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Updated about 5 years ago on . Most recent reply

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Aseem Asthana
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Tools for managing properties?

Aseem Asthana
Posted

I am a small time investor with 2 rental properties. I find the task of managing all the documents, details and dates associated with HOA payments, rent collection, taxes, insurance, mortgage and lease and tenant details tedious. Also, its hard to see the forest for the trees (am I making money or not). What tips and tricks do you have?

Is there a Google sheets document or apps that folks use?

Most Popular Reply

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Michael X. Wang
  • Real Estate Broker
  • Lexington, KY 40509
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Michael X. Wang
  • Real Estate Broker
  • Lexington, KY 40509
Replied

You should be fine with an Excel file. I know the modern day trend is to sign up with a property management software, which is great, but an Excel spreadsheet done right is great too. I've been doing this 16 years and have over 1200 units under my management (120 or so I own myself) and have never invested in any property management software. I have a beefed up excel file that I use that my clients love. My big investors, I will also provide them a QuickBooks file for easier reporting but my excel file is my baby. Even for my own 120 units.

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