Anyone use an App?

by Readers Question

9:22 AM, 9th October 2020
About 2 weeks ago

Anyone use an App?

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Anyone use an App?

Hi, I currently have a small portfolio with 20 properties that I have had for over 15 years. I have always managed accounts and expenses on Excel which has worked well till now.

With new legislations constantly coming in and data needing to be reported on I am now looking to have a central store for documents, expenses, property details, tenants details, licensing, EICR dates etc.

Now there are a number of apps out there I have looked into as ideally I would like an app that I can use on my phone to record images etc while I’m out and about rather than desktop based. It needs to be able to report finances, reports of arrears for example. Having options to create new fields to hold dates would be a nice feature.

Does anyone currently use any and if so what’s pros and cons

Many Thanks

Andrew


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Comments

Ian Narbeth

10:48 AM, 9th October 2020
About 2 weeks ago

We use Arthur https://www.arthuronline.co.uk/ Still getting to grips with it but it integrates with QuickBooks and Xero.

Gary Nock

22:45 PM, 9th October 2020
About 2 weeks ago

With 20 properties you might want to look at 1090:

https://www.10ninety.co.uk/pricing/

NEIL T

15:27 PM, 10th October 2020
About 2 weeks ago

Reply to the comment left by Ian Narbeth at 09/10/2020 - 10:48
Thanks for the comment Ian. I use the discontinued Quicken 2003 - have done for years because it's so powerful. But now I'm looking for something that's more LL focused.
You're still getting to grips with it, but are you seeing signs of it saving you time and money? And is there anything good that really stands out for you? Cheers Neil.

Richard Jackson

8:06 AM, 11th October 2020
About 2 weeks ago

Hi Andrew, we have just launched a new app designed for exactly what you’re looking for, at a very reasonable price. In fact Property118 sent an email out about a month ago when we were looking for a few more testers. Would be delighted to show you the product or you can start a free trial! richardja@alphaletz.com and http://www.alphaletz.com

Russell Carty

9:11 AM, 12th October 2020
About 2 weeks ago

I am using Landlord Vision and it has proved to be really good. The app could do with work, but the web based program is great. Takes some time to get set up with all your property/tenant info, but once done it works very well. https://www.landlordvision.co.uk (its also cheaper if your an NRLA member.)

Andy

15:41 PM, 12th October 2020
About 2 weeks ago

Reply to the comment left by Russell Carty at 12/10/2020 - 09:11
Thanks Russell

I have tried this and was good for a basic level but not much customisation for additional fields ie license numbers etc

Everything seems to have to be kept in notes

I did like it a lot as you said once setup seems to be easy

Sanjeev Paul

19:30 PM, 12th October 2020
About 2 weeks ago

Hi Andy, you could try out http://www.landlordstudio.com, it is the best I have personally come across. It has a very intuitive mobile app, lots of features and looks good too, which is always a bonus.

NEIL T

23:37 PM, 12th October 2020
About A week ago

Reply to the comment left by Sanjeev Paul at 12/10/2020 - 19:30
It's an American package. Is there a UK version?

Heather G.

11:19 AM, 22nd October 2020
About 24 hours ago

I've been using Excel based on the Landlord Vision system but am now migrating to Lendlord (recommended through Property Tribes). I think it has most of what you're looking for but they are regularly adding new features and seem responsive to requests for functionality. They are currently working on the import of bank statements. It includes a P&L (monthly, yearly & by property), deal analyser (haven't tried yet), tenant & document info, calculates cashflow, LTV, equity, appreciation & stress tests. Has payment history, breakdown of expenses & rent collection and you can upload certs. There are a number of tutorials on YouTube & Property Tribes. It's taking me a while to import all my historical records but I think once I've done it, it will be really effective.

Andy

11:43 AM, 22nd October 2020
About 24 hours ago

Reply to the comment left by Heather G. at 22/10/2020 - 11:19
Hi Heather,

Thanks for reply.

I’ve been looking at a few but not that one so will take a peek

Can I ask why you migrated from landlord studio as always interesting to know reasons was it cost or functionality

Thanks

Andrew

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