Ian Bryzek, CPA
Tracking property management expenses
Property-management charges should be matched to rent collection and management services.
A management statement can explain fees, repairs, owner draws, and tenant activity in one place.
Retain contracts, monthly statements, and invoices rather than recording only the net deposit.
What to keep with the file
Retain contracts, monthly statements, and invoices rather than recording only the net deposit.
What to gather
- The source documents closest to the transaction
- A dated list of what happened after death
- Statements, invoices, or correspondence that explain the entries
Who usually handles what
- Ian can help identify the tax records and reporting questions.
A practical next step
Make a short timeline and mark any fact that still needs support.
Related guides
This general information is not tax or legal advice. The answer depends on the documents, ownership, timing, and facts of the particular matter.