How to easily track your rental income & expenses

If you own rental properties – whether it be 1 or 5 or 20 – chances are you do some form of accounting for it.

There’s many ways to do it –

Could be simply grabbing as many receipts as you can find come tax time and handing them to your accountant.

Or maybe you maintain some kind of ledger either on paper or electronic – but the drudgery of it keeps you from doing it on a regular basis. Plus you have no way of knowing what’s going on until the end of the year….maybe

You may even have an accounting / bookkeeping software with all the bells and whistles but simply never get around to using it. Possibly all the bells and whistles are kind of getting in the way.

However what if it were possible to not only easily track all your income and expenses but to maybe actually even enjoy it.

Introducing MoneyUsage’s Rental Income & Expense Tracker

Ta da!

What sets it apart?

1. Extremely easy to use Excel spreadsheet. Absolutely no learning curve involved.
2. Pre-filled Income and Expense Categories – that include just about every type of category you are likely to come across as a landlord – plus additional categories if you wish to customize them further
3. Drop Down lists of Income and Expense Categories that save you on typing and time
4. Gives you instant feedback on how all your properties are doing.
5. Know how much Income you are making on each property – whether it be from Rent, Late Fees, Storage, Laundry etc.
6. Know what your Expenses are – right down to whether those repairs are for plumbing, electricity or appliances.
7. A dynamic, automatic Dashboard that summarizes Income and Expenses for each month, for each property and for each category of Income and Expense.
8. Graph that gives a quick visual overview of how all your properties are performing. Great for comparison.
9. Record all details of your tenants including Start-date, End-date, Rent Due Date, Deposit paid.
10. Ample space for notes.

MoneyUsage Rental Income & Expense Tracker is available for 10 properties and 20 properties – the 20 property version has some cool blue navigation buttons 🙂 I can sit clicking on those buttons all day.