This week marks the release of a new feature in our REIA product line as well as important updates to our development programs for the Mac.
We have just added the Equity Multiple calculation to both REIA Express and Pro, for both Windows and Macintosh. Download the latest builds of these products to view this metric on the Analysis of Resale and Summary Cash Flow and Resale Analysis reports. You will also find Equity Multiple on our Decision Maker sensitivity analysis dashboard.
Also newly released are updates to C/I Development and On Schedule for the Mac. These two updates bring these products in line with their Windows counterparts by adding features such as waterfall returns in the Partnership modules.
RealData customers should open their software and look for the “Check for Updates” button on the Welcome worksheet, or login to their customer account to download the latest release of these products.
With the new year comes the release of REIA version 18 for Mac. This release has all the same features, calculations and reports that are found in the Windows release.
Like all of our Mac products , it will run under Mac Excel/Office 2011 only. We continue to wait for Microsoft to make fixes and improvements to Excel 2016 so that our software will run correctly in that version. REIA v18 on the Mac runs on Excel 2011, Excel 2016 and Excel/Office 365.
Also available for immediate download is a maintenance update for REIA v18 Windows. This update fixes minor issues in the Cover Sheet and Cash Flow / Resale Assumptions reports. Customers who own a license of the software can download the latest build 1.07 from either the Welcome worksheet of their product or via their customer account at realdata.com
Keep track of all latest releases on our builds page.
We have recently rolled out new builds of all of our Windows products. The main objective was to include a new in-house PDF printer which replaces the third party product we have relied upon for over a decade.
The new printer provides a number of advantages:
- It immediately solves a print fail issue that arose with Windows 10. All customers who have Windows 10 are encouraged to update to the latest build immediately.
- We created the new PDF printer in-house so we can more quickly diagnose and respond to any issues that may arise.
- Our solution is a much smaller file and runs faster.
Also included in this round of updates are cosmetic and other minor changes.
All customers running the latest release of our products should download the latest builds – do this via the “Check for Updates” button on the Welcome worksheet of your product or login to your customer account at realdata.com
View the latest builds of each product on our builds page.
Making assumptions and entering data about commercial lease revenue — especially rollovers — was often a tedious undertaking. Until now.
Enter our latest game changer: REIA Professional’s Lease Rollover Assumptions
What is it?
Our new Lease Rollover Assumptions feature (LRA) is a way for you to store sets of parameters about different commercial lease rollover scenarios, parameters which you can use over and over when entering tenant information in REIA Professional. What is the probability that a current tenant will renew? How long do you think the space will be vacant if a tenant chooses not to renew?
Build your assumptions sets, add your tenants, and apply the LRAs. Done.
You rely on our products to crunch the numbers quickly and accurately so you can make the best and most profitable commercial investment decisions. LRA brings you a whole new level of power and speed.
How it works
First, create a set of assumptions on the new LRA worksheet. Enter values for months vacant, rollover probability, new and market rent, etc.
Then apply those assumptions to a tenant just by selecting the option on the Commercial Income worksheet:
How to get it
If you already own a license of REIA Professional version 18, then you just need to download the latest build from your customer account at realdata.com
If you have a previous version, consider upgrading. Upgrade costs can be found here.
We have a knowledgebase article which walks you through the setup and configuration of the LRA feature.
We’ve just released an updated version of our video tutorial, How to Evaluate an Income Property Investment with REIA Pro. We’ve given the video a serious makeover — additional content, better audio and graphics, greater emphasis on how to use RealData’s REIA software to perform an analysis — and have added a seventh video that provides an overview of some of the software’s more advanced features.
• You get access to the web-based video series on our new e-learning platform. Watch it online at your convenience — on your desktop or mobile device.
• The property analysis is based on a sample case study of a mixed-use property.
• The series uses our REIA Pro product to analyze the investment, but many of of the features portrayed in the videos are found in the REIA Express edition.
• The series is presented by Frank Gallinelli, founder of RealData, Inc.
• Includes seven videos with over 2 hours of instruction
If you’ve already purchased the original release of this series, you’ll receive an email with instructions on how to get the new version at no charge. If you haven’t purchased it before, we invite you to download the case study and view a lesson-by-lesson synopsis.
