What is the best way to track rental income and expenses?
I am about to rent my house and need to know which is the best way to keep track of the rental income and any expenses related to the rental property. How do I provide a receipt to the tenant when rent is received? Does anyone recommend renting a p.o. box to have the rents sent their instead of your residence? Any other professional advice would be welcome, this is my first time renting a home out!
Please do not respond with sarcastic answer, I don’t have time for that!
Thanks to all who help me out!
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