If you manage a number of properties, you’ll realise there’s a lot to consider in order to make yours a successful real estate business. You need to be on the lookout for great investment deals, stay on top of rent and expenses and track the value of your portfolio. Thankfully, there are a number of tools available to help with this and we’ve listed some of the most effective in this article. Read on to find out about the seven best real estate investing software.

Top 7 Best Real Estate Investing Software

  1. RealData: Best Real Estate Investing Software For Investment Decisions
  2. Stessa – Best Real Estate Investing Software For Managing Finances
  3. Argus Enterprise – Best Real Estate Investing Software For Predicting Trends
  4. DealMachine – Best Real Estate Investing Software For Lead Generation
  5. Appfolio – Best Real Estate Investing Software For Day-To-Day Portfolio Management
  6. Re-Leased – Best Real Estate Investing Software For Midsized Businesses
  7. Rehab Valuator – Best Real Estate Investing Software For Flipping Properties

1. RealData: Best Real Estate Investing Software For Investment Decisions

PRICING: Unlimited license – $595

RealData provides a number of programmes for anyone involved in real estate investing, whether that’s investors, developers, brokers, lenders, appraisers or financial advisors. The programmes are Excel-based workbooks suited to your portfolio size and type, but each helps you obtain a comprehensive overview of your current and projected income, expenses and profitability.

KEY FEATURES:

  • Excel-based programmes
  • Works for US and international property businesses
  • Can be used by many different types of real estate investment stakeholders

REASONS TO BUY:

  • Simple to use
  • One-time pricing
  • Works for any housing market

REASONS TO AVOID:

  • The number of packages and features are potentially overwhelming

2. Stessa – Best Real Estate Investing Software For Managing Finances

PRICING: Free, with add-ons for premium services

Stessa is widely praised as one of the best tools on the market for helping property investors manage their accounts. Ths real estate investing software has some smart features: you can track income and expenses on an unlimited number of properties, run monthly reports, get tax-friendly statements and store all your documents in one place. It’s also free, which will almost certainly help your bottom line. Although Stessa charges for additional services such as rent analysis and mortgage financing.

KEY FEATURES:

  • Track expenses and income at portfolio and property level
  • Store important documents in one place
  • Run reports and tax-ready statements

REASONS TO BUY:

  • App for Android and iPhone lets you manage your portfolio on the go
  • User-friendly

REASONS TO AVOID:

  • Lacks the sophistication of other real estate investing software

3. Argus Enterprise – Best Real Estate Investing Software For Predicting Trends

PRICING: Bespoke pricing based on business needs

Argus Enterprise is real estate investing software that’s designed to help experienced commercial property owners maximise their cash flow by predicting outcomes based on a number of detailed market assumptions. It’s an advanced, cloud-based tool that some users may find overwhelming. But there’s no denying its power in helping commercial property owners navigate a potentially volatile market.

KEY FEATURES:

  • Advanced-level, Excel-based modelling software
  • Property and portfolio-level dashboards show the overall performance of your assets
  • Run tests to see what impact certain scenarios have on your income and portfolio value

REASONS TO BUY:

  • Works for any international property market
  • Recognised as the de-facto software for the real estate industry
  • Capable of handling lots of information on large property portfolios

REASONS TO AVOID:

  • Maybe too pricey for individuals or small businesses

4. DealMachine – Best Real Estate Investing Software For Lead Generation

PRICING: Driving For Dollars Programme: Starter – $59/mo; Professional plan – $119/mo; Elite – $249/mo. List Builder Programme: Starter – $59/mo; Professional plan – $89/mo; Elite – $166/mo

DealMachine is real estate investing software that takes many of the pain points out of prospecting – including driving around looking for potential properties to buy and sell, which can be time-consuming and often results in wasted effort. From tracking which roads and properties your team has already researched to skip tracing and managing marketing communications, DealMachine has some tools that could be useful for property investors looking to scale their portfolio.

KEY FEATURES:

  • Desktop, iOS and Android apps
  • Tracks which streets and properties your team has researched
  • Helps you build detailed lists of real estate leads
  • Find property owners’ contact details
  • Contact them through automated marketing comms

REASONS TO BUY:

  • Streamlines property discovery
  • Makes it easier to contact property owners with an offer to buy

REASONS TO AVOID:

  • Not all property owner information provided by the app is accurate
  • DealMachines features still rely on users putting in a lot of groundwork
  • Expensive, particularly for lighter teams netting fewer deals

5. Appfolio – Best Real Estate Investing Software For Day-To-Day Portfolio Management

PRICING: Core – minimum $240/mo ($1.40 per unit/mo); Plus – minimum $1500/mo ($3 per unit/mo)

AppFolio is US real estate investing software that helps managers of larger property portfolios run their business, regardless of whether their endeavour is residential, commercial, student housing or a mixed portfolio. It’s a mobile-friendly cloud and web-based app that takes care of most aspects of a property portfolio, including managing tenant communications, accounting and reporting, maintenance requests, marketing properties and tracking portfolio value.

KEY FEATURES:

  • Mobile-friendly app
  • Online portals allow owners and tenants to fill out applications, make payments, request maintenance and more
  • Portfolio management features include accounting, reporting, order generation and calendar management

REASONS TO BUY:

  • Extensive management software
  • User-friendly interface
  • Access to training and help resources available

REASONS TO AVOID:

  • Steep learning curve
  • Some users feel reporting could be more customizable

6. Re-Leased – Best Real Estate Investing Software For Midsized Businesses

PRICING: Bespoke pricing based on business needs

Founded in New Zealand in 2012, Re-Leased is real estate investing software that’s used internationally by property managers, landlords and accountants. As an all-in-one platform, it’s helpful in managing several different aspects of a property portfolio, from budgeting and business performance to calendar management, rental tracking and tenant communications.

KEY FEATURES:

  • All in one portfolio management platform
  • Manage budgets, maintenance schedules, workflows and reporting
  • Portals for property owners, management, tradespeople and accounts
  • Access from any device

REASONS TO BUY:

  • Streamlines communication
  • Highly-rated customer service
  • Many online reviewers praise its impact on their time efficiency
  • Enterprise-level security

REASONS TO AVOID:

  • Some users feel the platform’s reporting falls short

7. Rehab Valuator – Best Real Estate Investing Software For Flipping Properties

PRICING: Lite (limited functionality) – Free; Premium – $49/mo; Pro – $99/mo

If you’re in the business of buying and then fixing up properties in order to sell them for a profit, Rehab Valuator could be a useful tool. This real estate investing software uses data to calculate how much a property would be worth under certain conditions, for example, ‘buy, rehab and flip’, or ‘buy, rehab and hold’. That makes it a useful tool for analysing potential deals. When your project gets underway, project management software lets you track budgets and run reports.

KEY FEATURES:

  • Deal analysis tools help you establish the maximum you should pay for a property
  • CRM function lets you build lead generation lists and send marketing comms
  • Project management software lets you keep track of your rehab costs and schedule

REASONS TO BUY:

  • Detailed flipping analysis tools, particularly on Pro plan
  • User friendly: each section contains tutorial videos
  • Online reviewers praise the software’s development roadmap

REASONS TO AVOID:

  • Software only really suitable for property flippers

References and Links

https://learn.roofstock.com/blog/real-estate-investor-software

https://www.stessa.com/blog/real-estate-investor-software/

https://pdf.wondershare.com/business/real-estate-investment-software.html

https://www.softwaresuggest.com/blog/best-real-estate-investment-software/

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https://www.reisift.io/blog-posts/top-real-estate-investor-software

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