Technology is being integrated with almost every business and industry in 2020 including real estate. This is good news for real estate investors as using technology will surely help them become more efficient. Finding income properties, gathering property data, analyzing the housing market, and many other tasks that investors typically have to do will no longer have to be done manually. Needless to say, AI is transforming the real estate industry which is why if you want to succeed in this business, you need to start using the best real estate investing app out there.
With so many real estate investor websites, however, you might be asking “what is the best real estate app that is worth my money in 2020?” Not all investors can afford to invest in multiple apps at once with each app offering certain tools, especially beginners who are just looking to get into real estate investing in 2020. If you’re looking for that one app that covers all your needs, we’ve got your back. Mashvisor is a real estate investment software that provides predictive analytics, property data, and several tools to complete different tasks using one platform. To learn about everything we have to offer to real estate investors, keep reading.
What Makes Mashvisor the Best Real Estate App?
First off, Mashvisor is a reliable real estate investment app. We pull data from several well-known sources like MLS, Airbnb, Redfin, and more. Using our algorithms, we use this data to make projections for nationwide housing markets. We also organize real estate data to make it easier for investors to find them and crunch the numbers on multiple properties at once. Hence, you can make smarter investment decisions in less time with our user-friendly software.
Another feature that differentiates Mashvisor from its competitors is that it specializes in both long-term (traditional) and short-term (Airbnb) rental properties. Some websites only offer Airbnb data for vacation rental owners and others only traditional data for residential landlords. So if you want to buy a rental property but you’re unsure which strategy yields better profits, you’re going to have to go back and forth between two or more apps to get the data you need to make up your mind. We can imagine what a headache this will cause. But if you’re using Mashvisor, you’ll get both Airbnb and traditional data for the same income property. This allows you to compare the performance of each strategy and make an informed decision in no time!
This is why Mashvisor is the best real estate app for 2020. But now you must be wondering: how do I use this platform and get this data? In this article, we introduce all of Mashvisor’s real estate investment tools and explain what they offer and how to use them. So if you’re unconvinced that this is the best app for real estate investors, just keep on reading.
1) Learn Real Estate Investing with Mashvisor’s Blog
The more you learn, the more you earn – both in the real estate business and beyond. Ask any successful investor and they’ll tell you that knowledge-based decisions were what put them ahead of the rest. So while you don’t need a formal education to invest in properties, you still need proper knowledge. You can get all the education and information you need online from the comfort of your home by checked real estate e-books, podcasts, and videos. Plenty of real estate websites have a blog section where you can find just about anything you’d like to know about residential real estate investing. Mashvisor is no exception.
If you’re a beginner investor, check Mashvisor’s Investment Blog to start learning everything real estate. The Beginner Investors, Buying Investment Property, and Real Estate Analysis categories are specifically written with first-time investors in mind. We publish blogs every day on topics from basic real estate terms to property metrics, how to identify the best places to invest in real estate, investment strategies, how to buy an investment property, etc. Some of our blogs are written by actual real estate investors and professionals providing tips based on their experiences.
Mashvisor is the best real estate app because not only do we provide blogs, but housing market reports as well. Our Market Reports provide thorough information on how the real estate market is performing in major US cities. You’ll get data and see what they reveal about each market like top neighborhoods, the best property type to invest in, and the optimal rental strategy for investing in this market in 2020. Beginner investors can sign up for free updates from Mashvisor’s blogs and market reports!
2) Find Where to Invest Using Mashvisor’s Heatmap
The best real estate investment app optimizes the property search process to make sure it doesn’t take you longer than necessary. And the first step in the property search is to find where to invest in real estate. Meaning, property investors need to analyze the investment potential of different neighborhoods in the housing market to settle in a good location. Traditionally, a neighborhood analysis can take days or weeks as you collect all the data and real estate comps you need before moving on to running the numbers using spreadsheets. Using a Real Estate Heatmap, on the other hand, has revolutionized this process.
A Real Estate Heatmap is a visual representation of big data with the help of different color codes. This real estate investment tool allows you to find the best neighborhoods in any US housing market within a couple of minutes. All you have to do is set up different real estate metrics. After that, you can quickly analyze areas even those that you’re not familiar with. Neighborhoods with the highest rates of the selected metric are highlighted in green and those with the lower rates are highlighted in red. You can highlight the map based on:
- Property listing price
- Traditional and Airbnb rental income
- Traditional and Airbnb cash on cash return
- Airbnb occupancy rate
Another feature of the best real estate app for investors is that it’ll provide an overview of the neighborhood’s most important metrics. Most importantly, it’ll give you a score of how good the area is for investing in rental properties as well as the optimal rental strategy for the neighborhood. Real estate investors will also get access to recently sold properties in the area (real estate comps) and a list of actual traditional and Airbnb rentals. Lastly, you’ll see the optimal property type and the best number of bedrooms for investing in rentals in this area. Watch this tutorial to learn how to use Mashvisor’s tools in details:
3) Find Homes for Sale on Mashvisor’s Property Finder
The next thing you can so with our investment property search engine is finding income properties. Successful investors know the importance of finding opportunities before their competitors. To do so, your investment property search needs to be quick, but effective. Hence, old-fashioned ways of finding real estate investment properties will no longer work in 2020 as they take too much time to find a property that might not even be worth the investment. Instead, what you need to do is use Mashvisor’s Rental Property Finder. This tool allows you to find properties for sale as soon as they hit the market. In turn, this gives you the competitive edge you need in today’s real estate business.
