Cash accounting method Archives - Basic Property Management

March 14, 2025April 2, 2025Landlords, Residential Property Management, Tenants

How to Record Prepaid Rent: A Guide for Savvy Landlords

A landlord standing in front of the door to a rental apartment accepting money from two young female college students he is renting an apartment to.

Managing rental income effectively requires understanding prepaid rent scenarios. When tenants pay their rent ahead of schedule, you as a landlord need […]

March 7, 2025March 14, 2025Accounting, Commercial Property Management, Investors, Residential Property Management

Financial Reporting for Real Estate Investors: Best Practices

A table with charts and graphs showing real estate investment performance

Accurate financial reporting forms the foundation of successful real estate investing. Regular financial statements enable you to track property performance, make data-driven […]

March 7, 2025March 14, 2025Accounting, Landlords, Residential Property Management, Short Term Rental Management, Vacation rental management

Top 10 QuickBooks Features Every Landlord Should Know

A landlord using QuickBooks to manage rental income and expenses

Managing rental properties requires organized financial tracking and accurate bookkeeping. QuickBooks offers powerful tools that can streamline your property management accounting tasks […]

March 6, 2025March 14, 2025Accounting, Investors, Landlords

Cash vs. Accrual Impact on Rental Property Tax Deductions

A rental property with two columns representing cash and accrual accounting methods, impacting tax deductions

Choosing the right accounting method shapes when you can claim tax deductions for your rental properties. The two main options – cash […]