Hello DG Members,
In the past few weeks, I have received a few questions about how we track properties. Thus, I came up with a system that may help you because I found that it has helped me. I went to the local office supplies store - Staples and I purchased a 3 ring binder and a large package of 8 1/2 x 11 plastic top loading sleeves. I also found smaller plastic sleeves that fit business cards.
In the past few weeks, I have looked at, thought about and kept on my radar several properties. Thus, I had to come up with a basic system to help me track these properties and keep the information clear. Whenever I have an interest in the property I get a listing sheet. I keep my notes on the back from anything and everything I find out about the property, the real estate agent, etc. When I get a real estate agents business card, I also file it, but I put a date on the card and the property that agent helped me with. This is to benefit me if I call them in the future to talk about another property, if I reference the other property in my communication, it sometimes may get a quicker returned call.
Also these business cards can be golden information if you get the real estate agent's cell number. I often see properties hit the new listings on the weekend and I want to reach the real estate agent as quickly as I can. Thus, the cell number and/or email address is great to have especially if it is not listed on-line and their office is closed.
I hope this helps, it has helped me stay organized and keep my properties clear on my radar. Good luck on all your deals. Believe and Achieve! - Joe
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Joe Jurek CPA