Sep 2010
Version 3.3 lets you duplicate properties!
September 28, 2010 Filed in: Property Evaluator
Version 3.3 of Property Evaluator was released today with some great new features.
I really try to prioritize my development efforts based on customer feedback, and today’s update delivers the most popular feature requests over the last few months.
First up is the ability to duplicate properties. This is really useful in a couple of situations. Let’s say that you just finished analyzing a property, and now you want to look at some what-if scenarios. What if the rent is 10% lower? What if I put 30% down instead of 20% down? The list goes on. Instead of entering the property data all over again, you can just duplicate the property, change a number or two, and see how it affects the performance projections.
The Duplicate feature is also really handy if you’re a real estate agent and you want to create projections for several listings that are all very similar. For example, you might be listing 5 condos in the same development that all have the same floor plan, but the addresses are different, and the prices are slightly different. Now you can just duplicate the first property, change the address and the price, and send out a PDF of the projection to your clients.
Many people requested the ability to add their contact info to the header of each page of the performance projection, so I added that to version 3.3 as well. You can customize what info appears in the header by choosing PDF Report Settings from the Settings within the app.
You can also add a disclaimer to the bottom of the cover page of the PDF Report, and you can add some comments about the property, that appear just below the property address on the cover page.
You can also enter some private notes about the property, that are only visible within the app. For example, you might enter some data that is only visible to agents within the MLS. The private notes do not appear on the PDF Reports.
Finally, I added the Assumptions section to the Evaluator report, and I added a clear button on the right side of the text entry fields so that you can clear the contents of the text field with a single tap instead of multiple taps on the backspace button.
I really appreciate all of the great feedback and feature requests. Together, we can make some really great tools for real estate investors!
Property Fixer for iPad is Now Available
September 14, 2010 Filed in: Property Fixer
Property Fixer is now available for the iPad!
Property Fixer is designed for real estate investors who are flipping properties. You start by entering the market value of the property, then subtract the closing costs, improvement costs, holding costs, and purchase price to calculate your profit on the deal. Alternatively, you can enter how much profit you would like to make, and Property Fixer will calculate the maximum purchase price that you should pay for the property.
The iPad version takes maximum advantage of the larger screen area relative to the iPhone. You can view the entire flip analysis on a single screen. To edit a number, you just tap on it, make a change, and all of the calculations instantly update. You can also change the holding period with the slider at the bottom of the screen, and instantly see how it will affect your profit on the deal. Being able to interact with the numbers directly is really intuitive and gratifying!
The iPad version of Property Fixer also shows you a preview of the PDF projection before you send it off to a client, lender, or investment partner. In the Pro version, you can add a custom cover page to the PDF with your contact info, along with a picture and description of the property. This really helps to create a professional impression with your clients!
Please let me know if you have any suggestions for more improvements. Now that the iPad versions of Property Evaluator and Property Fixer are complete, I’m focusing my efforts on adding some new features that customers have requested.
You can get a copy of Property Fixer in the App Store on your iPad or in iTunes on your computer.
If Property Fixer helps you out, I would really appreciate it if you could leave a review in iTunes.
Property Fixer is designed for real estate investors who are flipping properties. You start by entering the market value of the property, then subtract the closing costs, improvement costs, holding costs, and purchase price to calculate your profit on the deal. Alternatively, you can enter how much profit you would like to make, and Property Fixer will calculate the maximum purchase price that you should pay for the property.
The iPad version takes maximum advantage of the larger screen area relative to the iPhone. You can view the entire flip analysis on a single screen. To edit a number, you just tap on it, make a change, and all of the calculations instantly update. You can also change the holding period with the slider at the bottom of the screen, and instantly see how it will affect your profit on the deal. Being able to interact with the numbers directly is really intuitive and gratifying!
The iPad version of Property Fixer also shows you a preview of the PDF projection before you send it off to a client, lender, or investment partner. In the Pro version, you can add a custom cover page to the PDF with your contact info, along with a picture and description of the property. This really helps to create a professional impression with your clients!
Please let me know if you have any suggestions for more improvements. Now that the iPad versions of Property Evaluator and Property Fixer are complete, I’m focusing my efforts on adding some new features that customers have requested.
You can get a copy of Property Fixer in the App Store on your iPad or in iTunes on your computer.
If Property Fixer helps you out, I would really appreciate it if you could leave a review in iTunes.