Tools for managing IP finances

Viewing 5 posts - 1 through 5 (of 5 total)

Brett M
Participant
@brettmesser1
Join Date: 2016
Post Count: 14
February 26, 2016 - 9:36 pm
Hi All,
This is my first post so apologies if this has been asked & answered a dozen times already.
Aside from Excel spreadsheets, are there any good tools to manage finances and calculate returns etc on 1-2 residential properties?
What does everyone do to track rents/expenses and calculate returns – I’ve been using excel for 10 years and it feels like about time to take this online. Any suggestions?
Thanks
Brett
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
February 28, 2016 - 6:50 pm
Pia software is good for forecasting. Property investment analysis.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Jo
Participant
@jodyt
Join Date: 2015
Post Count: 23
February 29, 2016 - 4:06 pm
Hi Brett,
There seem to be quite a few programs you can purchase to manage rental properties.
However I am like you and am still happy with an excel spreadsheet to manage my properties.
Brett M
Participant
@brettmesser1
Join Date: 2016
Post Count: 14
April 10, 2016 - 3:04 pm
Thanks Terry, I’ll check it out.
Tony Burnett
Participant
@tonyburnett
Join Date: 2016
Post Count: 17
April 15, 2016 - 7:48 am
I use Excel spreadsheets because simply they force you to understand what you are really doing, not to mention you can customize to how you what to visualize your data.
Excel can pretty much do anything you want, whereas other software cannot.