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Revealed - The Best Investment Property SoftwareInvestment property software can be a mind field, just like every other part of rental property investing, or property developing. Once you get seriously into making money from property you are going to find yourself needing to keep your accounts update. My guess is that when you got into property investing you didn't get into it to practice your accounting skills. But, unfortunately accounting comes as part of the territory. You need to be on top of your paperwork, yet you don’t want to be spending all your time doing paperwork, as you want to be focused on making money. Yes a good accountant helps, and is definitely needed long-term, if you haven’t got one already you might want to contact one through one of these two websites www.acca.co.uk or www.icaew.co.uk. to begin with you probably don’t need any software that is to elaborate, just basic spreadsheets will do. In the future we will be providing more free software. In fact, click on the following link investment property worksheet (created in excel), to be taken to our free deal analysing spreadsheet right away. Alternatively if you decide you are looking for a more advance spreadsheet then check out our investment property calculator instead. As you progress in your property investing career the need for more in-depth investment property software will become more and more apparent. You will have to keep on top of costs such as: solicitor, mortgage, letting agencies, accountants, estate agents, builders, other contractors – and that’s just to tip of the iceberg. Once you get to the stage where you have a number of properties in your portfolio you are probably going to want to invest in some more high tech property investing software. As mentioned earlier, we are planning to provide you with additional free software in the future to get you up and running. However, once you get to a certain stage you might out grow the software; in that case you might want to consider buying some from companies that make investment property software for a living. We have used different companies in the past that provide adequate software and we are currently in the process of reviewing a few different software options. We are reluctant to recommend a product or service that we are not 100% confident in and the ones we have used and continue to use, don't quite do the job we want. But stay tuned, as we will be doing some more investigating and we will let you know our results and reviews of the different investment property software we try. If there is any particular software you want us to have a look at and try before you buy it, just drop us a note via the contact form so that we can consider adding it to our list of products to be reviewed. Or maybe we will have already tried it and will let you know our opinion on whether it is any good or not. return from this investment property software page to the home page of investment property guru |
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