About
Proppel isn’t just a property management company, we’re innovators in property management systems. We offer you a brand new way for property owners to manage property assets, whether you’re currently living in it or renting it out as a form of income. Our system might be brand new, however, the methodology behind it was actually developed over 10 years ago.
In 2009, Proppel’s founder had been working as a software designer for 12 years, leaving him with no real retirement plan and little in the way of savings. It was at this critical point that he made a choice to invest in his financial security and decided to pursue a personal strategy in property investment.
Like all aspects of his life, our founder took this decision very seriously and was dedicated to doing all the research required. This involved:
- Utilising online learning materials to develop a comprehensive understanding of the property landscape
- Reading anything property related that he could get his hands on
- Attending open inspections and keeping an eye on the local market in suburbs of interest
- Talking with more seasoned property investors about their experience and journey so far
- Taking a holistic approach and learning about all the elements involved (accounting, construction, legal processes)
After months of research, he started to become overwhelmed. Plagued by fears of making the wrong choices and suffering severe financial consequences.
- Where should I buy? What should I buy?
- What if I pay too much?
- What if I lose my income?
These were all valid questions he began to ask himself, making him feel unsure to continue with property.
After finally putting his doubts aside, our founder concluded that there had to be a simpler way. A method of sorting through the massive volume of information and opinions available and using maths rather than emotions to make his investment decisions. Seeing as there was no suitable application or system available to him at the time, he did the only logical thing a software engineer could do – he created one!
Encompassing all the information he’d learned was important, our founder built a comprehensive property management system to help streamline the process of buying, maintaining, and servicing investment properties, and thus, Proppel was born!
Our founder custom built several calculators that simplified the choices available and made buying the property
Fast forward 15 years. Our founder has retired with his property portfolio and is now creating Proppel for Australians to use.
He built several calculators that made the decision to purchase property easy
Where is Proppel up to?
Proppel has, and always will, endeavour to be one of a kind. We’ve worked hard to develop a property management system that simply cannot be rivalled. As we enter our BETA testing period, we look forward to hearing your feedback and comments about our software. Your experience with the desktop and mobile versions of Proppel is critical in developing the best possible property management solution we can.
Frequently asked questions
Proppel is free of charge for use. Proppel is currently in its beta testing phase and is free for anyone to use. Some functions of the platform may incur fees in the future, but that will depend on a range of internal financial factors. For the time being, there are no plans to charge our users any fees.
There’s no policy in place that requires you to use anything, you can choose to use whatever functions are useful to you. Proppel has a wide range of applications and can be used by many different types of individuals. When it comes to property, there’s a lot of information to take in. We attempt to make it easy for you to manage all this by giving you everything you need in one convenient place. In time, you may find yourself making use of more and more features of Proppel.
We’ve designed a system that’s easy to navigate for anybody. Intuitive and advanced, you’ll find yourself becoming a Proppel expert in no time. Most features come with a built-in tutorial to show you exactly how to use them.
Click here to find out more about how Proppel works. If you do have any difficulties or are still unsure, feel free to email our customer service team at any time for a little extra guidance.
While there’s nothing preventing you from doing this, the platform is founded on Australian rules and regulations. Information and calculations relating to taxation, interest rates and leasing may not be accurate for international property. There is still, however, a range of property profiling features you can utilise for property outside of Australia.
Absolutely. Proppel is a great way to manage the data for your principal residence. Our property management software provides its users with features to assist in property profiling and household expense management. One day in the future if you want to sell your home, buy a new one or know what your spending is. Proppel can be used in this manner.
In short, you don’t need to do anything, however having all your information organized makes your life easier when it comes to tax time, selling or acquiring more property assets.
Generally having the information for your property assets organized by property is better than the alternative or memory, spreadsheets, and disorganized documentation.
At some stage we hope to offer this feature, but currently we don’t support integration. Soon we’d like to be able to offer integration with open banking service, national property data databases and many other useful online systems.
Indirectly, yes. Our platform gives you access to property tools that can assist you with the purchasing process. See our Calculators in Proppel.