On the cost of ownership template, create columns for:

Variables such as the estimated cost of immediate repairs, property taxes, property insurance, and the mortgage terms and interest rate vary from one prospective purchase to the next. The purchase price and down payment is only one part of the true cost of investing in a rental property. The free rental property financial management software from Stessa also automatically creates many of the reports below to help real estate investors maximize profits with real-time insights. These record keeping templates are easy to create on a basic spreadsheet such as Microsoft Excel, Apple Numbers, Google Sheets, or Apache OpenOffice Calc. A note section for additional comments or pending tasksĩ rental property record keeping templatesĮach of the 9 rental property record keeping templates below provides investors with a different “look” at the property before the acquisition, during the holding period, and when the rental property is eventually sold.Name or title of the rental property template, such as cash flow report.Date, such as quarter and year or fiscal period.The name of the rental property or LLC the property is held under.When a property is sold, providing a buyer with the correct due diligence documents goes much quicker and can help to avoid last-minute complications at the closing table.Įvery rental property template should include:

Setting up a rental property template correctly right from the start can save investors a lot of time and effort in the long run.īy staying organized from the beginning, it’s easier to keep track of which property belongs to what LLC (limited liability company) as more properties are added to a real estate portfolio.

A real estate balance sheet that is automatically updated provides investors with a better idea of the true amount of owner’s equity.

Common property record keeping templates used by real estate investors include projected cost of ownership, tenant rent roll, cash flow, rental property chart of accounts, and a real estate balance sheet.

Rental property templates are used by investors to manage real estate investments and track financial performance.

Here are 9 of the most important rental property record keeping templates that investors use throughout the entire investment cycle. Real estate investors use worksheets and record keeping templates to keep track of all of the moving parts in a rental property, from property analysis and purchasing, to tenant leasing and rental property financial performance, and much more.

The rent keeper book