How Does Real Estate Investment Software Make You Money?
Real estate investment software can make money for any agent or investor engaged in real estate investing. First, because it significantly reduces the amount of time it would take for anyone to create a rental property cash flow analysis or marketing package manually. You benefit because the software calculates all the cash flows and key rates of return and then creates the required reports for you automatically.
The investment software knows what data is required to create a sound cash flow analysis and/or marketing report. Just fill in the forms. The program will work behind-the-scenes making the calculations, processing the data, and then post it into the APOD, Proforma Income Statement, Rent Roll, Executive Summary, graphs, and other reports.
There are no formulas to learn, no spreadsheets to format, no calculations to make, and in fact, no functions of real estate investing to understand. So the results are immediate, correct, …
Any real estate agent can sell income property without real estate investment software. After all, they are licensed to sell property and at the end of the day they only have to match up a willing buyer with a willing seller to make a deal; just the way they do with residential properties. Hey, it’s not rocket science.
If you’re a real estate investor or agent trying to create the cash flow, rates of return, or profitability for rental properties with your own Excel spreadsheet and have become frustrated by the process and are now ready to buy good real estate investment software, then you fall into one or more of several categories.
You may possibly use Denver’s Assessment and Taxation Technique to search property assessment and tax data. I still believed Ajay in the UK and his preferred individuals in Buffalo – the genuine estate agent and the property management people. Why on earth management would not have arranged to have their personal mail forwarded to their new address is beyond my comprehension. I said I could only go ahead with the buy if tenants could quickly be put into the property.