The Easy Way To Manage Multiple Investment Properties
How do you manage multiple investment properties? How do you manage the cash flow? How do you work with your rental manager and accountant and what property software do you use if any?
0:00 – Introduction 0:27 – It’s actually super easy to manage multiple investment properties 0:45 – First, set up properties in the right way 2:01 – What if your property is negatively geared? 2:40 – Use your property manager to make your management easier 4:57 – Summary of the management of the finances 6:44 – The property software we Ben’s uses – Excel 8:48 – How do you store your receipts? 9:45 – You can do this monthly, or quarterly, or annually 10:16 – What do you do with extra money from positive cash flow properties? 10:52 – It’s super duper simple to do 11:21 – Do you need property management software? 13:23 – Set things up simple from the start, and trust (but keep track of) your advisors
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