How Do You Keep Track Of Income?

[Devante Boll]

Hello BP,

What is your recommended way of keeping track of rental income? At the moment, my tenants in my first SFR pay by checks. Am I to keep all of the checks as proof of rental income for a duration of time?

I ask because when I approach a bank and want to show this proof of income I want to present it in the best way possible and I feel as though walking in with a manilla folder full of checks isn't very appealing.

Thank you in advance for the insight.

[Mark Fries]

@Devante Boll I just use a composition notebook that I buy at Dollar Tree and whenever I receive the cash rent I put a check mark next to the address, then I take all the cash and throw it in an old Amazon box and once the box gets full of cash I take a photo of it.... Then I find another empty box and I repeat the process for the next month...