Budgetrac Real Estate Developer Software

Pros

This software makes life easier since in just a click away I can have what I need. Presentation wise, no other software can be recommended.

Cons

I am amazed by this software that I can't recall anything that I dislike with this product. Maybe a edit button for the graphs.

Pros

There are lots of different options out there, but budgetrac is an excellent choice. Great for real estate developers and property managers.

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.

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.

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.

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.)

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.

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.

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!

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.

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

Pros

Saves time

Cons

None

Advice to Others

Highly recommend

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.

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.