About Portfolio Ninja
Portfolio Ninja is must have cloud-based software for ninja landlords who like to be in control. Managing a portfolio of properties is a huge commitment but at the same time, it is rewarding too. To be really successful in this business, you need to think like an investor and also act like a committed landlord.
This software is born out of many years of frustration as a property investor. As a property investor and a landlord, we like to manage things beautifully and have our own work-life balance. We spent time and listed our priorities and made a software. There is a long list of improvements to be done in future. Its all coming together. Our primary focus as of now is:
Be informed, have a strategy
That part of your portfolio which has grown exceptionally well and can fund your expansion, or that part which is not performing well – they must be identified and dealt with properly to keep your overall portfolio healthy. With the performance of your entire portfolio handy, you will be well equipped with the information needed to decide when and what of purchase and sale.
Take control of your business
One of the exciting things about real estate investing is that it starts to snowball. While it may take you a while to save up the money for a down payment on your first property, the second one comes much faster. The third and fourth ones are even easier. Before you know it, you have a large portfolio of properties and the passive income starts rolling in. Unfortunately, the idea of passive income is often very overrated by those who don’t understand what it takes to successfully manage rental properties. If you want to find success – and enjoy some of the profits – you need a plan of attack.
Stop Juggling & bring order to the table
One of the exciting things about real estate investing is that it starts to snowball. While it may take you a while to save up the money for a down payment on your first property, the second one comes much faster. The third and fourth ones are even easier. Before you know it, you have a large portfolio of properties and the passive income starts rolling in. Unfortunately, the idea of passive income is often very overrated by those who don’t understand what it takes to successfully manage rental properties. If you want to find success – and enjoy some of the profits – you need a plan of attack.
Never forget & Never Regret
Forgetting and misplacing things can land you in big troubles. Forgetting to complete a piece of paperwork, extending lease or some safety inspections can be costly - both in terms of time and money. Portfolio Ninja will remind you of everything you need to do.
Have Consistent Processes
When you have multiple properties in your portfolio, you’ll discover that there’s tremendous value in repeatability. The more you can repeat processes from one property to the next, the more time and energy you’ll save. Not only should you be using the same lease agreement from property to property, but you also need to have consistency in rent collection methods, screening practices, ongoing maintenance, landscaping, taxes, and other important issues. This leads to less confusion and greater profitability.
Find some work life balance
While there are far more pros than cons, one of the downsides of being a landlord is that it’s hard to punch out. Whether it’s a Monday morning or a Saturday night, you always feel like you’re on the clock. And the more properties you have, the more this becomes true. The key is to force yourself to turn off the phone and prioritize work-life balance. Even if it’s just a couple of hours per day, you need this time to yourself.
