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Rental Property Software

Discussion in 'General Discussion' started by Dave Stephens, Nov 13, 2017.

  1. Dave Stephens
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    Dave Stephens New Member Registered

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    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
     
  2. ThomasBeyer
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    ThomasBeyer Well-Known Member REIN Member

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  3. Carla Reis
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    Carla Reis Member REIN Member

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    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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  4. Dave Stephens
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    Dave Stephens New Member Registered

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  5. Dave Stephens
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    Dave Stephens New Member Registered

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    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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  6. Alvaro Sanchez
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    Alvaro Sanchez Ottawa-Gatineau Investor REIN Member

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    I have been using http://www.123landlord.com/ for last couple of years and I really like it. Mostly for property management not so much for mortgage info/ net worth.
     
  7. Dave Stephens
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    Dave Stephens New Member Registered

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    Thank you very much.


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  8. Lee Ochoa
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    Lee Ochoa New Member Registered

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    I have heard about this app- PropertyBuddy
     
  9. Tina Myrvang
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    Tina Myrvang Client Care Specialist Staff Member REIN Member

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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.

     
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  10. Dave Stephens
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    Dave Stephens New Member Registered

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    Thank you


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  11. Nick C
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    Nick C New Member Registered

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    Can the software price/subscription be added as an expense?
     
  12. Nick C
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    Nick C New Member Registered

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    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

     
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  13. Dave Stephens
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    Dave Stephens New Member Registered

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  14. Dave Stephens
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    Dave Stephens New Member Registered

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    Thank you Nik.


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