To use this real estate investment app, set the necessary criteria necessary for finding an investment property. The tool will then show you a list of traditional and Airbnb properties for sale that meet your criteria and expectations for return on investment. Some of these filters are obligatory, but others are optional. They’ll help you narrow down your property search as much as possible to obtain the best results. These filters are:
- City: you can select and search for properties in up to 5 cities simultaneously
- Miles: the distance that you’d like the rental property to be from the city
- Budget
- Rental strategy (traditional or Airbnb)
- Preferred type of property (single-family, multi-family, condo/coop, or other)
- Number of bedrooms and bathrooms
Mashvisor utilizes machine-learning algorithms and predictive real estate analytics in the Rental Property Finder. This makes finding real estate investment properties that meet your particular needs easier than ever before. If you’re wondering how to find investment property for sale near me or out-of-state, this tool is all you need. Plus, this best real estate app will also sort the income properties for you according to the highest cash on cash return expected from each one. Meaning, instead of wasting time browsing through the list to find the best deal, it’ll be presented to you at the top! Sign up for FREE to give our investor software a try!
4) Find Off-Market Properties on Mashvisor’s Marketplace
Successful property investors have realized that off-market properties are some of the best investment opportunities in 2020. These properties aren’t listed for the public to see and there are major benefits of investing in them. Such benefits include less competition, better sale price, and a higher return on investment potential. So how can you find these properties? Well, the Rental Property Finder does include off-market properties in the search result. However, what if you’re specifically looking for these properties and wish to filter out homes for sale listed on the market? Mashvisor wouldn’t be the best real estate app if it didn’t offer a unique tool to solve this.
Mashvisor created the Property Marketplace for investors, allowing them to find thousands of non-MLS/off-market properties in their selected housing market. This includes foreclosed homes, bank owned homes, short sales, and even auctioned homes. And you’ll get the same filters provided in the Rental Property Finder to narrow down your search. A great feature of this tool is that it allows you to analyze the potential profits you can earn from these properties using another tool provided by Mashvisor (explained below). In other words, you’ll get to find cheap properties with high potential for generating positive cash flow and a good ROI.
Bonus feature: if you plan on selling a house or an investment property in 2020, the Property Marketplace allows you to create a listing for free and for thousands of potential buyers and real estate investors using our platform to see.
5) Analyze Investment Properties with Mashvisor’s Calculator
After finding income properties for sale, real estate investors should run all the numbers behind each deal. This is to make sure they’re buying the most profitable one in 2020. A profitable rental property is one that makes good rental yield, positive cash flow, and ultimately a good return on investment. As a beginner investor, you might not know how to calculate these property metrics or how to run a rental property analysis. The process is, in fact, time-consuming as you’ll need to find rental comps and run the numbers for each one. Hence, you need a real estate investment app like Mashvisor that offers a Rental Property Calculator.
After finding a property (whether using the Rental Property Finder or the Property Marketplace), click on the listing to access our Rental Property Calculator. This tool employs rental comps data from the local housing market to show you a readily available investment property analysis. More importantly, Mashvisor allows you to add your properties and use this tool to analyze them after inputting the required information. Moreover, this is where real estate investors will get the rental strategy comparison that sets Mashvisor aside from its competitors and makes it the best real estate app in 2020. For each income property, our Rental Property Calculator computes:
- Property price
- One-time startup costs
- Recurring monthly expenses
- Traditional and Airbnb rental income
- Traditional and Airbnb occupancy rate
- Traditional and Airbnb Cash flow
- Traditional and Airbnb cash on cash return
- Traditional and Airbnb cap rate
Again, Mashvisor’s investment property analysis is reliable and based on real estate data obtained from MLS, Zillow, and Airbnb. It’s also based on the performance of actual rental comps in the area. You can adjust the numbers as you see fits and the Rental Property Calculator will recalculate the projected ROI immediately. In this way, our real estate investment software is interactive and allows investors to analyze properties with a click of a button and without needing to use spreadsheets.
To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.
6) Contact Property Owners Using Mashboard
The last tool on our real estate search engine is called the Mashboard. This tool was designed with real estate agents and brokers in mind. However, real estate investors have the opportunity to use it with the Professional and Expert plan subscriptions. What does this tool do and how will it benefit you as an investor? The Mashboard will give you access to homeowner data. Now if you’re new to the real estate investing business, you’re probably wondering why it is helpful to get this type of data. Well, you’d be surprised to learn how many owners would sell their homes if they get a good offer. So when you find out who owns a property that seems like good investment opportunities, you can contact owners and strike a deal!
Our homeowner database isn’t limited to owners of properties for sale listed on our real estate search app but goes beyond that. Using Mashboard, you can search for a specific home. Enter the necessary information like the street address, city, state, and the type of homeowner data you want to get. You can choose the address, phone number, email address, or a combination of them. Another way to use the best real estate app is to conduct an off market property search within a certain location to get a list of all homes and homeowners there.
To learn the step-by-step process of getting homeowners data through Mashboard, read this article on our Help Center.
The Best Real Estate App of 2020
There are a lot of real estate websites out there, but only a few can be called the best. The above-discussed tools provided by Mashvisor will help any real estate investor (whether a beginner or a seasoned one) make educated, fast, and profitable investment decisions. The best thing about this app for investors is that you don’t need to be tech-savvy to use our tools! Whether you want to find the best places to invest, find profitable rental properties in the US, or analyze a real estate deal you came across in your property search, Mashvisor’s real estate investment software will help fulfill your needs.
Start your 7-day free trial with Mashvisor now to make 2020 a profitable one for your real estate investing career!