Rental Property

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

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