Just to clarify-Are you simplifying the amount to $19k for this explanation (But gave him an exact figure)....or did you put $19k on your line item to him but the receipts totaled $18,308 when he added them? 

Make sure you send it registered mail and have them confirm receipt....or do an inspection (with proper notice) and drop it off then-bring two copies and get them to sign the one you keep.Hey Theresea,My mentor gave me the amount of time to give the tenant.

My question is: Can I use form 1065 to cover all the costs like property tax, mortgage 1098 whose receipt are for individuals?

When I asked they pointed me to the PMA that states they charge on "all gross receipts" and then said: "Our interpretation is coming from the IRS.

Hello, I am working on my proforma and was wondering:  If a family or friend buys something for your property and you have the receipt do you count that towards your expenses for bookkeeping purposes? 

It's not the cost of the big ticket items that kills your budget, it's the loooong list of small tasks and receipts!

Consider Temporary Repairs (If Possible)Why: A prolonged lack of a shower may violate “warranty of habitability” laws in your state, which could lead to tenant lawsuits or lease breaks.How:Ask your plumber if a temporary fix (like sealing pipes or installing a portable shower) is possible while waiting on insurance.Keep thorough documentation and save receipts.

All receipts can be documented as well over the '22-'23 year. 

A few other comments;For Philly: It's best practice to include the required documents in the final lease packet and have the tenant sign or initial all to prove receipt.

We've struggled with Quickbooks for the last several years (and before that I literally had a shoe box with receipts in it).