This week we introduce version 18 of Real Estate Investment Analysis, Professional Edition. It is available immediately for purchase, either for 30-day licenses or time-unlimited licenses. We offer upgrade paths for those who have been with us through previous releases. Currently, this version is available for Windows only.
What is New?
- Fiscal Year Option – Sometimes a perfectly obvious and useful feature is overlooked. In the past year, a number of users suddenly started asking about the option to display data with fiscal year headings — i.e., Year 1, Year 2, etc. — rather than with calendar years. Even RealData’s founder, Frank Gallinelli, insisted on this new feature when he realized his grad students could follow a presentation more easily this way! Now you can have this by ticking a single checkbox in the General settings to make this change throughout the program.
- Sale-Year Cap Rate: Choose Year-by-Year – Nothing lasts forever, not even market cap rates. You might want to test scenarios where the so-called “terminal cap rate” — the rate you expect to be in play in the future — rises or falls over time. Now for every potential resale year, you can elect to use a different cap rate if you like.
- Syndication Fees – Users of our Partnership Analysis module have been asking for the ability to handle syndication fees, and of course we listened. Account for acquisition or disposition fees, as well as ongoing asset management fees.
- New Report Templates for Graphic and Property Narrative – You now have two free-form pages where you can create your own report pages. One is designed to accommodate a graphic. It could be a property photo, floor plan, map — any image file. The other is a property narrative, where you can use as much or as little of two text columns to tell this property’s story. You can style the text, as well as create paragraphs and headings.
- Globally adjust view +10% +25% etc. – Perhaps your desktop has one screen resolution and your laptop something totally different. And maybe neither of them looks good in the default view when you open the program. In the past you had to change the “zoom” setting for each worksheet individually, but we’ve added a function that allows you to apply a global view setting across all the sheets. So whether you want big type or small, the solution is a click away.
- Even more – Drag and drop the order of reports when printing; get help from improved and expanded documentation, cell notes, and knowledgebase
Yesterday we released build 1.12 of REIA Pro which fixes two minor issues: first, the Hide Taxes option was not working correctly with one report and second, we have implemented an improvement to the code which controls the saving and closing of the workbook so that you will not be prompted to save the file if you have not made any changes.
All customers who have a license of the REIA Professional v17 software are encouraged to update their software. Just click on the “Check for Updates” button on the Welcome worksheet, or login to your account at realdata.com to get the latest installer file.
Need waterfall returns for your equity partners in your development projects? You asked and we have delivered by adding this new feature to both our On Schedule and C/I Development programs. This feature is available at no charge to customers with licenses of the latest versions of these products. At this time, this feature is available for Windows products only.
Update your software to version 5, build 1.16 for On Schedule and version 6, build 1.17 for CID by clicking on the “Check for Updates” button on the Welcome worksheet of your product, or by logging into your customer account and downloading the latest installer file.
What are Waterfall Tiers?
With this new option, you can now configure IRR achievement hurdles for your limited partners / non-managing members. Enter up to four different tiers with different IRR rates, just as in our REIA Professional program.
If you have a license of a previous version of On Schedule or CID, consider upgrading to gain access to this and other powerful new features. See our upgrade page for pricing and more information.
Question from a Customer:
“With regards to the loan amortization, does the loan calculation take into account an escrow account or is there a section to enter separate escrow account payments? Or is it easier to book the annual taxes and insurance separate letting the loan calculator calculate just the payment and loan balance?”
Thanks for your question. The amortization schedule on the RealData Calculator is designed to focus strictly on the loan itself, tracking the principal and interest portion of each payment, and the ongoing balance. It gives you the option of dealing with lot of real-world loan scenarios, such as interest-rate changes, extra payment to principal, and skipped payments. The escrow account, however, is something that is separate from the loan, and we think it’s best not to let that obscure the tracking of the loan.
Today we are releasing build 1.07 for Windows and build 1.13 for Macintosh of our REIA Professional product to add a third “short term” analysis mode. This is a free update for all those who have a license for REIA Pro v17.
Select the mode on the General Settings worksheet:
By making this selection, the software reveals a set of worksheets that are specific to a 24-month analysis. In a typical short-term scenario, you plan to purchase a property, do some renovations, and then resell within two years.
With the addition of this feature, we can now say that REIA Pro has all the features that REIA Express has, plus many more. See a feature comparison of the two REIA Products for more information.