Why does my August payment show up in July in the Amortization Tables and in the Income and Expense form when I use the AutoFill button?

Why does my August payment show up in July in the Amortization Tables and in the Income & Expense form when I use the AutoFill button?

Property Tracker assumes that you make your mortgage payments before the due date. For example, a mortgage payment that is due on August 1st would be paid in July. Therefore, it should be recorded as an expense that was incurred in July.

INPUT DATA > INCOME & EXPENSES

    • Related Articles

    • How do I enter a second mortgage in Property Tracker?

      To enter a second mortgage in Property Tracker, go to the Mortgage Data input page: 1) Click the Add button on the top of the page. 2) Click the radio button next to Second to indicate that you are entering data for a second mortgage. Then enter the ...
    • What apps does REAL ESTATE TOOLS provide for income property investors?

      PROPERTY TRACKER - PropertyTracker.com is a web-based service that helps you evaluate potential properties before you buy and track the mortgage, income, and expenses for properties that you already own. The first 30-days are free and clients are ...
    • Local vs Long Distance Real Estate Investing

      CW 1131 - Listener Question - Local vs Long Distance Real Estate Investing Jason takes a question from Mike who is a longtime Creating Wealth listener and income property investor in Phoenix regarding Mike's hesitation to invest in real estate ...
    • Why doesn't the Net Operating Income include the PMI and mortgage payment?

      The Net Operating Income is a standard term used by real estate investors. It is meant to show the financial performance of the property itself without considering the costs of financing the property. On the other hand, the CASH FLOW considers the ...
    • How to document the sale of a property in Property Tracker

      In the INPUT DATA > SELL section of Property Tracker the question is asked 'Has this property been sold?' and once you click the YES dialog box additional SALE DATE and SALE PRICE fields become visible which will allow you to enter and save their ...