For decades, Excel has been the go-to tool for property investors looking to track their real estate performance. And we get it — it’s flexible, familiar, and relatively easy to use.
But here’s the truth no one wants to say out loud: Excel isn’t built for real estate portfolio management.
It was never meant to be.
1. Cash Flow Monitoring with Excel Is a Headache
Let’s say you own more than one property. Tracking rental income, loan repayments, service charges, maintenance costs,
and taxes across multiple spreadsheets quickly becomes chaotic. One wrong formula, and your entire monthly cash flow is off.
Real estate cash flow requires precision. A missed expense here or forgotten tenant payment there means you’re making decisions on flawed data — and that can cost you thousands.
With Immojourney, your cash flow is automatically calculated and updated in real-time. See exactly how much each property is generating (or losing) and how your portfolio is performing — all in under a minute.
2. Scaling Beyond 2-3 Properties? Excel Falls Apart
Excel might work for one or two investments. But as soon as your portfolio grows, your spreadsheet grows in complexity.
You end up with:
- Multiple sheets per property
- Cross-linked formulas that break with the smallest update
- File versions like “cashflow_final_v2_revised_FINAL-FINAL.xlsx”
Immojourney is designed to scale with your portfolio. Whether you own 1 property or 100, you get a clean, consistent, and powerful dashboard that keeps everything in one place.
3. Tenant Info Scattered Across Emails and Notes? Dangerous.
Can’t remember your tenant’s name? Or how much they’re paying? Or when their lease ends?
Excel isn’t built to store rich contact data, lease agreements, or renewal alerts. You’re either digging through emails, searching WhatsApp chats, or hoping that Post-It on your fridge is still there.
With Immojourney’s Tenant Section, you store everything in one place: contact details, rent amounts, lease start/end dates, even notes and files. No more scavenger hunts.
4. Where Are Your Documents and Bills?
You wouldn’t believe how many landlords store important documents like insurance papers, invoices, and tax declarations in physical folders
(or worse — screenshots on their phones).
When tax season hits or you’re refinancing, this becomes a disaster.
Immojourney offers a secure, cloud-based document center so you can upload and categorize every relevant file — tied to each property.
Need the invoice for the boiler repair from last November? Two clicks, and you’re there.
5. Tax Prep in Excel = Nightmares
Trying to pull together your tax summary from various sheets, receipts, emails, and banking apps? That’s not tax prep — that’s detective work.
Immojourney automatically tracks taxable income and deductible expenses, organizing them into simple categories and summaries. Come tax season,
you’re not scrambling. You’re done.
Excel Was Good. Until It Wasn’t.
You’re managing high-value investments — some of the biggest financial decisions of your life. Your tools should reflect that.
Excel is not a real estate tool. Immojourney is.
Start managing your portfolio with clarity, speed, and confidence. Leave spreadsheets behind — and take control of your cash flow, tenants, documents, taxes, and strategy with Immojourney.
Try Immojourney now — it’s free to get started.