The Ultimate Nomad™ Checklist - Real Estate Financial Planner™

This is the Ultimate Nomad Checklist™. Select which week you'd like to see the tasks for.

Week 18

These are the tasks for Week 18 of the Ultimate Nomad Checklist™.

Review my goals

Review your goals (at a minimum each month).

Goals Ultimate Nomad Checklist Week 10 Week 14 Week 18 Week 2 Week 22 Week 26 Week 30 Week 34 Week 38 Week 42 Week 46 Week 50 Week 54 Week 6

Review my "Future Narrative"

Review my own "Future Narrative" to remind myself about my why, my how and what obstacles I am committed to overcoming.

Do this at a minimum once a month.

Mark this task as complete once you've reviewed your "Future Narrative" this month.

ASAP Future Narrative Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 55 Week 56 Week 57 Week 58 Week 59 Week 6 Week 60 Week 61 Week 62 Week 63 Week 64 Week 7 Week 8 Week 9

Schedule on your calendar when you'll do this week's tasks from your Future Narrative

You're much more likely to follow through on your goals if you plan out when you'll do the steps to achieve them.

So, take a moment to schedule out on your calendar when you'll actually do the tasks for this week on your calendar. Make an appointment with yourself to do them. If you need to reschedule one, reschedule it (don't delete it).

ASAP First Meeting: Your Real Estate Goals Ultimate Nomad Checklist Week 1 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16 Week 17 Week 18 Week 19 Week 2 Week 20 Week 21 Week 22 Week 23 Week 24 Week 25 Week 26 Week 27 Week 28 Week 29 Week 3 Week 30 Week 31 Week 32 Week 33 Week 34 Week 35 Week 36 Week 37 Week 38 Week 39 Week 4 Week 40 Week 41 Week 42 Week 43 Week 44 Week 45 Week 46 Week 47 Week 48 Week 49 Week 5 Week 50 Week 51 Week 52 Week 53 Week 54 Week 6 Week 7 Week 8 Week 9

Class Watch "Analyzing Deals 101" Recording of Live Class

Watch the recording of the live presentation of "Analyzing Deals 101: an Intro to Cash on Cash Return on Investment" available on:

https://RealEstateFinancialPlanner.com/cash-on-cash/

Analyzing Deals ASAP Cash Flow Classes First Meeting: Analyze Deal Net Operating Income Return On Investment Ultimate Nomad Checklist Week 18 Week 2

Read "Net Operating Income"

Read the "Net Operating Income" blog post on

https://RealEstateFinancialPlanner.com/net-operating-income/

Analyzing Deals ASAP Cash Flow First Meeting: Analyze Deal Net Operating Income Optional Understanding Appreciation Week 18 Week 3

Read "Return On Investment"

Read the "Return On Investment" blog post on

https://RealEstateFinancialPlanner.com/return-on-investment/

ASAP Optional Return On Investment Ultimate Nomad Checklist Understanding Appreciation Week 18 Week 4

Determine your Handyman

Decide which Handyman you will use to do a should you have general maintenance issues with your property.

You can ask your Real Estate Broker for recommendations.

Mark this task complete once you've decided on a Handyman to use.

Dream Team Dream Team - Post-Closing Ultimate Nomad Checklist Week 18

Download Brian's Bookkeeping and Accounting Spreadsheet

If you've decided to download and use Brian's Bookkeeping and Accounting Spreadsheet to keep track of your income and expenses on your rental and Nomad properties, you can download a copy of it here:

https://realestatefinancialplanner.com/real-estate-bookkeeping/

If you're not going to use Brian's accounting spreadsheet, you can skip this step and mark it as complete.

Accounting Bookkeeping Bookkeeping and Accounting for Nomads Post-Closing Bookkeeping and Accounting Ultimate Nomad Checklist Week 18

Setup Bookkeeping System

You should setup your bookkeeping system for your rental property. There are several options to choose from including just hiring a bookkeeper/accountant to do it for you to using the tools we provide.

Of course, you could keep track of your income and expenses in software like QuickBooks and have your accountant prepare taxes at the end of the year. There are also property management software packages that allow you to do bookkeeping and accounting as well.

If you don't have a strong preference, we recommend you setup either Brian's bookkeeping and accounting spreadsheet or use web-based version on RealEstateFinancialPlanner.com to start tracking income and expenses for property.

Mark complete once you've set up bookkeeping and accounting for this property.

Accounting Bookkeeping Bookkeeping and Accounting for Nomads Post-Closing Bookkeeping and Accounting Ultimate Nomad Checklist Week 18

Keep books monthly

Each month enter the income and expenses for the property and your LLCs.

The longer you delay doing this the more painful it becomes especially as you forget what expenses were for and why.

It is much easier to do it either: as you receive them or, at least, once a month.

Accounting Bookkeeping Bookkeeping and Accounting for Nomads Post-Closing Bookkeeping and Accounting Ultimate Nomad Checklist Week 18

Enter income as you receive it

Each time you receive income, log it in your accounting system.

Accounting Bookkeeping Bookkeeping and Accounting for Nomads Post-Closing Bookkeeping and Accounting Ultimate Nomad Checklist Week 18

Enter expenses as they occur

Each time you spend money or have an expense, log it in your accounting system.