澳洲Australia property Keeping track of investment costs | Sydne
在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo
Can someone help me out with a spread sheet or template that they use to keep track of all costs for each investment and living costs - to keep track of budgets.
Or can you share with me your technique of keeping track of your own budgets and portfolio's
I am more along of each property address, (that can be land blocks and resi dwellings) 'each have their own folder'. I have an office with a few filing cabinets and use those to store all the in's and out's.
Some of the property managers I use do up end of year financial statements, as in a 'report' they like to use a software program, I don't..I keep an eye on all what happens anyway, I manage the managers in that sense, and hard copy of the in's and out's are in each folder. I have both hard copy rental income statements and electronic.
My IP portfolio is not negative geared also.
My accountants also have electronic and hard copies of all my 'stuff'.
At any given time I can just go to 'whatever' IP address and lay my hands on whatever I want re/ that property, in regard to income it produces, or expenses.
I have no desire to log data into any software program, it doesn't interest me.
I did come close to getting though:
Property Investment Analysis Software
It is the closest thing and time I ever came close to being 'involved' in using software, and I still may...never say never. I just kinda enjoy other aspects of investing, building wealth, not budgets...My 'Obsession' rule is that my investing adds to my wealth and makes money from day one.
I'm not sure my (personal) outlook and experiences are any assistance to you though.
Easy just use excel spreadsheet and on left side put down expences at the top have your income and put months across and calculate each month
Do this with every ip and on the bottom do a total of all the ips this will give you how much you are losing or making
I've devised a basic spreadsheet to track my IP expenses for each property. It does the trick for me - feel free to PM/email and I'll send it to you.
Get your property manager to pay ALL of your outgoings - this made a big difference to my EOFY stress levels.
Then all you need to worry about is your personal stuff and refer back to the last financial year to get the figures for your IP stuff. Then you can update it on a spreadsheet with a simple formula putting in rental / interest rate increases etc.