🩺 Week 22: Landlord Financial Health Check™

Mid-Year Check-In: Is Your Rental Business Still Breathing?

Welcome back to the exam room, Landlord! We’re halfway through the year, and it’s time to check your rental’s vital signs.

As always your Financial Health Check covers three key organs:
🧾 Taxes
📊 Credit
💰 Cashflow

Let’s run some quick diagnostics to make sure your landlord business is still alive, thriving, and not headed for a mid-year meltdown.

TAXES: Prep Your Mid-Year Checklist

Waiting until tax season to get organized is like waiting until flu season to look for a thermometer.

A mid-year checklist keeps you calm, collected, and ahead of the IRS. You’ll catch red flags early, and possibly save thousands by spotting missing documents or under-reported deductions before it’s too late.

💉 Step-by-Step Prescription:

1. Grab a notebook or open a doc. Title it: “2025 Mid-Year Tax Prep.”

2. List out what you already have on hand:

   • Rental income reports (cash app receipts, rental software, etc.)

   • Expense categories (repairs, supplies, insurance, mileage)

   • 1099s or W-2s if you’re mixing landlord life with a 9-5

3. Add what you need to get:

   • Missing receipts

   • Contractor invoices

   • Updated mileage logs

4. Set a reminder to update this monthly.
   This isn’t a one-time shot—it’s a wellness routine.

CREDIT: Monitor Your Utilization Like a Pulse

Credit utilization tells lenders if you’re hydrated or hemorrhaging.

Low utilization = stable heartbeat. High utilization = red alert.

Watching the trend—not just the number—shows if your financial habits are healing or hurting.

💉 Step-by-Step Prescription:

1. Pull your current credit report (our clients use SmartCredit).

2. Check your usage on each card. Aim for under 30%—under 10% is ideal.

3. Write it down. Not just the number—but how it’s been trending.

   • Are you always maxing one card and ignoring another?

   • Are your payments bringing the balance down or just keeping it alive?

4. Create a “credit vitals” tracker—track every 2 weeks.

This helps you know when to pay down and how to plan for large purchases.

CASHFLOW: Run a Rental Profit Check

Collecting rent doesn’t mean you’re profitable—just like eating every day doesn’t mean you’re healthy.

Let’s separate what’s coming in vs. what’s actually sticking around.

💉 Step-by-Step Prescription:

1. List out total rental income from January to now.

2. List out total expenses:

   • Mortgage

   • Property taxes

   • Repairs

   • Utilities (if you cover them)

   • Property management fees

3. Subtract expenses from income.

   • If it’s positive, great—are you reinvesting it?

   • If it’s negative, where’s the bleed? Is it a one-time issue or a pattern?

4. Review: Is this sustainable for the next 6 months?

   • If not, it’s time for a financial blood transfusion (aka: budget overhaul or rate review).

🏥 This Week’s Wrap-Up:

You are not just a landlord—you’re the CFO, nurse, and emergency responder for your rental business.

This check-up is your stethoscope moment.
Don’t wait for symptoms—check your vitals while you still have options.

Print it, post it, or plug it into your planner—just don’t skip Week 22.
Your rental deserves a mid-year exam.

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Need help getting your rental finances in order? Schedule your Landlord Revenue Remedy today and get back on track!

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Signed,
Candace | Your Landlord Financial Consultant
🩺 The Income Care Unit™ | Strengthening Your Financial Health for Homeownership and Beyond