Property evaluator app

[Joshua Gordon]

Has anybody used the Property Evaluator app or the Property Fixer app by Wasach Digital Media? Is there something better out there?

[Dane Franta]

I've been searching for 3 months now for the right app to manage and analyze and I've come to realize it's probably too much to ask in one app.  Also, I began to realize the way I want to log expenses and income in my tracking probably will keep me tied to a computer vice jamming in data on a iPad.  What I've decided I need is a quick tool to analyze potential properties when driving for dollars.  Normally I just take pics and then do math back at the realtor's office.  This will cut-down my analysis time as my co-pilot wife or I can analyze while the other drives.

My experiences thus far:

For quick analysis I had tried RE Analyst and then PropertyBuddy.  RE Analyst was just that, a summary level tool to help you analyze deals.  Some of it's math seemed a little too automatic and locked me into figures that weren't what happened on actual deals.  Perhaps if I upgraded to the paid version I could have more manual control, but the interface was 90% user friendly to a pretty solid MS Excel type mind.

PropertyBuddy is a hybrid tool that is geared more towards property management than deal analysis, but it's expense logging and data export/report features are decent.  The analysis side is basic and geared more towards once the property is in your portfolio.  I've communicated with the team on this and they're giving it thought for future upgrades, but it seems a lot of developers probably had to focus on that whole iOS 9 thing recently and dropbox.

The one I just downloaded (and I love my first 10 minutes with it) for quick analysis is DealCheck: Rentals by Fortnoff Financial LLC. You can input your data quickly and set criteria for your investing style. I'm amped to use this in the future for quick analysis when out touring properties vice carrying my laptop and logging my data in Excel.

Long story to say I'll be keeping my expense log in my spreadsheet with pivot tables (possibly switch to an accounting software later) and use this analysis tool when scanning the neighborhoods.