Accounts

Default Cash Account

The  Default Cash Account is a special  Account in the Real Estate Financial Planner™ software. Some fun facts: It can never be deleted. So, it always counts as one of your  Accounts on your plan. This is true even though many people hope to never use it. More on that in a bit. It is automatically included with every  Scenario you create and run. It always earns a return of 0%. It is the only  Account that can have a negative balance. You can use it just like any other  Account to add or subtract money from. But, why? The … Read more

How to Link an Account to a Rule

Most of the Rules you will use in the Real Estate Financial Planner™ will be linked to an Account. If you do not specify an Account the Rule will be setup to use the Default Cash Account*. In the post below we will review how to switch the Account. Change the Account Open the Rule by clicking on its title or the button as shown below. You can do this from the Rules page or from the Rules section of a Scenario. Once the Rule is open find the field which asks you to specify an Account. You can see … Read more

How to Link an Account to a Property

All Properties in your Real Estate Financial Planner™ need you to specify which Account you want the down payment and closing costs to be withdrawn from and which Account to use for income and recurring expenses such as rent or mortgage payments. If you do not specify an Account the Property will be setup to use the Default Cash Account* for both of these. Change the Account To change the Account a Property is linked to go to the Properties page and click on the title of the Property you’d like to edit. Or you can click the button as … Read more

How to Create a Copy of an Account

If you want to make changes to an Account without creating one from scratch you can make a copy of that Account. Go To The Accounts Page The Accounts page displays all the Accounts in your Planner™. To make a copy click on the button. The Account will open automatically and you can make changes to it. Then hit the Save button. Once the Account is setup you will need to add it to all appropriate Scenarios, Properties, Rules, and Goals. How To Add An Account to a Scenario How to Link An Account to a Property How to Link … Read more

How to Remove an Account from a Scenario

Remove Account from Scenario

In this section we will go over how to remove an Account from a Scenario. Login First, log in to your Real Estate Financial Planner™. Go To The Scenarios Page Once you log in, navigate to the Scenarios page. Hover over or click Planner™ on the menu across the top to expose the drop down menu. Click on Scenarios from the drop down menu. You can also use the menu on the right side of the page to locate the Scenarios page. Select the Scenario you want to edit by clicking the title or the button on the right side. … Read more

How to Add an Account to a Scenario

Add Account to Scenario

 Accounts are reusable and can be used in more than one  Scenario. This section covers how to add an  Account to a  Scenario. Step #1: Login First, log in to the Real Estate Financial Planner™ software. Step #2: Go to the Scenarios Page Once you log in, navigate to the  Scenarios page. Hover over or click Planner™ on the menu across the top to expose the drop down menu. Click on  Scenarios from the drop down menu. You can also use the menu on the right side of the page to locate the  Scenarios page. Select the  Scenario you want … Read more

How to Delete an Account

Delete Account

This section covers how to delete an Account. If you reach your maximum number of Accounts and you want to add another one you will need to either delete an Account or upgrade to Premium. Login First, log in to the Real Estate Financial Planner™ software. Go To The Account Page Once you log in, navigate to the Accounts page. Hover over or click Planner™ on the menu across the top to expose the drop down menu. Click on Accounts from the drop down menu. You can also use the menu on the right side of the page to locate … Read more

How to Add an Account

 Accounts are used as part of a  Scenario to store money and, optionally, earn a return on the money in the  Account. You can think of  Accounts as a fancy way of saying “buckets” for holding money. So, how do you add an  Account? I’m glad you asked. Step #1 First, log in to your Real Estate Financial Planner™. Step #2 Click on the link for  Accounts from the drop down menu under Planner™ across the top of the page. Step #3 From the  Accounts page click on the Add New  Account button. IMPORTANT NOTE: If you have more  Accounts … Read more