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Microsoft Excel enables users to identify trends and organize and sort data into meaningful categories. Excel also performs Human Resources functions, such as sorting worked hours and organizing employee profiles and expenses, which help businesses better understand the structure and activities of their workforce.

Functions of a Property Manager The property manager has a dual responsibility: to the owner or client who is interested in the highest return from the property; and to the tenants, who are interested in the best value for their money, including reasonable safety measures and compliance with fair housing laws.

Four decades later and Microsoft Excel is still the primary tool for many property managers for: basic accounting functions. its ability to track rental income, expenses, budgets etc. manage the billing and reconciliation of CAM expenses.

Financial due diligence involves the creation of a proforma and the analysis of the resulting cash flows. To complete a proforma, the most useful tool is Microsoft Excel, which has powerful analysis features that can be used to analyze private real estate cash flows.

There are a number of online software programs a real estate investor can use to track rental property expenses. Some examples include a basic Excel spreadsheet from Zillow, personal and business accounting software programs like Quicken and TurboTax, and property management systems such as Cozy and TenantCloud.

Good property management software can help you attract, screen, and manage tenants, respond to their maintenance requests, and account for all of the expenses and revenue that entails.

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