I currently own/manage a dozen doors. For the last couple years I feel that I have been overly diligent in uploading invoices, receipts, etc. I go as far as logging into the utility provider, downloading the monthly bill and attaching it to the transaction in Stessa for each and every charge. I am wondering if it is a waste of my time and I should wait to deal with that if I get audited. Does anyone else do this?
Rental Property Investor · Sylva, NC · Member since 2019 · 37 posts · 26 votes
9mo
I used to do this as well. Most of my utility providers have a summary or transaction history page. Now I just download this at the end of the year for each property file. I do not use Stessa currently, so I'm not sure if this would work for that system.