Your mileage can add up to a significant deduction, but it requires you to keep a detailed mileage log. Landlord Studio automates this for you.
Landlord Studio allows you to track and log mileage for your property-related journeys, making it easier to maintain accurate travel records so you can claim every mile on your tax return and maximize your end-of-year deduction.
Adding a Mileage Entry
1. Navigate to the Mileage Section
Log in to your Landlord Studio account.
Select the relevant property you want to log mileage for.
Go to the Mileage & Reminders tab.
Note: On mobile, you can use the quick-start button on the dashboard to begin a new journey.
2. Create a New Mileage Entry
Click the + New button in the Mileage section.
A pop-up window labeled Add Mileage will appear.
3. Enter Journey Details
Start Location: Enter the starting point of your journey.
Next Location: Add additional stops (up to 10 locations per trip) or enter the End Location.
Start Date & Time: Select the date and time of departure.
End Date & Time: (Optional) Enter when the journey ended.
Purpose: Specify the reason for the trip, such as property inspections, tenant meetings, or maintenance visits.
Additional Info: (Optional) Add any relevant notes, parking fees, toll charges, etc about the trip.
4. Save the Entry
Click the Save button to record the mileage.
Your journey will now appear in the mileage log, with distance and estimated travel time automatically calculated if applicable.
Managing Mileage Records
Edit or Delete: Click on an existing mileage entry to make changes or remove it.
Export Mileage Data: You can generate reports to assist with tax deductions and expense tracking.
Best Practices
Log mileage as soon as possible to ensure accuracy.
Use detailed descriptions to easily identify the purpose of each trip.
Regularly review and export mileage records for financial tracking and tax reporting.
By following these steps, you can efficiently track mileage in Landlord Studio, ensuring accurate record-keeping for your property-related travel.