What software/apps do you use?

RE Dev's picture
Rank: Orangutan | 266

The CRM thread is what inspired this question along with my personal interest in finding a central system that has the ability to integrate all facets of an investment/development shop from various systems. So what apps or software do you guys in the industry use? Most real estate firms are pretty archaic and the systems are segmented from my experience. Curious what systems people are using for each facet of their business and if they integrate with each other. Feel free to add additional categories and apps.

Probably helps to state what your firm does and size, ie national investment sales brokerage, local/regional developer focusing on high-rise apartment developments, 3-man value-add shop, commercial or residential focused, etc. Interested to hear from perspective of large corporations down to people managing their own small portfolio.

Property Management - Yardi, MRI, Appfolio, Buildium
Asset Management - VTS, MRI, Yardi
Contact Management/CRM - Cloze, Podio, ZoHo Salesforce
Accounting - MRI, Yardi, Quickbooks, Freshbooks
Project Management - Microsoft Project, Smartsheets, Podio, ZoHo, Wrike
Financial Analysis - Argus, Excel
Property/Market Data - CoStar
Storage/Cloud/Filesharing - Dropbox, Box, Google Drive
Integration - Zapier, IFTTT

Comments (80)

Feb 7, 2018

I'll add what our firm uses.

Family office investor/developer with about $1B AUM across the nation, 100 employees.

Property Management - MRI
Asset Management - none really besides MRI, looking into other more robust reporting systems
Contact Management/CRM - None currently, Cloze from the other thread looks interesting
Accounting - MRI
Project Management - none really, everyone manually tracks their own projects
Financial Analysis - Excel and Argus
Property/Market Data - CoStar
Storage/Cloud/Filesharing - Dropbox for most things, our department also uses Google Docs for shared reports we manually update
Integration - no apps specifically as we don't have multiple systems to integrate. May become an issue as we explore additional apps (Asset Management, for example)

    • 1
Feb 7, 2018

Evernote was big when I was with the real estate developer (~15-man shop). It was used for almost any event that required notetaking along with personal uses. In the event that pen and paper were used due to its quickness and ease, the written document would just be transferred to Evernote when time permitted.

Feb 7, 2018

Debt/Equity Brokerage with regional focus, 4 employees

Contact Management/CRM - HubSpot, interested in Cloze, passed on Clientlook
Accounting - Quickbooks
Project Management - G-Suite, OneNote, Slack, have considered Dealpath
Financial Analysis - G-sheets, Excel, have considered Argus developer on-demand, Lucro, Fuel, Assess+RE
Property/Market Data - Reonomy, Credifi, Crittenden, Buildcentral, have considered Preqin, Recity, SNL, Trepp
Storage/Cloud/Filesharing - Google Drive
Integration - Integromat (G-sheet + HubSpot), passed on zapier

Feb 8, 2018

Development Manager here.

I use MS Office, Bluebeam, and our office's cloud server. I also use FileBrowser for accessing that server on iPhone/iPad. I use Dropbox to send drawings to people. I use my iPhone's camera and Mail apps a lot too...

Some of y'all's lists are pretty wild.

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Side-by-side comparison of top modeling training courses + exclusive discount through WSO here.

Feb 8, 2018

I'm in a similar situation, also very interested to hear what software people might be using to manage construction/project management etc!

Feb 8, 2018

I work at a local PERE firm. We use YARDI, Argus, VTS, and timerbline (accounting software but i'll pop in there from time to time)

Feb 8, 2018

Wasn't aware that C++ or VBA were considered software.
Learn something new everyday I guess.

As to what each software package does, this site does a pretty good job at explaining it.
http://tinyurl.com/cqvga Just type in what does XXXX do? and click "I'm feeling Lucky".

    • 1
Feb 8, 2018

I took it upon myself to learn VBA for an internship I had. It didn't quite help a lot then, but once I got to my SA, everyone was impressed at my proficiency in excel. Look, the more you can learn, the better - this goes for any field you're involved in. The most important thing is to show your interest and ability to prove you've gone above and beyond yourself to make yourself to make you the most qualified/efficient at the position.

