My Property Stats Reviews

MPS is clean, intuitive, and powerful

Pros:

I love the simplicity of the interface and the ability to run multiple comparisons of the same deal. Previously I'd have massive excel sheets running different scenarios, but now I can have a cloud based approach that has a compare feature built in.

Cons:

The only downside I've experienced so far is since I've been using the software during the early stages sometimes I've come across some bugs. Some have already been resolved. Additionally, there are a few features that are still in development that I'm waiting on.

Best Underwriting platform hands down

Comments: Easy onboarding.
An intuitive spreadsheet feel.
Clear analytical results

Pros:

The intuitive entry of assumptions allows for efficient and consistent analysis of multiple acquisition opportunities, comparing apples to apples. The Goal Seek feature allows the calculation of unbiased offers and honest results, driven by logic instead of emotion.

Cons:

I would like to see a feature that allows for variable rate debt service, inflation and other macro assumptions. This is rare in other software as well, so not a major issue with consistent underwriting practices. Also, I'd like to goal seek on various metrics including DSCR or the breakeven with a floating rate, for example.

Great start to a great product

Pros:

This is a great product to help visualize and plan for growth.

Cons:

I would like more features that benefit my current portfolio.

Simple and useful

Comments: Using My Property Stats has helped speed up the process of evaluating any real estate investment and comparing different offers.

Pros:

You're able to easily get calculations on loans, income, expenses, NOI, cash flow, cash on cash return, IRR and anything else you might need to evaluate an investment. You can "deal seek" offers that work for you so you know what offers to make.

Cons:

I've been using it since launch and if I submit issues/suggestions they provide feedback. They've also been making updates regularly to provide additional functionality.

My Property Stats review

Comments: I have used the software extensively to underwrite potential real estate purchases and it has made the process so much faster, organized and profitable.

Pros:

The software organized multiple tasks used to underwrite potential real estate acquisitions into one platform therefore decreasing the time and effort needed from evaluation. It also allows you to compare different models of structuring the purchase to see which is more favorable.

Cons:

The only con I have is that I didn't have this software when I started my real estate investment career 25 years ago. My mistakes would have been smaller and my successes larger.

Best Deal Analyzer And Its Not Even Close!

Comments: Flat Awesome!

Pros:

I like everything about My Property Stats.

Cons:

[SENSITIVE CONTENT]modified and added the very things that were missing to now it is a complete deal analyzer

Review

Comments: Great

Pros:

It is easy to function and easy to use. I use it to find out about the value of homes.

Cons:

No complaints I have been using this software for many years.

My Property Stats Made Everything Simple

Comments: It's been great. I've learned a ton while using the app and feel comfortable evaluating deals and making offers by having all of the numbers I need easily retrievable.

Pros:

I like that the software has everything in one place. It seems like the developer has thought of everything around managing real estate. I love that I don't have to have several excel sheets to track and assess my portfolio and future purchases. I also really like the goal seek function. It's already saved me from some emotional offers and has helped me stay true to my goals. Lastly, the compare function is great. I can compare multiple offers side by side.

Cons:

I wish it had a downloadable month to month proforma. Annual is all you need but a month to month for beginners or those seeking funding is useful.

I love it! A must have for active real estate investors and managers.

Comments: I use it a lot. I find it helps me weed out deals that do not meet my qualifications very easily. It also is very useful in helping me formulate offers with the ability to compare their results.

Pros:

My favorite function of the software is its comparison features. Comparing deals and scenarios is made much easier with this software. It also makes sharing information very easy.

Cons:

The color scheme is elegant but faint. It can be tiring on the eyes keeping lines and sections straight. There is a steep learning curve in utilizing the stabilization section. Luckily customer service is excellent and always there to help.

I've been looking for this for years...

Pros:

Intuitive, easy to use, great support, saves a ton of time.

Cons:

A few minor bugs, which have been fixed quickly.

Best comprehensive application out there

Comments: I started using MPS literally on the day it was announced. Within minutes of use I had ProFormas for multiple properties that I was underwriting.

Pros:

MPS is feature-rich yet easy to use. The screens are well organized. Fill in the parts that you need, ignore the rest, and get your results... FAST.

Cons:

I discussed the minor issues (mostly enhancements that I wanted) with [SENSITIVE CONTENT] directly. He was very receptive to my comments, and actually included some in the following release.

Real Estate Investing Must Have

Pros:

My Property Stats is an all in one real estate investment software to assist in analyzing deals and keeping your portfolio organized. It is easy to use and the support and training is outstanding. A must have for new and seasoned investors.

Cons:

None. It is an all in one software that is easy to understand.

This is an essential tool for both real estate and corporate investing!

Pros:

The user friendliness and customization options make evaluating opportunities simple and effecient.

Cons:

There were a few bugs in the program when i first started using it, support was amazing and they were quickly addressed.

Very helpful! Saves time!

Pros:

-saves time in the long run with analyzing property, features to compare properties, automatic calculations

Cons:

Does take some time to learn how to use it but that’s part of it, just like with anything. I’m still learning myself but it’s valuable!

Analyze quickly and effectively

Pros:

There is a goal feature that provides me the right price to hit my returns

Cons:

A few minor glitches cost a minute of time

Huge help in analyzing!

Pros:

The more I learn about this program, the more beneficial it has become!

Cons:

The only thing that I dislike about this is the fact that I have gone so many years with nothing else to use like that!