| GETTING THE MOST FOR THE LEASE-TRACKING
| |
| | handheld
|
| YOUR REAL ESTATEIf you own rentals and/or
| |
| | and transmitting them to your lockbox
|
| investment properties, you know that you
| |
| | when you arrive at the
|
| have to keep track of your portfolio,
| |
| | location.Messaging: Associations and
|
| maintenance profiles, property managers,
| |
| | brokers now have a way to quickly and
|
| and related financial matters. There are
| |
| | easily
|
| a multitude of programs for the
| |
| | communicate with their agents through a
|
| Palm-Pilot system to keep up with lease
| |
| | tool the agent uses on a daily
|
| dates, lease expirations, and rent due
| |
| | basis. Need to change the date or time
|
| dates. They will let you know when to
| |
| | of a meeting and get the word out
|
| send late notices and how much the late
| |
| | quickly? Messages appear on-screen.
|
| fees are for each rental you have in your
| |
| | Basically, SMS, which stands for (small
|
| list. Most of these programs will also
| |
| | message service).If you were driving
|
| alert you when you have a lease that will
| |
| | through a neighborhood and found the
|
| expire within the next two months, this
| |
| | perfect home for
|
| allows you to prepare a new lease
| |
| | your client or yourself, wouldn't it be
|
| contract or plan the repairs and
| |
| | nice to punch in some numbers and
|
| marketing for the unit. They'll even give
| |
| | have all the information for the
|
| you yearly totals spent on property
| |
| | property in the palm of your hand? And
|
| management fees and maintenance fees, and
| |
| | you
|
| bounce those amounts against your rents
| |
| | might possibly be able to obtain the
|
| collected. This will give you an idea of
| |
| | lockbox codes right on the spot, and
|
| how the property is performing. Some will
| |
| | view the property that minute. This is
|
| even "conduit" to your computer when you
| |
| | called productivity, either get in
|
| HotSync, which allows you to create Excel
| |
| | it, or get ran over by it!You can search
|
| spreadsheets for the data produced.These
| |
| | your own listings by any of the following
|
| programs will also store information
| |
| | fields: area,
|
| associated with each individual property,
| |
| | price, class, status, bedrooms,
|
| such as who the handyman is for that
| |
| | bathrooms, and up to three additional
|
| property, warranty company contact
| |
| | customizable fields that you can set to
|
| information, insurance information, and
| |
| | what ever you like or think is
|
| tenant contact information. Most programs
| |
| | important.There are many other services
|
| out there will allow you to log and track
| |
| | out there that will assist you in being
|
| the Gross Scheduled Income (GSI), Gross
| |
| | one of
|
| Operating Income (GSO), Net Operating
| |
| | the Top sellers in your area. One
|
| Income (NOI) and Cap Rates for each
| |
| | service from will SMS
|
| property in your portfolio.A few programs
| |
| | text page comparisons to you when prices
|
| that you might try, you'll have to figure
| |
| | rise or fall in your farm area. It
|
| out which one is best for your current
| |
| | used to be free, but now they charge a
|
| situation. There are many more, just
| |
| | few dollars a month to monitor
|
| search around on and you should be able
| |
| | certain areas. This service is also nice
|
| to find exactly what you need for your
| |
| | if you own property and would like
|
| own rental and leasing situation:Rental
| |
| | to know when to either refinance the
|
| Manager 2.16. This program is great for
| |
| | property or maybe it's time to sale
|
| vacation rentals! Keeping up with
| |
| | that property. Real Estate prices
|
| availability, accounts receivable,
| |
| | usually don't move very fast unless we're
|
| reservations, reservations not confirmed,
| |
| | in a crash of some kind, and then of
|
| and dates of expiration.Rentulator 1.01.
| |
| | course, their moving down rapidly. But
|
| Is a free program that allows you to
| |
| | it's still nice to know what your
|
| enter the price of the house or condo and
| |
| | properties are doing without having to
|
| the percent you would like to earn, and
| |
| | research all of them each and every
|
| the program will calculate the rent you
| |
| | month. This way you get the reports, and
|
| would need to collect for that situation.
