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Real Estate Investment Software - SBG’s Top Picks for 2022

Danica Jovic Image
Written ByDanica Jovic
Updated May 20,2022

Software for real estate investors comes in all shapes and sizes: Some is designed for specific tasks, such as market analysis, while other kinds offer a more comprehensive toolkit. Finding your way through it and choosing just one platform to fulfill all your needs isn’t easy. Luckily, our list of real estate investment software has something for everyone. Read on!

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RealData Logo
1. RealData
Starts at
$85 /month
GET STARTED
EASE OF USE

EXCELLENT

PRICE

GOOD

PROPERTY PERFORMANCE MANAGEMENT

GOOD

Features

EXCELLENT

Customer support

EXCELLENT

KEY FEATURES
PRODUCT DETAILS
  • 30-day license for Windows users
  • Buy and sell all property types
  • Online wizard to add or remove units
DealMachine Logo
2. DealMachine
Starts at
$49 /month
TRY FOR FREE
Ease of use

EXCELLENT

Price

EXCELLENT

Property Performance Management

GOOD

Features

GOOD

Customer support

EXCELLENT

KEY FEATURES
PRODUCT DETAILS
  • Over 22,000 members
  • Real-time insights
  • Powerful mobile app
Ease of use

GOOD  

Price

FAIR

Property Performance Management

EXCELLENT

Features

GOOD

Customer support

EXCELLENT

KEY FEATURES
PRODUCT DETAILS
  • Track and manage leads
  • Analyze deals
  • Phone and email support
Stessa Logo
4. Stessa
Starts at
$0
SIGN UP FOR FREE
Ease of use

EXCELLENT

Price

EXCELLENT

Property Performance Management

GOOD

Features

GOOD

Customer support

GOOD

KEY FEATURES
PRODUCT DETAILS
  • Free forever 
  • Easy to use
  • Portfolio management and property analysis
TheAnalyst PRO  Logo
5. TheAnalyst PRO
Starts at
$69.99 /month
GET STARTED
Ease of use

EXCELLENT

Price

FAIR

Property Performance Management

GOOD

Features

GOOD

Customer support

GOOD

KEY FEATURES
PRODUCT DETAILS
  • Cloud-based
  • Powerful analytical tools
  • Marketing tools
ProAPOD Logo
6. ProAPOD
Starts at
$149.95
GET STARTED
Ease of use

GOOD

Price

FAIR

Property Performance Management

EXCELLENT

Features

GOOD

Customer support

GOOD

KEY FEATURES
PRODUCT DETAILS
  • Real-time analytics
  • Cash-flow forecasting
  • Unlimited units

Why You Need a Top Real Estate Program

Having software that will help with portfolio management, lead collecting, and property analysis isn’t just a nice bonus anymore - it’s practically essential. Whether you’re a real estate broker with years of experience in investments or have just started a business, these products will revolutionize your short- and long-term planning.

One of the primary benefits here is accurate property value prediction in your area. This prevents you from overpaying or underselling due to short-term circumstances affecting the prices. Additionally, these real estate investing systems include demographic, area risk, and other assessment tools. This software can help you keep track of your properties and their performance, helping you calculate your expenses, measure ROI, and make future predictions accordingly.

Other standard real estate software capabilities include collecting and tracking leads, managing your deals, keeping records on rent payments, tracking repairs, creating real estate websites, and writing in-depth investment reports in minutes.

Overall, real estate investment tools can be valuable for anyone looking to invest in rental properties, as they automate and streamline much of the admin and legwork those interested in this type of investment had to complete before.

Real Estate Investment Software - Top 6 Choices for 2022

  1. RealData - Best Overall

  2. DealMachine - Best for Lead Generation

  3. Realeflow - Best CRM

  4. Stessa - Best Freeware

  5. TheAnalyst PRO - Best Security

  6. ProAPOD - Best for Cashflow Calculation

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Methodology for Evaluating the Best Software for Real Estate Investors

With so many specialized software solutions on the market, how do you know which one is right for you? Most of these products are versatile enough to cover your basic needs, but they usually specialize in a particular field; some are better for collecting leads, while others provide detailed property performance analyses. You’ll need some criteria to navigate these product offers, so why not use ours? Here’s how we evaluated the best investment tracking software products:

Ease of Use

Software for real estate investors or brokers should make business operations simpler and faster; for that, it must be easy to use and set up on any operating system. Luckily, the companies we’ve listed offer modern SaaS solutions designed for macOS, Windows, Android, and iOS, and are accessible from any device.

