721 UPREIT PROS: CASH NEEDS AND CONTROL WORKSHEET
Educational preparation tool | September 15, 2026
Article: https://721upreitpros.com/articles/passive-real-estate-owner-priorities

YOUR PLANNING WINDOW
Prepared on: __________  Through date: __________
Tax assumptions (use consistent before/after-tax amounts): __________
Monthly household spending: __________
Dependable outside income: __________
Monthly uncovered spending: __________
Months covered: __________  Total shortfall: __________

DATED EXPENSES (add rows as needed)
Amount | Due date | Can it move? | Funding account | Fallback
_______|__________|_____________|_________________|_________

SEPARATE RESERVE
Reserve floor and why chosen: __________
Accessible outside cash, uncommitted to other needs: __________
Do not count exchange proceeds here without resolving tax and QI requirements.
Coverage required = uncovered spending + dated expenses + separate reserve.
Unfunded amount = coverage required less accessible outside cash.
Do not count one account twice or reuse a reserve for a planned expense.

WORKED EXAMPLE, NOT A RECOMMENDATION
($7,000 spending - $4,500 outside income) x 12 = $30,000.
$30,000 + $20,000 month-nine expense + $25,000 reserve = $75,000.
$75,000 - $60,000 accessible outside cash = $15,000 unfunded.
Month nine: $60,000 - (9 x $2,500) - $20,000 = $17,500.
This is below the hypothetical $25,000 reserve floor.
No investment distributions, interest, tax changes or inflation assumed.

STRESS SCENARIOS
Proposed distribution estimate: ____ Source/date/tax assumptions: ____
Coverage with that estimate: ____ With half: ____ With none: ____
First month below chosen reserve floor in each scenario: __________
These are scenarios, not probabilities or promised results.

CONTROL BOUNDARIES
Tasks I want to delegate: __________
Decisions I need to verify: __________
Nonnegotiable deadlines or constraints: __________
Agreement section and who holds each right: __________

FOLLOW-UP
Input | Verified/estimated/unknown | Responsible person | Due date
______|____________________________|____________________|_________
Discuss the numbers with your advisor and exchange/tax questions with your QI/CPA.
No suitability determination, guaranteed distribution, exit or tax result.