Organizing property paperwork

[Kelcee Lucero]

Hello! I’m trying to help my husband organize his 5 properties so we have a system when we buy/sell. I’m thinking about organizing by property and having all the paperwork in that folder but what folder titles should I have within each property? Any other tips on organizing paperwork to be successful in the future. Thank you in advance

[Todd Rasmussen]

@Kelcee Lucero

In our property folders, I retain:

1) Title Insurance / Deed

2) Lease / Estoppels

3) Repair invoices / Rehab contracts

4) Payoff letters / Current note

5) Insurance declaration pages / Property Tax Cards

6) Photos of property

I'm never prepared for an internal audit, but the above is my goal.