- Joined
- Sep 14, 2007
- Messages
- 298
Hi Garth and all,
I`ve tried to enter in all my information for a property that I bought back in 2004. When I first bought it, I lived upstairs and had renters downstairs. Now I live somewhere else and have renters up and down. At one point during the course of living there I changed the way I pay my mortgage from monthly to weekly. Of course there were various expenses over the years some of which I claimed 50% and others 100% on my taxes. So that`s the background.
My question is, what is the best method to go about entering the information, expenses etc. I have this information, but only being a REIN member for the past 7 months means I`ve really only been keeping "diligent" records and filing systems since I`ve learned more etc.
Would most people just reccommend that I start from "now" and put it what I owe on my mortgage right now and manually enter the payments etc. for the time being just so the numbers come out correct in the end?
I guess when I run the various reports, none of the numbers end of being correct and I want to try and start with something that actually works.
The most frustrating thing is that I`m a computer/numbers person and should be able to figure this out but it`s turning out to much more difficult than I thought. It makes me wonder if the rest of the non-computer-savvy people are having these troubles or worse, or am I doing something completely wrong...
Thanks
Sean
I`ve tried to enter in all my information for a property that I bought back in 2004. When I first bought it, I lived upstairs and had renters downstairs. Now I live somewhere else and have renters up and down. At one point during the course of living there I changed the way I pay my mortgage from monthly to weekly. Of course there were various expenses over the years some of which I claimed 50% and others 100% on my taxes. So that`s the background.
My question is, what is the best method to go about entering the information, expenses etc. I have this information, but only being a REIN member for the past 7 months means I`ve really only been keeping "diligent" records and filing systems since I`ve learned more etc.
Would most people just reccommend that I start from "now" and put it what I owe on my mortgage right now and manually enter the payments etc. for the time being just so the numbers come out correct in the end?
I guess when I run the various reports, none of the numbers end of being correct and I want to try and start with something that actually works.
The most frustrating thing is that I`m a computer/numbers person and should be able to figure this out but it`s turning out to much more difficult than I thought. It makes me wonder if the rest of the non-computer-savvy people are having these troubles or worse, or am I doing something completely wrong...
Thanks
Sean