Hi Guys,
Reading the Somersoft forum I can find mixed responses to how people manage their investment properties, I hope you don't mind sharing your thoughts about how you generally do it of prefer somebody else doing it for you.
It can be your Property Manager, DIY software such as Posh, MYOB, Quicken, Excel Spreadsheet or even just manila folders.
Cheers.
Tom
A mixture.
We manage some, some others, which are considerable distance away are managed for us.
Our filing system?
No MYOB or Quicken....I do have many talents and much beauty but therein is my achilles heel...( any organiasing/systems or order). I am more the chaos type girl. Which proves, it is possible to be Ms Fruity Tuity-kaftan dancing and still invest successfully.
The filing system, as per Mr OO who is Mr Logical 2010, has me two filing cabinents, files with each IP's address on it, and all pertaining goes into the file. Other files for appropriate "whatever".
Our accountants are pleased and happy with what we drop off (at tax time) to them, they like our system.
As the "Ins" come in, they are either paid and filed, (30 seconds), or dealt with and filed, or just filed.
All time up, sweet buggar all. Not unpleasant, music gets loaded onto cd player and it's fun.
Simple enough for my brain.