What is the correspondence log used for?

What is the correspondence log used for?

If you ever get audited by the IRS, and you need to prove that you are actively involved in managing your properties, then you'll need to show them a log of the conversations you've had with your property manager, insurance company, contractors, etc. You should keep track of every time you call your property manager and what you discussed. When you're called in for an audit by the IRS, simply print out this log and bring it along.

CONTACTS > CORRESPONDENCE LOG
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