What is the most important industry standard software to be an expert in?
I know of Yardi and Argus Enterprise, are there other software platforms I should look into?
[{"id": "gqxmhje", "text": "Excel", "replies": [{"id": "gqxqsif", "text": "As a broker, I would say focus on developing a solid CRM through Apto (Salesforce). Costar is easy to use. But as a real estate investor, analyst, etc... excel is everything. Our financial model is super robust and built off excel. \n\nYou can find a quick class for argus to take at nights around your local university.", "replies": [], "depth": 2}, {"id": "gqxuazw", "text": "Sorry to be a bit snarky, but it's absolutely true. The class by Adventures in Commercial Real Estate is a great intro to Excel for real estate purposes.", "replies": [], "depth": 2}, {"id": "gqxvwse", "text": "This. Argus is a key word to see that will help your resume stand out, but most analytical roles will spend more time in excel than anything else.\n\nOf course this is highly dependent on what part of the field you want to break into. If you want to be a property manager, Yardi expertise is important. If you want to be a broker, you won\u2019t touch Yardi.", "replies": [], "depth": 2}, {"id": "gqxw0kr", "text": "As it stands - Excel is THE tool. \n\nI would say that others are trying to come to the table and offer alternatives. I have software that I believe maintains the robustness of excel while reducing the learning curve. But I am not the only one - Property Metrics is an alternative, as well as Rockport Val. Red IQ is out there too. \n\nWith that said, there is no discounting Excel\u2019s analytical dominance in the industry. \n\n+1 for A.CRE. They have great stuff.", "replies": [], "depth": 2}, {"id": "gr2chfc", "text": "Basically any data in the CoStar platform can be exported to excel in no time, FYI!", "replies": [], "depth": 2}], "depth": 1}, {"id": "gqy7b49", "text": "Just to add some diversity in responses - \nDepending upon where in CRE you want to go and where you are in your career you might want to consider thinking outside the box: \nPython, Access, Power BI, Publishing Software\n\nIf you are trying to \u201cbreak into\u201d a CRE company then having some of those skills (although not really CRE related) can set you apart. It\u2019s good to know that your \u201cnew analyst\u201d can also handle all of your presentations.", "replies": [], "depth": 1}, {"id": "gueau16", "text": "Take a look at **rDCF.** Its from a company called rSquared. It is not nearly as well-known as Yardi or Argus Enterprise, but it works with the latter. Its new to the market, been out a year or so, but I keep running into companies at my brokerage who are using it as an alternative to Argus.\n\nWhat's nice about it is that it gives you a web-based platform to do your property-level modeling (like Argus) but also automatically creates a full featured Excel model to model in your debt and waterfall assumptions. Its really slick.", "replies": [], "depth": 1}, {"id": "gw511al", "text": "Argus and Excel. Hands down.", "replies": [], "depth": 1}]