7 Best Investment Software for Real Estate Investors

The most successful real estate investors evaluate prospective financial performance with investment software tools to make better decisions.

Table of contents

1. Should You Employ Investment Software?
2. What to Look For in a Real Estate Investment Software
3. The Top 7 Real Estate Investor Software Platforms
4. Conclusion

Several great, cloud-based software solutions are available at a very affordable or no cost. Based on crucial financial parameters, software built exclusively for the real estate business makes it simple to select the most lucrative rental property.

In this article, we’ll show you how to choose the top real estate investor software for your specific business requirements.

Should You Employ Investment Software?

It is possible to manage one or two rental homes using a computer and spreadsheet. Still, it is not the most practical or professional method to operate in today’s competitive environment.

Here are just some of the ways advanced real estate investor software solutions available today assist you in scaling up and growing your rental property company:

• Processing rental applications, background checks, and credit checks
• Offering online listing and advertising solutions
• Rent collection and vendor payment
• Analyzing prospective real estate deals
• Keeping track of the financial status of your real estate portfolio
• Finding the best real estate property

You can simplify your processes, enhance revenues, and monitor the performance of your rental properties up to the last dollar by selecting the best investor software for your business. Now let’s see how you can choose a real estate app that best suits your needs.

Related: How to Use Real Estate Analytics Software to Make Money

What to Look for in a Real Estate Investment Software

The ideal real estate software for one property owner may not be the best option for other owners. Property types differ, as do investment techniques. With that in mind, consider the following features while searching for a real estate investing software:

1. The system should be adaptable enough to manage many property types, including single-family houses, modest multifamily units, and short-term rentals.
2. The real estate investing software can assist you in scaling up and growing your rental property business.
3. It should be easy to use on a laptop or desktop, or tablet, or it has an Android or iOS mobile application.
4. It should be capable of tracking asset performance at the unit and portfolio levels.
5. The software should be able to import, organize, and keep all rental property documentation online.
6. There should be little or no learning curve required to input a rental property, execute financial reports, and examine property information.
7. It should provide the finest security in the business when storing your personal information and should never disclose it to a third party.
8. You should be able to download tax-ready financial statements to speed up and simplify year-end reporting.
9. It should be cost-effective and has no complicated features that most rental property investors don’t use.
10. Its customer support should be responsive and allows you to speak with an actual person.

Based on the criteria listed above, we have thoroughly examined a couple of investment software and decided on the seven best tools worth checking out.

The Top 7 Real Estate Investor Software Platforms

As we go, we’ll explain who each of these platforms is intended for, so you can pick the property investment, management, or home flipping tool that’s right for you. Let’s go ahead and take a look.

1. Mashvisor (Best Real Estate App for Beginner Investors/Investors Looking for Their First Property)

• Accuracy: High
• Customer support: Great
• Budget-friendly: Yes
• Useful tools: Many
• User friendly: Yes
• Trustpilot rating: 4.6

Mashvisor is a powerful AI-powered analytics tool designed to assist real estate brokers, investors, and property managers in locating profitable investment properties quickly. They may also use it to examine and calculate the prospective return on investment on the houses they are interested in.

Mashvisor’s data is known to be accurate and up-to-date. It gathers information from numerous sources, evaluates it for correctness, and arranges it effectively. Real estate investors will then have an easier time analyzing those figures quickly. Since it’s the best real estate app, especially for beginners, Mashvisor saves you time and provides confidence in investing, helping you meet your aims.

Mashvisor Features

Mashvisor functions are all meant to complement one another. Each offers a solution for every stage of real estate investing. Among the features are:

• Property Comparison
• Heatmap
• Property Finder
• Neighborhood Analysis
• Real Estate Calculator
• Off-Market Properties
• Lead Qualification Tool

We will now elaborate on a few of the most prominent Mashvisor investment software features:

Property Finder

Mashvisor’s Property Finder enables you to filter homes on your display based on your preferences. Aside from the financial factors, you may also filter homes by different options such as built date, property type, number of bathrooms and bedrooms, and property status.

Learn More: How Is Mashvisor’s Property Finder Helping Real Estate Investors?

Real Estate Heatmap

Mashvisor’s Real Estate Heatmap is among the platform’s best-kept gems, always listed first in Mashvisor ratings. It’s great for your first investment property search and is easy to use. On the Heatmap, accessible properties are represented as pins on a city map or neighborhood. Activating the heatmap will show which property markets are hot and which are not based on your selected criteria.

Investment Property Calculator

This tool, often known as the Real Estate Calculator, can examine properties for both standard and short-term rental methods. You simply need to enter your financial expenditures. Then, the program will calculate your property expenses, rental revenue, and occupancy rate to show your expected cash flow and returns.

Since we can go on and on regarding Mashvisor investment management software tools, it’s better if you take a look at it yourself.

2. Stessa (Best for Rental Property Finances for Small Businesses)

• Accuracy: Usually accurate
• Customer support: Could be better
• Budget-friendly: Yes
• Useful tools: A few
• User-friendly: Yes
• GetApp rating: 4.8

Stessa is a cloud-based investment manager software that simplifies the management of rental properties. It helps real estate investors optimize prospective earnings by automating revenue and spending tracking, providing individualized reports at the property and portfolio levels as well as smart money management.

