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Accounting for Investment, Commercial & Rental Properties

One aspect of owning a rental property is keeping track of the expenses and income associated with the business. Proper accounting and organization makes it easier to keep track of the financial performance of each property.

Accounting will reveal if you are making or losing money on your properties. Thorough records also help an investor maximize his tax deductions, said Robert D. Lattas, a Chicago-based real estate and tax attorney.

 

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