Real Estate Software 6

Affordable Real Estate Investment Software (Part VI)

Comparing and contrasting various real estate investment software programs will help you decide what program is the best deal for your money. The market is saturated with various programs all promising virtually the same things. However, beside the necessary equation and presentational data that all investors need to accurately calculate an investment strategy and to appear professional to clients, there are other options to consider.

For starters, the price isn’t the only instigator between a good investment software program and a mediocre one. When it comes to rental software, the content of the software, its user friendliness and the design precision to meet the individual needs of the investor all need to be considerably weighed before the purchase.

For instance, let’s take a look at Rentalsoftware.com, and what they offer in the realm of investment software. First, let’s focus on one of their most popular investment software programs the Landlord’s Cash Flow Analyzer. First of all, depending upon whether you hope to be in rehabbing, wholesaling, commercial or residential real estate with most real estate investment software you have to decide what is most important for your business to progress. Accuracy in investment estimations is a must, no matter what type of investments you are going to pursue, however this isn’t necessary for the Landlord’s Cash Flow Analyzer and here’s why.

One of the best features of the Landlord’s Cash Flow Analyzer software program is that it doesn’t cater to one type of investor over another. Some software programs only offer specific investment software for residential, commercial, rental etc, separately. This type of marketing will, in the end, drain more money from you, unless you know you will never have a need for a combination of investment strategies.

The Landlord’s Cash Flow Analyzer boasts the following features: Presentational reports, analysis of 1-1000 rental unites per property (20 year analysis), property value determination, rent determination, vacancy rates annually, what-if calculations, management fee option, cash flow forecasting, evaluate ROR, COC, IRR and MIRR, Currency Conversion, refinancing, annual hold or sell decision assistance, alternative investment comparison, calculate all of the important financial ratios (debt coverage ratio, debt to equity ratio, gross rent multiplier monthly and annually, net operating income, net presents value, debt service ratio, capitalization rates, loan to value ration, etc.)

Usually, that isn’t the case and an affordable all-inclusive software program is a cheaper way to go. Also it is compatible with a PC and some Mac’s however, it isn’t compatible with the “latest” Mac, as they refer to it. So since it isn’t compatible with VBA code, be sure that your Mac computer is able to translate VBA code before purchase or it will just be money down the drain.

The price for this program is $79.95. They also offer other software program’s that specifically meet the needs of “flippers” and “rehabbers”, that program runs for $149.90 and is called Flipper’s and Rehabber’s Software. There are multiple packages where you can mix and match materials. Their cash flow analysis book ($115) can be bought in a package, as well as they offer an E-Guide to their programs.