When narrowing your list of prospective properties, it’s important to understand the purchase price of a property isn’t the total amount you’ll pay to become the owner. But at the time of purchase, you need to be as informed as possible to shield yourself from a poor investment decision 3. Factors beyond your control will come into play once you own the property (such as economic downturns or weather damage). Real estate isn’t typically easy to liquidate, so you need to be prepared to own this property for the long haul. Why is the list price so different from the tax assessed value? Are the assessments in the area generally high, or is the owner trying to liquidate the property quickly?.Why are the property tax rates so different? Is the owner of one of the properties receiving a special tax rate that you could take advantage of?.Why is the price per square foot so low or so high?.list price.įor single-family homes, this data is easy to find on a real estate site like Zillow for a commercial property, you’ll want to talk to the real estate agency selling the property.Īggregating your data in a rental property spreadsheet immediately raises a variety of questions that will inform your decision regarding which property to purchase: Choosing a PropertyĮvery property is inherently unique consequently, you need data that enables an apples-to-apples comparison, such as price per square foot and tax assessed value vs. To increase your chances of having the property rented at all times, you’ll want to consider factors important to renters, such as the local economy and school district quality. Shopping for Rental PropertyĪfter you’ve made the decision to invest in real estate, you must decide on a location. Therefore, you can also analyze the whole story.Use the simple rental property worksheet to spark ideas for your own ultimate rental property spreadsheet. So with those filters, you can display the data you want in graphs and make efficient use of the rental income expenses excel file.Īs a reminder, All filters in the Dashboard have an “All” option. This section has 3 filters: property, month, and year. By selecting the property and expense category from the drop-down lists, you can enter the information for the month.ĭashboard of Rental Property Excel Template:įinally, you can track your income and expenses from the Dashboard section. Moreover, this is a database where expenses are entered in the Rental Income Expenses Excel Template. Calculations will not take these figures into account. Note: If the income category you entered is not in the list, a red warning will appear. Simply use the top navigation buttons to navigate to the appropriate year. Also, it is possible to enter data for up to 10 years. So, by selecting the property and income category from the drop-down lists, enter the income for the relevant month.īesides, each year has 100 rows in this section. In addition, the income section is a database where revenue is recorded in this Excel Template. So, in this section, you can fill in the following fields: Property Name, Tenant Name, Contact Information, Initial Rent and Last Rent Price, Contract Starting Date and End Date, Bank Account, and so on. Tenant records mean all information, including financial, maintenance, and other records about a tenant or prospective tenant. Moreover, you can use filters for a more detailed view. You can add some additional info as well. Property Database:īasically, you will list all your properties here. Besides that, you can change the start year and month on this menu. ![]() Also, fill in the drop-down lists to be used in other parts of the template from the bottom. Please pay attention to using buttons in the correct order. Thus, you can easily adjust the template according to your particular needs. Secondly, you will also find Settings for the rental income and expense template here. To clarify, these buttons will show you the way through the template. The main parts of the Excel template are as follows:įirstly, use the buttons at the top to navigate to the relevant pages in this template. This template basically helps you to keep track of properties and perform financial analyses. Rental Income and Expenses Excel Template Features: So you only need to download, open it, and enter your data to improve your financial game.Īll is for you to properly track your rental property income and expenses. ![]() So, here’s a Rental Income and Expenses Excel Template just for you.įirst of all, our landlord’s template in Excel is easily accessible and customizable. ![]() Or, you simply need an easy and fast method to calculate your property income tax. You’re a landlord or real estate agent, and want to track all your income and expense sources in one place.
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