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Updated over 5 years ago,
Accounting and Project Tracking?
Hello All,
How do you keep track of expenses for each of your properties? I'm paying utilites for some units, other unit's utilities are paid by tenants. Some units I need to pay trash, others are in communities with free trash pick up. Some units have the tenants covering maintenance and landscaping, and I'm hiring a crew to care for other properties. Also- several units are at different stages in their rehab or have fixes that need to be completed.
How do you keep everything straight?? I am worried that a bill will fall through the cracks and one of my units will have their water turned off or a faulty floorboard will go unfixed for months or something similar.
What systems do you use to track expenses and "status" of each unit?
Thank you!
- Victor Steffen
- Podcast Guest on Show #790