Mason City, IA · Member since 2018 · 14 posts · 7 votes
Investors, and in particular those that do *not* manage their properties - how do you track your properties? Is there a program or software that allows you to easily observe all the properties in your portfolio, as well as their details? Perhaps displaying it in a format like a TD Ameritrade or other investing site. I know there are many property management programs available, but I feel these are geared more toward operating the properties rather than tracking a portfolio. Some of the things I'd like it to do/keep track of:
-Track purchase price, details of any loans, and current equity in the property as well as total portfolio equity
-Track current and past rents for properties
-Track total ROI for individual properties, as well as entire portfolio
-Track expenses, be able to upload receipts, bills, etc
Rental Property Investor · Gilbert, AZ · Member since 2016 · 3k+ posts · 4k+ votes
8y
@Steven Thoma it sounds like you are looking for a real estate rental software. For the properties that I manage myself, I just use excel. It’s easy I can control create whatever columns that are important for me (tenants name and contact info, rents, current market value, loan amounts, monthly reaccuring bills, cash flow, etc). Then I share online quick books with my accountant to see the profit and loss statements. I manage about 35 properties this way. I also have an assistant who helps.
Rental Property Investor · Gilbert, AZ · Member since 2016 · 3k+ posts · 4k+ votes
8y
@Steven Thoma it sounds like you are looking for a real estate rental software. For the properties that I manage myself, I just use excel. It’s easy I can control create whatever columns that are important for me (tenants name and contact info, rents, current market value, loan amounts, monthly reaccuring bills, cash flow, etc). Then I share online quick books with my accountant to see the profit and loss statements. I manage about 35 properties this way. I also have an assistant who helps.
Investor · Plainfield, IL · Member since 2016 · 11 posts · 2 votes
7y
@Shiloh Lundahl - Do you mind sharing the spreadsheet you use to track your properties. Would love to see the framework of this spreadsheet. I'm in a similar boat as @Steven Thoma (Thanks for posting that question Steven). I tried looking at several software tools, but most of them include features that are not relevant to my use case and are expensive as well. I do have a PM company that takes care of the rest, I just need to track a couple of properties on rent details, cash flow, roi, expenses etc. Thanks in advance.
Rental Property Investor · San Jose, CA · Member since 2018 · 43 posts · 22 votes
7y
@Shiloh Lundahl I could agree more you. Excel/Google Spreadsheet is the most efficient and cost effective strategy, not only for managing rental portfolio, but also your CRM. Much better than any other fancy software out there which are very costly and buggy.