Create a REI App: What would you have it do?

[Taylor Jennings]

We are in our pre-launch stage for www.REILdeals.com and are in the process of creating useful tools for real estate investors to help improve their business.

So far the apps include:

• Driving for Dollars: GPS location; click on street #s on device; sync with profile; automatically pull tax owner name, mailing address and taxes owed; puts it into a mailing list
• Bandit sign tracker: same thing as D4D app but it allows you to 'mark' your location and track stats; have a team ability to merge maps or see how many signs somebody you hired actually put up; set an alert for when signs have been up for 'x' many weeks
• Camera Uploader: Mobile app camera with checklist of pictures you should make sure you get at a house; make notes; sync with profile as new or existing deal
• Floorplanner: quick measurements of house (like magic plan app)
• RehabList: Select the neighborhood type (A, B, C, D) and be walked through a checklist on what needs to be fixed or replaced; sync scope to profile which will have estimated rehab costs based on the type of template you selected for materials used (standards will be created and imported into site)
• MAO: Pulls local rent data based on subject property (better than rentometer); enter your exit strategy, desired cap rate/profit; calculates Maximum allowable offer on the spot
• CRM+walk through App: potentially integrate this with podio; preset questionnaire template for using VAs, closing a deal/wholesaling, estimating rehab, preparing a house to fix up, rehab steps + project management, select standards to purchase, finding a tenant, and posting the house on REILdeals as a turnkey property

These are just a few tools we are looking to create (in no particular order), but I wanted to get validation on what I listed to see if any of those have value.

Each app described is just a general overview of what they do. All apps will have a freemium usage model with in app upgrades available for purchase (this is conceptual).

We plan on launching the apps in Indianapolis, then expand to Ohio, Kentucky, Illinois, Tennessee, etc. mainly Midwest starting out.

The question we have is,"If you had an app for your REI business, what would you want it to do?"