There are many, many pieces of “RE Software” out there, hailing themselves as the the pinnacle of investment efficiency, promising that their program will accelerate their investments in ways you’ve never seen or imagined.
Truth be told, a lot of real estate software companies are pitching snake oil to real estate investors. You don’t need a bunch of fancy programs to get the job done well. Many investors just stick to Microsoft Excel and tax software. It works for them, and that’s fine.
At Memphis Invest, our growth as a leading real estate investing company forced us out of our comfort zone and into the world of real estate software. This can be an expensive endeavor and one full of lots of advice and lots of trial and error.
Still, not all real estate software is useless and overpriced. Some are genuinely helpful and everyone has a different approach to investing that may demand a little extra heft from a program. They can be convenient and more organized that you are on your own, or help in other ways.
If you’re looking for the right software, these programs are worth looking into.