When looking for online real estate platforms to help you in your investing journey, make sure to read about different Mashvisor reviews.
Table of Contents
- Technology in Real Estate
- What is Mashvisor?
- How Mashvisor’s Features Can Help Investors
- What Do Investors Think of Mashvisor?
- How Does Mashvisor Stack Up Against the Competition?
- Conclusion
Without tech advancements in real estate, sellers, buyers, and real estate agents wouldn’t be able to perform their research as efficiently. The truth is that new technology used in real estate is shaping the industry. Using an AI-based platform is great because it saves real estate investors and professionals a lot of time. Specifically, we’re talking about the way people navigate through the process of buying and selling property.
Mashvisor is an advanced AI-based platform designed for real estate professionals (and beginners) to provide them with data analytics power. They are essential factors when it comes to assessing property value, driving investment decisions, and finding ideal buyers.
Word of mouth and expert reviews are probably the best source of truth, which is particularly important when choosing the best real estate tech. So, what do Mashvisor reviews say? Do real estate investors find the platform useful and how? What’s using the platform like according to reviews? Do they find the site great or have they rated it as a dud? Let’s find out together in this article.
Technology in Real Estate
At first, the adoption of new technology was much slower in real estate than in other industries. Many real estate agents often kept managing their decisions and properties the way they always did, even as new solutions started transforming the world around them. Using technology for real estate investing wasn’t an option that most folks took several years ago. Perhaps the time wasn’t just right back then.
However, because of great reviews for different online platforms and real estate websites, people finally came around. Although it took some time before the industry accepted the necessity of moving to digital, it eventually did. It probably took several highly rated websites to convince real estate investors and professionals that now is the right time.
With more businesses recognizing the immense value technology brings to their portfolios, they’re beginning to change their ways. Realtors using technology can leverage it to make wiser and faster decisions backed by data. However, the real estate industry is one of the few remaining industries that showed little to no interest in technology.
Even if you (as an investor or real estate business) think that you are doing great, is using technology and giving it a chance still a smart thing to do at this time? Of course, it is, and Mashvisor—a top-rated real estate website with tons of great reviews—is proof of this. Just check the Mashvisor reviews to see if it’s rated as great for users and if it’s time to sign up.
What Is Mashvisor?
Mashvisor is a robust AI-based analytics platform created to help real estate agents, investors, and property managers find lucrative investment properties in a matter of minutes. Also, they can use it to analyze and calculate the return on investment potential on the properties they’re interested in.
What Makes Using Mashvisor So Great?
Our platform is equipped with various great features that simplify performance and profitability analysis. Among them are the Real Estate Heatmap, Property Finder, and Property Calculator. These features have earned Mashvisor great reviews most of the time.
Need an investment property finder that also allows you to find out whether listing a property for traditional renting or on Airbnb is more profitable? Do you want a great and all-around tool to calculate all property-associated costs and compare them to other properties found on traditional rental and Airbnb listings? You can do it all and save time and money using Mashvisor as your main investment tool.
Mashvisor reviews will also tell you that it’s possible to use the platform to find off-market properties and contact property owners directly via the platform. But these aren’t the only reasons why Mashvisor is great and highly rated in the industry.
Mashvisor’s Data & Analytics Is Top Notch
Mashvisor’s analytics is predictive. It means its investment property analysis tool will project future outcomes and trends based on comparative and historical data.
One of the reasons Mashvisor is rated above other platforms is the fact that it doesn’t focus on providing only either Airbnb or traditional rental analytics. What makes it great is that it covers both rental strategies so users can get all the essential data analytics. This allows them to find properties that meet their specific criteria and build and compare rental strategies to find the most optimal one.
The data Mashvisor pulls is always up-to-date and accurate. It collects data from multiple highly rated and reliable sources, compares them to ensure their accuracy, and organizes them properly. Real estate investors then have an easier time when it comes to crunching those numbers in as little time as possible. Using Mashvisor saves valuable time and gives you great confidence in investing, helping you meet your goals.
