Why was this rental property software developed?

A message from Mark Miller, developer of RealVal:

Initially, I created RealVal for my own personal use. I decided I needed a tool to analyze potential rental property investments. I wanted to be able to quickly compare one property to another and to compare rental property investments to other non-real estate investments. My goal was to find a software application that would help me pick a property with the highest rate of return and the lowest investment risk. Specifically, I wanted a way to accurately forecast future income and expense. I didn't want to use a software application that assumed that income increased by some flat percentage per year or that the annual expense was some percentage of income. I wanted software that would forecast these items while taking into account the uncertainties of the real world (for a detailed example visit our differences page). After months of searching for suitable software with no success, I determined that there was nothing available that would satisfy my requirements. That's when I decided to develop RealVal. I believe that RealVal captures and models the significant factors that can have a major impact on the rental property's rate of return and consequently its investment desirability. It removes the guess work when trying to decide if a particular property is the right investment.

I am a consulting actuary and an avid real estate investor. I am a member of both the Society of Actuaries and the American Academy of Actuaries and the co-owner of a real estate brokerage firm. Additionally, I have a degree in applied mathematics with an emphasis in statistical forecasting and mathematical modeling.

Along with investing in real estate, I have provided consulting and actuarial services to Fortune 500 companies for over twenty years. During this time, I have been involved in hundreds of projects requiring the mathematical modeling and forecasting of complex investment and financial scenarios. RealVal was created using the skills I have developed in these other areas.

  • Cacahuete Properties, LLC
  • 4880 Lower Roswell Road, Suite 165-408
  • Marietta, GA 30068
  • 404.483.4636