Summary: In this episode we talk to Joel Grasmeyer, a real estate investor, engineer, and entrepreneur who started PropertyTracker.com in 2004 to create user-friendly, yet powerful tools for real estate analysis.<br> <br> Some of the topics we discuss include:<br> <br> The importance of tracking your rental properties.<br> What metrics do most investors like to track?<br> What tools do real estate investors use?<br> What is PropertyTracker.com?<br> Mobile phone Apps that can also help investors.<br> <br> Get a FREE 30-Day Trial plus a 20% discount here:<br> <br> http://www.PropertyTracker.com/Norada<br> <br> - - - - - - -<br> <br> Download your FREE copy of:<br> The Ultimate Guide to Passive Real Estate Investing.<br> <br> See all our available turnkey investment properties.<br> <br> SUBSCRIBE on iTunes | Stitcher | Podcast Feed<br> <br> Give us a RATING & REVIEW (Thank you!)<br> <br> <br> <br> <br> How to Track Your Real Estate Portfolio<br> Today’s show is about tracking your real estate portfolio. It’s one thing to look at and analyze properties before you purchase them. What happens after you’ve purchased them and you’ve added them to our portfolio? As your portfolio grows, you’ll want to keep track of the income and the expenses, and more importantly, the performance of those properties. It might make sense to sell some of them or do a tax deferred 1031 exchange into other markets or maybe refinance them to increase your rate of return or pull equity out and move that over into other markets.<br> <br> There are many things that you can do, but it’s important that you keep track of your real estate portfolio. This actually all came about, when I had a client of ours, a guy name Kevin contact me about two weeks ago. He asked me how to keep track of his new portfolio. He’s just starting out, he’s just building that portfolio but he’s already creating these elaborate Excel spreadsheets and I thought, “There are online tools that can help you and there’s even mobile apps.”<br> <br> I wanted to bring on my guest here today, a guy named Joel, and talk about what he looks at as far as metrics for analyzing his properties, as well as what tools he uses. Obviously, he likes his own tools, but we can learn a little bit more about that. This is just one option. It’s not something that is absolute necessity. However, it does make your life a lot easier. Especially, at tax time, when you can just click a button and produce a report and give it to your CPA or your accountant and have your taxes put together for you very quickly and easily.<br> <br> <br> <br> I’d like to welcome, Joel Grasmeyer to the show. Joel is a real estate investor. He’s an engineer and it seems he’s a serial entrepreneur. He started PropertyTracker.com back in 2004 to create a user-friendly but powerful tool for real estate analysis. Then, in 2008 he created Property Evaluator for the iPhone. Later in 2010, he launched RealEstateTools.com, which is a variety of real estate investment tools, so it’s a market place for that. Lastly, in 2012, he launched the Construction Cost Estimator out to help contractors quickly estimate construction cost using the iPhone, iPad and a Mac. Welcome to the show, Joel.<br> <br> Thanks for having me on.<br> <br> It’s great to have you here. Let’s give our listeners a sense of geography, where are you located?<br> <br> I’m in Ogden, Utah which is about an hour north of Salt Lake City and right next to world class skiing.<br> <br> I love Salt Lake City, the views there are amazing. You were a native Californian, if I remember correctly?<br> <br> Yeah, I lived in Southern California from about 1998 to 2006. Then we decided to escape the rat race to Utah and get out of California while the getting was good.<br> <br> Tell us a little bit about your background.
