🩺 Week 25: Time to Set Q3 Goals
Welcome back to your weekly check-up at The Income Care Unit™—where we keep your landlord finances in tip-top shape.
We’re rolling into the second half of the year, and if you haven’t taken a beat to really check your landlord money vitals, this is the week. Think of this as your mid-year MRI. We’re looking under the hood at three areas that matter most: taxes, credit, and cashflow.
When you know what’s happening inside your numbers, you can make better financial decisions, faster. So let’s dive into this week’s full scan.
💉 TAX CHECK: What's Your Liability + Savings Status?
If you haven’t checked how much you owe so far this year… you might be walking around with an undiagnosed financial fever. Mid-year is the perfect time to measure your tax temperature, it helps you…
Avoid year-end panic or surprise tax bills.
Boost your tax savings in time.
Get peace of mind that your numbers match your reality.
Steps:
Add up your income year-to-date (from rentals, side income, W-2s, etc.).
Log into your IRS and state tax accounts to see any estimated payments made.
Use a tax calculator (try IRS Tax Withholding Estimator) to project your current liability.
Compare your projected tax with what you've saved.
If you're under-saving, adjust immediately—up your estimated payments or tuck more into your tax fund.
💳 CREDIT CHECK: Pull Your Business Credit Report
Yes, your personal credit still matters—but if your landlord hustle is registered as a business, your business credit needs attention too. Just like blood pressure, you don’t want it too high, too low, or ignored altogether. It helps you
Prepare you for future funding or refinancing.
Catch errors before they affect your ability to borrow.
Show if your business financials are being reported correctly.
Steps:
Head over to NAV.com and create a free account.
Review reports from Dun & Bradstreet, Experian Biz, and Equifax Biz.
Look for:
Missing tradelines (like vendor accounts)
Errors in your business info (name, address, etc.)
High utilization or late payments
Dispute or correct anything off—and add vendors reporting to build positive history.
🩹 CASHFLOW CHECK: Audit Your Q2 Like a Pro
Now that Q2 is wrapped up, it’s time to look at what came in, what went out, and whether you're actually profiting—or just staying busy. This helps you
Highlight overspending or under-earning trends.
Show how profitable your rental business really is.
Set smarter Q3 goals.
Steps:
Pull your Q2 income reports—rent collected, late fees, etc.
Pull your Q2 expense logs—repairs, utilities, management fees, etc.
Subtract expenses from income to get your net cashflow.
Ask:
Did you hit your profit target?
Are there categories you can cut back on?
Are your rents covering your costs + cushion?
Final Prescription
This week is all about awareness and adjustment. We’re not waiting until the end of the year to find out we’re bleeding cash or behind on taxes. We’re treating the issues now—with care, strategy, and intention.
✅ Do this check-up
✅ Update your records
✅ Set one small goal for Q3 based on what you learned
Stay healthy, stay informed, and stay profitable.
Your landlord money deserves preventative care too.
See you next week for more Financial First Aid 💊
Need help getting everything prepared for Q3? Schedule your Wallet Wellness Exam today!