Real Estate Investing Software: 10 Special Options You Might Want

By Author: James Kobzeff
Total Articles: 44
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Real estate investment software is in widespread use by real estate agents, brokers, investors and other professionals who want to quickly, easily, and concisely arrive at the "bottom line" of a rental property investment opportunity without having to go through the arduous steps of creating their own spreadsheet.

At the end of the day, of course, the logic makes perfect sense to any professional engaged in investment property. Rather than having to worry that they will know enough about spreadsheets to include the required calculations along with the ability to format cash flow reports worthy of presentation, most are turning to real estate investment software to do the cash flow and rate of return projections for them.

Say, for example, you were a heart surgeon about to perform a triple by-pass, you would focus your attention on the procedure, not on trying to learn how to manufacture a scalpel. In the same way, professionals and individual investors engaged in investment properties will use the tool provided by the real estate software guys, and allot their time to their primary objective; namely, to sell or ...
... invest in real estate property.

Okay, enough said, I'm sure you get the idea.

So without further delay, allow me to make you aware of 10 features worth considering in the real estate investment software solution you elect to use to meet your investment business. You might be surprised to discover that you weren't even aware that they are available.

1. Canadian loan amortization - This will enable you to create a rental property analysis with the correct computation for mortgage payment in the USA as well as in Canada.

2. Global currency symbols - This would allow you to use currency symbols such as the pound, yen, or euro as well as the dollar symbol in your reports.

3. Revenue projections with the option to "step" the vacancy rate, income, and operating expense - Many real estate investment software solutions include a Proforma income statement for revenue projections, but rather than being restricted to projecting just one rate or dollar amount across-the-board, you will find it helpful when you can stagger the returns and amounts throughout your projections.

4. Rent scenarios evaluation - You will find it extremely beneficial to see how changes in rents might affect the cash flow, rates of return, and profitability of an income-producing property.

5. Sensitivity analysis option - This enables you to evaluate a wide-range of crucial data based upon a worst case, probable case, and best case scenario for such things as sale price and down payment.

6. Multiple loans option - This allows you to include more than a primary loan in your analysis such as a second loan and a third loan. You should also expect the software to give you an easy option to select whether the loan is a fixed-rate or interest-only.

7. Capital add-ins expenditure option - This would be so you can include a cost for estimated capital expenditures you are planning for the property and have the real estate investment software adjust the cash flow and other data accordingly.

8. Photos option - Being able to show photos of the property in such reports as the coversheet, marketing package, and perhaps a separate photo page is a real plus. You should expect the investment software you select to provide a quick and easy way to do this.

9. Marketing package and/or executive summary - If you're planning to resell the investment at anytime in the future then you will also want the software to create some professional reports you can present for marketing the property.

10. Other considerations - In addition to the features listed above, here are some other things you should expect in the real estate investment software you elect to purchase. Easy to use, user-friendly forms, calculations for all key returns, professional-quality reports, seamless printing, technical support, help file, and free updates.

You can find all these and more options and features in the real estate investment software I developed (see below). So why not begin your search there simply by following the link. Here's to your success.
James Kobzeff is the developer of ProAPOD - superior real estate investing software solutions since 2000. Create rental property cash flow analysis and marketing presentations in minutes! Easy to use and affordable. Learn more => www.proapod.com