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General Landlording & Rental Properties
HomeForumsGeneral Landlording & Rental PropertiesBOUGHT MY FIRST RENTAL!!!!!! Now Bookkeeping???!!!???
Cristobal G.'s profile image
Cristobal G.'s profile image
Cristobal G.
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  • from Kalamazoo, Michigan
  • Member since Nov 22, 2017
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Cristobal G.'s profile image
Cristobal G.'s profile image
Cristobal G.
Pro Member
  • from Kalamazoo, Michigan
  • Member since Nov 22, 2017
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Cristobal G.
Pro Member
  • Kalamazoo, MI
11
Votes |
25
Posts
General Landlording & Rental Properties

BOUGHT MY FIRST RENTAL!!!!!! Now Bookkeeping???!!!???

Cristobal G.
Pro Member
  • Kalamazoo, MI
Posted May 26 2018, 16:48

So I bought my first rental in Kalamazoo, MI. It's a SFR which I will be living in one room and subleasing the rest of the rooms. Tenants/roommates will be paying my mortgage and I will still have an extra $200 left over for other expenses. My main question is how to do the bookkeeping for this property? I am very confused about tracking expenses and organizing it all since I can't completely separate my personal expenses from the rental expenses. Any help will be greatly appreciated. Thanks!!!!

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