christok
Returning Member

Investors & landlords

Thanks for the response!

 

I can see the value in that approach; however the bulk of the depreciation is not related to a single unit but rather the entire propoerty (i.e. the cost basis of the property). 

 

As I've looked at this some more it appears that I can allocate that within the asset book. You can adjust the business percentage of each individual asset there.

 

So it seems that a hybrid approach might work best: assets common to the entire property are tracked separately from assets that are specific to a particular rental unit.

 

Thoughts?