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Rental Income and Expense Tracking Services

 

Do you own Rental Property? Are you confused as to the complicated tax issues as they relate to your rental property? Now Affordable Accounting Services can help you track your rental income and expenses, including depreciation and keeping track of your properties adjusted basis.

 

Don't lose valuable tax deductions. The decisions you make now can have far greater tax implications later on.

 

Now we have an affordable program to help you keep track of all your rental properties and eliminate the confusion.

 

Property Performance

 

We can help you get an instant snapshot of where your money is going so you can make better decisions about rental rates and repair expenditures. We can even help you track capital improvements and depreciation for each property over time.


Compare performance month-to-month. You can check on income and expenses for each property you own from one month to the next and compare your properties so you're always on top of your rental investments.

 

Income and Expense Tracking for Taxes

Save time retrieving financial information. We categorize your financial information throughout the year using an Income & Expense ledger. We help capture deductions along the way. Organizing deductions throughout the year. Recording your expenses, including vehicle mileage, by Schedule E categories.

bullet Mortgage interest
bullet Property taxes
bullet Insurance
bullet Travel expenses
bullet Legal or professional fees
bullet Advertising
bullet Utilities
bullet Cleaning and Maintenance fees
bullet Repairs, including labor costs
bullet Supplies
bullet Pest control, lawn care, and trash disposal
bullet Credit checks for tenants
bullet Management fees

 

Track Capital Improvements and Adjusted Basis

We help you track capital improvements. How do you determine whether an expense is a deductible repair or an improvement? Improvements that you make to your rental property are depreciated over their class life. This means that the cost is recoverable ratably over a specified number of years instead of deducted in the year you pay for them.

 

bullet Additions
bullet Landscaping Including fences plants driveways and walkways
bullet Roof replacement
bullet Door and window replacement
bullet Security systems
bullet Electrical wiring and plumbing
bullet insulation
bullet Siding
bullet Heating and cooling systems
bullet Interior remodeling
bullet Carpeting
bullet Appliances

 

For as little as $175 per month we will organize and keep track of all your rental income and expenses for up to five properties with an additional five properties for just $35 more per month.

Call For More Information

Suffolk County: 631-610-8610        Nassau County: 516-991-0500
 

 
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