In the war against you and the other qualified candidates out there, the best arsenal is to prove that you have outdone yourself.

In the war against you and the other qualified candidates out there, the best arsenal is to prove that you have outdone yourself.

Feb 8, 2018

VBA I can see as being of some value, especially for data manipulation. But it is very hard to leanr from scracth and is surely not NPV positive investment

Feb 8, 2018

Portia

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Feb 8, 2018

It would be great if you guys can share your personal experiences with such accounting software.
To start things off:
Whats the pros and cons of the software?
Are there any quirks/things to take note of when using the software?
What's your experience of product support offered by the software company?

    • 1
Feb 8, 2018

Thanks for the information! Any idea on pricing? We are being quoted $45K per year for the system we were looking at.

That is for 2 user access (the internal and external accountant). Just trying to gauge if this is even a reasonable price?

Feb 8, 2018

I did fund accounting for my first job at a major firm that hedge and mutual funds outsourced to do keep their books and records, we used InvestOne enterprise by Sunguard.

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Feb 8, 2018

Geneva, worst app ever.

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Feb 8, 2018

i heard metastock is a good one. do you have real-time data feeds?

Feb 8, 2018

You need to put the new cover page on those TPS reports.

Seriously, have never heard of any of those programs - the main programs you will use in IBD are Excel, PowerPoint, FactSet and/or CapitalIQ, a little bit of Bloomberg and whatever custom macros/toolkits your bank has (if any). There are some websites as well, but that's easily picked up.

Feb 8, 2018

illustrator.

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

Feb 8, 2018
sayandarula:

illustrator.

That. Though more specifically, Adobe Illustrator CS5

Feb 8, 2018

But if you have no experience with graphic design and need this thing fast, I'd suggest hiring a designer. You can easily find one online and I would expect it to run you anywhere from $50 to $200

Feb 8, 2018

nowadays adobe lets you buy subscriptions to their CS products. you can pay either month-to-month or annually.

https://store1.adobe.com/cfusion/store/html/index....

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

Feb 8, 2018
sayandarula:

nowadays adobe lets you buy subscriptions to their CS products. you can pay either month-to-month or annually.

https://store1.adobe.com/cfusion/store/html/index....

just pirate adobe CS5 and play around with it. i'd recommend illustrator.

thepiratebay.org

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Feb 8, 2018

How are you going to collect that "sentiment" in real time?

Feb 8, 2018

When we get the data in real time from several sources off the Internet from News Government and financial web sites, RSS feeds especially Twitter in real time we bring that data to our real time analytical engine which aggregate and categorize every important messages then we apply National Language Processing technology to find the real time sentiment. This process is done in less than a second every important event can be seen in our front end dashboard.

Feb 8, 2018

ThinkOrSwim. You'll get 2 streaming chart packages (TOS + Prophet).

Feb 8, 2018

FactSet Research Systems,
Informa,
Lipper,
Mercer,
Mstar Direct,
MPI Stylus,
PerTrac,
Strategic Insight,
Wilshire,
and Zephyr Management

Are the options I've seen. I think BlackRock uses Zephyr

Feb 8, 2018

Thanks for posting this, it was exactly what I was looking for.

I currently use mechanica which does have performance reporting features, but it's more systematic trading, backtesting and automation focused.

Feb 8, 2018

Wealthbench has great risk analytics tools

Feb 8, 2018

Developers program everything in my place...

Feb 8, 2018

Would you rather have nice hardware/software, or higher compensation?

Feb 8, 2018
Connor:

Would you rather have nice hardware/software, or higher compensation?

This

Feb 8, 2018
Feb 8, 2018

I'd rather have hardware that let's me get my work done at a pace competitive with a broken macbook.

We're also running XP

Feb 8, 2018
View from the top:

I'd rather have hardware that let's me get my work done at a pace competitive with a broken macbook.

We're also running XP

Two big heavy models open and my computer starts to have trouble, it's not cool and honestly does hinder your work.

