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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?
‎January 30, 2021
4:25 PM