That's dang good advise

Dang, that will be one deluxe unit!

. - one time expenses can be removed as long the correct documentation is provided so make sure to keep all your invoices and capital expenses not just for us but for your accountant as well so they can create your depreciation schedule during tax time- The 7 year Fridge if depreciated, can get added back, however sometimes new equipment can be expensed completely as bonus depreciation depending on the tax incentives during the year so check with your accountant on what the options are.

Most of the posts here are asking where to find contractors, vet them, or referrals, personally I think by giving these files to them but using them carefully will help you vet if they are flaky or not, companies or GCs that know how to fill these and can comply to this will be a bit pricey, but I am 90% sure that they are of medium caliber and will be reliable than your "2 guys with tools".Files Uploaded:CKCC Daily Sign In Sheet - MOST IMPORTANT DURING A FLIP CKCC Project Budget Sample CKCC TEMPLATE Payment Application Sample CKCC Invoice CKCC Conditional Waiver and Release on Final PaymentCKCC Conditional Waiver and Release on Progress Payment CKCC Unconditional Waiver and Release on Final Payment CKCC Unconditional Waiver and Release on Progress Payment CKCC Residential Improvement Contract - Rehab Contract CKCC Residential Time and Material Contract Notices After Contract Signing CKCC Certificate of Completion CKCC Quote Request Form CKCC Purchase Order FormGood luck and happy hunting!

also the work order invoices can be looked up (very annoyingly) on their "Web Portal" and after i have done all that, the description is "repairs." no other information can be found about the work order.

I do apply payments to outstanding invoices before I apply it to rent.

He should send you an invoice every month showing the time he has put into it as he draws the retainer down. 

When we pay a sub we assign the invoice to an address. etc.with quickbooks, we get a p&L for each address worked on. we also get a p&L for each rental property. by using QB we track everything by category and by property.if you are asking now it is probably too late. if you don't have an accounting system already set up, why do you need one now. just keep track of whatever you can and keep moving forward.

As a result of my growth I got started with quickbooks as I wanted to track everything correctly and use their invoicing feature to bill my tenants and receive rent electronically.

[Calculate the cost for repair and invoice the tenants for this.