Advice on Organization
i'm a new investor and my question is What do seasoned investors use for organizing information?
For example:
1. Keeping information on Contacts for Buyers & Sellers? Do you just store in your smartphone or is there a Real Estate organizational software / program you use?
2. I want to separately keep notes and information on each deal I do individually so I can have a portfolio to show for maybe raising capital but also to just review to see what mistakes were made etc...
Tired of my desk looking like a paper recycle bin...
Hey Curtis,
I think it depends on your own personal style. I use google docs with my girlfriend to keep all of our documents together. I scan everything that I have and type up a lot.
I also operate well with Excel.
For contacts I just use my phone and make sure that I have something in there to code everyone. I use the company blank a lot so that it comes up in iPhone search. You can list the property address in that field. You can back everything up to i cloud or whatever cloud service you have. Then I use the reminders app to set up re-occuring calendar events to call people.
What kind of additional information would you like to keep? I also have a filing cabinet where I keep files on everything for paper docs.
I'm sure there are good programs but I've just learned to operate within the programs and functionality that I already have.
Yes I will look into Google Docs. My main goal is to just keep each deal I do separately in their own file. I want things on the computer so I can access as paperless as possible.
Thank you
I use Evernote and Expensify. I believe there are free trials for both.
I keep a Notebook for Potential Properties, and move them to their own Notebook when I purchase them.
For potential properties I can clip information from websites, track auction end dates, as well as opening bids and reserves.
For properties I purchase, I create subfolders:
Documents - for contracts and proposals etc.
Expenses - copies of receipts
Photos - Before, during and after
To Do list
Completed Tasks
The software is available online, on my desktop and my phone. It is great to be in a store and have a list of items needed, pictures, and measurements on a device I never go anywhere without.
@Scott Culver thank you for the recommendations. I will give it a free trail.
@Scott Culver thank you for the recommendations. I will give it a free trial.
trial*