To the hardware or comp argument: as a % of comp. kit is small.

Feb 8, 2018

4GB RAM running on XP.

Not too bad, but lags a bit.

Feb 8, 2018

At my SA bank, we had shiny new HP laptops with great spec's... but they downgraded them by installing so much company-specific crap and forcing us to use specific programs that it didn't even matter. Ran slow as balls.

Feb 8, 2018

They'll have some bridges to sell you as well.

Feb 8, 2018

I have several of them. Send me a check first and then I'll send my software your way.

Feb 8, 2018

DEAR SIR,

I am Prince Kufour Otumfuo the elder son of the late King Otumfuo Opoku ware II whose demise occur following a brief illness. Before the death of my father, King Otumfuo Opoku ware II, I was authorised and officially known as the next successor and beneficiary of my father's algorithmic trading software according to African Traditional rite. Unfortunately his untimely death led to an uprising and the seizure of the code. Although it is invaluable, I need about three fiddy to post as bond for the software. If you can send this cash to my PO box in Abuja, Nigeria I will share the code only with you. Please send the money to the care of: LOCH NESS MONSTER.

MANY THANKS IN ADVANCE

Feb 8, 2018
Revsly:

DEAR SIR,

I am Prince Kufour Otumfuo the elder son of the late King Otumfuo Opoku ware II whose demise occur following a brief illness. Before the death of my father, King Otumfuo Opoku ware II, I was authorised and officially known as the next successor and beneficiary of my father's algorithmic trading software according to African Traditional rite. Unfortunately his untimely death led to an uprising and the seizure of the code. Although it is invaluable, I need about three fiddy to post as bond for the software. If you can send this cash to my PO box in Abuja, Nigeria I will share the code only with you. Please send the money to the care of: LOCH NESS MONSTER.

MANY THANKS IN ADVANCE

ahahahaha "Unfortunately his untimely death led to an uprising and the seizure of the code." AHAHAHAHA "LOCH NESS MONSTER"

This is fucking hillarious

Feb 8, 2018

is srs?
or is not srs

Feb 8, 2018

I switched to automated trading since manual trading became to time consuming for me to be compatible with university. (You can find some information about what I did at www.smartstone-capital .com )

Most of the software for trading automation should come with some kind of strategy wizard that lets you implement ideas without programming. However, this will put some limits on the complexity and sophistication of your strategy. Also as a novice in automated trading it is easy to make mistakes (such as strategy overfitting and/or misinterpretation of backtest results) which only become apparent in hindsight after something bad has happened.

For deposit and transfer of money, it really depends on what kind of software to use. A few firms like Tradestation are also a brokerage, while others such as NinjaTrader only provide the platform for your strategies and you need an API connection to your broker, data provider, etc.

Expect to invest quite some time before you get something useful out of it.
Bottom line: No easy $$$ ;)

Feb 8, 2018

seems legit.

Feb 8, 2018

morningstar is eh, but much cheaper than the other things you mentioned.
Thompson One is another option (though probably more than you'd like to shell out by yourself)

"Success means having the courage, the determination, and the will to become the person you believe you were meant to be"

Feb 8, 2018

I would recommend you to go with Replicon. My financial structure is being taken care by the cloud based Replicon's expense reporting software.

Feb 8, 2018

Tradestation is the best overall. Tradeking is second IMO. Take a look at Tradestation, or compare the brokers via google tradestation vs thinkorswim vs tradeking.

Feb 8, 2018

paypal

Feb 8, 2018

Try these following tools:

Sage Timeslips
CosmoLex
MyCase
AbacusLaw
Clio
Amicus Attorney Premium Billing
FreshBooks
Bill4Time
BillingTracker Pro
AdvantageLaw

I used Bill4Time. At the end of the day, you want to present an invoice to your client. You want all your hard work organized, itemized and professional. Everything tracked in Bill4Time is organized along the way in detail, down to the billable minute. Producing an invoice in Bill4Time only takes a matter of minutes and comes in many forms, including email, PDF, and LEDES.

