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Updated over 10 years ago,

User Stats

30
Posts
5
Votes
Abdul Rauf M.
  • Investor
  • Singapore
5
Votes |
30
Posts

REI softwares recommendations

Abdul Rauf M.
  • Investor
  • Singapore
Posted

Hi everyone,

This type of topic may have been repeated over and over and I apologise in advance for any annoyance i might cause. :)

I took the plunge of investing in real estate in the US beginning of this year and have been flying to the US from Singapore 4 times in a span of 5 months. Till date I have acquired about 5 properties as what I have mentioned in my other forum posts. When I started out, I avoided using too much money on paying for real estate softwares and such as I rather invest my money on deals first.

On the flip side of this, it has somehow caused a little bit of a mess in my business. Example, my receipts and expenditures are all not as organised as I would like it to be and I am only now formulating a proper system so that my business can start automating itself eventually in future.

My reason for wanting to invest in systems and softwares is because of the fact that businesses and entrepreneurs from Singapore will receive a substantial amount of government grant should they choose to invest in anything that can bring about a higher level of productivity or education. I am keen on leveraging on that benefit without using any of my personal money.

Now I have been reading a fair bit in the forums and the lean is to start simple and not over complicate your business. However since I will not be using any of my own money, I was thinking what are the experts opinions on paying for the following. Remember cost is not an issue here and if I dont spend on such expenditures, I will not receive any money back from my government for helping them to save. 

I am keen on having everything run from the cloud so you will find my choices here are something along that line
1) CRM: Freedomsoft 4 OR Infusionsoft OR Zoho by propertymob OR Realeflow OR Podio (I have read of some advice against buying the above such as Freedomsoft and advising to save the money instead but after reading up further, i would like to use a dedicated tool to help me with Wholesaling)

2) Property Management Software: Propertyware OR Buildium OR Appfolio OR Rentec (I would like something comprehensive and allows online payment and tenant screening)

3) Fix-N-Flip project management: Co-Construct OR Procore (This will be useful for me in my 2nd or 3rd year of REI but buying it first and understanding the software wouldnt hurt)

4) Accounting: Xero (I like its 3rd party addon with other cloud services like the above Co-Construct)

5) Receipt app: Expensify OR shoeboxed

6) Google Apps

7) HR: hrcloud.com (Employees management which I will hire)

8) Evernote Premium

9) Biggerpockets Pro subscription (For all the cool stuffs that you cant get anywhere else!)

10) Liveplan.com subscription (For presenting the business plan to my investors in Singapore)

I also wonder if anyone has tried the tools from this website? http://www.realestatetools.com/ They have iOS versions and look quite useful and nice.

I am terribly sorry for this very long post. If anyone have any other recommendation, please share or you may PM me directly. 

Thank you!

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