Real estate business models have quick shortcuts for valuations. These are not complete underwriting or valuations, but they are still very useful for real estate investors and professionals. For instanace, in a multifamily property, number of units, occupancy, rent, expense ratio, and CAP rate will provide a preliminary value. In Reiance, you can create such formulas so that it can calculate the numbers for you. As a sophisticated real estate tool and CRM, this will speed up your deal analysis.
Once a formula is created for an asset type, it is applied to all of properties of the type. This provides consistent analysis to your properties whether it is a current real estate investment or an old one.
We Can Help with Coding
There is no software developer in your office? Don't worry. Our implementation team can help you to create your formulas.
Reiance is a cloud-based real estate software for managing property and contact information. It is a leading real estate CRM and real estate deal management system designed specifically for investors and professionals. Whether you are commercial real estate investor, residential investor, agent, or broker, Reiance will help you become organized, focused, and successful.