Rental property investors use Stessa with single-family houses, modest multifamily buildings, and short-term rentals to:

• Automatically classify expenses and income
• Increase sales with real-time analytics
• Upload and save rental property paperwork
• Build a residential rental real estate portfolio securely
• Produce personalized financial statements and tax-ready documents

To start using Stessa, just input a property location, easily and securely link your accounts, conduct the reports you want, and see your metrics on your unique owner dashboard. Premium features, such as mortgage financing, are accessible for an additional charge.

Related: 3 Useful Hints for Keeping in Control of Real Estate Business Finances

3. RealData (Best for Both Small and Large Portfolios)

• Accuracy: High
• Customer support: Good
• Budget-friendly: No
• Useful tools: A few
• User-friendly: Somewhat
• User rating: N/A

RealData is an investment portfolio management software package that real estate investors and developers can download. It is Excel-based and offers Windows and Mac versions tailored for each system, but the documents are not cross-compatible. Various products are available in multiple configurations and for numerous reasons, such as for investors, developers, or a mix of both. 

It allows you to decide whether a house is worth investing in quickly. Furthermore, it provides a few calculators and real estate transaction analyzers to improve the business process. Reports and demonstrations are two of RealData’s most essential characteristics. Investors can build detailed presentations to entice potential lenders and investors.

Some of the features include:

• Effective commercial income modules
• Additional features and a partnership module
• Cash flow and resale analyses
• Real estate analysis for investments
  

4. Argus (Best for Efficient Business Management)

• Accuracy: Usually accurate
• Customer support: Good
• Budget-friendly: Somewhat
• Useful tools: A few
• User-friendly: No
• G2 rating: 4.1

Argus is a comprehensive investment tracking software that aims to improve business management. It has the potential to forecast future trends in the real estate market, which is quite helpful.

Moreover, it provides insights into the influence of macroeconomic shifts. This allows real estate investors and managers to make educated decisions in real-time. It allows different teams to collaborate since it is enterprise-level real estate software that provides data sharing and collaboration functions.

Let’s see some of the features:

• Risk and scenario analysis
• Strategic planning and budgeting
• Tools for investing and managing funds
• Valuations and cash flow forecast
  

5. FlipperForce (Best for House Flipping)

• Accuracy: Usually accurate
• Customer support: Good
• Budget-friendly: Yes
• Useful tools: A few
• User-friendly: Somewhat
• Capterra rating: 4.8

Are you mainly looking for house flipping software? FlipperForce is a straightforward house flipping program that calculates profitability, predicts repair costs, organizes project schedules, estimates ARV real estate, and more.

FlipperForce is a web-based house flipping tool for house flippers, developers, rehabbers, and real estate investors. It offers a one-stop shop for reviewing rehab agreements, managing projects, and tracking project finances. This real estate investment management software, among other things, assists investors with bookkeeping, contact management, records management, and report preparation for lenders and investors.

Some of the features include:

• Rehab project management
• Deal analysis
• Project accounting
• Tracking expenses
• Manage schedules
  

6. SparkRental (Best for Landlords)

• Accuracy: High
• Customer support: Good
• Budget-friendly: Yes
• Useful tools: Not so much
• User-friendly: Somewhat
• Trustpilot rating: 4.3

SparkRental lets you manage everything from promoting your property to collecting payments and issuing reminders. Furthermore, the majority of the functions are free. This tool may be a good starting point if you only have a few properties and want to see how much time and effort you streamline.

It offers free and paid state-specific lease agreements, rental listing distribution to numerous listing sites, online rent collecting, income and expense reporting, e-tax statements, and other services.

Here are some of its features:

• Tenant screening
• Leasing and signing
• Rent collection and financial reporting
• Communication, maintenance requests, and tracking
• Advertising
  

7. DealMachine (Best for Unknown Off-Market Deals)

• Accuracy: High
• Customer support: Could be better
• Budget-friendly: Yes
• Useful tools: Not so much
• User-friendly: Yes
• Apple app store rating: 4.8

DealMachine is an online real estate investment software that delivers comprehensive information on any asset. After installing the app on your smartphone, you can begin driving around looking for distressed houses. When discovering a property, input the address and photograph it with the app.

DealMachine investment software then quickly offers information on the current ownership, when they acquired the property, how much they paid, and how much capital they have in the property.

If you like what you’re getting, you can then press a button to have the tool send an automated letter to the owner on your behalf and, if desired, follow up automatically. However, you will have to search elsewhere for expanded owner contact information such as phone numbers, email addresses, and other physical postal addresses.

Some of its best features are:

• Unlimited property owner lookups in the city
• Batch skip tracing
• Real estate direct postcards
• Workflows
• Real estate list builder

Conclusion

If you are interested in investing in real estate, there is a real estate investment software created to meet your demands, based on your portfolio size, expertise, and investing specialization.

Before adopting any particular property investment or house flipping tool, be sure you sign up for a free trial. Each of the software choices listed above will have a period of adjustment. The more sophisticated the platform, the steeper the learning curve (however, not in every case).

The correct real estate investor software will make things easier and your operations more successful as a rental property investor. As housing prices increase and markets grow more fierce, optimizing your real estate business might help you stay ahead of the next investment storm and find the best real estate investments.

To get access to Mashvisor’s real estate investment tools, sign up for a 7-day free trial today, followed by 15% off for life.