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It also makes data manipulation much simpler, allowing you to write in your own functions and create graphs and charts to demonstrate trends. Excel makes it easy for landlords to stay on top of their daily finances for their property, while keeping an eye on the long-term value of their investment. Benefits of Excel Property Management TemplateĮxcel is a powerful tool and seems to have endless functionality, with many features used only by “power users.” It works well for generating forecasts, using previous data to predict future results.
#Free excel download payment spreadsheet software
We understand that you may not be ready for software to automate the process, so we included a tracking sheet at the bottom of this post to get you started. Financials - tracking financials, from rent collection to tax information.Maintenance Requests - maintenance and repairs submitted by your tenants, the current status of each request, and the next steps.Service Professionals - your local support to help maintain the condition of the rentals.Tenants & Leases - the current residents who are living in your rental properties and high level lease term.Prospective Tenants - tenants who are interested in your rentals, from leads to applicants.Property Marketing - the description that sells the property, the features and amenities, the beautiful photographs, and other listing information.From a high level, the information to keep on record includes: The same process is required for one to 100 rental properties.
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Tracking the day-to-day operations is crucial to understand your financial health and to avoid lawsuits. Most importantly, this article includes a free, downloadable Excel and Google Sheets document for your rental property management. This article discusses the benefits, but also the limitations, of using Excel for your rental management. Google Sheets has also gained popularity in recent years. Excel is a preferred choice, because of its ubiquity, flexibility, and agility to add information. A spreadsheet organize the day-to-day rental operations.