Properties

How Do I Add Multiple Units Instead of Properties?

By default, Rentastic recommends that you add properties as a whole, as opposed to individual units. For example, if you’re adding a triplex to Rentastic, all three units will count as one property, rather than three individual properties (one for each unit). We realize that many people want to see the performance of their individual […]

How Should I Handle the Sale of a Property in Rentastic?

If you’ve sold a property, you will still use Rentastic as you previously would to track and manage all of your expenses. Once the property has officially sold, you can do one of two things: 1. Add a manual transaction, classify it as “Income”, and enter in the dollar amount that correlates to the proceeds […]

How Can I Change the Order that Properties are Sorted?

From the Properties page, in the upper right-hand corner, there’s a dropdown selector that allows you to change the order that properties are sorted. Using this dropdown, you can sort by Date the property was added, the Market Value, or the remaining Principal Balance of the property. Note: Changing this dropdown will also change the […]

What is the 1% Rule?

The 1% Rule is a “back of the napkin” type calculation for real estate investors to quickly analyze a property on the go. The 1% Rule states that for an investment property to be profitable, it should rent for at least 1% of its purchase price. For example, that means that if we were purchase […]

What is ‘Cash-on-Cash Return’?

Cash-on-Cash Return is a metric used by real estate investors to show the rate of return of a given property, compared to the initial capital investment required to purchase it. This includes down payment, closing costs, and any rehab/repairs required. To calculate the cash-on-cash return, we use the following formula: Cash-on-Cash Return = Annual Net […]

What is Net CFPU?

CFPU (Cash Flow Per Unit) is another performance metric used by real estate investors to gauge the profitability of a specific investment. CFPU is based off a rolling 12-month period. If your data looks lower (or higher) than expected, and you haven’t yet been tracking a property through Rentastic for a full year, be patient […]

Why Does My ‘Zestimate’ Show $0?

If your ‘Zestimate’ is showing as $0, there are two likely reasons: Zillow doesn’t currently have any data on your property Your property address doesn’t exist

What is ‘NOI’?

NOI (short for Net Operating Income) is a metric used by real estate investors to analyze the profitability of a given property. NOI is calculated on before-tax income. NOI is very easy to calculate. It’s simply the income generated by the property, minus all reasonable expenses (excluding financing and capital expenditures). Also see: Why does […]

What is ‘Cap Rate’?

The ‘Cap Rate’ (short for Capitalization Rate) is a metric used by real estate investors to show the rate of return a given property is expected to earn. This value is generated based off the net income a property generates. To calculate the cap rate of a given property, we use the following formula: Capitalization […]

Why archive a property?

Archiving a property allows you to “hide” a property for day-to-day use, without actually deleting the property entirely. For example, you may have sold a property at the beginning of the year. Prior to selling the property, you had a few repairs, as well as closing costs that you had to pay as part of […]

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