Feb 8, 2018

Saw this while hunting around- you might want to check out accountsight -- 10/month and is integrated with paypal. Works great.

Feb 8, 2018

If your recovery is urgent, call Microsoft and see if you can save it in another file format and export it back in properly.

Feb 8, 2018

Hi flyngmonkey. Thanks for your reply.
I can't save it in another file format and export it back again, I've already tried. I need recover the data as soon as possible and the only way is recovery the same corrupted file. I saw many recovery tools, but I need an advice because these tools are not free and I do not want to be wrong in buying this tool.

Feb 8, 2018

Hi again, I'm happy because i could repair my spreadsheet with ExcelFIX.
So if anyone has a similar problem, I recommend it.

Thanks anyway for your advice.
Regards!

Feb 8, 2018

Bloomberg

Feb 8, 2018

Thanks for replying! I've heard of Bloomberg, but am not familiar with it since I don't work in the industry. I'll go do some homework on it and come back with questions.

In the meantime, would you mind giving me your opinion on the Bloomberg terminal as a solution?

-How long did it take you to learn?
-How intuitive and user-friendly is it?
-Which of its features do you use most often?
-What job or jobs did you "hire" it to do, and how well is it doing? Put another way, if it were an employee, would you need to reprimand it for anything?

Feb 8, 2018

For Asset Management software we use Freshservice. Tried Lansweeper but it fails at maintaining items not on the network (disconnected computers, projectors, loaner laptops)

Feb 8, 2018

Aladdin by BlackRock is a good standard for institutions. Assuming you're a sole operator, I would look into Interactive Brokers, I believe that have some PM capability that allows you to manage multiple portfolios. I've heard of FinFolio as well, but never seen/used.

https://www.interactivebrokers.com/en/index.php?f=...

Feb 8, 2018

Hey FutureValue, sorry about the delay, but are any of these useful:

  • UBS Chicago: culture, dealflow, hours Does anyone know anything about UBS Chicago with respect to culture, dealflow, or hours? I know ... are there enough live deals to go around? Would it put me in a good position to move to one of the top ... execution out of the Chicago office, is that true? Does anyone know how strong the dealflow is? And normal ...
  • Citi IBD Groups- How is deal flow and experience? Wanted to know everybodys opinion on the best 3 groups to get into at Citi in terms of analyst ... experience, dealflow, prestige, and exit opportunities (all lumped in together). I know there are some threads ... up-to-date happenings at the firm. This is EXCLUDING M&A, since I believe the group is full from ...
  • How has your dealflow been? dealflow all of you real bankers have been experiencing. I'm sure this information will be useful to ... As I prepare for my summer analyst position this summer, I'm curious as to what kind of ... you in? (BB /MM/Boutique, geographical location, industry/group)-How much dealflow have you been ...
  • Dealflow and analyst capacity To what extent is it true at investment banks, especially bulge brackets, that deal flow is ... wouldn't it be the case that as an analyst, you can expect to be engaged on some sort of deal activity to ... generate to keep their positions (more or less the situation). Similarly, analysts only have a set amount ...
  • PE Interviews- Is the role of dealflow overrated? that deal experience (high group deal-flow) is overrated when interviewing for PE positions? The logic ... goes as follow: join a group which has the highest dealflow in the bank, as the more deals an analyst ... Posted this on another thread but since its inactive decided to post it here. Do you guys think ...
  • Here are the Target Undergraduate Schools in Canada Management Program/Major that sends a quite a few kids to Wall Street and a lot of Bay Street including a few ... because the city is home to many wealthy retirees and immigrants. UBC Sauder portfolio management ... to energy-related finance and IB in Alberta. The PRIME program (which manages an Investment Fund like ...
  • REPE Dealflow acquistions team on the West Coast. As I'm relatively new to the industry, I'm curious what deal ... to call in sick to watch all the new Arrested Development episodes. repe ...
  • More suggestions...

If we're lucky, maybe I can guilt some users to help you out: @theLostnDamned @theLostnDamned @Burns

You're welcome.

Feb 8, 2018
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Mar 29, 2019
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