NEW: Article on Rental Property Evaluation

A new article on rental property evaluation that shows real estate investors and agents how to quickly and easily estimate a rental property’s value has been posted on the ProAPOD website entitled “2 Easy Ways to Quickly Estimate a Rental Property’s Value”.

The article explains the meaning and formulation for Gross Rent Multiplier and Capitalization Rate, and then shows how each can be used to compute an estimated value for any particular rental income property. Here’s an excerpt:

“Sometimes it helps to be able to calculate a rental income property’s estimated value just as a quick first-glance look to determine whether its in line with similar properties in the local market area…not to provide a true picture of a property’s profitability, but just to help decide whether or not it even comes close to being a good real estate investment opportunity”

The article is free to read courtesy of ProAPOD Real Estate Investment Software.

NEW: Article on Break-even Ratio

A new article to help real estate investors and agents understand the Break-even Ratio has been posted on the ProAPOD website entitled “How to Compute Your Investment Property’s Break-Even Ratio”.

The article explains the meaning of the ratio, why lenders use it when they are considering to underwrite a loan for rental income property, and the formula. Here’s an excerpt:

“Anyone who has been around real estate investing for any length of time is undoubtedly familiar with the term, Break-even Ratio, yet may not have a clue what is and why it’s used. So it seemed like a good idea to explain it.

Break-Even Ratio (or BER) is commonly used by lenders when they’re considering to underwrite a loan…”

The article is free to read courtesy of ProAPOD Real Estate Investment Software.

NEW: Article on the Benefits of Real Estate Investment Software

The article. “7 Ways Software Can Help Anyone Service Income Property”, written by James Kobzeff, the owner and developer of ProAPOD, was posted on ProAPOD’s real estate investment softwarewebsite on April 13, 2017.

The article shows real estate brokers, agents and investors seven ways that a quality software program can help them service investment real estate. For instance, never having to learn the various formulas required to compute property cash flows and rates of return because they are built-in to the software and compute automatically as you enter the property data.

Read the article…

So You Know

This is just one of many real estate investing articles freely available for reading to visitors of the ProAPOD website. To see the complete directory of articles, videos, and other helpful investor resources, visit the ProAPOD Learning Center…

The ‘One-Page’ Marketing Package

market package

Once a real estate broker successfully obtains a listing to sell a rental income property, the next crucial event facing the broker is to get it sold. This is typically done using a marketing package that highlights all the important data related to the property so colleagues and potential real estate investors can preview it.

Though both of ProAPOD’s investing software solutions include a multi-page presentation typically referred to as an “Executive Summary”, they also include a one-page summary simply called the “Marketing Package” (illustrated below).

market package

The benefit of using this “one-page” marketing package is that it is very easy to distribute to colleagues at venues like real estate investing clubs. It provides more than enough property data for a real estate investor or agent to determine whether or not to pursue the property without having to carry a stack of multi-page reports.

So You Know

ProAPOD Agent 6 and Executive 10 real estate investing software solutions both create this one-page marketing package automatically…you simply enter the property data into the appropriate forms and print when you’re ready.

ProAPOD Changes Its Software Solutions’ Names

ProAPOD Real Estate Investment Software made some changes to it’s solutions.

  • Investor 8 is no longer available for purchase. After eight years, we decided to no longer market Investor 8 as one of our real estate investor software solutions. It does not affect any current users.
  • Analysis 10 has had its name changed to Executive 10. Still the same great real estate investing software it has been for the past ten years, just gave it a new name.
  • Analysis 6 has had its name changed to Agent 6. Still the same great real estate analysis software it has been since 2000, just gave it a new name.

Why Sell Real Estate Investment Property?

james kobzeffReal estate agents commonly come to a crossroads during their business activity that concerns real estate investment property. It goes something like this:

“Should I start servicing other real estate besides the residential properties I’m already comfortable with and venture into servicing real estate investors and rental income property, or not?”

In other words, the realtor is really contemplating whether it would be worth the effort to expand his or her business activities to include selling real estate investment property along with single-family homes, or just to dismiss the notion altogether.

Fair enough. When I first became a realtor I also came to that same crossroad. But in my case, I guess I didn’t over think it and simply accepted the idea that any closed transaction (regardless) meant more commission and a bigger paycheck.

As it turned, I was right. It did mean higher commissions to sell real estate investment property; in fact, I liked the result so much that I devoted the following thirty or so years of my real estate career listing and selling investment property exclusively and never sold residential property again.

Okay, but I’m getting ahead of myself. I’m not suggesting that brokers and agents should give up their residential property business. Hey, there are home buyers that rely upon your expertise and service.

I’m simply suggesting to you (real estate broker and agent) that you are probably missing out on a great opportunity to increase your income by neglecting to list and sell real estate investment property. Think about this.

  1. You don’t have to be an expert. Whereas commercial real estate requires expertise, residential income property does not. With only some minimal preparation almost any realtor can sell apartment buildings.
  2. The listing and sale function is similar. Other than some nuances that we’ll discuss in a moment, it really boils down to just locating a property that meets the buyer’s criteria.
  3. You probably already know some investors. Chances are good that many of the customers you’ve sold a house to are ready to also make an investment in rental income property. So you may hit the ground running.

