×

Warning

JUser: :_load: Unable to load user with ID: 753543

Top 10 Best Real Estate Software Programs You Don’t Want To Miss Out On!

Written by Posted On Tuesday, 20 March 2018 09:32

Getting an edge in the real estate industry can be tough for all sorts of niche markets, including investment, management, sales and just about everything within the vast network that is real estate. It’s no secret that real estate is the cornerstone of the entire Western economy, and so these software programs that we’re going to discuss in this article really are very valuable tools for a vast amount of professionals and investors alike.

Maybe you’re just looking to evaluate some of your desktop tools that you use professionally to see if there’s something better out there, or maybe you’re looking for a real estate software that’s a little more convenient for you like a phone app; it really doesn’t quite matter too much because the following 10 real estate software are available to you at any time and are a great place to start doing your research and seeing how you can grow your network and overall revenue stream!

Microsoft Excel is a rather ubiquitous software that is used by all businesses, but when it comes to real estate it’s how you use Excel that can help you organize and eventually track your investments. When you use Excel for it’s overall functionality and essentially convert it into a software analysis program for properties you’ll see that it’s very useful in the marketplace. Many of the following software packages are based off of the formatting of Excel, so knowing and mastering Excel is always a good starting point for the more complicated programs to come!

RealData is the next software program we’re going to discuss, and it’s kind of like Excel and is all about property investment and comes in two different versions. One version is for small portfolios while the Professional version can handle any and all properties that provide income, including hotels, and it compares unit prices and combines incomes from all different kinds of properties!

REI Wise is a really innovative cloud commercial real estate software that is purchased through a subscription that includes a PowerBroker suit that’s really great at helping with marketing tools, financial leasing modeling, and all forms of investment. It’s great for professionals who invest in properties because it has a transaction platform that allows you to have a virtual deal and documentation room.

The Argus Software is another interesting investment tool that offers its enterprise-class suite that entails a lot of useful tools for commercial real estate companies. You can do a whole assortment of functions in the suite including budgeting, managing assets, lease and portfolio management, and valuation.

PrAPOD is an application very similar to Excel that primarily useful for personal investors who are rather serious about property analysis. There are three unique versions to this software that can help people from the beginning processes of commercial investing all the way to being an active holder of dozens of properties.

CREmodel is a great investment software package that is also more affordable than some of the others on this list, which is a relief because many of these programs are rather expensive! You’ll be able to easily monitor some of the more important metrics that small and even medium-sized investors need to be looking at on a regular basis. By being able to calculate things like leveraged IRR, ROI, and cash-on-cash returns in an Excel template you’ll get an incredible bang for your buck!

RealBench is another program specifically useful for property investment that’s good for both Windows and Mac that essentially benchmarks properties as good or not as good. All you have to do in this program is type in the specific property’s information and then you’ll see the evaluation that will include metrics like debt coverage ratio and gross rent multiplier. The dashboard is really helpful in terms of comparing several properties at once too!

PlanEASe is a great tool for all kinds of cash flow projections and financial analysis that apply to commercial real estate firms. It’s available on the cloud and it’s incredible at managing office and multi-unit residential properties by combining its reporting, graphics and portfolio analysis tools. If you’re in need of some visual support for a presentation at your office this could be a really great way to do so too.

Realty Analytics is a tool that helps you analyze your potential investments within all types of real estate options including industrial, commercial and residential properties. It also helps you figure out your business plan in terms of working with a bank to get the financing for these kinds of investments. Industry professionals should take this program very seriously as it is something that could very easily help boom your business forward.

Blyncc is a really unique real estate software as compared to the rest of these because it has a very useful phone app called TheAnalyst that combines investment analysis tools, PDF reporting and financial calculators all into one, easy-to-use dashboard. Other tools include a property distance measuring platform and an amortization calculator, so there really is a lot you can do with this software!

Rate this item
(0 votes)

Agent Resource

Limited time offer - 50% off - click here

Realty Times

From buying and selling advice for consumers to money-making tips for Agents, our content, updated daily, has made Realty Times® a must-read, and see, for anyone involved in Real Estate.