The most successful real estate investors utilize cutting-edge technology to make smarter decisions about their investments. But, the technological landscape moves so quickly that it can be difficult to keep up with the latest innovations. Here is a look at some of the best real estate investment software currently available.
Best Real Estate Investment Software
1. Appfolio
Appfolio is an all-in-one property management software that offers everything investors need to manage their real estate portfolio. This cloud-based real estate investor software platform is designed to accommodate anyone from small residential landlords to multifamily and commercial investors. It offers robust communication tools, accounting solutions, maintenance workflows, AI-driven marketing and leasing features and so much more.
Appfolio is perfect for real estate investors who want an easy way to manage their properties using advanced analytics. The software features a simple dashboard that can generate important metrics on key data points such as occupancy and cash flow. Plus, it offers a centralized communication platform that allows you to contact residents and respond to maintenance requests.
- Suitable for landlords and commercial investors
- Easy-to-use communication tools
- Accounting Tools
- Advanced property metrics
- AI driven marketing campaigns
2. Real Data
Real Data is real estate analysis software that helps investors make smarter decisions about the properties they purchase. This excel-based program is great for both small investors and large firms. It can be used for residential and commercial properties as well as subdivisions, land, mixed-use, and condominium projects.
They offer an array of products and tools including real estate investment calculators, personal finance statement generators, comparative lease analysis software, commercial and industrial development analysis, and reports, educational video course and so much more. This is the perfect software for those who want a comprehensive breakdown of a deal they are working on, with tools to be able to share that data with potential investors.
- Ideal for property investors and developers
- Real Estate Analysis Software
- Analyze build-and-hold, buy-and-hold and fix-and-flip properties
- Advanced property metrics
- Annual Property Operating Data Worksheets
3. FlipScout
FlipScout is free real estate investor software that allows you to find properties that are well suited to buy-and-hold, fix-to-rent, and fix-and-flip investors.
In order to use FlipScout, you simply need to sign-up for a free profile via this link.
- Completely free to use
- Calculates rehab costs automatically
- Predicts ROI and rental income instantly
- Allows you to aggregate results from various sources
- Works for flips and rental properties
4. REIPro
REIPro is a lead generation and real estate customer relationship management software (CRM) that helps investors streamline their marketing and property management efforts. The software allows investors to easily analyze deals, management properties and generate contracts, research comparable sales on the MLS, research properties for ownership and tax info, gain access to continuing education modules and so much more. This offers investors the opportunity to easily find potential investment properties and streamline their workflow from the research phase until the closing.
- Real Estate CRM
- MLS Comparable Sales
- Investment Property Deal Analyzer
- Lookup Property Details including tax records and past owners
- Designed to help you find real estate leads anywhere in the US
5. DealCheck
DealCheck is a real estate investing program that allows users to analyze a variety of different rental properties in a matter of seconds. This real estate analysis software software works for rental properties, BRRRR properties, fix and flips, and multi-family buildings.
Users simply search for properties and import data such as the list price, value, and rent estimates. They then input the parameters such as the financing, closing costs, rehab budget, etc. to customize the analysis to fit their current deal.
Once the data is inputted, users can instantly view the property’s potential cash flow, cap rate, ROI, profits, acquisition costs, and more. Plus, they can also research recent deals and pull up rental comps to make more informed purchasing decisions.
- Analyze any investment property in seconds
- Works with BRRRR's, flips and multi-family buildings
- Import dozens of property data points
- View list price, estimated value and rent estimates
- Detailed financial analysis and projections
- Ideal for a rental property business
6. Argus
Argus is commercial real estate investor software designed for investors, asset and portfolio managers, fund and investment managers, and property developers. It allows users to generate insights backed by crucial data, manage risk and improve investment performance.
This software is designed for commercial real estate firms that are looking for powerful software to provide detailed analytics on the potential and performance of real estate assets. They offer a variety of software products, including the Enterprise, Taliance, Estate Master, and Developer Editions. Each product offers different pricing structures and features that range from property valuation and asset management to fund and alternative investment management.
- Commercial property valuation and real estate asset management software
- Real estate fund and alternative investment management software
- Property development feasibility, appraisal and management software
- Real estate development pro forma, project financing and management software
- Built for owners, investors, developers and portfolio managers
7. RealNex
RealNex is a CRM and commercial real estate software that provides data management, analytical analysis, and marketing features to real estate investors. It offers a variety of useful tools, including investment and lease analysis, deal management solutions, email integration, a mobile app, and a presentation generator.
RealNex is an all-in-one solution for investors looking for a program that can handle everything from lead generation to property management. The company strives to be at the forefront of real estate technology and offers effective solutions to some of the industry’s leading problems. The comprehensive software is great for both independent investors and large firms with tools meant to increase efficiency and reduce redundancies.
- Streamlines the full CRE Lifecycle
- Integrates easily with Gmail and Outlook
- Accelerates your ability to move from pipeline to closing
- TransactionManager brings the leasing process online
- Advanced real estate marketing tools
8. CREModel
CREModel is a real estate investment software that analyzes commercial properties to create excel-based financial models. It offers a comprehensive analysis of properties that include multi-family apartment buildings, shopping centers, industrial buildings, office complexes, and mixed-use projects.
The powerful software can be used to generate reports on crucial data points including return on investment, internal rate of return, net present value, cash on cash return, loan to value ratio, debt coverage ratio, and more. This software is affordable and easy to use and allows investors to make important calculations that will determine the viability of an investment.
- Comprehensive Excel based proforma template is all set up - just input the numbers
- Real estate investment model that works for all types of commercial real estate projects
- Neat and orderly spreadsheets that are understandable to the bank and investors alike.
- Real estate modeling software you can count on - no more math errors
- Since it's an Excel spreadsheet template, you have maximum flexibility
- Ideal for real estate investors that use Excel to power their rental property business
9. The Analyst Pro
The Analyst Pro is a commercial real estate marketing and analysis platform that allows users to perform complex calculations in record time. This cloud-based software claims to be the fastest and simplest analysis generator ever created and its reputation seems to live up to the hype.
This easy-to-use real estate software allows users to accurately analyze investments, leases, loans, demographics, location risk, and more. It also allows real estate investors to quickly generate reports with the compiled data that can be shared as flyers, brochures, and infographics. This can be a helpful tool for those looking for a fast, reliable way to gather market data to help make better investment decisions.
- Real estate investment modeling software
- Investment Analysis
- Rental Property Lease Analysis
- Location Risk Analysis
- Includes Offering Memorandums (OM's)
10. ProaPod
ProaProd is real estate investor software that allows users to quickly analyze rental properties and generate reports. Users can calculate cash flows, rate of return, pro formas, and more. ProaPod is straightforward to use, so you don’t have to be a tech expert to get the data you need. Plus, you can even customize the reports to include your company logo or a picture of the property. ProaPod is great for those who want easy-to-learn software that is capable of producing real-time calculations of a rental property.
- Ten year cash flow forecasting
- Professional quality property reports
- Automatic real time calculations
- Real estate investment summaries
- Annual Property Operating Data
Final Thoughts
Ultimately, there is a variety of comprehensive real estate investing software on the market. Which real estate software program you choose will depend on the deal you’re working on and what you’re looking to do. You may choose just one, or you may mix and match for different scenarios. Either way, each of the programs listed offers great value for your money.