Property Evaluation Schedule

Property Evaluation Schedule

Purchase, Remodel and ROI Spreadsheet

By request we’ll be continuing our Back Office Series. The last couple of weeks we’ve reviewed some time-task management tools, filing, backups and spreadsheets.

Tuesday let’s take an in depth look at GEE’s Property Evaluation Schedule (PES). Frustrated at trying to remember to evaluate dozens of aspects that could impact the remodel budget and therefore the bottom line, I created the PES spreadsheet to track the following:

  • Property Details: List price, days on market, beds/baths, size, amenities, average comps & rents…
  • Remodeling Requirements: Everything from the condition of the front and back yard, fences, sprinklers and pools to roof, windows, HVAC and insulation.  Tile, counter tops, floor coverings and paint.  Plumbing, electrical, fixtures and appliances…
  • Getting Started Costs: Purchase price based on various financing options, closing costs, Phase 1 remodel budget estimate.
  • Renting and leasing: Expected rent proceeds. Vacancy, and maintenance, taxes and insurance costs. Loan payments and property management fees (if any). Net rent return.
  • Return on Investment (ROI): Total investment costs and returns based on various financing options..

If anyone has a property they would like us to evaluate or other question let me know.  We’ll either do some live (will need to answers most of the PES questions – click here to view or download sample) or create one from a past inspection.

See you Tuesday 6PM, (PDT) Rob Pennington

Download Sample Property Evaluation Schedule

Microsoft Excel or Mac Numbers.

To download this Webex presentation click here. To watch this audio/video presentation you’ll need to install the FREE Webex .ARF Player for either Windows or Mac.

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