Keeping Track of Income and Expenses

[Nick Talarico]

I am a new investor and am wondering what is the best way to keep track of all income and expenses and how do you go about keeping yourself organized? Also what do you need when it comes time to file your taxes? Do you need proof of your rental income for the last year, receipts for write offs? How do you prepare throughout the year so when it is time to do your taxes, it is not a scramble to get everything together. Interested to see how everyone does this.

Thank you