Set Up Tenants for Mobile Home Park in QuickBooks

If you own or manage a mobile home park, you’ll want to pay attention to this Q&A.

Q: I own a mobile home park. Some units in the park are owned by tenant and they only pay lot rent and some rent the mobile home itself from me with lot rent and home rent combined. What would be the best way to set up my customer list?

A: Set up the customer list as follows:

Create invoices for all the tenants using a Rent Service Item, which will link to Rent Income Account.

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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