I need help in tracking all income and expenses for rental properties.
I have a few questions/thoughts:
1. I will need to have each property value as an asset. Some properties are owned 50%. What is the best way to capture this?
2. When a property has an expense, what is the best way to capture this?
3. When a property receives income, what is the best way to capture this?
Trying to put together the whole picture.
Thanks for your help.