How Often Do You Formally Monitor Your Investment Progress?

About the same - unless it's time for a new purchase or for a particular exercise.
Could be more often I guess.

 

I am the same as @Leo2413 and monitor CG more than cashflow. Our portfolio is cashflow positive and our portfolio LVR is low. Our living expenses are paid by the pension from our smsf.

Having said that, we do treat our IPs as a business and aim to maximise our property income and minimise our expenses. On the income side, we always try to increase our weekly rentals when leases come up for renewal and we check out websites such as www.realestate.com.au, www.domain.com.au, and www.rta.qld.gov.au plus we have conversations with our property managers, etc. With income, we are fully aware, it is not about how much you want per week, it is about how much you get each year.

 

Do you sit in the middle of the room in your underwear tossing all of the coins and notes in the air too?

 

Is there really any need for underwear

 

I normally do this whilst I am lying naked in the middle of my giant purple suede bed

 

@kierank - your posts are refreshing!

@monalisa and I have something similar.

During the Sydney boom, it was reviewed every week, if not every month

 

I did yesterday. I found some old tins with a whole load of florins, schillings, pennys, half pennys and pre decimal NZ coins, 1c, 2c, $1 and $2 notes, old english and german money, and others i have no idea where its from. Nothing of major value, but it was cool to find them. It was a coin collection given to my by my 90 yo grandfather about 30 years ago. There was also a 1911 engraved school sports medal. What was the question again?

 

Depends who else is in the room.

 

Infrequently. Although I recently did a budget and realised I make $200 a week less from investments than I need to live off. Currently trying to figure out how to nudge that number to zero.

 

Could be some valuable items from in there. Certainly some actual silver content. I'd do some research see if you have any rare years.

 

Apparently every year is a limited edition. That point made, in some years, they simply produced less coin so it is scarcer.

 

M

well they are not still minting these so yes all years are limited. But my point was some may be more rare ie more valuable.

 

Really good question Kay
1) I usually order 2 x full valuations with lenders - to get an idea from the bank prosecptive.
2) I work with agents who i trust and get a opinion from the agents.

Then what i do is add the banks value + agents value / 2 to get an average.

 

Hi @MTR,

What do you mean by "trade" property?

 

I review my active developments and cashflow daily/every other day. I plan to use Steve McKnights template for each IP quarterly. I'm working on a consolidated position spreadsheet that I would update quarterly or more regularly if required for finance.

If anyone has a consolidated spreadsheet they wouldn't mind sharing that would be great. Not interested in your figures but it may assist me in building mine. Thanks.

 

Purchase to modify, add value and sell.

 

Thanks @Xenia.
Is this the same as what's known as 'flipping'?

 

I use the word trading for anything that is not a buy and hold.
Ie if I purchase a property, renovate it and sell it I am not an investor, I am in the business of trading property for profit.

 

sorry, buying and selling, when I complete projects or selling developments OTP, for me its critical I understand what the market is doing.

 

Can you please link me to any info on Steve McKnight's template?