Track Expenses and Income
How to maintain clean financial records for each property.
Use Expense for outgoing money and Additional Income for non-rent incoming money (parking, utility reimbursements, fees, etc.).
Best-practice flow:
1. Log expenses as they happen using clear names and real dates.
2. Log additional income with source labels that you will recognize later.
3. Keep notes short but specific when context matters.
4. Use property and unit linking consistently for cleaner totals.
Common confusion:
- Rent payments and additional income are separate on purpose.
- Missing links to property/unit reduce reporting clarity.