Repair Estimate Worksheet

by  Mike Jacka  on  Sunday, January 02, 2011

It has been a couple of months since I have been able to post anything on the blog. I have been rather busy lately as we have made a lot of changes around the office, and I was working on a new project that I finished just before the holidays. Hopefully I will be able to post more frequently now that things are starting to settle down a little bit again.

In December at out Monthly MnREIA Meeting, we had a great panel of REO agents. And we had one of our largest attendances in a long time, we usually have between 125-160 people at all our meetings, but December brought in 181 for the REO Panel. If you missed the meeting, the audio archive is available for MnREIA Members at www.MnREIA.com/Events.aspx?ID=REO-Agents-Panel-10-12-7-2010.

The biggest project I have been working on though is a Rehab Estimate Worksheet. The worksheet is designed to allow anyone, regardless of your level of experience to easily and quickly determine the estimated cost of a rehab for a property. First you have to setup some default costs/factors, which will be easy enough to determine the defaults, because it shows you the state/local and national averages, and with one click of a button, you can set your defaults to either the local or national average defaults. You can then come back and adjust each individual item as time goes on and you get a better feel for your own individual costs/factors. 

Once your defaults are setup, you will then be able to walk through a property, click on some check boxes, enter a few quantities and then just hit the total button to calculate all the costs to rehab that particular property based on the square footage of the property and your default costs/factors. You can do all this right from your phone, as long as it has internet access. You can then pull the rehab cost worksheet up for this property back at your office from your desktop/laptop computer, enter in some comps (comparable sold properties) and the system will calculate the MAO (Maximum Allowable Offer) for you.

The Rehab Estimate Worksheet is available to REP (Real Estate Promo) Premium Members. There is a new “How To Video” that anyone can see, all you need is a basic/free REP membership to see a live demo of the Rehab Estimate Worksheet.

This is just the first part of an even larger project that we have been working on, but I will keep the second part a surprise until it is ready to go. Hope everyone has a fantastic year in 2011.


   Currentely rated 3.8 by 4 People

Related Posts

Category: GeneralIt is now our time to shine!We have had a very interesting year featuring a myriad of different twists and turns

Category: Real EstateWho will bail out the banks?Do you remember the original 3 page bailout bill that President George Bush proposed, but was voted down? The finally bailout bill that was passed one week later was 450 pages long and they must have excluded the 3 original pages

Tags

rehabwebsites

Comments

2/20/2011

pingback

Pingback from loft42seattle.com Repair Estimate Worksheet :: Real Estate Tips

loft42seattle.com

2/25/2011

pingback

Pingback from lainvestmentrealestate.wordpress.com Repair Estimate Worksheet « Los Angeles Investment Realestate

lainvestmentrealestate.wordpress.com

2/27/2011

pingback

Pingback from lainvestmentrealestate.wordpress.com Repair Estimate Worksheet « Los Angeles Investment Realestate

lainvestmentrealestate.wordpress.com

3/2/2011

samiramarse@gmail.com

You are so right, it is very important to work out your budget and costs before starting a home improvement project. If you do it properly, though, a home renovation is a great way to add value to your property.

Renovations

3/8/2011

Bravesmth@gmail.com

your work is really nice and remarkable. i appreciate your post...

Real Estate investing

3/10/2011

pingback

Pingback from lainvestmentrealestate.wordpress.com Repair Estimate Worksheet « Los Angeles Investment Realestate

lainvestmentrealestate.wordpress.com

3/16/2011

landpropertynagpur@gmail.com

Your website is great! This post really caught my eye when I was searching around. Thanks for sharing it.

real estate nagpur

3/16/2011

pingback

Pingback from lainvestmentrealestate.wordpress.com Repair Estimate Worksheet « Los Angeles Investment Realestate

lainvestmentrealestate.wordpress.com

3/22/2011

lydcc2010@hotmail.com

You are a very smart person!

instyler

4/14/2011

naveenalikhan@yahoo.com

Really like this website, this really helps and very useful.

kenya flowers

8/30/2011

amandamoore@gmail.com

Well this is good, and very helpful. A Rehab Estimate Worksheet will really help me especially in estimating cost for a rehab property.Thank you , work would be easier now.

stop sweating start living review

10/26/2011

pastaroma1234@gmail.com

Thanks for the post. I do love the way you have framed this situation. I would love to share your blog with my friends on facebook, how do I do that?

italian restaurant los angeles

3/8/2012

hanko42@gmail.com

It is good the estimated was shown here on this blog.

хостинг

Name:
Create a Free Gravatar
Email:
Website:
Comment:

© Copyright 2014 Mike Jacka | Powered by: www.RealEstatePromo.com | Contact Us | Admin: Sign In