How Mashvisor’s Features Can Help Investors
All of Mashvisor’s great and useful features are designed to support each other. Being so complementary, using each one is a great way to address the different concerns you may have when it comes to real estate investing. The top-rated platform’s features include the following:
- Property Finder
- Property Comparison
- Heatmap
- Neighborhood Analysis
- Property Calculator
- Off-Market Properties
- Lead Qualification Tool
Real Estate Heatmap
Mashvisor’s Real Estate Heatmap is one of the most useful and best-kept secrets of our platform that’s always mentioned first in all Mashvisor reviews. Using it is quite valuable for your initial investment property search and is actually quite simple. The Heatmap feature is nothing but a map of the city or neighborhood you’ve selected, with pins representing available properties. You can switch any time between traditional, Airbnb, and investment properties and the map will adjust accordingly.
The Heatmap is color-coded, indicating which housing markets are great for investing and which ones are not. It displays metrics such as:
- Listing value
- Monthly traditional and Airbnb rental income
- Traditional and Airbnb cash on cash return
- Traditional and Airbnb cap rate
- Price to rent ratio
- Number of listings for sale
- Median property price
- Average price per square foot
- Days on market
- Walk score
Basically, the heatmap will show you which neighborhoods are hot and cold. Using this rated view gives investors a great understanding of what the market is like at any given time.
Search Filters
Mashvisor’s Property Finder allows you to filter properties on your display differently, according to your specific criteria. Besides the financial criteria we mentioned in the previous section, you can also filter properties by the year they were built, the number of bathrooms and bedrooms, property type, property status, etc.
Online Mashvisor reviews point out its advanced filtering that allows you to narrow down your choice when searching for the right property for your needs. It saves a great deal of time you would otherwise spend digging manually through thousands of properties.
To learn more about how we will help you make faster and smarter real estate investment decisions, click here.
Request Custom Data
Mashvisor users can choose what type of investing option they are looking at and request data specifically for this purpose. As an investor, you can select individual or institutional investing options. Then, just request Mashvisor to get back to you with more detailed information.
Property Analytics
Let’s say you’ve discovered a few ideal properties to invest in using our Heatmap tool. What’s the next step? Well, you should analyze all those properties for their ROI potential. Your search now becomes simpler. Just zoom in on the map and start clicking on your properties to get the details.
Investment property analysis is key to making smart and great investments. One of the most important aspects of investing is using the right investment property calculator. Instead of doing it manually by gathering real estate comps, filling out spreadsheets, and making long calculations, you can get all that data in a few minutes. Using our rental property calculator will get you the information you need, such as:
- Rental comps
- Rental occupancy rate
- Estimated expenses
- Cap rate
- Cash flow
- Cash on cash return
- Long-term return on investment forecast
- Projected rental income
Using Mashvisor to conduct property analytics is one of the things users rave about in different reviews. If you take the time to read those reviews, you will discover why a lot of people trust Mashvisor and have rated it as a reputable online platform.
Rental Strategy/Rental Comps and Insights
The Rental Strategy tab shows the viability and worth of a house as an income-generating property. Mashvisor will show you which rental technique works best for that specific Airbnb rental. It also breaks down the price of purchasing the home into recurring bills and one-time startup costs. Want to know everything that the financial side involves? Using this great feature is a surefire way to do it.
As for the Rental Comps & Insights tab, it comes in handy for investors who plan to start a rental business (traditional or Airbnb) at any point in time. The tab shows information related to rental comps along with other details needed to find the smartest funding solutions. Find out more about comparable rental properties and recent sales of similar properties, and see the insights displayed in easy-to-read graphs.
Mashvisor’s Rental Comps and Insights feature helps investors who plan to start a rental business (traditional or Airbnb). It shows data related to rental comps, along with information about comparable rental properties, recent sales of similar properties, etc.
What Do Investors Think of Mashvisor?
Investors find that using Mashvisor brings a plethora of great benefits to the table. The platform has helped them go digital, perform their work faster, and lower the risk of miscalculations. For this reason, numerous users have rated Mashvisor as one of the best real estate platforms today. Their reviews are based on how useful and efficient the website was at the time when they needed it the most.
