Property Evaluator for iPad
August 25, 2010 Filed in: Property
Evaluator
Today I'm happy to announce that
Property Evaluator
is now available for the iPad!
The iPad version offers the following improvements over the iPhone version:
1.) It takes full advantage of the larger screen size, with larger font sizes and graphics that make the reports easier to read.
2.) Data entry is much easier. Instead of drilling down through several navigation layers on the iPhone version, the iPad version allows you to edit the value of a number by simply tapping on it.
3.) You can preview the PDF report on the screen before you email it to your clients or investment partners.
I've been working hard on the iPad version for the last 6 months. Now that the initial release is behind me, I'll be able to get back to adding new features to all of the versions.
If you have any comments or feature requests for the iPad version, please let me know. I'm constantly adjusting my priorities based on customer feedback.
Also, if you could take the time to write a review on iTunes, I would really appreciate it.
The iPad version offers the following improvements over the iPhone version:
1.) It takes full advantage of the larger screen size, with larger font sizes and graphics that make the reports easier to read.
2.) Data entry is much easier. Instead of drilling down through several navigation layers on the iPhone version, the iPad version allows you to edit the value of a number by simply tapping on it.
3.) You can preview the PDF report on the screen before you email it to your clients or investment partners.
I've been working hard on the iPad version for the last 6 months. Now that the initial release is behind me, I'll be able to get back to adding new features to all of the versions.
If you have any comments or feature requests for the iPad version, please let me know. I'm constantly adjusting my priorities based on customer feedback.
Also, if you could take the time to write a review on iTunes, I would really appreciate it.
Property Evaluator 3 is Now Available!
April 16, 2010 Filed in: Property
Evaluator | Property
Flipper
Property
Evaluator 3 for the iPhone is now
available on the App Store!
This version has been in the works for the last year. Property Evaluator was completely rewritten from the ground up to create a real estate analysis tool that is much more powerful and flexible than the previous version.
In version 3 you can create your own custom categories for income, expenses, and itemized closing costs. You can also assign a custom frequency to any transaction. For example, you might collect rent monthly, pay your insurance annually, and pay your homeowner’s association dues quarterly. With version 3, you can enter these items exactly the way you pay them.
You can also make any transaction proportional to another transaction. For example, you could make the rent 1% of the purchase price, make the taxes 1% of the sale price, make the management fees 10% of the annual income, or make the sale price $100 per square foot. This makes the data entry much more accurate and efficient.
Both Property Evaluator and Property Flipper are now available in 3 versions: Standard, Premium, and Pro. The Standard version is limited to evaluating a single property with up to 3 expenses. The Premium version lets you save multiple properties, and email the financial projections to your clients, lenders, or investment partners as a PDF file. The Pro version adds the ability to evaluate multi-unit and commercial properties, and it adds a cover page to the PDF reports with your name, company, and contact info.
In version 3, the emails are sent directly from the iPhone app instead of through the server.
You can upgrade to the Premium or Pro versions directly within the Standard version using in-app purchase. Note that version 3 is a separate app from version 2. So if you already purchased version 2, you’ll have to purchase version 3 separately. I had to do this for the following reasons:
1.) I created a new data format that is much more flexible and powerful than the old format, and the two formats are not compatible.
2.) In order to enable in-app purchase within the app, I had to create a different type of App ID that wasn't compatible with the old Property Evaluator app.
3.) Version 3 requires iPhone OS 3 or higher, while version 2.5 works with iPhone OS 2 and higher. I wanted to keep the older version available for people who haven't upgraded their iPhone OS to version 3 yet.
I’m really excited about this release, since it builds a solid foundation for many more great new features that I have planned.
The next project that I’m working on is creating versions of Property Evaluator and Property Flipper for the iPad! The extra screen space is going to allow some really nice enhancements to the user interface!
This version has been in the works for the last year. Property Evaluator was completely rewritten from the ground up to create a real estate analysis tool that is much more powerful and flexible than the previous version.
In version 3 you can create your own custom categories for income, expenses, and itemized closing costs. You can also assign a custom frequency to any transaction. For example, you might collect rent monthly, pay your insurance annually, and pay your homeowner’s association dues quarterly. With version 3, you can enter these items exactly the way you pay them.
You can also make any transaction proportional to another transaction. For example, you could make the rent 1% of the purchase price, make the taxes 1% of the sale price, make the management fees 10% of the annual income, or make the sale price $100 per square foot. This makes the data entry much more accurate and efficient.
Both Property Evaluator and Property Flipper are now available in 3 versions: Standard, Premium, and Pro. The Standard version is limited to evaluating a single property with up to 3 expenses. The Premium version lets you save multiple properties, and email the financial projections to your clients, lenders, or investment partners as a PDF file. The Pro version adds the ability to evaluate multi-unit and commercial properties, and it adds a cover page to the PDF reports with your name, company, and contact info.
