You are completing the purchase of investment property and soon you will be ready to offer this investment to an eager renter. But what do you do next? What type of records should you keep? How should you track income and expenses?

We have experience in rental property bookkeeping. We can set you up so you can be ready at tax time to prepare your 1040 Schedule E for rental property. If you want, we can do the following bookkeeping tasks for you.

• Record monthly deposits and fees
• Record maintenance and service expenses
• Record mortgage expenses
• Assemble financial reports for taxes

Good property management and well prepared record keeping can make rental property a positive and profitable experience.