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Tax, SDIRAs & Cost Segregation

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Westin Hudnall
  • Investor and Real Estate Agent
  • Maize, KS
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270
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Best Practices To Organize And Track Spending By Property :

Westin Hudnall
  • Investor and Real Estate Agent
  • Maize, KS
Posted Jul 31 2014, 19:04

I own 8 properties with a partner and were looking for guidance:

We want to find an easy way to track our spending so when tax time comes around we will know exactly what we spent rehabbing each buy and hold rental property that year. Is there a product we could easily use that each time we charged money on our business credit card it would be tracked to a certain property. Each month we use our card for several things (landscaping at one property; fixing a leak at another; new water heater at a third etc etc. All the costs add up quick and it gets complicated without a system. 

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