| |
| | you can either go on with life, or look
|
| You will need to calculate total debt
| |
| | closer at the numbers for a
|
| service and other factors before punching
| |
| | particular property and take whatever
|
| them in, but the program will tell you
| |
| | action you should.CALCULATING YOUR
|
| what you need with the correct amounts
| |
| | POTENTIAL CASH FLOWWhen I go out to
|
| plugged in.LANDLORDINGMost properties in
| |
| | inspect potential real estate
|
| my portfolio I have property managers
| |
| | investments, I enter all the notes for
|
| that collect rent and inspect the units.
| |
| | that particular property under that
|
| On those properties that I manage myself,
| |
| | property's name and address. Later at the
|
| when a tenant calls with a problem, all I
| |
| | hotel or on the spot, I can run the
|
| have to do is decide whether it requires
| |
| | numbers with my HP-12C calculator (see
|
| the warranty company, just a quick fix by
| |
| | below), and know if I'm looking at a
|
| a handyman, or if I'm in the area, I
| |
| | positive or negative cash flow. Of
|
| might just run by and take care of it
| |
| | course, you will want to take in the
|
| myself. All the information is right in
| |
| | consideration of the potential
|
| front of me, regardless of where I am at
| |
| | appreciation for that area. Some negative
|
| the time of the call.
| |
| | cash flows are worth having if you will
|
| From experience, I can predict that
| |
| | make your gain in appreciation. Sometimes
|
| whenever my tenants call, I won't be
| |
| | a small negative can be welcome in the
|
| anywhere near my PC or file cabinet!
| |
| | face of a large appreciation factor for
|
| Fortunately, with your Smartphone, you
| |
| | an area. When I get back home, there is
|
| won't ever have to go to your office to
| |
| | no confusion about which property had
|
| access your files again. Sounds nice,
| |
| | what features and cash flow. Another
|
| huh?Have all your important files with
| |
| | program that helps you compare properties
|
| you 24/7, 365 a year!REAL ESTATE
| |
| | is TriLoan, (see below), to see which
|
| AGENTSSome of these programs will track
| |
| | property is the best investment. This
|
| every aspect of the business of real
| |
| | program allows you to set four different
|
| estate. Realtors and brokers can track
| |
| | loans or properties side-by-side for easy
|
| their listings and when they expire
| |
| | comparison. All in the palm of your
|
| and even search the entire MLS (Multiple
| |
| | hand.REAL ESTATE CALCULATIONSKK-12C, by
|
| Listing Service) anytime -
| |
| | KK Technologies Co., Ltd., is a great
|
| anywhere. The program will remember
| |
| | program that emulates the HP-12C
|
| lockbox codes and cross-reference them
| |
| | calculator. It even looks like the
|
| to the address and location of the
| |
| | calculator on the Palm screen. If you are
|
| property.You can also track real estate
| |
| | currently using the HP-12C, then you
|
| commissions, both gross and net. You can
| |
| | won't need to learn anything about this
|
| even
| |
| | program; you'll already know how to
|
| set goals for closing a certain number
| |
| | operate it.
|
| of sales per month, which you can
| |
| | The HP-12C is one of the most popular
|
| then compare to your actual closings at
| |
| | RPN (Reverse Polish Notation) financial
|
| the end of each month. Export these
| |
| | calculators ever made - it's been out for
|
| files to your favorite spreadsheet to
| |
| | a long time and is still popular mainly
|
| print monthly and yearly charts of
| |
| | in the Real Estate arena. I like the fact
|
| your progression.Now for a program that
| |
| | that I always have it with me wherever I
|
| carries a monthly fee. Supra and eKey.
| |
| | go. There are quite a few options on the
|
| Found at:
| |
| | KK-12C that the normal calculator doesn't
|
| you are a state licensed practicing
| |
| | offer. One nice feature is that all
|
| Real Estate Agent, you can subscribe
| |
| | registers can be saved at any time with
|
| to a service that will give you access
| |
| | unlimited sessions. This is nice for
|
| to your listings and the entire MLS.