In version 3, the emails are sent directly from the iPhone app instead of through the server.
You can upgrade to the Premium or Pro versions directly within the Standard version using in-app purchase. Note that version 3 is a separate app from version 2. So if you already purchased version 2, you’ll have to purchase version 3 separately. I had to do this for the following reasons:
1.) I created a new data format that is much more flexible and powerful than the old format, and the two formats are not compatible.
2.) In order to enable in-app purchase within the app, I had to create a different type of App ID that wasn't compatible with the old Property Evaluator app.
3.) Version 3 requires iPhone OS 3 or higher, while version 2.5 works with iPhone OS 2 and higher. I wanted to keep the older version available for people who haven't upgraded their iPhone OS to version 3 yet.
I’m really excited about this release, since it builds a solid foundation for many more great new features that I have planned.
The next project that I’m working on is creating versions of Property Evaluator and Property Flipper for the iPad! The extra screen space is going to allow some really nice enhancements to the user interface!
Property Flipper is Available on the App Store!
February 26, 2010 Filed in: Property
Flipper
I’m happy to report that Property
Flipper is now available for sale in the
App Store! If you’re a real estate investor
involved in flipping properties, you should
check it out.
Ever since I released the first version of Property Evaluator, I have received quite a few emails requesting a tool designed specifically for evaluating flips instead of buy and hold properties.
To evaluate a flip, and investor typically starts with the current market value of the property, and then subtracts the closing costs, holding costs, improvement costs, purchase price to find the profit on the deal. Other investors want to start with a desired profit amount, and figure out the maximum offer that they can make on a property to achieve that profit. The great thing about Property Flipper is that it allows you to do both types of calculations! You can also slide your finger to change the holding period from 0 to 12 months and instantly see the numbers update.
Another great feature is that you can make any of the input values proportional to another value. For example, you might know that the average market value in a neighborhood is $100 per square foot. You can enter this assumption once, and the market value will automatically be entered when you create a new property. This is a huge time saver!
Property Flipper is available in Lite and Premium versions. The Lite version allows you to evaluate a single property. The Premium version allows you to save multiple properties, and email the flip analysis as a PDF file. You can upgrade from the Lite version to the Premium version directly within the app.
The PDF report feature is a huge time saver. With the push of a button you can send a beautifully formatted PDF report to your clients. You can even include a picture of the property in the report.
If you’re an individual real estate investor, you might want to send the PDF report to your investment partners or your lender before you commit to the purchase.
If you’re a real estate agent or lender, you can use Property Flipper as a marketing tool to email professional-quality PDF reports to your clients.
All of this can be done on-site in a few minutes while you’re driving around looking at properties! Now you don’t have to drive back to your office to run the numbers through a spreadsheet.
Ever since I released the first version of Property Evaluator, I have received quite a few emails requesting a tool designed specifically for evaluating flips instead of buy and hold properties.
To evaluate a flip, and investor typically starts with the current market value of the property, and then subtracts the closing costs, holding costs, improvement costs, purchase price to find the profit on the deal. Other investors want to start with a desired profit amount, and figure out the maximum offer that they can make on a property to achieve that profit. The great thing about Property Flipper is that it allows you to do both types of calculations! You can also slide your finger to change the holding period from 0 to 12 months and instantly see the numbers update.
Another great feature is that you can make any of the input values proportional to another value. For example, you might know that the average market value in a neighborhood is $100 per square foot. You can enter this assumption once, and the market value will automatically be entered when you create a new property. This is a huge time saver!
Property Flipper is available in Lite and Premium versions. The Lite version allows you to evaluate a single property. The Premium version allows you to save multiple properties, and email the flip analysis as a PDF file. You can upgrade from the Lite version to the Premium version directly within the app.
The PDF report feature is a huge time saver. With the push of a button you can send a beautifully formatted PDF report to your clients. You can even include a picture of the property in the report.
If you’re an individual real estate investor, you might want to send the PDF report to your investment partners or your lender before you commit to the purchase.
If you’re a real estate agent or lender, you can use Property Flipper as a marketing tool to email professional-quality PDF reports to your clients.
All of this can be done on-site in a few minutes while you’re driving around looking at properties! Now you don’t have to drive back to your office to run the numbers through a spreadsheet.
New iPhone Apps Coming Soon!
February 08, 2010 Filed in: Property
Evaluator | Property
Flipper
Over the last year, I have been working on a
complete rewrite of Property Evaluator for the
iPhone. Version 3 will allow you to create custom
income and expense categories, send PDF files
directly from the iPhone, and change the default
values of any of the inputs.
I’ll also be releasing a new app designed specifically for investors that are flipping properties. Keep an eye on RealEstateTools.com over the next month for more details.
I’ll also be releasing a new app designed specifically for investors that are flipping properties. Keep an eye on RealEstateTools.com over the next month for more details.