Are you a property investor? Are you tired of your using spreadsheets and multiple apps just to evaluate the figures of your property investment? Boy, do we have the software solution for you! Property Store is a Property Management CRM designed by property investors for property investors.
This Feature Highlight Blog will be part of a series of blogs to show you why Property Store is the best Landlord CRM in the market. For this blog post, we will be highlighting what is arguably Property Store's most powerful feature, the Investment Calculator.
MAIN TAKEAWAYS
The Investment Calculator is designed to replace spreadsheets as the main way to calculate property investment key figures.
The Investment Calculator was purposefully designed to be as simple as possible while still being powerful enough to work the key figures of property investment.
The calculator can be used to calculate key figures (ROI, Yield, etc.) and derive the basic ones (Stamp Duty, Mortgage, etc.).
Exit strategies are compartmentalised in the calculator meaning you only need to fill in the details for the exit you need.
The calculator can be conveniently accessed anywhere.
Figures and data are linked directly to the deal.
Training videos are available on how to use the calculator.
What is the Investment Calculator?
The Investment Calculator is a tool in Property Store Property Management CRM. It can be found on the grey menu under Deal Sourcing as shown in the image on the right-hand side.
And you guessed it, the calculator can be used to conveniently work out all the figures of the deal so that a property investor can make an informed decision on every purchase. The calculator was meant to finally replace all the fancy spreadsheets that landlords are using to stack deals. To find the perfect deal, one needs to comb through hundreds of property listing and as such, it can be an organisational nightmare to track all your spreadsheets for each deal.
With this in mind, the calculator was purposefully designed to be as simple as possible while still being powerful enough to work the key figures of property investment. Doing so made the calculator look clean, simple, and easy to navigate which means that anyone, even without prior experience, can use the Investment Calculator. In addition, the current look and format of the calculator were based on the feedback and preferences of our users, which are property investors, deals sourcers, and the like. This means that if you are in any of those categories, or are just involved in the property industry, you will most likely find the calculator familiar and easy to use.
The calculator was purposefully designed to be as simple as possible while still being powerful enough to work the key figures of property investment.
What are the features of the Investment Calculator?
Work out the Key Figures In Property Investment
Property Store CRM's Investment Calculator can work out the following key figures in property investment:
Money In Money Out (MIMO) Offer
Return On Investment (ROI) for BTL
Cashflow per Calendar Month
Yield
Return On Investment (ROI) for Flip
Profit for Flip
Here is an example snippet of the figures the calculator worked out on a deal we were sourcing out in Leeds:
From the figures above, we can assume that the deal will not be suitable to flip since we are going to lose money. As such, we need to consider other property investment strategies for this deal or pass on it completely.
With the Investment Calculator, we can make informed decisions regarding our investment thereby reducing the risk of losing out on a deal.
Derive Basic Figures of the Deal
In addition to these figures, the calculator can also calculate other basic data for property investment such as:
Stamp Duty
Initial Deposit
Refinance/Remortgage Cash-Out
Money Left In the Deal
Mortgage Payments per Calendar Month
Simply plug in the usual numbers and all the figures will be calculated for you. Quite convenient if I say so myself.
Compartmentalised Exit Strategy
Want to further simplify the calculator? With Property Store CRM's Investment Calculator, you can choose your exit strategy by simply ticking boxes. The data fields and figures that will be shown to you are only for those relevant to that chosen exit.
For example, the reason why the "ROI Flip Sell" figure is shown is because the Flip Exit Box is ticked. This is also the reason for showing the expected profit.
In the image above, the HMO exit is not ticked and as such, all expenses connected to an HMO are greyed out such as Service Charge PCM, and cannot be edited in the image below:
With these "safety" features in place, even a new property investor can accurately work out the figures of the deal. While veterans and the like can easily circumvent these safety nets for much more complicated strategies such as HMO. Due to implemented safeguards for common mistakes, we can proudly say that Property Store is lowering the barriers of entry into the industry for new property investors.
Property Store is lowering the barriers of entry into the industry for new property investors.
Bring the Investment Calculator Anywhere
Speaking of convenience, have you ever driven around a neighbourhood and found a rundown property that you think can be a good deal but you just don't have your spreadsheets with you? With Property Store, as long as you have your mobile device with you, you can access our Investment Calculator anywhere!
Calculator Figures and Data Fields are Linked Directly to the Deal
Have you mixed up the figures of the deals before? We've been there. Never confuse deals again with Property Store CRM's Investment Calculator where all the calculator data are linked directly to the deal!
As you can see from the image, the property "34 Colenso Road LEEDS" has its own separate investment calculator. This is true to all the deals that you place in your Pipeline. You may also notice that the deal has its own Tasks, Maintenance, Documents, Notes, etc. Though all of these are for a separate blog.
Is there any specific feature you want us to cover? Simply leave us a comment below and the most requested feature will be covered in the next blog.
How to Use the Investment Calculator?
While we built the calculator to be as simple as possible, we understand that it can be intimidating to use the first time around. As such, we have uploaded several videos covering all the features of Property Store such as the image below:
You may check out Property Store's training videos, where Jake will show you how to use the investment calculator. Simply scroll down and look for the Investment Calculator under Deal Sourcing.
What are you waiting for?! Sign up now and get your first week free!
Still not convinced? Click here to attend our free webinar where we will show you how Property Store can support you in your property investing business.
Want to see more? Head over to our features page where we recorded a live demo that you can watch to see Property Store in action.
Got a question? Check out our Frequently Asked Questions Page for answers to common concerns or you can contact us here.
Looking to start your property investment career? Check out our blog about strategies for reducing risk in property investing so that you can be one step ahead.
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