Having an insurance policy for your rental property helps offset the costs to repair damage from accidents, vandalism, or natural disasters. But once the insurance company has processed your claim, how do you account for the insurance payment?
Double-entry accounting may sound more difficult at first- but it is the standard for a reason! Read on to learn more about how double-entry accounting can minimize errors, eliminate the need for duplicate transactions, and increase the chances that your rental property books balance!
We’ve compiled a glossary of the most common accounting terms associated with rental properties – check it out now!
Learn more about proper accounting for start-up costs for your rental property business.
Are the repairs at your rental property an Expense or a Fixed Asset?
How to translate the line items from your closing statement into a proper journal recording the purchase of your property
Can you claim mileage for your local travel related to your rental property business?
Answers to the most common questions on the do’s and don’ts of accounting for security deposits
Wondering if you should create an LLC to hold your rentals in? Read on to see what you can gain and what you need to consider.
If you are asking yourself whether or not you need accounting software for your rental property portfolio, the answer is probably yes!
No credit card required.
© 2024 REI Hub, Inc.
Proudly made in RVA
Email: [email protected]
Phone: (888)939-6865