Allocation of income and expenses to properties in same LLC

[Zaid Badabwan]

Hello

I am starting to use Stessa software for my multifamily LLC instead of excel sheets I am using now. I used to have an excel sheet for each property, but I am not sure now if I have to allocate every expense and income to their property, or do I treat all properties as one body since they are in one LLC. this will be easier, but I do not want to be surprised at the end that I should have allocated income and expenses to each property.

[Ashish Acharya]

No, you dont treat all the properties as one.