Top 10 Real Estate Investor Software for Managing Rentals

Being a real estate investor can have its good and bad sides, but it is unarguably a very difficult and time-consuming occupation.

From keeping track of all of your investments, to making sure your rental properties are being filled, being a real estate investor is extremely demanding.

Making any slight mistake can lead to drastic problems, like a property underperforming or a decline in your cash flow.

For this reason, it is important that you have high-quality real estate investment software to make sure that you can keep track of all aspects of your real estate business.

To begin, let's go over what real estate investment software can do for you and your real estate business.

What is Real Estate Investor Software?

Similar to a real estate company, software for real estate investors allows you to keep track of all aspects of your rental properties. This allows you to have the most up-to-date information on all critical aspects of your investments and rental property business.

When deciding which software is the best for you, there are many things that you must consider. As a real estate investor, some of the most important things include:

• Marketing / Social Media
• Lead Generation
• Website Building
• Vacancy Listings
• Property Management
• Accounting

The best part about some of the software on this list is that they have the potential to automate the tasks listed above. This could serve as a major time-saver for you as it would cut the time that you spend doing all of these.

If this sounds like something that you would be interested in, continue reading to discover the best real estate investment software we have picked out for you.

Top 10 Real Estate Investor Software

Now that we know the benefits of investing in real estate investment software, we are ready to move on to our top picks.

DoorLoop

Great for: All-in-one Property Management

First on the list of the best real estate investor software for investors is DoorLoop.

DoorLoop is a comprehensive, all-in-one property management software that is made to cater to all of your real estate needs. This software was made with users in mind, providing a plethora of features, all in one convenient platform.

Even if you are just starting out as a real estate investor with your first investment property, or run a large company, DoorLoop has all of the features that you would love. Also, if features aren't the only thing you are looking for, DoorLoop is also:

• Lightning Fast
• Easy to Use
• Competitively Priced

DoorLoop Features

• Automatic Rent Payments: Collect rent quickly and easily via everything from ACH to credit cards
• Full Accounting Suite: Custom-crafted accounting suite for accurate cash flow analysis for your investment properties
• Tenant Portal: Communicate with your tenants, accept rent and fees, send maintenance requests
• Owner Portal: Provide owners regular reports and important property analysis information
• Maintenance Orders: Manage all of your work orders from one place, with the ability to create, edit, and communicate about work orders with tenants directly from the mobile app

DoorLoop Pricing

Since price is one of the most important factors that you have to consider when making your choice, DoorLoop has got you covered.

DoorLoop is just $49 per month for up to 20 properties.

Rentec Direct

Great for: Property Management

Next on the list of the best real estate investor software is Rentec Direct. This software is a very solid option for those landlords and rental property investors with smaller portfolios.

This option has some notable tools that many users would find very useful, like tenant screening and having a mobile app. However, many users find that the software is outdated and that the UI is slow and clunky.

Rentec Direct Features

• Accounting Suite with online tenant payments and reporting system
• Maintenance Requests and repair orders
• Online applications and vacancy listings

Rentec Direct Pricing

As mentioned before, Rentec Direct is an especially useful real estate investor software for landlords and real estate investors with less than 10 investment properties. This is because rental investors with less than 10 properties in their portfolio get a free version of the software.

Apart from that, Rentec Direct offers two different plans. One plan, called Rentec Pro, is mainly for landlords and costs $45 per month. The other plan is Rentec PM, which is mainly for property managers, costs $55 per month. Both of these plans have an unlimited amount of properties.

RealData

Great for: Real Estate Investment Evaluation

Being the first real estate analysis software on the list, RealData helps you evaluate your real estate investments. With this software, you can quickly analyze whether the investment property you are looking at will be profitable or not.

One of the most useful features that RealData offers is its suite of calculators that aid in real estate investment analysis. This software also provides reports and presentation capabilities to allow real estate investors to make in-depth presentations for others.

RealData Features

• Commercial Cash Flow Calculator
• Resale analysis
• Tax calculations
• Line-item expenses

RealData Pricing

RealData software has a variety of different pricing plans for you to choose from. The most advanced, and most expensive, plan is the REIA Professional Edition, which costs $495 and has no time limit. Other versions include the REIA Express Edition, costing $159, and the Commerical/Industrial Development which is $395. They also provide On Schedule software, priced similarly to the development software.

TheAnalyst PRO

Great for: Real Estate Investment Evaluation

Another solid option for real estate investor software is TheAnalystPRO. This software has a comprehensive set of commercial property tools that address the user's most important needs.

TheAnalystPRO represents the most relevant information for real estate investors and developers to help them make informed decisions. Also, this option provides some of the most impressive analysis and reporting tools of the options on this list.

TheAnalystPRO Features

• Rental Property Risk Analysis
• Full Suite of Calculators
• Commercial Property Tools and Ratings

TheAnalystPRO Pricing

Being one of the most expensive options on the list, TheAnalystPRO will cost you $599 for a yearly license. They also have options for $79 per month and $149 per quarter.

