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Updated about 5 years ago on . Most recent reply

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Chris Virgil-Stone
  • Rental Property Investor
  • Cape Coral, FL
82
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206
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Multi-Family Project Management Software

Chris Virgil-Stone
  • Rental Property Investor
  • Cape Coral, FL
Posted

What is everyone using to manage their value-add projects specific to multi-family/syndication? I've looked at a few different options- Asana, Microsoft Projects and Trello but haven't been overly impressed with any of them (with limited research). We are trying to track progress of all tasks and to make sure nothing is missed as well as expense tracking to budget. With limited project management experience I was expecting there to be options that I need but never thought of before, but this hasn't been the case. We are looking for something professional that allows for growth but doesn't break the bank- 14 units over 2 properties now but expecting to add 80+ over the next year. I appreciate any feedback. 

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
4,399
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied
Originally posted by @Chris Virgil-Stone:

Thank you @Jim Pellerin, I will check it out!

@Greg Dickerson, I was thinking of tracking everything involved in unit turnovers and rehab to get an accurate forecast of the value-add implementation. While we aren't liable to anyone but ourselves in our current properties, we want to have an accurate tracking system once we start to syndicate.

Most value add projects are pretty simple. You should be able to track costs through your accounting software like QuickBooks or a simple spreadsheet. Most construction pm software is designed for the GC interacting with owners and subcontractors. Check out CoConstruct for a fairly simple system  geared towards residential GCs. 

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