| |
| | viewing later.THREE OUT OF FOUR
|
| This software allows your Smartphone to
| |
| | LOANSTriLoan, by John Coogan, can be
|
| act as an electronic Key to give you
| |
| | found at This program allows you to
|
| access to Supra Keyboxes placed on
| |
| | compare up to four loans at the same
|
| listings. If the Keybox is the electronic
| |
| | time. All you have to do is enter the
|
| iBox type, you can open the Keybox just
| |
| | loan amount, terms and rate, and the
|
| by aiming your Smartphones IR
| |
| | program does the rest.If you're looking
|
| (infrared) port at the Keybox and
| |
| | at more than one property or loan, you
|
| tapping the send button.The software
| |
| | can compare up to four on your Palm-Pilot
|
| expires at the end of each day, to update
| |
| | screen. This is great for field
|
| the software you must
| |
| | work-there's no need to write the figures
|
| either HotSync or eSync your Smartphone
| |
| | down and not know if any of them are even
|
| or tap on update in the menu, which
| |
| | a good deal until you can get to a PC.The
|
| allows your Smartphone to go online
| |
| | program allows you to save all properties
|
| using its' wireless connection and it
| |
| | under the name you give them, and look at
|
| will update the software. The default
| |
| | where you are in the amortization table
|
| will automatically log on between 12am
| |
| | at any time. There are over 200 other
|
| and 6am and update your key for you. It
| |
| | options to calculate your investments
|
| automatically updates each night and
| |
| | down to the penny. These include viewing
|
| tells you who has shown the listing;
| |
| | your equity, loan-to-value, expected
|
| date, time, name, office name and phone
| |
| | rent, payoff, net operating income, cash
|
| number. (If you are in a location that
| |
| | flow and more.
|
| doesn't have a digital cellular
| |
| | Both of the above programs can be used
|
| signal, the software will attempt to
| |
| | for any loan calculations, I'm just
|
| find a connection every 30 minutes
| |
| | giving examples on mortgage loans.Find
|
| until it updates itself. You get the
| |
| | anything in your portfolio in seconds,
|
| information you need delivered to you
| |
| | anywhere - anytime, send an email with
|
| without having to drive to the listing
| |
| | "ebook" in the subject to receive a free
|
| to collect business cards). By the
| |
| | version of the ebook at: Robert Lett.
|
| time you wake up, all codes, lockbox
| |
| | April 2005Robert Lett
|
| activity, and your MLS will be updated.
| |
| | me ask you a question: How much is your
|
| You will know how many other agents
| |
| | computer worth when you or your employees
|
| accessed and showed any of your
| |
| | are sitting in front of it? Now, how much
|
| properties that you have listed. If
| |
| | is that same computer worth when you or
|
| someone at the office added a listing to
| |
| | your employees aren't sitting in front of
|
| your MLS, it will now show up on your
| |
| | it?When you're out of the office and that
|
| Smartphone.Some of the old lockboxes
| |
| | potiential client calls, do you have to
|
| require metal contacts to be slid into
| |
| | tell them that you will get in touch with
|
| the shackle
| |
| | them when you return to the office? Is
|
| to open the lockbox, AEII type. On these
| |
| | that potiential client calling your
|
| older units, the "supra unit" is
| |
| | competition in the mean time to see if
|
| needed, because the unit has the metal
| |
| | they get a better response? What if you
|
| contact key built into the case of
| |
| | could have all your important files with
|
| the unit. You just insert your eKey
| |
| | you 24 hours a day, 7 days a week?
|
| shell of the PDA into an AEII type
| |
| | Hanging on your belt or sitting in your
|
| Keybox. Or for the newer Keyboxes, the
| |
| | purse, and it wouldn't weigh too much
|
| iBox type, just point your Smartphone
| |
| | more than the cell phone you are
|
| at the iBox and hit the button. Always
| |
| | currently carrying.Order now at the
|
| remember, iBoxes relock after 30
| |
| | discounted price for reading this article
|
| seconds!You can easily change your own
| |
| | at a free copy of our ebook, email a
|
| iBox codes by changing them on your
| |
| | blank email to: Want more information?
|
