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Old 07-26-2017, 06:39 AM   #1
JoeClark121
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Property management software


Hello,

I am looking for opinions on property management software. Here is my situation. I have a 48 unit managed by a property manager. The manager provides me with a spread sheet of expenses and income each month. I self manage 8 more units that I own along with about 75 self storage units.
I am looking for a software that would possibly allow me to input my data and the data provided by my property manager all in one place.I went through property management software video that would help me decide but nothing hepled.
My challenge with the property manager is that is hard to get a current snap shot of what is going on at any given moment.


Any thoughts or ideas?
Thanks

Last edited by JoeClark121; 07-29-2017 at 05:50 AM.
 
Old 07-26-2017, 07:31 AM   #2
BW-userx
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merge it into the same data base or type everything into it?
 
Old 07-26-2017, 07:51 AM   #3
rtmistler
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Quote:
Originally Posted by JoeClark121 View Post
Hello,

I am looking for opinions on property management software. Here is my situation. I have a 48 unit managed by a property manager. The manager provides me with a spread sheet of expenses and income each month. I self manage 8 more units that I own along with about 75 self storage units.
I am looking for a software that would possibly allow me to input my data and the data provided by my property manager all in one place.I went through property management software video that would help me decide but nothing hepled.
My challenge with the property manager is that is hard to get a current snap shot of what is going on at any given moment.


Any thoughts or ideas?
Thanks
Quote:
Originally Posted by BW-userx View Post
merge it into the same data base or type everything into it?
The advice here is quite correct.

What you need to cover is whether or not the spreadsheet the manager gives to you is useful. If so, then extend that by way of adding in the data from these other assets. You can add more sheets, or add it all to the same sheet, or create different workbooks for each asset. You can import data of nearly any type. For instance, say someone just types information into a text file, but they use spaces, commas, or newlines to separate the data, or even if they make a table using a word processor. You can take the data from any of those sources and import it into a spreadsheet program. You can then also use functions to sum or difference things, or adjust the numbers using ratios, or percentages to adjust them for a mark-up or pre-set loss and compute the state of affairs.

Perhaps you should first determine if the spreadsheet that you already have does what you need, or if you need more results from the data. And then consider that you can import data from somewhere else to do the same actions. Meanwhile you have to have the data from those other sources, so if you manage those other properties, or someone else does, but there's no expenses and receipts, etc from all that, then this would be problem #1. No software will help you fix missing information.
 
Old 07-28-2017, 09:40 PM   #4
AwesomeMachine
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You would need to use a database. There is no customized property management software for Linux.
 
Old 07-29-2017, 06:09 PM   #5
scasey
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A web search for "property management software for Linux" yields several products. The OP will need to review each to see if one meets his needs.
 
Old 07-30-2017, 02:46 AM   #6
grumpyskeptic
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If you want to compare things over time then you need to become familiar with using a database that can take spreadsheet files as input - most of them I would imagine. You can then write your own functions that give you the information you want.

If only using a spreadsheet then you could open your manager's spreadsheet file and do extra calculations in the columns to the side of it or the rows below it, and similarly with the properties you manage. When you receive a new spreadsheet then duplicate your old spreadsheet file and paste the new spreadsheet from the manager over the old one, assuming they are the same size and format. But comparing things over several spreadsheets is more difficult, so a database would be better.

For the number of properties you have, learning how to use a database or spreadsheet would be worth doing and better than using any ready-made software.

If you have not already done so then I would suggest learning how to do cash-flow forecasts, and especially how to calculate the net present value (NPV), often just called the present value (PV). Knowing what the PV is will allow you to calculate the profitability of each property or unit, and it is especially useful for deciding which investment choice is more worthwhile.

Last edited by grumpyskeptic; 08-05-2017 at 01:39 PM.
 
Old 07-30-2017, 12:50 PM   #7
AwesomeMachine
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No Linux programs

Quote:
Originally Posted by scasey View Post
A web search for "property management software for Linux" yields several products. .
Those are cloud-based or Windows programs. In any event, none of them are free or open source.
 
  


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