Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

57
Posts
8
Votes
Richard Arden
  • New London CT
8
Votes |
57
Posts

How detailed should my books be?

Richard Arden
  • New London CT
Posted

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?

Loading replies...