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General Real Estate Investing

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Justin Sumulong
Pro Member
  • Investor
  • Chicago, IL
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35
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What do you keep for your records?

Justin Sumulong
Pro Member
  • Investor
  • Chicago, IL
Posted Apr 6 2017, 07:42

Let me be clear, I am not asking about bookkeeping such as maintaining cashflow, expenses, etc.

As a buy & hold investor with a couple rental properties, what forms/paperwork/etc do others hold onto in the form of HARD/PHYSICAL COPIES vs. SOFT/ELECTRONIC copes?  I am thinking of forms like:

-Purchase agreements

-Title Insurance

-Property mgmt agreements

-Closing documents

-Anything & everything else you can think of...

While I'm still early on in my journey and don't have a bunch of properties to catch up on, I want to try to get things in order and sort everything out.  For each property, I want to have a folder or binder with actual hard copies...but I need help distinguishing what is worth keeping and what isn't.

Thanks in advance for any & all advice.