Portfolio managment software

[JordanJ]

Hey everyone,
My name is Jordan and I am just getting my real estate portfolio started. I wanted to get some feedback on what kind of software and programs are out there that other investors use to manage their own portfolios to keep track of cashflow, expenses etc and is easily organized?

 

[housingrental]

Excel

 

[fdrover]

Jordan,

I have been using Quattro Pro for several years with different expenses in the columns. Works well for me and my accountant.

Fraser Drover


QUOTE (JordanJ @ Dec 9 2010, 01:54 AM) Hey everyone,
My name is Jordan and I am just getting my real estate portfolio started. I wanted to get some feedback on what kind of software and programs are out there that other investors use to manage their own portfolios to keep track of cashflow, expenses etc and is easily organized?

 

[JoeRagona]

Have you looked at REMA? It is a portfolio management program also. Aside from the analyzing, REMA will keep track of your entire portfolio with default reports needed to give to mortgage brokers, jv partners etc. It will track your expenses and income and you can see at a glance your entire portfolio. The value, debt etc. Building all of this with excel would be very time consuming.

It all depends on what level you want to `manage` your portfolio.

 

[JordanJ]

Thanks for the responses,


Are any of these accessible through smart phones? So you can respond with certain documents or info that any of your professionals need if while your away from the office?


Do you find it necessary to access your portfolio on the road or would you just wait til you are back at your office and just fax or email the info?


I guess when you get to a certain point you will transfer everything to your Property management company and they will take care of all the essentials for you?

 

[richardkp]

I have used Excel, REMA and other software to analyze. Excel is on your smart phone but for what you are looking to manage, you wouldn't do this 'on the road' really. It is definitely better to complete in the office.


I use OuickBooks pro 2008 for my bookeeping but I am also an accountant and really happy with what it can do. Excel is the best to start as Adam says.


For 'on the road' analysis (and you need to have an iPhone ) I use Property Evaluator which is excellent once you tell it to amortise the mortgage interest (ie. make it Canadian!).

 

[JordanJ]

Awesome thanks alot for the feedback! Ill take at look at those.