2020 Tips, Tricks, & Technology

[Connor Stark]

Real estate investing has shifted a lot in the last decade with the amount of tools that are now available to the average investor. Property management, buying/selling, analysis tools, Etc. It seems all sides of the industry have been influenced by a surge of new tech companies that seek to disrupt the business. 

Are there any platforms/tools/companies that you've began to incorporate into your business, have you enjoyed them yes or no, and why?

I, for example, love Rentometer. I know this one is already well known, plus they talk about it on BP a decent amount. It has improved my ability to analyze and accurately conclude on pro forma rents in an area, especially when out of state investing in an area I'm not as knowledgable about. 

[Neil Henderson]

We use Trulia to get a high-level feel for the amount of crime in the area. Always back it up with a local market expert, but it provides some back up for what the locals are telling you. If a realtor is telling me the area is super safe, but Trulia shows a high crime area, I'm going to dig deeper. If other locals I talk to then tell me the crime is bad, I burn that realtor's number.