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Updated about 2 years ago,
Allocation of income and expenses to properties in same LLC
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.