This is Real Estate Rookie Episode 322.

So we only do welcome gifts at a few of our properties right now and ours are pretty plain.

It's a little note card that we have. It's a little package of popcorn and it's like some candies.

I personally probably wouldn't standard include wine as a welcome gift for a lot of the reasons

that you mentioned. We have sent gifts like that in the past but only if we know like if we get

something from that guest before they check in. So someone's like, hey, my wife and I are

celebrating our 10th anniversary. Anyone who's celebrating an anniversary 10 years is probably

over 21 years old, right? My name is Ashley Care and I am here with my co-host Tony J. Robinson.

And welcome to the Real Estate Rookie Podcast where every week, twice a week we're bringing

the inspiration and motivation and stories you need to hear to kick out your investing journey.

Today we've got a really good Rookie reply for you guys. It actually kind of goes off the rails

at one point and she just goes rogue and comes up with her own question. But we get a few good

good guest questions as well or Rookie questions I shouldn't say. So we talk a little bit about

mortgage interest and is it a business expense or is it not? We talk about the pros and cons of

buying your properties in LLCs or to doing it in your personal name. I love it how Tony said

Ashley has a question and then we have really good questions. She's reading in to that guy.

So yeah some of the things we talk about today are about mortgage payments and how they

should be broken out on your tax return and in your own bookkeeping for your profit and loss

statement to show your income and expenses. You have your principle that is included in your

mortgage payment and then you also have interest and then you may also have us grow which would

be your insurance and property taxes too. So we're going to touch on that and why a bookkeeper

can play a really big important key role in helping you decipher that.

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