Propstream worth it for client outreach?

[Matthew Brown]

I run a small STR property management business. I have about 10 doors (started with 2 a couple months ago), I have been trying the farm technique with Realestate brokers in my areas but I want another route. I have thought about reaching out to cash buyers who have a decent sized portfolio about possibly managing their STR/MTR homes. For anyone who has experience with this, 1) is this a good route to take? 2) would propstream be the best tool for this?

[Michael Baum]

Hey @Matthew Brown, it is hard to say if it is worth the $99 a month.

I would ask how they get their leads. I would have to guess that a lot of single property owners won't show up on their lists.

I would also ask about your area specifically about how it is covered.

[Collin Hays]

Quote from @Matthew Brown:

I run a small STR property management business. I have about 10 doors (started with 2 a couple months ago), I have been trying the farm technique with Realestate brokers in my areas but I want another route. I have thought about reaching out to cash buyers who have a decent sized portfolio about possibly managing their STR/MTR homes. For anyone who has experience with this, 1) is this a good route to take? 2) would propstream be the best tool for this?

I'm not sure what propstream is - maybe you can help me out. My company has just grown organically - we've never advertised per se.  You could probably do a postcard campaign and draw up some interest, as there are some really bad actors out there in the property management space.

[Chris Seveney]

@Matthew Brown

You can find real estate agents and cash buyers on Propstream and I believe you can pul 10,000 contacts per month. Whether that is worth the $99 really depends on if you think it’s or is not

[Matthew Brown]

Quote from @Michael Baum:

Hey @Matthew Brown, it is hard to say if it is worth the $99 a month.

I would ask how they get their leads. I would have to guess that a lot of single property owners won't show up on their lists.

I would also ask about your area specifically about how it is covered.

Yeah, that is what I am trying to figure out. Not necessarily looking for single property owners but ones who have 3-6 who do not want to manage it themselves.

[Andrew Steffens]

I have not used Propstream but have used BlueTent and Vintory etc and I did not yield good results - based on ROI - for anything. The best way IMO is organic, I average about 2-5 contacts per month. A lot of that is referral based or people find my site online, organically. Going to networking events to network with Realtors, Mortgage, Title etc all helps. It is a lot of work and I understand you want to "pour some gas on the fire" but likely you will just be setting cash on fire.

[Matthew Brown]

Quote from @Andrew Steffens:

I have not used Propstream but have used BlueTent and Vintory etc and I did not yield good results - based on ROI - for anything. The best way IMO is organic, I average about 2-5 contacts per month. A lot of that is referral based or people find my site online, organically. Going to networking events to network with Realtors, Mortgage, Title etc all helps. It is a lot of work and I understand you want to "pour some gas on the fire" but likely you will just be setting cash on fire.

Good to know thank you!