If you are looking for a rental management system with the help of a rental tracking excel spreadsheet, then this article was written to provide you with some helpful information. Rental tracking excel spreadsheet allows a rental management company to keep track of their rental properties and the outstanding loans against them. All the information that is related to a property is saved in the form of an excel spreadsheet.
Here is a list of what rental properties can be tracked with an excel spreadsheet. This list is designed to make it easier for you to see what types of properties can be monitored.
What Properties Can Be Tracked With Rental Tracking Excel Spreadsheet?
* The phone number of the property. The tenant’s mobile phone number or the land line can be used. This way, if you ever need to contact the tenant, you will be able to search through the tenants’ phone records.
* The address of the property. A property address can be viewed in different ways. Some properties have only a street address, while others have an apartment number, a suite number, or a building number.
* The name of the tenant. When the tenant moves out, it’s very easy to update his/her record in the system. You can also update the record of the renter who is still staying in the property. All you need to do is input the new renter’s name into the system and all the relevant information from the other tenant will automatically be updated.
* The owner of the property. The owner can be updated easily through the system if it contains a contact number.
* The property type. The most commonly used property type is the three-number code.
* The renter’s contact details. This is a phone number of the renter who has been paying his/her rent on time and also pays his/her share of taxes and insurance.
* The property’s late payments. There are records for late payments that are just as important as late payments for one-time renters. Therefore, it’s crucial that you keep track of all such late payments.
* The estimated time for the late payment. Most rental properties are usually paid in full on the first of the month, but sometimes, there is no such guarantee. Therefore, a tracking system can be used to give you a sense of when the payments will be paid in full.
* The lease terms. All lease terms must be kept and updated every year. The tracking system can allow you to get the complete list of all lease terms that are being followed for each property.
If you are the property managers or a real estate agent, you can use an excel spreadsheet to manage your rentals as well. All you need to do is get an excel workbook that includes a property tracking system, add it to your business applications, and then track your properties in real time. READ ALSO : rental spreadsheet for property managers
