Rental Property Balance Sheets

[Ben Kevan]

For the single and multi SFR owners,

How do you handle your cash flow? Do you do per property, then overall? Do you use a program (ie quicken?), or stick to the simplest of simples and use excel?

Does anyone have an example of your current balance sheet? How granular do you get with "repairs"? Do you sub divide it out for upgrade / repairs / upkeep etc, or have it all under a generic repairs?

Trying to get a nice template down prior to purchasing first property, so I can have a better game plan on what to offer, and better tracking of profits for taxes :o)