RealNex

Great for: All-in-one Investment Software

Next up on the list is a slightly different software, RealNex. RealNex is an all-in-one investment software that provides a complete package of tools for any real estate investor.

One aspect of this software that sets it apart from the other software on this list is that it provides customer relationship management along with useful real estate analytics. Apart from this, RealNex also provides a comprehensive set of tools for marketing and lead management, all found in the same place.

RealNex Features

• Real Estate Analytics
• Investment and Lease Analysis
• Integration with Various Apps
• Customer Relationship Management Tools

RealNex Pricing

RealNex software has three basic pricing plans for its all-in-one option, RealNex Navigator. The price starts at $149 per month with an annual payment, to $199 per month with no commitment at all.

Argu

Great for: Complete Real Estate Investor Software

Last on the list of the best real estate investment software is Argus. This software is a very powerful investment analysis software that offers a comprehensive suite of tools to aid in business management.

This software also supports data sharing and collaboration functionalities and enables teams to work together on projects. Moreover, this software can give insights into the changes in macroeconomics.

Argus Features

• Valuations and Cash Flow Analysis
• Scenario and Risk Analysis
• Financial Planning
• Investment Management Tools

Argus Pricing

The price for this software is not publicly available. However, if you would like to inquire about the prices, you can contact the sales team for a quote.

DealMachine

Great for: Discovering Properties

DealMachine is a slightly different software compared to the others listed in this article. Instead of being used to manage properties or manage expenses, DealMachine eases the process of communicating with owners and expressing your interest in the property.

Also, this software provides an array of information that can help you pinpoint which properties you want to buy. This data is claimed to be very accurate and can help track down the actual owner of the property.

DealMachine Features

• Mobile Maps
• Smart Property Lists
• Filtering and Searching
• Accounting Information

DealMachine Pricing

DealMachine has two different packages, the Driving for Dollars and the List Builder. For the Driving for Dollars, the price begins at $49 per month for the starter package and $249 for the Elite package, billed annually. For the List Builder, the price also starts at $49 per month but the Elite package is only $166 per month. Also, both of the Elite packages require a $1,000 onboarding fee.

ProAPOD

Great for: Real Estate Analysis

The next software that we have included in this list is ProAPOD. This software is very useful for real estate investors who are looking for a way to analyze all aspects of their investments completely in one place.

ProAPOD's design makes it easy for investors to map out their investments and make sure that they are making the right decisions. ProAPOD does this by making it quick and easy to generate full reports of your investments.

ProAPOD Features

• Cap Rate Calculator
• Cash Flow Analysis
• Lease and Buy Analysis

ProAPOD Pricing

ProAPOD has three different services to offer. The first, and cheapest one, is a complete suite of real estate calculators, called the Pro RE Calculator, which costs a one-time fee of $79.95. The next one, Agent 6, costs $149.95 and provides a more in-depth analysis of cash flow and marketing reports. The last one, Executive 10, has the same features as Agent 6, but with a more robust tax shelter.

CREmodel

Great for: Full Real Estate Investment Management

The next software on the list is CREmodel. CREmodel is designed to be a full solution for real estate management, equipping users with a robust set of features. This software also provides tools to quickly gain insight on the performance of your investments, all from the same dashboard.

CREmodel is also very flexible and easy to use and aims to help save time in many functions like computing return on investment, calculating debt coverage ratio, and much more.

CREmodel Features

• Loan to Value Calculation
• Cash Flow and Resale Analysis
• Return on Investment Calculator
• Full Client Portal

CREmodel Pricing

For CREmodel, there is only a one-time flat fee of $89. With this price, you get access to all of the features mentioned above, with no monthly or annual fee.

Valuate

Great for: Multifamily Investors

Last on the list of the best software for real estate investors is Valuate. This software is mainly used for investors who are interested in purchasing properties to flip them for a profit.

The most useful aspect of this software is that it provides a large set of tools that assist in the whole entire real estate cycle, from purchasing to selling. It also provides analysis on the investment from renovations, refinance, and sale price.

Valuate Features

• Elegant and Precise Interface
• Crash-proof Calculations
• Cap Rate Calculator
• Cash Flow Analysis

Valuate Pricing

Valuate has three different plans to choose from, with the basic one, the Low-Rise plan, being completely free. The one above that one, the Mid-Rise plan, costs $19 per month and the top one, the High-Rise plan, offers the most features and costs $49 per month.

Bottom Line

In conclusion, there are a plethora of options out there for any kind of real estate investor who is looking to save some time. Apart from saving you time, the real estate solutions on this list can help with automating some of the most tedious tasks, as well as provide insight on some crucial metrics in the real estate world.

Using the right combination of these tools can completely transform how you run your business. Most importantly, you must consider the needs of your business along with its finances to be able to make the most well-informed decision.

DoorLoop has a plethora of informative tools to help you succeed in the world of real estate; to learn more about real estate investing, click here!