeping/banking

Research and purchase of materials

Rent collection

Eviction

On-site cleaning

Bill payment

Other:

Time Spent

Date