• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 1 of 3 1 2 3 LastLast
Results 1 to 10 of 25
  1. #1

    Default Property Analysis software

    Hi all. Iím keen to get feedback on the suitability of analysis software available. I havenít managed to locate too much so the names of any gems that you may be using would be great. I thought it may be useful to get investors feedback on whether spending the dollars is an investment or a waste of money. I certainly believe the software should save me a lot of time but are they accurate (or as can be for the info that you input) and dependable. The main ones Iíve come across are the Richmastery and The Property Analyser.

  2. #2
    Join Date
    Aug 2003
    Posts
    7,624

    Default

    We recommend and sell the NZ version of Jan Somer's Property Investment Analysis software. There is a free download and information at http://www.propertyinvestor.info/pia/?ext=1

    Sarah
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here



  3. #3
    Join Date
    Jan 2004
    Location
    Turangi
    Posts
    133

    Default

    Hi Roders

    I use the Richmastery software and find it easy and fast to use.
    Since buying and using it we have had chattels valuations done on some of our properties and the software is bang on.
    I guess at the end of the day you can do it all with pen and paper and the good old trusty calculator.

    Happy Investing

    Warwick

  4. #4

    Default

    Hi Roders,

    RevIQ launched the most advanced NZ Property Analysis Software for investor earlier this month.

    This software replaces the Richmastery software and has more than 3 times the features of Jan Somers PIA.

    Details can be found on the reviq web site: www.reviq.com. You can also download a FREE 14 day Trial, well worth doing as its features are impressive.

  5. #5
    Join Date
    Jun 2004
    Location
    Auckland
    Posts
    2,103

    Default

    If you are after income producing properties, write on a piece of paper the following:

    Rent x 52 weeks
    - (minus) Vacancy (say 2 weeks)
    - Rates
    - Insurance
    - Lawn (if required)
    - Water (if required)
    - Advertising
    - Maintenance
    - Property manager fee (if required)
    - Others (if required)
    - Mortgage Interest

    If you still get a positive figure, this is a cashflow positive deal that you should look further into. I like to treat depreciation as a bonus.

  6. #6
    Join Date
    Feb 2004
    Location
    Newcastle-under-Lyme
    Posts
    3,066

    Default

    Hear Hear Fudosan

  7. #7

    Default

    Thanks everyone, and Fudosan your bang on, and a nice simple way to get the raw info to assist in the decision. Looking at some of those available I can certainly see the benefits of time saving and the ability to calculate numerous variations. Its just justifying the costs of $200 - $1400 course I surpose its deductable eh.

  8. #8
    Join Date
    Jun 2005
    Location
    Mt Maunganui, NEW ZEALAND
    Posts
    1,463

    Default

    I have DDR's REAP software and it works well enough. However, I have used the same formula Fudosan mentions along with a list of criteria (and a little intuition) for some time. The software seemed like a great idea at the time but I could honestly do without it.

    Regards,
    Marcus

  9. #9

    Default

    HI Roders
    QED Reporting Services provide a property anlaysis service for $30.00
    You fill in a questionairre with the data and assumptions you have for a particular property and they provide a report showing the effect on your wealth, cashflows in/ out and when, and rate of return. There's also tables, charts and graphs and a handy report that shows the effect on your cashflow of around 100 combinations of pruchase price versus rent. This is very useful when trying to determine how much to pay for a given rent or how rental to charge for a given purchase price.

    regs

  10. #10
    Join Date
    Jan 2004
    Location
    Whangarei
    Posts
    5,867

    Default

    May I make an observation...

    If someone doesn't know how to figure out whether or not the numbers on a house are any good without using software, perhaps they shouldn't be buying an investment property anyway?


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Replies: 3
    Last Post: 14-09-2017, 12:26 PM
  2. Online tools for property analysis?
    By sparkytheclown in forum Property Investment (NZ)
    Replies: 2
    Last Post: 03-10-2011, 07:18 PM
  3. analysis of return on investment property
    By elliot in forum Property Investment (NZ)
    Replies: 15
    Last Post: 28-09-2011, 09:18 PM
  4. Advice on Property Investment Analysis Software???
    By JoeA in forum Property Investment (NZ)
    Replies: 11
    Last Post: 16-06-2011, 10:47 PM
  5. Real estate analysis software
    By aries457 in forum Property Investment (NZ)
    Replies: 26
    Last Post: 08-04-2008, 09:32 AM
  6. HI
    By MuppetsDaughter in forum Tenant Stuff (NZ)
    Replies: 8
    Last Post: 30-01-2005, 09:04 PM
  7. Free property analysis website (just for a bit of fun)
    By brydendavenport in forum Property Investment (NZ)
    Replies: 24
    Last Post: 09-07-2004, 10:31 PM
  8. Property Investment Analysis Software - REAP Vs PIA Vs .....
    By cyber in forum Property Investment (NZ)
    Replies: 2
    Last Post: 24-12-2003, 10:29 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •