Budgetrac Real Estate Developer Software


 

Budgetrac is a cloud-based, comprehensive construction and real estate development solution specifically for real estate developers. Budgetrac is designed for small- to large-scale development projects and portfolios. Key features include project pro forma budgets, operational budgets, predevelopment costs, final funding, project control and financial reporting.

Budgetrac enables users to automate multiple budget iterations and commitments tracking. at any point in the project’s life cycle, users can generate real-time reports on budgets, commitments, costs and cost at completion.

Budgetrac’s loan draw feature enables users to control all aspects of the funding process, including loan draws, capital contributions and equity tracking. Users can meet the reporting requirements for each lender, yet maintain an internal standard set of cost codes. Budgetrac also includes a CRM feature made for real estate development.

 

Budgetrac	Real Estate Developer - Rent roll summary
 
  • Budgetrac	Real Estate Developer - Rent roll summary
    Rent roll summary
  • Budgetrac	Real Estate Developer - Property
    Property
  • Budgetrac	Real Estate Developer - Project variance summary
    Project variance summary
Supported Operating System(s):
Windows 7, Windows Vista, Windows XP, Web browser (OS agnostic), Windows 2000

13 Reviews of Budgetrac Real Estate Developer

 

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Software Advice Reviews (11)
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Showing 1-11 of 11

Kathy from KDF Communities LLC
Specialty: Real estate developer
Number of employees: 2-10 employees Employees number: 2-10 employees

August 2017

August 2017

CFO

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

The software does not require an IT genius to repair if there are issues. I can pretty much go into the system and fix records that are damaged or missing with out calling Budgetrac support. I like that.

Pros

ease of use. It does what I need for a small contractor as well as record keeping for draw processes. The download into excel capabilities is very useful as well as pdf to send to others.

Cons

the Financial statement setup is a bit cumbersome and became too much work to program. I dump the information into excel and modify it that way for presentation purposes.

 
 

Mindy from Fuqua Development
Specialty: Real estate developer
Number of employees: 11-50 employees Employees number: 11-50 employees

July 2017

July 2017

Mixed Use Real estate developer

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Customer service is a big plus. I like that it is specifically geared towards our business. Existing reports are comprehensive and usually will cover any needs, but you also have the ability to create custom reports.

Pros

Very good for loan draws which is important as a developer. Very easy to separate development budgets into multiple phases, or consolidate, as preferred by lender, partner, owners, etc. Most software marketed to real estate is intended for builders and is overly complicated. This programs gives us what we need and is a great bargain. The customer service is great and they are very quick to solve any issues or questions that come up.

Cons

Property management module is probably the least flushed out; however, after using if a couple of years, it is adequate for our use. We tend to not hold onto properties for a long time so the shortcomings do not hurt us. Could use better documentation on this module and custom reports, but overall it works well for our purposes.

 
 

Cody from Sunset Management
Specialty: Real Estate Developer
Number of employees: 51-200 employees Employees number: 51-200 employees

July 2017

July 2017

Really good, and robust

Ease-of-use

Functionality

Product Quality

Customer Support
N/A
Pros

Overall, many Pros. Ability to organize data efficiently and separate items if/when needed. No complaints at all.

Cons

Not too many Cons to this SW. My team and I are happy with this product and we would use it again and again.

 
 

MEHEDUL HASAN from Itskybd
Specialty: Architect
Number of employees: 11-50 employees Employees number: 11-50 employees

June 2017

June 2017

Our Picks for the Best Property Management Software

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

So we interviewed property managers and landlords across the country on the tools they use and the tasks that keep them busy every day. We learned there are a handful of must-haves: the ability to easily collect rent, manage maintenance requests, and advertise to new tenants, as well as robust accounting, reporting, and document management. We found 15 that met our features requirements; from there we tested each one for ease of use and customer service.

Pros

From there our task was simple: Figure out what property management software had the right features, and then see which were the easiest to use.

Cons

We started with a pretty wide lens, looking at software tailored to residential and commercial properties; for managers of hundreds of units as well as part-time landlords. (We skipped over the niche software — vacation rentals require software that can manage new tenants every week, for example — and preferred SaaS systems to desktop-only options.)

 
 

Renee from Matan Companies
Specialty: Real estate developer
Number of employees: 11-50 employees Employees number: 11-50 employees

May 2017

May 2017

BudgeTrac is a joke. They lie. They steal. And now they're hiding.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Cons

Tried serving papers to them to sue to get our money back (that they agreed in writing they owed us) - but they've disappeared. Certified mail to the address still listed on their website is returned - left with no forwarding address. Tried several other addresses I found online, but those are returned as well. Emails are ignored. Phone calls get through to a machine, but messages are not answered. They promise refunds of prepaid license fees, but won't ever actually do it.

