![]() ![]() Staying organized not only reduces the risk of getting audited. That’s why good record keeping is so important for real estate investors.Īccording to a post on BiggerPockets, large or vague deductions are one of the top three IRS audit areas every real estate investor needs to know. In order to gain the most from your rental property investment, it’s important to report all of your income and expenses as much as you (legally) can. ![]() The good news is that keeping track of the expenses of owning and operating rental property is easy when you use the best modern software specifically built for residential income property investors. It’s also one of the least favorite things that most real estate investors want to do. ![]() Tracking rental property expenses is an important part of investing in real estate. ![]()
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