What Users Like About Mashvisor
First of all, Mashvisor reviews and opinions say that the platform is an outstanding time-saver. No manual work, no sifting through hundreds of listings, and no wasting of energy. You can get the job done in 15 minutes. Before Mashvisor came along, it would take investors months to get similar results.
Using the platform also proved to be quite helpful to real estate agents during the time of the pandemic. When everyone was under lockdown, the housing market exploded, and both seasoned and beginner investors could search for properties to buy, rent out, or sell from their homes.
Accurate information is another key aspect for which investors prefer to use Mashvisor. The platform pulls data from various great and reputable sources and then uploads it back again to double-check. You can rest assured that the data you see on our website is credible, reliable, and up-to-date. Mashvisor gets its data from the MLS, Airbnb, Zillow, Redfin, and more.
Investing is not a small thing and nobody wants to make a mistake, because mistakes can be costly in the real estate business. Mashvisor helps discover the potential income of all rental properties in the area of your choice. Such information is worth gold for making the best possible decisions as well as defining your rental strategy.
There’s Still Room for Improvement
We don’t want to say that Mashvisor is the perfect real estate investor’s platform, but it’s definitely heading there. And while it has been rated by users as one of the best real estate investing platforms, there is still room for improvement. And our team has been continuously improving our tools and data to give users a better overall experience.
We’ve been carefully tracking every Mashvisor review out there, using the customer reviews of Mashvisor as guidelines. This includes the reviews that have rated the website as somewhat unsatisfactory. We pay attention to anything from professional opinions to Mashvisor reviews Reddit users write.
Some users on Mashvisor reviews say that they don’t like how the data is updated only monthly and not in real-time. Other reviewers rated the website as average or below average because it covers only the US market. Several users also believe the Insights tab needs to be improved so they can see what data is represented by the numbers.
To help meet our users’ needs, Mashvisor puts a new iteration of the platform every few months, and our team is actively working on improvements. Thanks to user reviews—especially those that rated Mashvisor unfavorably—the website has improved by leaps and bounds since it was launched. Those reviews make using Mashvisor as an investment tool a far better experience today.
How Does Mashvisor Stack Up Against the Competition?
As great a website as it is, Mashvisor is but one of a few notable real estate websites that provide data analytics services. There are a couple more platforms that are worth mentioning and comparing Mashvisor to—BiggerPockets and AirDNA.
Let’s review what these two platforms have to offer and see if they are as highly rated as Mashvisor.
BiggerPockets vs Mashvisor
Just like Mashvisor, BiggerPockets is a real estate investing platform that has the same goal: to help real estate investors make better investment decisions. Even though BiggerPockets is hailed by some as a great website and is rated as one of the top platforms in its category, it has certain limitations.
Platform Comparison
As a real estate platform, BiggerPockets has undoubtedly helped numerous investors make wiser decisions. However, as we already mentioned, some of its features may not be as helpful as Mashvisor’s tools. Here is a comparative overview of BiggerPockets against Mashvisor:
Software Tools
Just like Mashvisor, BiggerPockets has a few powerful features and great software tools. The platform boasts tools like its investment property calculator which has several iterations. They are the following:
- Mortgage Calculator
- Fix & Flip Calculator
- BRRRR Calculator
- House Wholesaling Calculator
- Rehab Estimator Calculator
- 70% Rule Calculator
- Airbnb Calculator
On top of these calculators, the website also offers free resources such as podcasts, blogs, webinars, and downloadable guides. However, despite these amazing tools, TrustPilot has rated it with only 2.5 stars out of 5.0. Some reviews say that the website isn’t user-friendly. Some have complained about its glitches and how it is not worth paying $39 a month for. Other reviews, however, give praise to the site, particularly for its free resources.
While BiggerPockets is a great website that has so much potential, it is just unfortunate that it is rated as average on TrustPilot.
Airbnb Calculator
One of the main similarities between BiggerPockets and Mashvisor is that they both provide data analytics for Airbnb properties. Both platforms have their own version of an Airbnb calculator to help investors make accurate ROI predictions for investment properties.
