And believing that a 6 month old thread on here is somehow "most tax professionals agree," is lame.As for not needing a receipt- again, the discussion has shifted from no receipt is needed for under $75, to well, I guess travel expenses, to well, no - you better have records- i.e. credit card bills, cancelled checks, etc.Had I not taken you to task then a reader of this thread would have been left with the false impression that he could just jot down every expenditure on an index card.

You cannot deny the family because of the lead paint either, that's considered discrimination (you're refusing them because they have a kid, even if you're just trying to protect that kid) and is against the anti-discrimination laws of the state.

You cannot deny the family because of the lead paint either, that's considered discrimination (you're refusing them because they have a kid) and is against the anti-discrimination laws of the state.

But I want to understand more about accounting and the processes that go into it (instead of just performing the tasks I know need to be done), how to leverage taxes and just general specifics about accounting. 

We have an Asset manager who is dedicated to those tasks.

This allows you to adjust your tasks if they seem lopsided.

That's not fair to ask the tenant for anything there and I'd bet most if not all judges would agree, even the most pro business, anti tenant ones out there!

Due diligence is one the most complex task in the acquisition of a multifamily, especially when dealing with a large scale building or any type of building located in a hard to analyze submarket.Property Managers (PMs) are real estate professionals specialized in managing properties on behalf of the owner.

You cannot deny the family because of the lead paint either, that's considered discrimination (you're refusing them because they have a kid) and is against the anti-discrimination laws of the state.

It's not hard to figure out and do yourself, but if you'd like to leave the task to someone else, by all means locate a competent and honest pest management company.