How to keep track of my Real Estate Business?

[Account Closed]

Hey Everyone,

I am not sure if this is the place to post this, but I was wondering what is the best way to keep organized when you are starting out in real estate investing.

I have done some deals and there are a lot of moving parts to keep track of. My husband and I are thinking about going from Part-time to Full-time investing and want to make sure we start off on the right foot. Any ideas?

[Danny Johnson]

The easiest way to keep track of everything is to make checklists of what is needed for each type of transaction. So, when you get a house under contract you can print out a checklist for that transaction and keep track of all of the different things that you need to do to make sure you don't forget anything. Like putting the utilities in your name.
Then when you sell, you will pull out the selling checklist to make sure you do things like canceling the utility services.

Also, a good file keeping system and having Quickbooks set up to keep track of the financials will help keep you organized.

Don't forget to keep track of all goals so that you don't just get caught up in the day to day.

Hope this helps.