Good Spreadsheet for Tracking Rental Properties?

[Christopher Gray]

I'm looking for a good Excel spreadsheet for tracking income and expenses on Excel for my rental propeties, but I'm striking out and I don't have the patience to create one myself!  Does anyone have a good template they could email me, that I preferably don't have to sell my arm, leg and first born for?  I've seen some templates for sale online, but lets be honest, who really wants to PAY for a freaking spreadsheet!?  

I would certainly appreciate the help!  This past tax season, my accountant was NOT pleased with the sorry excuse for a workbook that I had!

Thanks in advance!

[Joe Martella]

This is from an earlier post I made. I hope this helps. I have used TurboTenant successfully 4 times now.

I currently manage 4 SFH rentals in addition to having a very demanding full time job. There are many free resources out there for smaller investors. I am going to list them:

• TurboTenant
  • It is completely free to advertise your rental, screen your tenants.
  • You upload your pictures, write a description and it posts to 20+ websites for free
  • Takes about 24-48 hours for leads to come in.
  • Once you select a tenant, they pay for the background check, upload documents (paystubs, ID, W2) and it is all set to you.
  • It even helps you build a lease after you select a tenant (there is a $30+ fee for the lease)
  • My referral code .disclosure. I do not get any money from TurboTenant, nor am I an owner or investor in the company.
  • They have a referral program where they will send me a $25 home depot gift card for a referral - you don't have to use the referral code
  • I also use them for rent collection now since they do free credit reporting for tenants

• Stessa
  • Stessa is a website that I use to track all my expenses.
  • It is another free site and you can pull reports
  • You even can upload receipts.
  • Roofstock recently purchased Stessa
  • Completely free

• Zillow Rental Manager
  • I use this to collect rent.
  • Free for the landlord
  • Tenant only pays a fee if they use a credit card to pay rent. ACH is free
  • Takes about 5-7 days for the funds to hit your bank account
• Excel
  • I use an excel spreadsheet to track my check register. You can download a free template online

Other free websites I haven't used.

• Avail.co
• • This is another free website that I learned about this week listening to a podcast (may have been a BP podcast). I haven't used it and cannot speak to it.

• Zibo.com
  • This is another free website where you can collect rent electronically and have an interest checking account.
  • I am still looking at this, because not all my tenants pay electronically. 2 like to mail checks. I haven't looked at how to deposit those - I don't like mobile deposits.

There are many free resources to use before you start paying for services. Out of my 4 rentals, I have placed 2 tenants with TurboTenant - one tenant is on year 3 and the other tenant is on year 2. I listed the properties, took some pictures (they weren't the greatest pictures) and had it rented in a week. I was able to recycle the leases upon renewal and didn't pay any commissions for the rental, which is a savings of over $4,000 if you consider the rental commission to be 1 month rent. I highly recommend it.

Here are some threads you may want to take a read of:

https://www.biggerpockets.com/...

https://www.biggerpockets.com/...