Pricing
Serious tooling. Simple pricing.
Every plan includes the full underwriting engine, unlimited deals, and live-formula Excel exports. Start with 14 days free, no card required.
- 1 seat
- Unlimited deals and Excel exports
- 25 AI document imports / month
- Full underwriting engine, all tabs
- Live-formula workbook export
- 2+ seats, shared workspace
- Shared deals, GL memory, chart-of-accounts templates, comps
- 100 AI document imports / month, pooled
- Portfolios and blended returns
- Team invites and roles
If a subscription ever lapses, your workspace goes read-only. Deals stay visible and exportable. Never hostage.
Questions, answered
What counts as an AI import?+
Each document Pencil's AI reads for you: a rent roll or T12 (Excel, CSV, or PDF), a rehab tracker, a retail rent roll, or a rentable-items directory. One file, one import. Manual entry, model edits, and Excel exports never count against anything.
Do I need a card to start?+
No. The trial runs 14 days with full Team features and 10 AI imports, plus a seeded demo deal you can explore and break. You subscribe inside the app when you're ready.
What happens if I cancel?+
Your workspace becomes read-only. Every deal, model, and version stays visible and exportable, including the full live-formula Excel workbook. Your data is never held hostage. Resubscribe and you pick up exactly where you left off.
How do seats work on Team?+
You pay for the seats you use and can add more anytime from the billing portal. Invites are capped at your paid seat count. Everyone in the workspace shares deals, GL memory, chart-of-accounts templates, comps, and portfolios.
What's in the Excel export?+
A branded six-sheet workbook: Cover, Pro Forma, Assumptions, Rent Roll, Historicals, and Returns. Operating rows, debt service, exit value, and IRR are real formulas that recalculate natively in Excel when you change a driver.
Where does my data live?+
In a dedicated Postgres database with row-level security. Workspaces are isolated at the database layer, and your team's data is only visible to your team.