Functionality

Each product in the real estate portfolio management software niche is a mix of universal basic functionalities and unique toolkits meant to make it stand out. Some companies are focused on helping you communicate with leads and analyze your deals. Others provide you with detailed financial reports and cashflow statements. However, they should include financial tracking, property management, and analysis features.

Flexibility

While having ample features is always nice, don’t trade off versatility for a decked-out product you won’t know how to use.  For example, beginners might not need complex real estate investor management software, but only a product that will help them manage their portfolio and provide basic property analysis. Therefore, look for flexible software that allows you to add more features once your business starts growing.

Scalability

Whether you are a commercial real estate investor or working with residential properties only, your product of choice should cover all property types, and allow you to grow your business. Therefore, look for a residential or commercial real estate investment software solution that enables you to handle as many units as you need. Most providers we evaluated have high upper limits for this, allowing you to create portfolios with 1,000 units or more, but unlimited properties are even better.

Pricing

The whole purpose of purchasing products to make your business easier is to make more money in the long run. Therefore, think about how much you are ready to pay for the service, and compare the pricing plans in detail - cheap solutions often don’t have a comprehensive toolkit, but expensive products might be more trouble than they’re worth, especially if they’re subscription-based. In this case, the biggest differences in pricing will stem from the number of users per account, number of units you can manage, and how extensive the features are. Finally, you’re not likely to find real estate analysis software that is free and excellent at the same time, but there are some very affordable options on this list.

Also, be mindful of pricing systems: Some companies offer a one-time purchase, while others charge a monthly subscription. Other costs might include a setup fee; any addons you might want later will probably come at a separate price. On the plus side, some software companies offer free trials so you can try out the software before committing.

Customer Support

Real estate software for wholesaling is just like any other software - if it breaks down, you’re going to need quality customer service. Any company's customer support team should be knowledgeable, responsive, and courteous, so they can quickly and efficiently resolve your issues and help you use their software in the best way.

Reviews

RealData Review Logo

RealData Review

Ease of use:

EXCELLENT

Price:

GOOD

Property Performance Management:

GOOD

Features:

EXCELLENT

Customer support:

EXCELLENT

  • ⦿ Manage up to 1,000 units
  • ⦿ More tools available as addons
  • ⦿ Sophisticated investment plans

RealData is a company with several versions of its real estate investment management software: One designed only for investors, one for developers, and a bundle for both.

Therefore, one of the best things about RealData is its flexibility. Designed to resemble Excel, RealData is available for both Windows and macOS computers. You can easily download the software and set it up to fit your business environment. Note that files are not cross-compatible.

The real estate software for investors has two tiers: The Express version supports smaller commercial and residential portfolios, which is best suited for beginners. You can use the software for a lifetime once you pay $159, or get a 30-day license for $85. With RealData’s products, you can buy and sell various properties - from multi-family homes and apartments for one person, to non-residential properties. The software comes with three modes of analysis: Short-term projection, detailed projection, and long-term projections.

Instead of the Express package, you can get the Professional software option, designed for bigger businesses and investors with diverse portfolios. With this real estate analysis software, you can create and manage presentations, produce long and detailed 20-year projections, manage up to 1,000 commercial units, and easily add, edit, or remove units if needed. This software also allows you to present your projections to financial planners, lenders, partners, or clients. Whether you want to create a simple analysis or complex investment plan for your partners, REIA’s Professional edition can do that for you. Other real estate analysis tools, such as comparison and portfolio analysis, are available as add-ons; with them, you’ll get reports showing cash investment, before and after-tax cash flow, purchase price, and more. 

All in all, RealData is a powerful tool that will help you maximize profit and minimize risks by providing property data and analysis, financial modeling, and market research.

