What is the difference between a pet deposit and a pet fee?
A pet deposit is a refundable deposit collected when the tenant or the pet moves into the property. A pet fee is extra rent for the pet. It could be a one-time non-refundable deposit, or it could be a monthly fee that is collected along with the tenant's rent. In either case, the pet fee should be recorded in the Income and Expenses input form in the month that it was received.
INPUT DATA > INCOME and EXPENSES
What apps does REAL ESTATE TOOLS provide for income property investors?
PROPERTY TRACKER - PropertyTracker.com is a web-based service that helps you evaluate potential properties before you buy and track the mortgage, income, and expenses for properties that you already own. The first 30-days are free and clients are ...
Local vs Long Distance Real Estate Investing
CW 1131 - Listener Question - Local vs Long Distance Real Estate Investing Jason takes a question from Mike who is a longtime Creating Wealth listener and income property investor in Phoenix regarding Mike's hesitation to invest in real estate ...
What are damage credits?
A Damage Credit is any portion of a tenant's security deposit that is withheld to reimburse the owner for damage done to the property. If you returned the entire security deposit to the tenant, the damage credit would be zero. Damage Credits can be ...
How to document the sale of a property in Property Tracker
In the INPUT DATA > SELL section of Property Tracker the question is asked 'Has this property been sold?' and once you click the YES dialog box additional SALE DATE and SALE PRICE fields become visible which will allow you to enter and save their ...
How can I track my property performance?
Real Estate Tools offers a suite of programs to help you manage your portfolio of income properties. Property Tracker is a web-based monthly service that helps you evaluate potential properties before you buy, and track the properties that you ...