There is a software program called TValue that can be used to calculate this equation.

Someone beat me to Vapoorizer and Pocket Flan...My current project is software that calculates equity on real estate investments.

My broker just called me and said that she wants to start a property management company and wants me to manage the day to day operations of that part of the company, I have never managed a large amount of houses so I was trying to see if anyone had any tips or could point me in a direction to learn more about the property management business, (rates where you are, software that may be beneficial or just more information ,) I live in Kansas City Missouri , I know she told me that the key is staying organized because we can be audited by MREC anytime.Thanks In Advance ,Adrian Williams

Does anybody use the above mentioned software?

There may be software that can do this for you (might be a feature in Excel for all I know), or you could do it yourself one by one....

We decide on a local representative (usually a realtor) - and we do one or two initial deals to see how they perform (limit our risk exposure).We closely monitor the deals and apply project management principals throughout.

What accounting software/practices do you use to track this information?

I have been using a website called craigslistadtracker.com (no affiliation) to monitor my current buyers list campaign and it is a very good tool.

i apologize in advance for posting about a topic that probably has been discussed before but i scowerd the site for a good reccomendation for a good rehab estimate spreadsheet/software but to no avail.

Most around here are 10%.If you get into commercial and multifamily of 50 units or more the fee is usually 5%.Managing the larger complexes requires expenses for software and reports and sometimes a team of people.At that point you have to be all in as a property manager.Commercial leasing for property management is much more involved and can be structured many different ways.I think for what property management pays out expectations are high.If you made 50 bucks a month per property you would have to manage 60 properties a month to make 3,000 a month income as a property manager before expenses.I am sorry but that is crazy in my eyes.I can do about 14 commercial broker price opinions and make the same money.Now if you take 10% plus 1/2 months or the full months first rent then the pot gets much sweeter.You just have to find someone that loves PM and is passionate about it.Those who view it as a job only will give you mediocre results.