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DealMachine Review Logo

DealMachine Review

Ease of use:

EXCELLENT

Price:

Property Performance Management:

Property Performance Management:

GOOD

Features:

GOOD

Customer support:

EXCELLENT

  • ⦿ Powerful mobile app
  • ⦿ Collect and compare leads in real-time
  • ⦿ Direct email marketing

If you're a real estate professional or company looking for an edge in the market, DealMachine could be the best real estate software. Cleverly designed to help you find off-market properties and generate leads, DealMachine is an asset for anyone serious about making money in real estate. With DealMachine, you'll have access to a powerful search engine, real-time alerts, and a host of other features that will help you close deals and make money.

DealMachine offers two software options in one app - Driving for Dollars and List Builder, both with three pricing tiers. The pricing starts at $49 per month with an annual subscription, regardless of the product you choose. Moreover, both software options come with a tool for researching property data (ownership, mortgage, vacancy, etc.), skip tracing, and direct mail marketing. Of course, additional tools are available a la carte.

If you are looking for a top real estate software for lead collection, the List Builder option is what you need. The software helps you generate leads, build a list with your leads, search the entire neighborhood, and more. You can use several filters to start your search, like zip code, city, draw area, foreclosures, owner type, a year when the property was built, and more. For the starting price, you can collect up to 4,000 leads per month and automatically synchronize dates with seller situations.

DealMachine works on any device you use, but its mobile app is particularly worthy of our attention. You can download it from the App Store and Google Play. The app has powerful investment analysis tools: For example, the Comps feature allows you to compare the prices of sold houses in the area where you have properties. Overall, the mobile app has many other features to help you manage investments and make smarter business decisions.

Our DealMachine review wouldn’t be complete without mentioning its customer support. DealMachine takes pride in its customer service and works hard to resolve any issue the customer may have. Customers can access a knowledge base of articles that address the most common questions and issues and discuss issues on the company’s Facebook community page. Finally, DealMachine offers a live chat option for customers who need immediate assistance.

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Realeflow Review Logo

Realeflow Review

Ease of use:

GOOD

Price:

FAIR

Property Performance Management

EXCELLENT

Features:

GOOD

Customer support:

EXCELLENT

  • ⦿ CRM-based software
  • ⦿ Versatile pricing plans
  • ⦿ Property repair features

Founded in 2006, Realeflow is comprehensive real estate investing software for investors and entrepreneurs. The software helps you track leads, analyze deals, create offers, and even repair properties. Realeflow claims they helped over 100,000 investors and closed over 10 billion deals. Our Realeflow review will highlight the software’s unique features and explain how you can benefit from it.

The first thing worth mentioning is that Realeflow has a real-estate CRM functionality, so you can use the software to store and manage your contacts and properties effortlessly. The software gives you the ability to track your interactions with clients, schedule appointments, and manage your sales pipeline. Realeflow is the best real estate wholesaling software if you want to store and manage all your data from one central platform.

Another feature we need to mention is Property Listing Pages which allows investors to create an URL for every property. This way, your clients will be able to see images and all important property details (number of rooms, additional space, property type, heating type, and more). The Realeflow website builder is so well-designed, you don’t need to know anything about website creation or making copies - Realeflow works on your behalf to design a compelling platform.

Other real estate investing tools Realeflow includes are direct mail, lead pipelines, email automation, deal analyzer, and many others that will help you manage leads, analyze deals, and track ROI. The company’s outstanding customer service agents are available on business days from 9 a.m. to 8 p.m (ET) through email and phone.

On the downside, this isn't a great match if you're looking for affordable, all-in-one real estate investing software. Realeflow is designed to help you find the best investment properties, manage your rehab projects, and track your progress every step of the way, but these powerful features come with a price. If it fits within your budget, on the other hand, there are three pricing options to choose from, depending on your expertise level.

If you are just getting started in real estate investing, the Lite plan is the best real estate investment program for you. For $75 per month ($62 if you get an annual plan), you'll get access to the lead pipeline tools, one website, and direct mail engine. As your business grows, you can opt for more comprehensive pricing solutions that include all tools, more users, and more websites.

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Stessa Review Logo

Stessa Review

Ease of use:

EXCELLENT

Price:

EXCELLENT

Property Performance Management:

GOOD

Features:

GOOD

Customer support:

GOOD

  • ⦿ Manage tax-related tasks
  • ⦿ Mobile app for iOS and Android
  • ⦿ Access to the Roofstock marketplace

Stessa is all-in-one software for tracking property performance and finances, allowing investors to track their portfolios and get detailed reports about all properties. It provides detailed analytics on rental income, occupancy rates, and other key metrics, as well as tools to help investors elevate their business and find more clients.

