Soar to Success May 2019

H indsight is 20/20; without pertinent data, how can informed real estate portfolio decisionsbemade. Seasonedrealestateinvestors acknowledge that they wish they had developed good tracking systems for their properties earlier. Often investors start acquiring properties without giving thought on how they will keep track of valuable data such as initial purchase, renovation, repairs/maintenance, and tenant history. Successful investors regularly analyze their investment portfolio performance which can only be done when all these data facts are present. While there are online tracking systems to collect this data, first begin with a manual outline of what you might need to track. Keep the end in mind as you consider what information youmight need to analyze a properties performance in your portfolio. Below is a list of suggested items: Purchase price and date Loan information (rate, maturity date, amortization and appraised value). Initial renovation and future outlined upgrades – This will provide your cost to put a rental into service and Healthy Systems for Successful Real Estate Investors By Karen Cupp