how u all record the rental income?
there are expenses such as maintenance fee,assesstment fee,cukai pintu,agent commission
can I keep a simple log ?

how calculate the interest?
normally monthly u pay bank instalment
half to interest half to loan

Thanks
#deductible expenses

• Advertising for tenants

• Assessment

• Insurance (e.g. fire, burglary)

• Interest on loan(s) to finance the purchase of the property being rented out

• Legal expenses (renewal of tenancy agreement, recovery of rental arrears)

• Maintenance/service charges

• Pest control

• Property agent fees/commission

• Quit rent

• Rental collection fee

• Repairs and maintenance

• Replacement of rental assets

#Expenses not allowed
Costs of obtaining the first tenant for the property, such as:

° Advertisement;

° Introducer’s commission;

° Legal fees incurred for the preparation of tenancy agreement;

• Other expenses incurred prior to the property being rented out; or

• Renovation and improvement costs.

This post has been edited by soulmad: Mar 30 2017, 10:54 AM