All Forum Posts by: Bryan Soto Annable

Hi Bryan,

I don't have a specific answer for you since I don't use that software, but I figured I'd throw some advice at you since it's been 19 days and you don't have any other answers! My recommendation would be to (1) contact apartments.com and ask them, or (2) just keep this info separate on a spreadsheet for when you do your taxes. Not sure how quickly you are looking to scale, but I am at 12 properties and still keep my expenses in a spreadsheet because it's really easy to do and the management software options that compile expenses are too costly to be worthwhile in my opinion. 
Hope that helps at least a little!

I use quicken and it lets you break down your mortgage payment as principle, interest, and as many “other expenses: as you need. PMi, insurance, property taxes, etc etc. 

That will give you a number to look at and compare your progress. But at year’s end your bank will give you an actual insurance, taxes, PMi, paid. Use those for your taxes. You can adjust any differences in to an asset called escrow account. I don’t know how much of this apartments.com supports. But quicken is only $50/year with the ability to auto download bank and credit card transactions and divide them among the properties they apply to. 

@Bryan Soto Annable Typically, basic property management softwares are not great at tracking those types of expenses. Often times, expenses related to debt service are tracked separately.

If you intend to progress with your RE investing, I highly recommend partnering with a local CPA who specializes in real estate/property management. They can advise you best!