ProAPOD Real Estate Agent Software 6.0 has been updated and is ready for downloading. If you are currently using this real estate investment software solution, simply login to your account and click the download button under “Updates”.
Here is what we added.
- An entry for property upgrades. This allows you to include an amount for upgrade costs (i.e., painting, carpeting, roofing, and so on) in addition to the property’s operating expenses. This allows you show any one-time cost separate from ongoing costs required to run the property and is revealed in the APOD, Rent Scenarios, and Proforma Income Statement.
- A line item in the proforma income statement that shows the investor’s profit after a sale. This was suggested by a customer who typically likes to inform his investors what profit they might expect after they sell the property. This was done by deducting the investor’s initial investment plus upgrades from sale proceeds.
- The operating expense computation in the rent scenarios form and report was modified to change how operating expenses are shown. This was also a suggestion made by a customer. Rather than simply computing operating expenses in the Rent Scenarios as a percentage of GSI, the program carries-forward the actual dollar amounts entered in the Expense form and changes only those entered as a percentage of GSI in the Expense form. This allows you to see a truer result when rents are increased.
Although every effort has been made to insure the integrity of these revisions to our real estate software, please notify me immediately if you encounter any issues as a result of these revisions.