Designed by real estate investors for real estate investors, the software is easy to use and relies on simple management and communication features to streamline real estate investment tasks. But that’s not all - Stessa is free real estate software for investors! Though this might seem suspicious, the software is equipped with numerous tools and features that you’ll find with other more expensive software products. It’s funded by bigger companies that can pay for its premium services.

Stessa can help you reach your real estate goals by tracking and managing your rental properties. With this real estate investor software, you can keep tabs on your income and expenses, and see how your properties are performing, regardless of what type of property it is, from family homes to rentals for a single person. Plus, powerful reports make it simple to understand your data and make informed decisions about your investments.

Stessa’s dashboard is well-organized and intuitive, so anyone can use it. Regardless of your experience in investing, you’ll quickly learn all about property data management, tracking expenses, and calculating taxes. According to user reviews, Stessa is good accounting software for real estate investors. The tax-related tasks are automated, so you don’t need to get stressed about it.

Like other real estate software programs, Stessa works on both computers and mobile devices. A mobile app is available for iOS and Android phones, and it enables access to Roofstock, a real estate marketplace, where you can buy and sell properties.

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TheAnalyst PRO Review Logo

TheAnalyst PRO Review

Ease of use:

EXCELLENT

Price:

FAIR

Property Performance Management:

GOOD

Features:

GOOD

Customer support:

GOOD

  • ⦿ Demographic analysis
  • ⦿ Long-term projection
  • ⦿ Before and after taxes calculation

TheAnalyst PRO is real estate analytics software good for commercial real estate investors. By providing real-time market data and analysis, TheAnalyst PRO is designed to simplify complicated and time-consuming business tasks, so you can maximize your profit.

TheAnalyst PRO is a cloud-based software solution, meaning you don’t need to bother with a complicated installation on your computer. The software is easily accessible from the TheAnalyst PRO website and is compatible with all platforms. You can use the software on your business computer, tablet, or mobile phone, and access valuable analytics.

This real estate investment analysis software is a good option if you want access to real estate investing tools, analytical reports, and portfolio from one platform. TheAnalyst PRO centralizes powerful analytical tools, including investment analysis, lease analysis, cashflow data analytics, demographic analysis, projected ROI, and more, into one platform. 

Before you can find good tenants, you need to find suitable properties to house them in; for that, you need in-depth property analysis. There is also an option to do a location risk analysis, meaning you can check out the area for crime, floods, and environmental issues. You can also use this commercial real estate analysis software to see a 5-year and 10-year projection of your profits from said property, before and after taxes.

When it comes to pricing, there are three options. The first one is to buy a monthly license for $69.99 and pay $49.99 to set up the software. The second option is an annual license that costs $149.99 with quarterly payments. You’ll also have to pay the setup fee. Finally, there is a yearly license of $599, without setup fees. Regardless of the payment plan you choose, this software won’t come cheap: However, its excellent set of analytical tools can bring you more profits and boost your business.

TheAnalyst PRO is the best real estate software for investors who prioritize security, as this cloud-based solution guarantees 100% uptime. All your files, including sensitive information, are stored and protected on the cloud. Only you can access your data and manage data from any device, desktop or mobile.

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FAQ
What is the best real estate investment software?

There are many programs of this kind on the market, but not all are created equal. The one that is the best for you depends on your needs. Some programs are specifically designed for real estate investors, while others are more like financial planning programs that can also be used for real estate investments. Which one is best depends on what you need.

What are the 4 types of real estate?

There are four main types of real estate: Residential, commercial, industrial, and land. Residential real estate includes homes, apartments, condos, and townhouses. Commercial real estate includes office buildings, retail space, and warehouses. Industrial real estate includes factories and storage facilities. Land can be used for farming or development purposes.

Which type of real estate makes the most money?

There is no definitive answer to this question – it depends on several factors, including the property location, real estate type, and market conditions. This is why the best entrepreneurs use real estate investment software to calculate projections and do market analysis before investing.

What is the most popular type of real estate?

There is no one definitive answer to this question as the most popular type of real estate will vary depending on the location. However, in general, the most popular type of real estate is residential property, followed by commercial property. Industrial property and land can also be popular in certain areas.