HOME     SITEMAP     RSS     TWITTER     EMAIL    
Search:   

FollowSteph Follow Steph as he posts Blog Blazer Friday
 

LandlordMax Property Analyzer

For over a year now we’ve been internally discussing about releasing a “Property Analyzer” software product to compliment our core LandlordMax Property Management Software. This Property Analyzer software would help you analyze real estate properties before you purchase them rather than manage them like LandlordMax. The main idea is that you could enter in information about a real estate property and try many different scenarios in seconds to see if a property’s numbers worked for you.

To give a quick and simple example, you could see if the real estate property you’re interested in purchasing for $200k (or $220k, $230k, etc.) at an interest rate of 5.6% for 10 years (or 4.8% for 5 years, etc.) with a rent of $1000/month (or $950/month, etc.) would be cash flow positive assuming a vacancy rate of 3% (5%, etc.), and so on. Basically you could run through a number of different scenarios in seconds to determine if that property will work for you, if it it will make you money and how (cash flow, capital appreciation, etc.).

However before we break the ground and start implementing this potentially new product, I’d really like to hear from you about it. Would you be interested in a “Property Analyzer” software product from LandlordMax? And if so, what features would like to have in it? Which features absolutely have to be in it? Let me know what you think.

I look forward to all your comments.



 
Like this article?

Comments:

  •     Keith Casey
    · June 1st, 2006  · 11:50 am  · Permalink

    This isn’t my industry at all, but I think the concept of this analysis is really pretty interesting. I think the key would be the UI…

    I’m all for it, but wouldn’t buy it. 😉

  •     Steph
    · June 5th, 2006  · 12:44 am  · Permalink

    I absolutely agree. To be the easiest property management software (LandlordMax) on the market, the UI (User Interface) was a very big part of that success. Assuming we go forward with this software, our main differentiator will again be how easy the software will be to use.

  •     Magnus
    · June 17th, 2006  · 9:18 am  · Permalink

    Steph,
    At Datscha (www.datscha.com) we’ve created a ‘Property Analyzer’ that is used by a large number of investors prio to the purchase of Swedish real estate.
    Drop me a line and I could run a WebEx for you.

    Finally, thanks for great blog.

    regards
    /magnus

Write a reply:





 
FollowSteph RSS
FOLLOWSTEPH'S
RSS FEED!


SOFTWARE AND BOOKS BY STEPHANE GRENIER:

LandlordMax Property Management Software

LandlordMax is the EASIEST
Property Management
Software available!
Try it for free!

Real Estate Pigeon

Real Estate Pigeon
The place to ask and answer
all your real estate questions

Blog Blazers: 40 Top Bloggers Share Their Secrets to Creating a High-Profile, High-Traffic, and High-Profit Blog!

Blog Blazers is a book that
features secrets from the
Top 40 Bloggers on the web

How to Generate Traffic to Your Website ebook

How to Generate Traffic to
Your Website
is an ebook for
to you achieve success


 

FollowSteph
More resources from Stephane Grenier:
PUBLICATIONS
For people who work on the web
Blog Blazers
How to Generate Traffic to Your Website
 
SOFTWARE
The EASIEST Property Management Software available!
LandlordMax


Copyright @2003-2013
LandlordMax Property Management Software

Disclaimer: This is a personal blog about my thoughts, experiences and ideas. The contents of this blog are for informational purposes only. No content should be construed as financial, business, personal, or any other type of advice. Commenters, advertisers and linked sites are entirely responsible for their own content and do not represent the views of myself. All decisions involve risks and results are not guaranteed. Always do your own research, due diligence, and consult your own professional advisors before making any decision. This blog (including myself) assumes no liability with regard to results based on use of information from this blog. If this blog contains any errors, misrepresentations, or omissions, please contact me or leave a comment to have the content corrected.