Hi
I just want to share some thoughts about organization. I have only two properties, but I`m on my way to getting some more. However, I see the need of being prepared and organized!!!!
I bought a file cabinet for the paper documents and split the drawers in categories and different colors for the folders following the instructions of REIN. It saves me a lot of time and it is easy to find documents when I need. It works really well!!!
Because we are in the digital era, I`m organizing my files in the computer. Because the lack of time I was saving everything under a folder called REIN and some major categories. Anyway, I was spending so much time looking for files that I decided to sit down NOW and spent time classifying all the documents to save me time in the future.
I would like to share the structure that I have created and maybe help some other people that are struggling with so many files like I was.
Real Estate
· 5 Year Plan
· Financial
o Financial Binder
o HELOC
o Income tax
o Mortgage info
· Forms
o Administrative
o Financial
o Offer
o Tenants
· Lawyer
· Marketing
· Property Address
o Advertisement
o Financial
ü Cash flow
ü Mortgage
o Comparables
ü Price
ü Rent
o Condo Property Management
o Lawyer
o Miscellaneous
o Offer
o Property Management (unit)
o Renovations
o Tenants
· Property Management
· Realtor
· REMA
· Research
I hope it helps
Luciana
I just want to share some thoughts about organization. I have only two properties, but I`m on my way to getting some more. However, I see the need of being prepared and organized!!!!
I bought a file cabinet for the paper documents and split the drawers in categories and different colors for the folders following the instructions of REIN. It saves me a lot of time and it is easy to find documents when I need. It works really well!!!
Because we are in the digital era, I`m organizing my files in the computer. Because the lack of time I was saving everything under a folder called REIN and some major categories. Anyway, I was spending so much time looking for files that I decided to sit down NOW and spent time classifying all the documents to save me time in the future.
I would like to share the structure that I have created and maybe help some other people that are struggling with so many files like I was.
Real Estate
· 5 Year Plan
· Financial
o Financial Binder
o HELOC
o Income tax
o Mortgage info
· Forms
o Administrative
o Financial
o Offer
o Tenants
· Lawyer
· Marketing
· Property Address
o Advertisement
o Financial
ü Cash flow
ü Mortgage
o Comparables
ü Price
ü Rent
o Condo Property Management
o Lawyer
o Miscellaneous
o Offer
o Property Management (unit)
o Renovations
o Tenants
· Property Management
· Realtor
· REMA
· Research
I hope it helps
Luciana