BiggerPockets’ Airbnb calculator gives investors a complete analysis of the properties they have in mind. The fact that it takes into account property value appreciation and income growth makes for a far more accurate estimation. However, those who are still looking for properties will need to open a new tab as computing and searching simultaneously cannot be done. Mashvisor, on the other hand, allows investors to perform both tasks simultaneously without needing to create another tab or window.
BiggerPockets’ calculator can also be challenging for newbie investors. It does not automatically enter estimates for income and expenses. It needs to be done manually. If you’re new to investing and have no idea what those numbers are, you will end up stuck and frustrated.
Mashvisor, on the other hand, already has those variables in its system so that when it is used, you are given market-accurate data for your computations. These variables can also be easily edited. And since Mashvisor is a highly interactive site, its AI automatically adjusts and updates the data accordingly.
Another advantage Mashvisor has over BiggerPockets is that you can use the same calculator for traditional rental property analysis. BiggerPockets requires you to use a different calculator, which is okay but can be quite an inconvenience at times.
AirDNA vs Mashvisor
AirDNA is another real estate analysis tool on the market, but unlike Mashvisor, AirDNA is focused exclusively on the vacation rental industry. The platform offers interactive dashboards, custom reporting, and competitive insights for vacation rentals, covering more than 10 million rentals worldwide. Investors can use it to analyze and understand trends in the short-term rental sector, thanks to future-looking and historical data.
However, AirDNA doesn’t offer the same features as Mashvisor. It provides one tool, the AirDNA Rentalizer, which is used for short-term rental analysis. But in order to access its rental analysis, you are required to enter an address. If you’re a novice and not sure what you’re looking for, the tool may fall short of your requirements.
Platform Comparison
Trying to find an investment property analysis tool most suitable to your needs? There are many AirDNA vs Mashvisor reviews online, and we decided to make a short overview to help you out.
Rental Comps
Being able to compare rental properties in the same neighborhood or city is an essential part of every real estate property analysis. It gives investors a solid indication of how their vacation rental will perform by comparing the performance of similar properties. According to Investopedia, the neighborhood in which your rental is located determines your vacancy rate and the type of tenants you’ll attract.
According to AirDNA and Mashvisor reviews, both platforms offer comparison lists for properties, but Mashvisor’s list is longer and more comprehensive. Users can download the list of comparable listings, analyze the data, and conduct more detailed analyses on the platform.
Mortgage Calculator
The financial calculator comparison in the Mashvisor vs AirDNA review shows that they are not the same. AirDNA’s calculator doesn’t offer a mortgage calculator, while Mashvisor’s does. It can be a crucial difference for a real estate investor.
Mashvisor’s rental property calculator helps you conduct a more detailed analysis because it takes your financing method into account. Your ROI always depends on how you pay for your income property.
Furthermore, the AirDNA Rentalizer doesn’t provide estimates for the cash on cash return. Cash on cash return is a metric important for projecting the ROI you can expect on the money spent on buying the property and listing it as a rental.
Short Term Rental Data Analytics
The way Mashvisor collects, organizes, and analyzes data is critical for the platform and what it can deliver. If the data is bad, then all the AI capabilities in the world cannot help you. Both Mashvisor and AirDNA obtain their data from the Airbnb platform, but Mashvisor comes with a multitude of other additional sources.
The platforms use different sources to obtain the average data values. Mashvisor uses the medians, while AirDNA uses mean values. Mashvisor employs a more reliable, accurate, and robust approach because it doesn’t include outliers that often skew the analysis. Also, Mashvisor only obtains data from Airbnb properties with three or more reviews.
Professionals can even leverage the Mashvisor API, which can provide valuable data that can prevent them from making poor investment decisions, thanks to its statistical inference algorithms.
Conclusion
Real estate investors always need to deal with the seemingly unending task of property search. As a result, they need a helping hand and expertise. Manual information gathering, evaluation, and analysis can take months and require a considerable amount of energy and money investments. But once you realize all that you need to repeatedly gather property information periodically, relying on the right analytics technology makes sense.
Which platform is best for you? You’re free to check all the AirDNA, Zillow, and Mashvisor reviews you can find online. But once you balance out the features you get with the pricing ($17.99 for Lite and $74.99 for the Professional package), Mashvisor definitely leads the way.
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