 
 

Chris from Sothebys
Specialty: Mixed Portfolio
Number of employees: 2-10 employees Employees number: 2-10 employees

April 2017

April 2017

Budget management all in one

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Very easy to use and effective. Good product!

Pros

This allowed me to manage track and stick to my budget all while using one single platform. The budget planning and tracking was very easy to set up and use. It was also very simple to teach to others

Cons

It would be nice if this software could be utilized as a crm as well. Unfortunately I have to use this and a crm simultaneously.

 
 

cesar from Torres Acquisitions
Specialty: Residential / Single-family
Number of employees: 2-10 employees Employees number: 2-10 employees

December 2016

December 2016

Love it, and wouldn't trade it.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

I love it, has all the features I need and could ever want, wouldn't trade it.

Pros

Keeps track of all my data and can print out reports.

Cons

Can think of any...

Advice to Others

If you have been on the fence about getting this program..... Buy it now. It's going to make your life so much easier!

 
 

aman from greenwave properties
Specialty: Apartments / Multi-family
Number of employees: 2-10 employees Employees number: 2-10 employees

December 2016

December 2016

Property Management Change

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

I found this product to really be amazing. Prior to this, we ran our whole rental management and investment business off of excel worksheets. Sure this works, but when you expand you have nothing but headaches. The great part of this company is that it also has software for renovation/real estate development which makes it easier to work with one partner.

Pros

I love the usability and easiness of use of this product. It is simple to learn and easy to maintain. Cuts out a lot of repititive tasks.

Advice to Others

I would invest into a quality product, ex: budgetrac, when starting your business and not just growing it to save on headaches down the road.

 
 

Stacy from CPU Services
Specialty: Commercial
Number of employees: 11-50 employees Employees number: 11-50 employees

November 2016

November 2016

Highly Recommend

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Cost friendly. Love software. Support is great.Works well for our needs.

Pros

Saves time

Cons

None

Advice to Others

Highly recommend

 
 

Ann from Aston Properties
Specialty: Real estate developer
Number of employees: 11-50 employees Employees number: 11-50 employees

November 2016

November 2016

BudgeTrac Software Review

Ease-of-use

Functionality

Product Quality

Customer Support
N/A

I have used BudgeTrac for about 10 years and it has allowed me to track all aspects of a construction project. The software is very detailed and has many capabilities. The accounting component easily exports into our Skyline software.

Pros

The level of detail the program allows for you to utilize. The multiple modules gives you many options for a project.

 
 

Shelby from University of California, at Davis
Specialty: Home builder - custom

August 2015

August 2015

Budgetrac for the Construction professional

Ease-of-use

Functionality

Product Quality

Customer Support
N/A
Likes Best

I found Budgetrac very user friendly. I utilized Budgetrac on a daily basis in my role as Purchasing Coordinator for a Custom Home builder.

Likes Least

There really isn't anything about Budgetrac that I didn't like. It worked great for what I needed it to do. I processed many subcontract agreements and with that there was a lot of budget related tasks that I used Budgetrac for.

Recommendations

I would recommend familiarizing yourself with the different modules so that you get the most optimization of the software.

 
 
 
Showing 1-2 of 2

Karen from Pettinaro Construction Co., Inc.
Number of employees: 51-200 employees Employees number: 51-200 employees

July 2017

July 2017

Budgetrac works well for tracking construction and maintenance costs.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Pros

Budgetrac is easy to work in, not a complicated system. If we did run into a problem with something we were able to call support and resolve our problem in a timely manner. There is also a payroll module, not all programs include payroll.

Cons

The only thing I wish the program could do is to pull a report with hours on a job for a specific time period. The system will pull hours but it is from the start of the job

Source: Capterra
 

Adam from Highland Development Ventures, LLC

February 2016

February 2016

As of Jan 2016 the software is still in beta version -full of errors and NOT useable.

Ease-of-use

Product Quality

Customer Support

Ease-of-use
Usability
Product Quality
Quality
Support

I've used Yardi, Argus, and host of complicated softwares. I mention this to let you know that this is not a user issue. Budgetrac is full of errors. For instance, a $363,000 payment with 10% retainage, it correctly shows retainage at $36,300, but instead of a payment of $326,700 Budgetrac made it for $294,000. In addition to math errors, phantom payments appear in expense reports, while some payments are dropped. Invoices often lockup and you can't delete or correct them before they are processed. Often invoices aren't "posted" which is required for the rest of the system to recognize them. Although they have a Customer Service number, they don't have any personnel - except for the implementation person, who is your only contact and you could wait over a week for him to respond. After 4 months of hearing promises of Budgetrac is correcting the system in the next upgrade, I finally asked for a refund - at which point they went quiet. I eventually had an attorney contact them at which point they offered a $1,750 refund of my $6,280 investment if I promised not to disclose all the problems I encountered. I didn't accept the offer

Source: Capterra