Personal Finance
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
How detailed should my books be?
I use Stessa and was wondering how detailed I should be when it comes down to filling my receipts.
I only own one duplex and I have been recording things as simply as possibly. Should I be breaking down costs in Stessa?
For example.
Should I split up my mortgage payment into each of its parts principle, interest, taxes, etc. or since it is one bill leave it as such?
When I buy a maintenance item that will be used for both units at one trip to Lowes should that be divided down?
When I refinanced my mortgage should I have split up all of the closing costs into different categories?