Some basic instructions for doing the analysis are included below, but you should also consult your team (accountant, tax advisor, property manager, legal rep, etc.) before making real estate investment decisions. The numbers included in the spreadsheet or in the screenshot above are theoretical examples only and are provided only to help show you how to enter data. Always double-check calculations because you don't want to make an important financial decision only to find out later that you had accidentally overwritten or messed up one of the formulas.įor example, if you add more rows to the operating expenses, double check the formula used to total the expenses to make sure it is summing all of the expenses. This Excel spreadsheet makes things even more simple by providing a convenient way to calculate and compare results.Įdit the cells with the light blue background. Excel Property Management can help landlords to be compliant with Jersey's Fire Prevention Legislation with their Fire Precaution Equipment Testing and Servicing service: This service will perform weekly tests on all of your legally required fire precaution equipment, such as smoke alarms, and will arrange for periodic servicing of said equipment.The calculations for doing a rental property valuation and cash flow analysis are not very complex. If you own multiple flats in a block then it is likely that you will have, or are required to have by law, a Fire Certificate to ensure the safety and peace of mind of your tenants. Simply contact them direct or fill out the brief online form on the "switch" part of their website and they will take care of the rest. Excel are only focused on property management so you will not have to go through a switchboard to reach the right department or sometimes struggle to reach anyone. If you want to save your time, or money, then it could not be easier to switch to Excel Property Management, especially if you own a rented property that you either manage yourself or have an estate agent manage for you. Property management can be the most stressful part of letting, requiring constant care, diligence and organisation - Excel Property Management aim to give you complete peace of mind for a much lower cost than a high street estate agent. They will consult you only when needed and to help you keep on top of your legal responsibilities, leaving you to focus on what is important to you in your life. Tenants will have a 24/7 contact number and Excel will handle rent collection, disputes, arranging for maintenance by booking workmen, and anything else a landlord would reasonably and legally be required to do.Įxcel will take good care of the property and will keep you up to date with what they are doing. While letting a property for you Excel Property Management will work hard to make sure that both you and your tenants needs are being met. All the paperwork will be taken care of and you will be provided with a signed and bound tenancy/lease agreement & condition report so that you are legally compliant. Alternatively Excel can assist landlords in screening tenants themselves, if you would rather remain hands-on with this element of letting.
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