If you’re involved in real estate, you know that every single transaction you go into, from the seemingly insignificant notices of past due rent to transfer of titles for properties, need to be recorded, properly documented and filed. In some instances, these documents need to be created from scratch, but in most cases, for contracts or notices that contain very basic information, generic or standardized forms will suffice.

Those who secure the services of real estate agents need not concern themselves with the preparation of the requisite forms to complete a real estate transaction as these are usually included in an agent’s service package. However, for one reason or another, more and more people opt to conduct real estate businesses: from renting a room, to selling a home, on their own. For these individuals, securing the proper documents to formalize and legalize real estate transactions at a fairly reasonably price, is of utmost importance.

Recognizing the growing trend of individuals … Read the rest

Selling a piece of real estate property can be the best solution out of a series of different situations. If you are in need of a large amount of cash, for whatever reason, or if you no longer have any use for a house (say, you have inherited it), or for any other reason, it only makes sense that you look into the possibility of selling this property. Once you have decided that selling your home is the best solution to your problem, it is best that you approach this process carefully and diligently. Your house can be sold in a number of ways and to any of a number of potential buyers. However, there is always the question of having made a good deal, not to mention the frequent need to sell your property fast and for cash. If you want to avoid going through the hassles of selling your house, or if there is a host of factors … Read the rest

When it comes to real estate property you must know how to keep good records and managing your rental property at all times. If you purchase one property, you might be able to get by with stuffing receipts and cancelled checks, but if you own multiple properties, you’ll need a better way to organize your finances or you will lost a lot of accounting.

No matter how little money you earn through rental income, you need to keep track of it for tax purposes. If you have only a handful of rental properties, you could probably track your rental income using a computer program.

If you have dozens of properties, you’ll probably be better off hiring an accountant. An accountant can not only free your time but also advise you on the best way to save on taxes and keep track of rental expenses.

Create a rent roll, listing the name of each tenant, the amount of rent paid , … Read the rest