ProAPOD Real Estate Investor Software 4.0 has been updated and is ready for you to download. Here’s what we did.
We added a feature to the Proforma form that will allow you to include one additional vacancy rate to your revenue projections. Whereas the previous version of our real estate investor software merely took the vacancy rate entered in the Expenses form and computed for that rate for all ten years in the Proforma Income Statement, you now have the option of adjusting that rate starting in the second year of ownership. This should prove to be extremely useful in cases where you might anticipate a high vacancy rate during the first year of ownership (perhaps the result of remodeling) and a lower vacancy rate thereafter.
For example. Say that the rental property you are purchasing is expected to have (for whatever reason) a 20% vacancy rate during your first year of ownership but only a 5% rate for years 2-10. Rather than you being stuck having to project your revenues for ten years based upon an 80% occupancy, the software will automatically start computing the revenues and returns at a 95% occupancy starting in the second year (or whatever rate and year you choose).
To obtain this FREE real estate investor software update, simply login to your Customer Account page and click the download button under Updates.
Naturally we try hard to maintain the highest quality but we aren’t perfect. Sometimes (albeit rarely) an issue does slip by us, so please report any problems that you might encounter immediately so we can fix it.