Are you a real estate investor looking for the best tools and apps to maximize your investments? With so many available options, it can be overwhelming to narrow down the choices. Fortunately, you don’t have to figure it out on your own.
This article will provide an overview of some of the best tools and apps for real estate investors that can help you streamline your research and make more profitable decisions.
Best Websites And Apps For Real Estate Investors
1. Property Fixer
Investors who are restoring and reselling properties can get a quick analysis from Property Fixer.
This is among the best apps for real estate investors that assist investors in performing proper research and running the estimates to establish whether a deal fits an investor’s strategy before purchasing short sales, REO homes, foreclosures, and rehabs.
Property Fixer is compatible with Mac, iPad, and iPhone devices.
Stessa is free software for managing the finances of rental properties that automates tracking of income and expenses and aids investors in maximizing earnings via wise financial planning.
SFRs, residential multifamily properties, and transient holiday rentals can all be used with Stessa.
When tax season arrives, the Stessa Tax Center offers a personalized tax package and a discount on TurboTax to make filing a snap.
With the program, real estate investors can automate tasks that are generally manual in nature, such as depositing checks, imposing late penalties, and keeping track of payments for financial reporting.
Stessa doesn’t charge landlords or tenants to use its online rent collection service, and it provides advanced security features to safeguard both parties’ sensitive personal and financial data.
DealCheck is a real estate tool for evaluating earnings on residential multifamily sales, fix and flips, and rental properties.
Investors can analyze in-depth financial forecasts, research comparable recent sales and rentals, determine the highest authorized offer, and do much more.
Both Apple and Android users can download the DealCheck mobile app.
DealMachine offers software solutions for sales leads, driving for dollars, property sales email marketing postcards, and more that real estate investors using off-market leads can utilize to cut down on marketing expenses.
DealMachine makes it very simple to locate a property owner’s contact information, such as postal addresses, email addresses, and phone numbers, and to send them direct mail pitches.
Investors interested in a comprehensive set of internet tools for managing rental properties might want to take a closer look at Apartments.com, one of the best apps for real estate investors.
Recently, the online rental listing company bought Cozy in order to offer landlords free rental management solutions for marketing listings, screening renters, and online rent collection.
Bank-owned real estate (REO), house sales, and foreclosures can all be found on Auction.com.
Investors can find off-market assets on the platform, and buyers can participate in live auctions or place online bids.
Both the Appstore and Google Play store provide apps for Auction.com.
Investors, real estate brokers, property managers, and escrow officers can all use the DocuSign Agreement Cloud for Real Estate.
With tools like eSignature, Rooms for Real Estate, DocuSign Identity, and Notary, documents are shared and signed entirely online.
8. Neighborhood Rating
An online real estate tool from Roofstock called Neighborhood Rating aids investors in understanding the advantages and disadvantages of making investments in various neighbourhoods.
As a realtor, you need to simply enter the property location to get community information, including median home values, median incomes and employment, the percentage of owner-occupied homes, and average school ratings, along with a neighborhood star rating from 1 to 5.
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On LegalTemplates.net, landlords seeking free legal forms and agreements can find almost anything they require.
Purchase-and-sales agreements, lease agreements, lease termination forms, and limited liability company (LLC) forms are among the documents that can be personalized and signed online.
A floor plan can be created using the iOS and Android app Magicplan by measuring the room first.
To produce precise blueprints that can be exported to PDF, JPG, PNG, and other formats, the software takes advantage of the camera and internal gyroscope of the smartphone.
PayYourRent is an app that processes same-day rent payments for landlords, property managers, and tenants.
Through the app, landlords have access to extra property management options, such as tenant screening, rental applications, and maintenance request management, and renters can pay with a credit card or a check.
Homesnap is a real estate software that allows users to take pictures to receive information about available properties.
The app interfaces with the MLS to give buyers and investors access to the same data that real estate agents do, including images, property statistics, property taxes, and more.
This online tool called Rentometer calculates an apartment’s reasonable market rent utilizing comparable houses in the neighborhood.
Investors can upgrade to the paid version to obtain rent comps at the neighborhood, ZIP code, and city levels, or they can utilize the free version to analyze rent based on the property address.
14. Scanner Pro
Entrepreneurs can download Scanner Pro to their iPhone or iPad to capture sharp scans, annotate text, share, and fax them.
Online upload and storage of scanned documents are possible, and sophisticated optical character recognition (OCR) technology can read text in more than 25 different languages.
Doorsteps is a website for online rental property listing and management.
Landlords may acquire tenant screening reports, schedule showings, list unoccupied properties for free, and advertise listings on 12 popular websites including Realtor.com, Zumper, and Zillow.
Xome is an online marketplace for standard home sales, foreclosure sales, and auction listings.
This is also one of the best apps for real estate Investors looking to fix and then resell a property or fix-and-hold a refurbished property to rent to a renter will find this website to be a useful resource.
Zillow is one of the best apps for real estate investors that gives very detailed information on individual properties as well as more general information on the area.
Investors can use Zillow to look through available properties, get a sense of local home values, and find out how much rent is being charged by local landlords.
Investors can even advertise properties straight from their smartphones by taking pictures and providing descriptions of the properties, then listing them for sale or rent.
These best tools and apps for real estate investors outlined in this article are essential for any real estate investor.
Utilizing these tools will help investors save time, automate processes, and make smarter investments.
Do you have any questions regarding what has been shared in this article? Please share it with us in the comments section.
What is The Biggest Threat To Real Estate?
The scarcity of reasonably priced for-sale homes raises rentals and the cost of multifamily investment properties.
According to the Urban Institute, one of the main issues with the U.S. housing market before the COVID-19 epidemic was the affordability dilemma brought on by a lack of home supply.
Why Do Most Real Estate Investors fail?
Success in real estate investing takes time even if it may be quite lucrative. Investors who enter a situation hastily or who don’t make a lot of money straight away quickly become frustrated and overwhelmed. It takes time to build your network and portfolio.