Portfolio analysis software.

[Daulton H.]

Any recommendations?  Would like to track all properties individually as well as the entire portfolio.  Do not need management software as I sub that aspect out.  Just looking to analyze the performance of my real estate investments.  Thanks for any help.

[Ben Day]

@Daulton H.

Hey Daulton!

So, in order to do this, you’ll need two things:

1) accurate and consolIdated accounting with all of the details entered correctly. Up to date and knowledgeable bookkeeping will give you the raw and aggregate data points you’re looking to use. Quickbooks is great for this!

2) knowledgeable financial analysis that measures the “right” KPIs and ratios you’re looking for. You’ll find that there’s a lot of different financial analysis software options, and a lot of them work with Quickbooks. You’ll also find that these softwares can be expensive for the kind of analysis you’re looking for.

Personally, I like to make sure #1 is perfect before trying to start #2. Some of this “advanced reporting” is amazing, but most of it you can do by dividing two numbers you find in your accounting software. Best case, you have your bookkeeper or accountant put together some custom reports giving you the numbers you’re looking for. Depending on what you’re looking for this could be free or cheap as an additional service.