Salem, OR (PRWEB) June 12, 2010
ProAPOD®, a leading provider of real estate investment software used by agents, investors, and other professionals nationwide since 2000, has just announced that it recently added some innovative features in response to requests made by its customer.
“We listen to our customers,” ProAPOD developer James Kobzeff says, “and when we receive a suggestion we believe will improve our software and better serve user demands, we implement it.”
“The option to create reports with the Euro, Pound, Rand, or Yen currency symbol rather than just the US Dollar symbol is a good example,” Kobzeff adds. ”After it was suggested, we modified the software to allow users to select which of the five currency symbols they prefer to use on the reports and the software responds accordingly.”
“The same goes for the Canadian loan amortization we implemented. The user can choose whether the program should compute for a US or Canadian loan and the correct amortization method apply automatically.”
According to Kobzeff another customer suggestion resulted in giving the user more flexibility over how the program creates its 10-year Proforma Income Statement. Rather than having to make revenue projections based solely on the property’s first year vacancy rate, income, and operating expenses, the user has been given the option to “step” the data.
“The idea was inspired by a customer who was analyzing a property expected to have an abnormally high vacancy rate during the first year of operation,” Kobzeff says. “He wanted the option to reduce that rate starting in the second year (and perhaps again in the third year) so that his revenue projections would be more true to his assumptions.”
“So we added a feature that allows users to adjust the vacancy rate (as well as the income and operating expenses) several times over the holding period.”
ProAPOD also boasts other innovative features not commonly found in affordable real estate investment software such as: the option to select between “passive losses carried forward” and “losses taken currently” for revenue projections, the option to select one of five methods to compute the future selling price of a property for revenue projections, a form that makes it possible to evaluate the property’s cash flow and rates of return based upon various rent scenarios, and a tool that makes it easy for the user to arrive at a sale price based upon various rates of return.
“Naturally, we don’t act on every customer suggestion,” Kobzeff admits. “Sometimes they simply do not add enough ‘punch’ to the software to make it worthwhile. But with the suggestions that we have implemented, I must say that ProAPOD is head and shoulders above the program that Realtor Magazine choose to feature as a ‘Cool Tool’ in 2003. So we really have come a long way.”
For additional information on these and other innovative features included in the ProAPOD Real Estate Investment Software solutions contact James Kobzeff or visit http://www.proapod.com. ProAPOD is available for immediate download and runs as an application for Excel under Windows. Licensed users get two permanent downloads with free updates for one year.
ProAPOD is a privately held software company located in Salem, Oregon. James R Kobzeff is the founder and owner and has over thirty years of experience as a real estate agent, broker, and investor.
James Kobzeff, Owner
ProAPOD Real Estate Investment Software