5 Best Apps for Real Estate Investors
Nowadays, anyone can start dabbling with real estate thanks to all the resources and tools we have available online. There are countless apps out there designed to help people manage investment properties, find investment opportunities, or simply get started in real estate investing. With so many options on the market, you can easily find an app for any purpose within just a few clicks. However, I’ve put together a list of 5 apps and platforms that I think would be interesting for first-time and experienced investors!
ArborCrowd is a real estate network that provides investors with great multi-family investment opportunities. I usually recommend multi-family property investing as the best route to getting started in real estate. It’s also the main focus of Your First Income Property Program. Hence, I think this network aligns with that message and provides great opportunities for investors looking to close new deals. ArborCrowd provides apartment complex investment opportunities in multiple markets and it’s definitely worth checking out!
Nowadays, everything seems to have shifted to the virtual world. You can even buy and sell real estate online and you can do so quite profitably. Auction.com is a great platform to fuel your online real estate investments. It features a user-friendly interface and a great structure where properties are sorted by date, location, and keyword. Besides, the platform allows you to study bank-owned properties in detail, find great opportunities, and even close great deals. Keep in mind that there’s quite a lot of traffic on here, meaning the listings change quickly so you have to act accordingly. Another thing to keep in mind is that you won’t be seeing the properties in person so be extra careful when choosing your investments.
Real estate is the kind of industry where you never really stop learning. Regardless of how much experience you have in finding and closing deals or renting and managing properties, you will always have to invest time in education to make sure you’re on top of all the trends and market changes. With that said, it is important to have access to good learning resources. One of the best resources out there is the Bigger Pockets platform which features tons of valuable content in forms of blog posts, podcasts, ebooks, and more.
DealCheck is a really helpful app for property analysis. Deciding whether or not a property is worth the money really comes down to crunching the numbers and doing a proper analysis. This consists of inspecting the property during a walkthrough, as well as calculating all the relevant metrics to decide if the investment is going to pay off. DealCheck can help you with the latter stage of the process. This app puts together important metrics for you including cap rate, rent to value, and cash on cash return.
Last but not least, I couldn’t publish this list without at least one property management app. Stessa is one of the best apps on the market when it comes to handling rental properties. This digital platform allows you to manage and monitor your real estate assets and keep track of property performance. The app helps you track income, expenses, and other metrics related to your rental property. On top of that, it is completely free! You can easily scan receipts and invoices that count as property expenses and keep track of them in the app. All of these details are stored in the cloud with bank-grade security so you don’t have to worry about security threats.
All the Help You Need Right in Your Pocket
Managing rental properties and investing in real estate in general is a lucrative job but it comes with many responsibilities. Sometimes, it is difficult to keep track of all the tasks, rental payments, expenses, and incomes flowing in and out of your business. Using apps and online platforms to manage all of your investments is surely a good way to stay sane while working in real estate. If you’re still trying to get started and you need help making the first move in rental property investing, schedule a quick call with me to discuss your next step.