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Updated 12 months ago on . Most recent reply
Ongoing Investment Analysis for Owners?
Hey all,
I own a bunch of my own properties, but I do manage properties for other owners as well. I think BP and a lot of the internet is full of pre-buying Real Estate analysis. As in, there are a bunch of calculators and Excel spreadsheets out there that will project or estimate if the deal is a good buy. BUT I don't feel like there is really anything out there to CONFIRM or AFFIRM that you made a good purchase.
I have demo'd and used various Property Management software over the years. They all do really solid accounting. Cash flow / Balance sheets / etc.
Most of them do not really analyze your piece of property. Metrics like Cash-on-cash return, ROI, NOI, Net Worth, Loan-to-Value.... these things change every month, every year.
As a property manager AND owner, I want to be able to look at my properties each year and see where I am at. Similar to a stock portfolio. Stocks are easy because you can pretty easily see... "Oh, I made 8% return this year on my investment." But how do we do this in real estate without manually calculating things.
I have used Stessa, which is great, but it doesn't connect to my PM software. So I need to manually upload everything and categorize it. It's tedious. At that point, I'd rather just have a pre-built excel sheet I open once a year and type in my years' expenses and income.
Anyone have a spreadsheet like that? Or maybe a software like Stessa with an open API I can work with? Or another solution? Again, not a PRE-buy analysis... but an ongoing one.
I'd be open to buying a spreadsheet of this magnitude. Ha!
Most Popular Reply
Quote from @James Haywood:
Hey all,
I own a bunch of my own properties, but I do manage properties for other owners as well. I think BP and a lot of the internet is full of pre-buying Real Estate analysis. As in, there are a bunch of calculators and Excel spreadsheets out there that will project or estimate if the deal is a good buy. BUT I don't feel like there is really anything out there to CONFIRM or AFFIRM that you made a good purchase.
I have demo'd and used various Property Management software over the years. They all do really solid accounting. Cash flow / Balance sheets / etc.
Most of them do not really analyze your piece of property. Metrics like Cash-on-cash return, ROI, NOI, Net Worth, Loan-to-Value.... these things change every month, every year.
As a property manager AND owner, I want to be able to look at my properties each year and see where I am at. Similar to a stock portfolio. Stocks are easy because you can pretty easily see... "Oh, I made 8% return this year on my investment." But how do we do this in real estate without manually calculating things.
I have used Stessa, which is great, but it doesn't connect to my PM software. So I need to manually upload everything and categorize it. It's tedious. At that point, I'd rather just have a pre-built excel sheet I open once a year and type in my years' expenses and income.
Anyone have a spreadsheet like that? Or maybe a software like Stessa with an open API I can work with? Or another solution? Again, not a PRE-buy analysis... but an ongoing one.
I'd be open to buying a spreadsheet of this magnitude. Ha!
Here is a model I built for tracking purposes. May add more bells and whistles later, but if you have any questions, just lmk