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Updated about 6 years ago on . Most recent reply

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James Barnhart
  • Rental Property Investor
  • Ocala, FL
140
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226
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How do you manage receipts for rentals and miles? (only 3 homes)

James Barnhart
  • Rental Property Investor
  • Ocala, FL
Posted

We are selling some properties, but will keep 3 nearby rental homes.  I am wondering how you manage the rental expense receipts and keep track of business mileage.

I record the expenses and income on a spread sheet I make for each for each property each year,and I list the various expense catagories.  But, do you use some app or software to store pictures of the receipts, or just keep the papers, or what?  And, do you some software or app to keep track of business mileage?

Since we only have 3 rentals now that we are retired, I don't want software designed for 100+ rentals.  

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Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
4,491
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3,740
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Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
ModeratorReplied

Mile IQ for mileage 

Receipt Bank for keeping track of receipts 

QBO for actual accounting 

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Kolodij Tax & Consulting

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