INTRODUCING: FREE Expense and Income Spreadsheet for Rental Property
Rental Income and Expense Worksheet
Track Your Income and Expenses For Your Rental Property With This Super Simple Spreadsheet
Eric Bowlin
Founder of and owner of over 220 rental units valued at more than $18m
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You’re too busy right now to track every last dollar, so you’ll get it done in March or April right before the tax deadline.
Then April rolls around and you can’t remember what that receipt was for. What about this random $27 charge?…
…and you swear you have a receipt for those tools you bought., but it's nowhere to be found.

So you file an extension and swear you'll get it done by May.

Soon it's September and your deadline is approaching...
Does this sound familiar?
You are leaving money on the table when you aren’t tracking your expenses properly. It's your duty to keep your taxes low, so it's time to get organized!
As your business grows, you'll probably outgrow excel and move up to something more advanced such as QuickBooks. Accounting software is expensive and has a serious learning curve, so it's better to start with something simple for now.

That's why I am releasing an updated version of the actual excel spreadsheet I used to track my properties for the first 3-4 years of my business.
Small Business Pays Too Much In Tax
According to the Small Business Administration, small businesses pay an average effective tax rate of 19.8%. By using this free downloadable rental property expense tracker, you have a shot at writing more off of your taxes and being on the lower end of the average.

If you're business is pulling in just a livable salary of $100,000, being able to lower your tax rate from 20% to 15% would save you $5,000 per year which you could use to reinvest and buy more property. Compounded over decades, this could be worth millions of dollars.

So, do yourself a favor, and download this rental property expenses spreadsheet for free!
Taking a Look at the Income and Expense Spreadsheet
In this rental property expense and income worksheet, you can track everything and break down all your categories. It is super easy to alter and make it your own.
If you aren't tracking every dollar, how do you even know if you're making a profit or losing your shirt? It's simple, you can't...
In this rental property expense spreadsheet, you will need to use the tabs on the bottom of the sheet and fill out the monthly income and expense worksheets. There is also a tab for mileage.
Rental Property Expenses Worksheet
Within the monthly sheets, you will find the rental expenses spreadsheet to help you track all your different sources of costs.
These can range from simple repairs or maintenance to major improvements. You also need to be tracking vacancy costs, all of your mileage, and even tools you purchase to do repairs.
All of these things may be deductions (consult with your CPA) and tracking your rental property expenses can save you money at tax time.
It’s really essential that you track every dollar of expenses. Remember, every dollar you forget about is one more dollar that Uncle Sam gets to tax.
Don’t leave money on the table by not having a rental expense worksheet!
Rental Income Spreadsheet
Within the monthly rental income sheets, you'll see them separated to help track all your different sources of income.
As you can see, you can choose from several options and record what the income is for.
By recording the dates and category of every income source, you will be able to identify areas where you can improve your business, determine who are good and bad tenants or help you think of creative ways to increase your income.
Just like you want to track every expense for your rental property, don’t forget to track every dollar of income in the income tracker for rental property.

Uncle Sam will not be happy if you forget to claim all of your income, and you won't be happy when they are calling you.
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