I am think about purchasing property in Nebraska and leasing them out. I need a property group that watch over these properties. Does anyone know anyone?
How many properties do you have? you may want to invest in a property management company. The software that your needing can cost from $600-$5000 they go by units.
I use Excel spreadsheets for almost everything. I have all of my loan amortizations and property equity on a spreadsheet. Also use one for tracking tenants and properties.. plus many other uses.
Spreadsheets are very robust and are not very difficult to learn.
I may write an article on spreadsheets, since there seems to be some interest. I have already written one called "Getting Started On Your Investment Plan Using A Spreadsheet". Perhaps you might look at that.
This may be of some help to you for the time being.
My spreadsheets have come into being to satisfy some need. The need is usually based on wanting information or wanting to make my system more efficient.
The most recent one I use to track utility costs. The need arose since I am currently swamped by a sea of utility bills because of new acquisitions and vacancies. For this I have a column that lists the properties, one that lists the utility provider, one that tells what type of utility, one that has the account numbers. Columns after that are dollar amounts -- one column for each month. I sum these columns to get my monthly utility costs and can easily track trends for each utility from month-to-month. From this info one of my out-of-state managers found a running toilet in a vacant unit.
One suggestion to you if you are not very familiar with the capabilities of Excel is to develop simple spreadsheets first. One that requires absolutely no calculation is a tenant spreadsheet. You are just using Excel to store data. A column each for Property, Tenant Name, Move In Date, Home Tel., Work Tel.,Cell Phone #, Current Rent, Security Deposit, Bank Account #. You can make this more useful by summing the Current Rent column and the Security Deposit Column.
I hope this is of some help, if not, ask and I will respond.
Are the disclosure requirements federally, state, or locally based? My guess is a combination there-of. Your local housing authority should (should, that is) be able to direct you accordingly, I would think...
We offer Six options,
1yr at X per month (or X/2+25 bi-weekly)
6 months at X+50 per month (or (X+50)/2+25 bi-weekly)
MTM at X+75 per month (or (X+75)/2+25 bi-weekly)
Does that make sense? =)
[addsig]
Sorry, finger slipped[ Edited by alexlev on Date 03/20/2005 ]
How many properties do you have? you may want to invest in a property management company. The software that your needing can cost from $600-$5000 they go by units.
john969,
I use Excel spreadsheets for almost everything. I have all of my loan amortizations and property equity on a spreadsheet. Also use one for tracking tenants and properties.. plus many other uses.
Spreadsheets are very robust and are not very difficult to learn.
JS,
I may write an article on spreadsheets, since there seems to be some interest. I have already written one called "Getting Started On Your Investment Plan Using A Spreadsheet". Perhaps you might look at that.
This may be of some help to you for the time being.
My spreadsheets have come into being to satisfy some need. The need is usually based on wanting information or wanting to make my system more efficient.
The most recent one I use to track utility costs. The need arose since I am currently swamped by a sea of utility bills because of new acquisitions and vacancies. For this I have a column that lists the properties, one that lists the utility provider, one that tells what type of utility, one that has the account numbers. Columns after that are dollar amounts -- one column for each month. I sum these columns to get my monthly utility costs and can easily track trends for each utility from month-to-month. From this info one of my out-of-state managers found a running toilet in a vacant unit.
One suggestion to you if you are not very familiar with the capabilities of Excel is to develop simple spreadsheets first. One that requires absolutely no calculation is a tenant spreadsheet. You are just using Excel to store data. A column each for Property, Tenant Name, Move In Date, Home Tel., Work Tel.,Cell Phone #, Current Rent, Security Deposit, Bank Account #. You can make this more useful by summing the Current Rent column and the Security Deposit Column.
I hope this is of some help, if not, ask and I will respond.
Regards,
Ed
Has anyone tried RentTracker. That one looks like it is free up to 3 properties.
I have an excel file set up for 5 units. Easily expandable to as many as you want. Send me a PM and I will email it to you.
Tim
Geez, it did it again.
Can any of the moderators shed some light on this glitch?
[addsig]
It has happened to me as well on the word "development" tonight... May be a bug.
Quote:
On 2005-03-23 20:57, monkfish wrote:
Geez, it did it again.
Can any of the moderators shed some light on this glitch?
Are the disclosure requirements federally, state, or locally based? My guess is a combination there-of. Your local housing authority should (should, that is) be able to direct you accordingly, I would think...