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Journal of Real Estate Finance and Economics, 17:2, 163178 (1998) # 1998 Lower Academic Publishers, Boston. Manufactured in The Netherlands. Commercial Mortgage Default: A Comparison of Logic with
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How to fill out a journal of real estate:

01
Begin by gathering all relevant information, such as property addresses, buyer and seller details, and transaction dates.
02
Determine the format in which you will be maintaining the journal. It can be either a physical journal or a digital document.
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Divide the journal into sections to organize the information effectively, such as purchase transactions, rental agreements, property appraisals, and maintenance records.
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Start by entering the necessary details of each transaction, including the property address, the parties involved, the purchase price or rental amount, and any additional terms or conditions.
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Include any supporting documents, such as contracts, agreements, or invoices, related to each transaction. This will provide comprehensive records for future reference.
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Make sure to update the journal regularly, ideally after each real estate transaction or significant event occurs. This will help maintain accurate and up-to-date records.
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Review and verify the information entered in the journal periodically to ensure its accuracy and completeness. This step is crucial, especially during audits or legal disputes.
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Store the journal in a secure location, such as a locked cabinet or password-protected digital file, to protect the sensitive information contained within it.

Who needs a journal of real estate:

01
Real estate agents: Keeping a journal of real estate transactions can help agents track their sales, monitor commission earnings, and maintain a record of client interactions.
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Property owners: Journaling real estate transactions is useful for property owners, as it allows them to track rental income, expenses, and property maintenance records.
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Investors: Investors can benefit from maintaining a journal of real estate transactions to track the performance of their portfolios, analyze trends, and assess profitability.
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Legal professionals: Attorneys and lawyers dealing with real estate matters may require a journal of real estate to document and reference transactional details for legal purposes.
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Property managers: Managing multiple properties can be challenging, but maintaining a journal of real estate can assist property managers in keeping track of maintenance, repairs, and tenant agreements for each property.

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