Tax benefits of separating rental income from pet rent?

[Judy Murphy]

Hello everyone. 

I have 3 rentals, one in Anchorage Alaska, and two out of state.  With all three, I have Pet Rent. 

My property manager in Anchorage separates the pet rent from the general rental income on every statement and year end statement.  Personally, I like to see this separation.  It quickly shows what the property is renting for, and additional income from pets.  I think this may be beneficial as I acquire more properties.

Conversely, with my out of state properties, the property manager does not separate the income, but lumps it together in Rental Income.  I can see where this may get potentially misleading in the years ahead...ie..".it rented for $1350 last year, why is it not renting for this amount now???  Oh yea, they had pets...."

What are your thoughts on this?  Should I just get more organized with my properties, or let the property managers run with it?

Thanks in advance for any ideas!

Judy Murphy

Kenny Lake, Alaska