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Rental Property Software

Dave Stephens

New Forum Member
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Joined
Nov 13, 2017
Messages
7
Hi,

Our holding company has 30 rental doors. We are continually expanding and I'm looking for a software that can assist us. I'm trying to get away from our excel spred sheets and would like an all in one software that can analyze rental properties, contain all our clients data, and monthly calculate the upto date mortgage amount as the principal gets paid down. I want to be be able to look at our net worth and cash flow monthly and know that it's accurate.

If someone could please recommend a user friendly software I would appreciate that.

Thank you.

Dave Stephens
 

Carla Reis

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Aug 24, 2017
Messages
43
We use an app called PropertyBuddy and works well for us with low cost. ( We use to manage our 2 properties which run in a STR / MDR scheme)


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Dave Stephens

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Registered
Joined
Nov 13, 2017
Messages
7
We use an app called PropertyBuddy and works well for us with low cost. ( We use to manage our 2 properties which run in a STR / MDR scheme)


Sent from my iPad using myREINspace

Thank you very much. Does the app calculate your cash flow and reduce the principal paid down on each mortgage per month? I want to be able to look out at 5 or more years and see what the projected net worth is. Cheers.


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Tina Myrvang

Client Care Lead
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REIN Member
Joined
Nov 15, 2010
Messages
1,502
REIN had some software for that a while ago. Not sure what happened to that or how many REIN members actually use it http://blog.reincanada.com/rein-real-estate-portfolio-manager-launches-january-2017

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REIN members had access to purchasing a software program from REMA Canada. It is call REMA - Real Estate Management & Analysis Software.
It can still be purchased on their site at http://www.remacanada.ca/software.
The definitive tool for the Sophisticated Investor is designed to:

Make life a little easier for the Sophisticated Real Estate Investor by;

  1. Freeing up your time by automating the management of your Portfolio of properties, allowing you to work on your business instead of in your business, and to create time for your other interests.
  2. Providing you with monthly cash-flow projections for up to 5 years.
  3. Reminding you of virtually everything that needs to be done to manage your Portfolio with extraordinary effectiveness - so nothing is ever forgotten and so your Real Estate profits are maximized.
  4. Consolidating many of the REIN tools that you already use, along with many more new ones, in one automated, easy-to-use and customizable program.
  5. Providing you with all the Reports you will need to make good decisions regarding your Real Estate business.
  6. Providing you with the Reports that will make you a favored borrower with your Lenders and Mortgage Brokers.
  7. Providing you with the Reports that will make you the preferred investor of your JV Partners.
  8. Providing you with a single source for all the information about all your Properties.

REIN Members now have access to the Portfolio Manager in their Member Back Office. This program will not calculate your mortgage payments and keep track of your balance. You will need to enter your mortgage balance when you get your updated statement.

 

Dave Stephens

New Forum Member
Registered
Joined
Nov 13, 2017
Messages
7
REIN members had access to purchasing a software program from REMA Canada. It is call REMA - Real Estate Management & Analysis Software.
It can still be purchased on their site at http://www.remacanada.ca/software.
The definitive tool for the Sophisticated Investor is designed to:

Make life a little easier for the Sophisticated Real Estate Investor by;

  1. Freeing up your time by automating the management of your Portfolio of properties, allowing you to work on your business instead of in your business, and to create time for your other interests.
  2. Providing you with monthly cash-flow projections for up to 5 years.
  3. Reminding you of virtually everything that needs to be done to manage your Portfolio with extraordinary effectiveness - so nothing is ever forgotten and so your Real Estate profits are maximized.
  4. Consolidating many of the REIN tools that you already use, along with many more new ones, in one automated, easy-to-use and customizable program.
  5. Providing you with all the Reports you will need to make good decisions regarding your Real Estate business.
  6. Providing you with the Reports that will make you a favored borrower with your Lenders and Mortgage Brokers.
  7. Providing you with the Reports that will make you the preferred investor of your JV Partners.
  8. Providing you with a single source for all the information about all your Properties.

REIN Members now have access to the Portfolio Manager in their Member Back Office. This program will not calculate your mortgage payments and keep track of your balance. You will need to enter your mortgage balance when you get your updated statement.


Thank you


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Nick C

New Forum Member
Registered
Joined
Nov 17, 2017
Messages
3
Can the software price/subscription be added as an expense?
 

Nick C

New Forum Member
Registered
Joined
Nov 17, 2017
Messages
3
Dave,
Try WaveApps.
It is really good and can auto import the transactions from the bank account along with many other features. It is cloud-based and free.
Thanks
Nik

Hi,

Our holding company has 30 rental doors. We are continually expanding and I'm looking for a software that can assist us. I'm trying to get away from our excel spred sheets and would like an all in one software that can analyze rental properties, contain all our clients data, and monthly calculate the upto date mortgage amount as the principal gets paid down. I want to be be able to look at our net worth and cash flow monthly and know that it's accurate.

If someone could please recommend a user friendly software I would appreciate that.

Thank you.

Dave Stephens
 
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