9/19/2023 0 Comments Excel real estate management![]() ![]() Rental property asset management software like Stessa that is specifically designed for real estate investors uses IRS Schedule E (Form 1040) as a starting point for creating a rental property chart of accounts. How to create a rental property chart of accounts While there is no standard format, each section of a rental property chart of accounts is usually divided into several sub-accounts to provide investors with financial information on a more granular level.įor example, the asset account may contain sub-accounts for building value, land value, improvements, accumulated depreciation, along with checking, savings, and trust account balances.
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