🩺 Week 24: Landlord Financial Health Check™

No stress. No pressure. Just facts, reflection, and a little planning so you can finish the year strong (and profitable)

Think of this like your six-month physical. You don’t wait until something’s broken—you check in early to catch what’s working, what’s wobbling, and what needs a quick financial bandage.

Here’s your 3-part exam!

💉 TAXES: Reflect on Your Tax Wins & Missteps

Taxes aren't just an April thing. A mid-year check helps you avoid surprises, catch mistakes early, and celebrate what you’ve done right so far.

Step-by-step Check-Up:

Step 1: Grab your tax records from January–June (receipts, expense reports, income statements).
Step 2: Review what you claimed, what you missed, and what you still need to track better.
Step 3: Write down 2 wins and 1 thing you’ll do differently next quarter (Ex: "Tracked mileage better this year!" or "Oops—missed writing off cleaning expenses again").
Step 4: Bonus: Add a note in your calendar to book a Q3 tax strategy session if anything major changed.

Reminder: You’re running a business. Check in with it like one.

💳 CREDIT: Review Your Score Progress

Credit growth is slow and steady—but only if you're steering the wheel. Check how far you’ve come so you can decide what to adjust.

Step-by-step Check-Up:

Step 1: Log into all 3 credit bureaus or your credit monitoring tool.
Step 2: Look at your score, but more importantly—look at your trend. Is it going up? Flat? Down?
Step 3: Compare it to the goal you set earlier this year (you did set one, right?)
Step 4: Adjust your plan. Maybe it’s time to lower utilization, dispute something, or ask for another credit limit increase.

Reminder: Credit is a long game. Celebrate every 10-point jump like a win. Because it is.

💰 CASHFLOW: Set Your Q3 Financial Goals

You can’t grow what you don’t measure. Looking back helps you plan ahead. Your next quarter should be based on actual data, not vibes.

Step-by-step Check-Up:

Step 1: Pull your profit/loss statement or do a simple rental income vs. expense tally.
Step 2: Look at how much of your rental income you actually kept after expenses.
Step 3: Ask yourself: What needs to change in Q3? More savings? Less spending? Raising rent?
Step 4: Write down 1 cashflow goal for the next 90 days. Keep it real. (Ex: “Set aside $1,000 for maintenance” or “Cut monthly costs by $200”).

Reminder: Revenue is cute. Cashflow is the real flex.

Final Thoughts from Your Landlord Financial Consultant

You're halfway through the year. That’s a win in itself. 🏁
But now it's time to pause, check your financial pulse, and make adjustments before Q3 starts running away from you. This isn’t about perfection—it’s about awareness and action.

Your Week 24 prescription? Reflect, recalibrate, and reset your goals. This is how landlords stay profitable AND peaceful.

See you next week with fresh remedies.

Need help? Get started with us by scheduling your Wallet Wellness Exam today.