To determine basis, you need to know the cost or other basis of your property. In April, you bought a patent for $5,100 that is not a section 197 intangible. You depreciate the patent under the straight line method, using a 17-year useful life and no salvage value. You divide the $5,100 basis by 17 […]

It automatically reconciles multiple bank accounts and tracks every rent payment and vendor bill. It can even turn work orders into bills and automate recurring payments. It also creates easy-to-understand reports and graphs, whether you are managing one property or hundreds. Given these capabilities, Buildium is the best overall real estate accounting software for landlords […]