Face down your money fears and take control of your budget. Learn skills from basic tracking of finances for your business to investing and wealth building.
Use this Excel spreadsheet to record your activity. Automatically graphs!
Does tax time make you nervous? Your not alone. Many people stress-out at the thought of filing their taxes. And as an real estate agent, there might be additional concerns beyond the standard 1040EZ since you may also be operating as a business owner. It doesn't have to be that way. Learn how to take care of your money and escape the hand-wringing stress of tax time.
Get the picture of how your assets will stack up 5, 10, 20, even 30 years from now! With the Future Value Calculator, see how your mortgage balance, assets, (even assets that you are adding to each month) changes over time and how some planning now can result in big payoffs later.
NOTE: This worksheet is for illustrative purposes only and should not be used to predict future earnings or advise the user that such earnings are imminent. This tool is not meant to replace a financial planner. Mortgage amortization is for estimation purposes only and may not be reflective of user's actual mortgage or payback. The Lones Group is not responsible for decisions or assumptions made based on this document.
Tracking your money doesn't have to be boring! In this new and improved Money In Money Out sheet, you have the ability to set budgets for a variety of expense items. When you are overbudget the worksheet will automatically see that and indicate that you are overbudget. You can also track your income, and see where you truly wind up at the end of the month. You can create a new document for every month, or create one sheet per year and navigate through your months through tabs at the bottom.
Hate working with a budget? Try our Net Worth Analysis instead!
This is perhaps the most important question a real estate agent - or any business owner, for that matter - could possibly ask. Its significance stems from the fact that your marketing is the engine that drives your business. Without a power source to propel it onwards, your business will stall out and eventually stop completely.
If there's one thing I'm sure about when it comes to real estate agents, it's that we're a frugal lot. We don't like to spend money on anything. Part of this comes from a consumer culture that tells us to "Save... invest... then save some more."
If you're like most real estate agents, then you find it difficult to track the finite details of your business - your money, the results of your advertising, client retention, days on market numbers, list-to-sale price ratios. The list is truly endless. But, just like filing your income taxes, tracking is an essential task. Have you learned your lesson from last tax season?
Project not only rise in rent over time, but also expenses and also show change in equity with this handy worksheet!
**Added Cap Rate and Gross Rent Multiplier Feature 6/3/15
"Love this worksheet, used it already...Very easy to use and understand.
Thank you Shauna!"
Inevitably you will have clients who are thinking about renovating before selling or renovating after buying. Join Denise for a tour of terrible choices that your clients should avoid at all costs. Knowing where things can go wrong in renovations can save you and your clients a lot of money and headache!
This is the most accurate way to calculate appreciation in an area but finding individual appreciation rates can be a pain! However, take some of the pain of calculation out of the equation with this worksheet. One thing to note - if you are figuring appreciation over a period of time, try to look at solds that have sold recently to get the most accurate recent number.
This article will help you discuss the importance of timing when buying or selling, and will illustrate how supply and demand works in a real estate market.
Building financial awareness is a critical part of understanding your real estate business, measuring progress and meeting your goals. Join Denise for a discussion covering budgets, net worth, and the future value calculator.
You might have heard about the Future Value Calculator, but have you thought about how you can use it in your business with clients? From working with on-the-fence buyers to running move-up buyer scenarios, the Future Value Calculator can become the go-to tool in your real estate toolbox. Join Shauna Naf, Calculator Creator as she shares her ideas and know-how with you.
Whether you are considering a remodel for your own home or advising a buyer or seller, don't miss Denise's follow-up webinar with 10 more common mistakes. Be the hero whose planning and advice helps save both money and time with great renovation wisdom from experienced home-remodeling expert Denise Lones.
In this webinar we will be discussing how to take control of your financial affairs, net worth, the importance of a budget and money management tips for the real estate agent. We will also address the emotional side of money and how to overcome past financial failures. This is a great webinar for agents who want to understand the core elements of setting yourself up for financial success and the rules of mastering money!
In this Mastery Forum episode we'll be talking about investment personalities, how to identify your investment persona and how that defines what kinds of investments you will be comfortable with - specifically, different kinds of property investments! We'll be looking at residential rentals, multi-family rentals, vacation rentals, residential renovations and residential flipping.
This worksheet doesn't include the monthly detail that say, Denise's Money In Money Out sheet does, but if you want to track where you have been and where you want to go, this worksheet will do just that. And it includes automated graphs to boot!