Operators Dashboard: Buy & Hold Rental Property & Property Mngmt

Operators Dashboard: Buy & Hold Rental Property & Property Mngmt

Grant ShipmanPro Member
Rental Property Investor · Estes Park, CO · Member since 2017 · 283 posts · 1k+ votes

I've searched for over 4 years now and spent a lot of money and time w/out having solved this problem yet.  I'd appreciate any recommendations from your own experience (if you are or have been an asset management and property manager).  

I'm looking for financial/reporting software that gives an operators dashboard filled with KPI's, helpful optics, etc of my property management company and each investment property I asset manage.  The property management software out there hasn't been sufficient on the accounting side (i.e. Yardi, etc), the financial software out there hasn't been sufficient on the industry specific side (quickbooks, xero, etc), the reporting software isn't industry specific enough and has me paying for way more features than I need like HR/inventory/etc (Jirav, Netsuite, CFO Scoreobard), and industry specific attempts like Stessa require software like quickbooks that it doesn't integrate with well yet. 

I'm assuming a solution to my search has to be out there because what I do is common: 1) Own a property management company with 1-10 employees, and 2) I asset manage rental properties owned in separate partnership LLC's that I own with passive investors.

I would love a dashboard that shows me the the main optics I need to run my business that auto-populates from: P&L's, Balance Sheets, Cash Flow Statements, Occupancy reports, Property Management KPI's, key ROI types, IRR/XIRR.

Thank you for reading, and please only chime in if you have personal experience as a AM and/or PM. 

PS- the image is just an example of a dashboard I grabbed off of google images. What I'm looking for doesn't need to be near as sexy/charty/colorful, even a well designed spreadsheet would probably suffice. 

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Investor · Charleston, SC · Member since 2021 · 263 posts · 122 votes
4y

Take a look at FileMaker. It’s a database software that can have a really nice front end. They have certified devs all over the country that could make something custom for you. 

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  • Investor · Charleston, SC · Member since 2021 · 263 posts · 122 votes
    4y

    Take a look at FileMaker. It’s a database software that can have a really nice front end. They have certified devs all over the country that could make something custom for you. 

  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
    4y

    What PMC software are you currently using?

  • Grant ShipmanPro Member
    OP
    Rental Property Investor · Estes Park, CO · Member since 2017 · 283 posts · 1k+ votes
    4y

    @Drew Sygit thanks for chiming in! I'm guessing PMC means property management software. I use Rentec Direct. I have regularly looked deeply into others and haven't found a superior product yet, but I'm always looking. If a property management software completely replaced QuickBooks for books/tax/asset-management and covered lease and property management functions well, then I'd be very interested. Does PMC software mean something else?

  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
    4y

    @Grant Shipman Property Management Company.

    We use Propertyware Eric does all our cash based accounting. We stopped using QB 7 years ago

  • Grant ShipmanPro Member
    OP
    Rental Property Investor · Estes Park, CO · Member since 2017 · 283 posts · 1k+ votes
    4y

    @Drew Sygit so what asset and property management optics are you getting?

  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
    4y

    PW has dashboard capabilites, but we track metrics with screenviews.

  • Grant ShipmanPro Member
    OP
    Rental Property Investor · Estes Park, CO · Member since 2017 · 283 posts · 1k+ votes
    4y

    @Drew Sygit Great thanks for chiming in! Have a great time with your holidays and planning 2022!

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