Digital BookKeeping
Bookkeeping is essential for any successful and new property investor.
Building a real estate investment portfolio is no different to running a company. It is important to know the amount of income your portfolio is generating, whilst keeping track of all the recurring operational costs and outgoing expenses, and staying up to date with the loan repayments.
The advantage of using MyPropertyTool is that you have all the digital tools you need to track your property investment portfolio online. The key difference is that is has been built specifically for property investors, with a number of in-built algorithms to simplify the process for you.
As your portfolio matures you can upload an unlimited number of statements, add multiple investment properties to the platform, and track the overall performance of the portfolio as you grow expand it
MyPropertyTool is a trusted digital bookkeeping system built specifically for the Australian property market.
Visualise and Track
The MyPropertyTool simplistic visual approach gives you the ability to understand your property portfolio at a glance, by adding your portfolio to the platform and tracking your financials in one place. This gives you the edge by using the property forecasting tool within the platform to project the value of your portfolio going forward 10 years. This is possible using key research data points along with a highly sophisticated algorithm to do so.
Tracking your financials properly using MyPropertyTool's digital bookkeeping system also means you can leverage the after-tax cashflow tool to calculate your estimated tax return at the end of financial year. This helps you navigate through messy financials in a few simple clicks. *provide all the correct and key information has been added to the property portfolio.
The advantage of using MyPropertyTool is that you can access your portfolio anywhere, anytime, through your mobile phone or laptop.
In-built Artificial Intelligence
MyPropertyTool has been developed using a number of in-built AI Algorithms to simplify the bookkeeping & reporting process.
The tool has in-built functions to bulk-update transactions, replicate transaction patterns, and to auto-calculate your loan repayments in a few simple clicks.
The platform also provides investors the flexibility to override specific transactions and calculations if they need to at any given point in time. In a simple step you can easily share your portfolio details with external professional parties, such as your accountant or mortgage broker or tax consultant at no extra cost.
Track your portfolio to the lowest level of granular detail or at a high level birds eye level when needed. This gives you the flexibility to focus on key points or the whole portfolio at any given point.