So how do you prepare?

  1. Foremost, understand that real estate investors buy cash flow, and are not necessarily interested in the amenities the way a home buyer is. A sale will depend on whether the rental income property is profitable, not whether it’s a nice place to raise the family. So think in terms of presenting numbers to your customer.
  2. Acquaint yourself with a few returns and reports associated with real estate investment property. Two of the more popular are Cap Rate and APOD. So make it your first assignment to learn about these.
  3. Research your local market. Look for what’s currently available from duplexes to larger apartment complexes. Pay particular attention to what financial data is presented to get an idea of what’s expected.
  4. Find a friendly colleague already engaged in real estate investing. Perhaps over a cup of coffee he or she will be generous enough to share some insights about real estate investment property with you.

 

PDF Printing Update Coming to ProAPOD

ProAPOD Real Estate Investment Software is currently in the throws of updating the PDF printing function for all three of it’s real estate investing software solutions.

Along with some with some general house keeping and refreshing of the forms and toolbar commands, the primary focus is to make PDF printing easier so users can create a PDF report with less effort.

Although ProAPOD currently provides customers a way to print their reports as a PDF, it does require the customer to install a third-party PDF software program. And though highly efficient, these third-party programs have not been particularly easy for some customers to understand and easily use.

To make PDF printing easier, ProAPOD is recoding the procedures in each of it’s real estate investment software solutions. Once completed, the user will be able to simply select the real estate analysis and marketing reports he or she wants to create as a PDF and click one button. The rest will be fully automatic. The user will find the the PDF in the location on the computer he or she saved it completely ready to be distributed.

This PDF printing update, however, will only benefit customers using Windows Vista and Excel 7 or newer. Unfortunately, older versions of Windows and Excel are not compatible with the coding required to provide this update. Customers using Windows XP, for instance, will still have to rely upon third-party PDF software.

This update should be available by the end of October barring any unsuspected issues. If you have questions, please feel free to call me so we can discuss it further.

So You Know

ProAPOD provides three real estate analysis software solutions that are each concisely designed to make it easy for realtors and real estate investors to create rental property cash flow analysis and marketing reports.

 

 

Real Estate Investing Tutorial Videos Available

Trying to learn real estate investing nuances and formulas? ProAPOD real estate investing software has created a number of videos ranging from How to Calculate Cash Flow After Tax to How to Construct an Annual Property Operating Data (APOD).

These videos are free-to-watch and require no registration. The full list of videos can be found on the ProAPOD website at Learning Center > Tutorial Videos.

Why not watch and learn?

The videos are reasonably short, and they are designed to teach. Best of all, they are absolutely free to watch right on the site without obligation.

Last Chance for 2013 Tax Write-off on Real Estate Software

As January 1 quickly approaches, you are given just a few days more to make an investment in your real estate business as well as to take advantage of writing the investment off your income taxes for 2013 with a beneficial real estate software solution.

ProAPOD provides four powerful and affordable real estate software solutions that you should consider to accomplish both. So you gain the benefit of having the best real estate evaluation software available on the web and save tax dollars at the same time.

Agent 6

agent 6The primary essentials to create professional cash flow analysis and marketing presentations when you just want to get started with income property analysis at the greatest value.

Service any multi-family property like a pro quickly, effortlessly, and with 100% professional-quality results. Our recommendation for any real estate agent or investor who is considering rental property analysis for the first time and wants the basic elements, calculations, and reports to hit the ground running.

Price

$149.95
TWO downloads for two computers
NO subscription fees
FREE telephone support

System Requirements:
MS Windows and Excel

Learn more about Agent 6…

Investor 8

Investor 8An affordable ‘deep-level’ cash flow analysis solution when you’re a novice investor who just wants all the robust elements to make ‘expert’ acquisitions for casual investing.

Know your ‘real’ profit and rate of return before you shell out your money on any investment property. Our recommendation for casual ‘mom and pop’ investors who are investing for their future (perhaps for retirement).

Price

$199.95
TWO downloads for two computers
NO subscription fees
FREE telephone support

System Requirements:
MS Windows and Excel

Learn more about Investor 8…

Executive 10

Executive 10Our ultimate deep-level cash flow analysis and marketing real estate software solution when you plan to remain actively engaged with investment real estate property.

Start, build or grow your real estate business with the most complete range of elements, features, and reports. Our recommendation for agents and investors who plan to engage in rental property evaluations as an ongoing business.

Price

Just $279.95
TWO downloads for two computers
NO subscription fees
FREE telephone support

System Requirements:
MS Windows and Excel

Learn more about Executive 10…

iCalculator

iCalculatorMake dozens of real estate calculations in seconds with just a few entries in a user-friendly form…PLUS learn the definitions and formulas as you calculate.

The innovative way to make complex calculations with ease while you learn the nuances of real estate investing. Our recommendation for anyone who wants to avoid using a hand-held financial calculator to make the most popular real estate calculations.

Price

$24.95 (64% off retail)
24/7 online access
NO subscription fees
Unlimited FREE updates

System Requirements:
24/7 mobile online access from any device

Learn more about iCalculator…