Book Description

Use this record book to keep track of up to 12 rental properties for an annual period. There are several forms included in this book for each rental property you define. Summary for Tax Preparation Property Details Form Individual Tenant Records Tenant Details Tenant Payment Record Maintenance Record by Property / Tenant Income / Expense / Profit Summary by Property Here's what each form is for. Summary for Tax Preparation Form is used to summarize all the income from rents and the expenses associated with each individual property. Property Details Form is used to summarize all the information about the property. Tenant Details Form is used to record the details of each tenant, including contact information, references and employers. Tenant Payment Record Form is used to record each payment received from the tenant with the date received. This equals the property income from the rental property to be used on the Income / Expense / Profit Summary for the property and the Summary for Tax Preparation. Property Maintenance Form is used to record requests for maintenance from the tenant, reported problems and the scheduled date of repair, the date completed and the cost. This equals the property expenses from the rental property to be used on the Income / Expense / Profit Summary for the property and the Summary for Tax Preparation. Income / Expense / Profit Summary Form for the Property is used to record the summary for the property along with any notes regarding the property such as maintenance that needs to be done, problems that need to be taken care of, etc. This is for you to review the profitability of the individual property and make decisions about it. Details of Other Income and Expense is used to itemize other income and expense other than from rents and costs directly associated with the rental unit. This could be allocated advertising expense, property expenses, landscaping, etc"