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Best property feaso software

Discussion in 'The Buying & Selling Process' started by Linxlot, 10th Aug, 2016.

  1. Linxlot

    Linxlot Member

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    Perth
    Hi
    Is there reasonably priced property purchase/development software or spreadsheet.
    Tia
     
  2. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

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  3. Big Will

    Big Will Well-Known Member

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    Another vote for Somersoft - PIA, here was a review section of a number of options;

    http://onproperty.com.au/investment-property-software/

    extract for PIA is;

    PIA has been somewhat of an industry standard for quite some time. This is mainly because there are little to no competing products on the market.

    It is a very complete solution allowing you to do a myriad of calculations to assess the potential return of an investment property.

    Pros

    • Been around forever (tried and tested)
    • Very complete solution allowing you to do a lot of calculations
    • Analysis is very detailed
    Cons

    • Only works on Windows PCs
    • Extremely complicated to use (145 page instruction manual needed)
    • Data is shown in difficult to read tables (too much information I think)
    • UGLY as a butt face (actually it’s uglier)
    • Expensive $245 (Personal Use) and $495 (Professional Use)
    For the cons, I agree with some but disagree with expensive (some charge $20 p/m up to $250 p/m). It does take a bit to get used to inputting the data correctly, but it gives you a lot of flexibility with running different scenarios. Then again I didn't read the manual.. typical 30yo male not wanting to read manuals. However now I am learning how to do a portfolio analysis rather than an individual property by property.

    I never found the difficult to read the tables but my grandfather would.

    My biggest gripe with it is that it looks really bad , however do I want a pretty looking interface that does only part of what it does? No way, I would rather have PIA in its 'ugly' beauty than miss out on critical calculations.
     
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  4. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

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    Looks like you can run on Mac PC;

    To run PIA on a Macintosh, we recommend CrossOver by Codeweavers. It does not require a copy of Windows and PIA owners get a 20% discount.
     
  5. Threebythree

    Threebythree Member

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  6. Big Will

    Big Will Well-Known Member

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    Haven't used it but I think my mind would be overloaded with the amount of data shown at any one time.

    On the PIA software you can drill down into the information rather than have all the information displayed at one point in time.

    PIA I find isn't overloading me with data unless I drill into it;
    upload_2016-9-5_14-23-2.png

    upload_2016-9-5_14-23-38.png

    Compared to the spreadsheet which is displaying my purchasing costs, assumptions everything.
    upload_2016-9-5_14-22-19.png

    End of the day the choice is yours but typically most people will prefer a program over a spreadsheet (we all do enough spreadsheets in our lives).

    Further with PIA you can link all of your portfolio together and how it is going/forecast, not sure if you can link the spreadsheets together.
     
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  7. MTR

    MTR Well-Known Member Premium Member

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    I believe the developing packages are expensive?
    None of this stuff for me, I am old school, pen, paper, outgoings vs sales...
     
  8. Scott No Mates

    Scott No Mates Well-Known Member

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    Yardi by a long shot.

    Cougar if you want .
     
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