You should require that all contractors provide evidence of the work they perform and the number of hours they spend working on your rental property. Most professionals in the rental industry understand this requirement and should have processes in place to provide the documentation you need.
For your personal hours, keep a record of all the following:
- advertising to rent or lease the real estate;
- negotiating and executing leases;
- verifying information contained in prospective tenant applications;
- collection of rent;
- daily operation, maintenance, and repair of the property, including the purchase of materials and supplies;
- management of the real estate; and
- supervision of employees and independent contractors.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
