Tools or Techniques for Tracking Property Performance

[David Gotsill]

Hi All -  I'm closing on my first investment property in a few days (pretty excited) and have been trying to get a handle on what factors or metrics are most useful when tracking the performance of the property.  I'd welcome any suggestions or tools others use to track their properties.  

To the extent it's helpful, here are some basic details of the deal: it's a highly-leveraged, urban multi-family property with 24 units, plus 2 paid parking spots. Most utilities are paid by respective tenants. I'm acquiring through an LLC, which, for various reasons, likely cannot be treated as a pass-thru entity. I'll likely hold for a while (maybe even long-term), but may consider selling in 5 years or so.

Thanks in advance!