One to four rental units
Bookkeeping for small landlords
A few units don't need a big system, but they do need clean records: rent in, repairs out, and tenants' security deposits kept separate.
The basics
Track rent per unit, expenses per property, and security deposits apart from your own money. New Jersey has specific rules for deposits, so confirm them with your attorney.
Repairs vs. improvements
Some costs are deducted right away and others are spread over time. A tax professional makes that call; we label them so the question is easy to answer.
Year-end
Keep invoices for repairs and a clear record of each tenant's payments. That makes tax time and any dispute easier.
Related
General information, not legal or tax advice. Rules change; confirm with the agency, lender or your professional. Updated October 2026.
FAQ
Common questions
Do you handle rent collection?
No. We keep the books of rent you collect.
Can you separate each property?
Yes.
Do you give tax advice?
No. We prepare clean records for your tax professional.