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theotherkathy
Level 1

Is class tracking the best way to track expenses for 10 or so income properties? Or is there another way?

Goal is to track mortgage interest, maintenance, etc. by property.
1 Comment 1
john-pero
Community Champion

Is class tracking the best way to track expenses for 10 or so income properties? Or is there another way?

My cup of tea is definitely Class Tracking for rental properties. You can do it with customer level and reports on customers since you will have a customer tree similar to

Property

     Building

          Unit

               Tenant

and the results you want to fill out Schedule E for each deeded property are based on the property level, but I find it much easier to simply assign a class for each property and in using classes for all income and expense the P&L by Class report is already i place and functional

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