Rental Property Organizer

This Organizer is for:_____________________

 

Property Name

Kind of property: Residential □ Commercial □

Address of property

Did you live in this home during the year? Yes □ No □
If yes, was this your: Main home □ or 2nd home □?
What percentage of time was the property rented for the year? _________
How many days was the property used for personal purposes during the year? ____________

Did you actively participate in the operation of this rental ? Yes □ No □

Is all of your investment at risk? Yes □ No □

Did you sell this property in 2007?

Are you a real estate professional who worked 500 hours or more in real estate for the year?  Yes □ No □

Income

$

Expenses  Continued

$

Rents received

 

Interest- Other

 

Non-refundable Deposits received

 

Supplies

 

Refundable rental deposits received

 

Taxes

 

Rental deposits that were forfeited by tenants

 

Utilities -Electric

 

Value of service or Property received in lieu of rent

 

Utilities -Garbage

 

Rents refunded

 

Utilities - Gas

 

Expenses

 

Utilities -Other

 

Advertising

 

Utilities -Water

 

Auto & Travel

 

Association Dues/Fees

 

Cleaning & Maintenance

 

Telephone, Cell, Internet

 

Commissions

 

Pest Control

 

Insurance

 

Other Expenses

 

Legal & Professional

 

 

 

Management Fees

 

 

 

Interest -Mortgage

 

 

 

Repairs

 

 

 

 

 

 

 

Asset Depreciation Worksheet

You must report the purchase and disposition of all assets you used in your business.

For each asset bought or sold, provide the following information:

Assets purchased listing

 Assets sold or disposed of listing
Description  Date Bought Cost Description Disposition date  Sales price