The Midyear Portfolio Review Every Rental Property Investor Should Perform

I lost $40,000 on a flip once because I stopped opening my own spreadsheet. I built that file myself. Then I closed it, and the deal decided what it was going to be without me. The numbers were telling the story the whole time. A midyear review is not just for your boss coming in to act like “casual Fridays” was their idea. It is opening that same file back up while there is still time to change the ending. Every summer, I go property by property. It takes one Saturday, and it is the highest-paid Saturday of my year. Looking for a second opinion? The great team at Mynd is offering complimentary midyear portfolio reviews for rental property investors. Their team will review your portfolio’s performance, upcoming lease renewals, local rental market conditions, and operating strategy to help identify opportunities to improve returns before year-end. 1. Compare Performance Against Your Original Investment Plan Most people compare this year to last year. The right benchmark is the underwriting you did the day you bought the thing. Pull that document up. Yes, you should know where it is and not be scrambling to make sure your child didn’t throw it in the trash (or is that just me?). Get ...