Excel Model: Real Estate Bookkeeping

Titolo: Real Estate Bookkeeping

 Descrizione:

 

This spreadsheet is designed to manage and track the financial transactions related to real estate properties. It includes sections for property information, income, expenses, and a summary of the financial performance of each property.

 

  • Property Information: Enter details about each property, including property code, name, and address.
  • Category: Defines various categories of transactions such as rental income, mortgage payment, property taxes, insurance premiums, repairs and maintenance, utilities, property management fees, advertising/marketing, legal and professional fees, and other expenses.
  • Real Estate Bookkeeping: Record detailed transactions for each property, including transaction date, property code, property name, category, amount, charge type (income or expenses), and net income.

Advice/Tips:
  • Property Information:
    • Ensure all property details are entered accurately.

  • Category:
    • Use the predefined categories for consistent tracking of transactions.

  • Real Estate Bookkeeping:
    • Record each transaction accurately to maintain precise financial records.
    • Regularly update the transactions to reflect the current financial status of each property.

Fonte: Custom Calculator

Click the following icon to open the full workbook viewer in a new tab, allowing you to easily edit and save.

Click the following icon to download the spreadsheet, allowing you to save the file on your computer along with edits.

Example of using calculator:

Detailed example of using Spreadsheet: Tasks for user to complete:

 

  1. Property Information Section:
    • Enter the details for each property, including property code, name, and address.
      • Example values: Property Code – PPC-001, Property Name – Park Place Apartments, Address – 123 Main St, City, State.

  2. Category:
    • Use predefined categories to classify transactions.
      • Example values: Rental Income, Mortgage Payment, Property Taxes.

  3. Real Estate Bookkeeping:
    • Record transactions for each property, including transaction date, property code, property name, category, amount, and charge type.
      • Example values:
        • Transaction Date: 06-01-50
        • Property Code: PPC-001
        • Property Name: Park Place Apartments
        • Category: Rental Income
        • Amount: $5,000
        • Charge Type: Income
        • Net Income: $5,000

Why is interactive calculator useful:

This spreadsheet consolidates all financial transactions related to real estate properties in one place, making it easier to monitor and analyze the financial performance of each property. By providing a clear view of income, expenses, and net income, it helps users make informed decisions to optimize property management and financial strategies.

Fonte: Custom Spreadsheet

Conclusione:

 The Real Estate Bookkeeping spreadsheet is an essential tool for managing and understanding the financial transactions related to real estate properties. By providing a detailed and organized approach to recording and analyzing property data, it helps users achieve financial stability and make informed decisions about their property management strategy. Regular updates and reviews ensure that the property management strategy remains aligned with financial goals and operational requirements.

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