When it comes to investing in real estate, you want to make sure you have the most accurate and reliable data. Inaccurate data can cause terrible investment decisions, making you lose your money rather than generate a positive cash flow. Investors may find it difficult to keep up with all the changes that are taking place in the real estate market. Keeping spreadsheets of data can get confusing, especially when you have to update them constantly to keep up with the real estate market. To help investors manage all of their investment data, there are software platforms that specifically look at anything and all real estate analytics. Though there are many platforms out there, it can be hard to pick one to use to help navigate this data. This article will look at two sites: Beyond Pricing and Mashvisor, and determine which platform offers the most reliable and accurate data for real estate investors.
What is Beyond Pricing?
Beyond Pricing is software that focuses on market data to help investors generate an income on their investment properties. They center their attention on trying to get your short term rental property booked at the best price. They do this by suggesting what price to list your Airbnb property for by using data from other websites such as Booking.com, Airbnb, and Vrbo. Essentially, Beyond Pricing searches through all of these websites and looks at what properties are listed as similar to yours. If those properties are getting booked often, then Beyond Pricing suggests that listing price to you to potentially list your vacation rental property as. Beyond Pricing also accounts for seasonal changes, local events, and different days of the week. Keep reading for a more in-depth Beyond Pricing Review.
What is Mashvisor?
Mashvisor is a website created for real estate investors and makes investing in real estate easy and efficient. Mashvisor generates data and analytics for investors that help predict how their investment property will perform. Mashvisor shows investors both how their investment property will perform in that period of time, as well as how it will perform in the future based on reliable and accurate data. Mashvisor also shows investors different investment strategies on their investment properties. This means they compare how your property will perform as an Airbnb vs as a rental property in any location. This helps investors come up with the best short term rental strategy.
A unique component to Mashvisor is when they generate all of their data, they use the median rather than the average. Most other real estate investing websites use the averages when presenting their data to investors. Mashvisor used the median as it creates the most accurate and reliable data. Using the median instead of the average provides investors with precise data that doesn’t account for outliers that would completely alter the averages. Therefore, data you see on other investing websites may be somewhat accurate, as the average is somewhat close to reliable data, while on Mashvisor investors are presented with the most precise data.
How Does Beyond Price Work?
To further our Beyond Pricing review, we will look at exactly how Beyond Price works. Essentially, the only service that Beyond Price really offers is a generated listing price suggestion. This means every day investors registered for Beyond Price will receive a notification of a suggested listing price for their investment parties. With this suggested price, Beyond Price then expects investors to change their Airbnb listing to reflect that suggested price.
This suggested price is created when Beyond Pricing reviews other Airbnb listings that are similar to yours. If that listing is performing well, then Beyond Price suggests that you also use that listing price. This is because they assume if one Airbnb property is performing well that is similar to yours in your area, then yours will also perform well at that price. To generate their suggested listing prices, Beyond Pricing reviews other Airbnb websites such as Booking.com, Airbnb, and Vrbo.
After a quick Beyond Pricing review, you may be asking yourself how much does Beyond Pricing costs? There is no exact set fee for Beyond Price, rather they take a percentage of your earnings if you decide to use their service. To be more exact, Beyond Price charges 1% of your booking earnings at the end of each month. This means their fee is solely based upon your booking revenue, so it could change depending on the month. One month you might pay a significantly higher fee to Beyond Price if your bookings are higher that month. The Beyond Pricing cost fluctuates depending on your booking revenue.
Although having a competitive listing price is definitely an important aspect of rental property management, there are many other factors you need to also take into consideration if you really want to be making money in real estate. In this Beyond Pricing review, you learned that they really only offer one service. This means any investor would have to jump from website to website for access to all the tools necessary needed to grow their vacation rental property. Jumping around like that can be difficult and important information can get lost. Wouldn’t it be nice if there was a website that offered every service a real estate investor needed?
Luckily there is!
How Does Mashvisor Work?
After the Beyond Pricing review, you learned that they offer one service: a suggested vacation rental listing price. Even though that is an important aspect of real estate investing, it is not the only factor investors need to consider to ensure they have a high return on investment. Unlike its competitor, Mashvisor recognizes there is much more that goes into investing in real estate than a competitive listing price. In fact, Mashvisor offers a variety of services to real estate investors all in one place. This makes it easy for investors as they don’t have to bounce back and forth from the website, Mashvisor does it all for you! Below are some of the many tools Mashvisor offers to help investors grow:
- The Property Finder Tool
- Investment Property Calculator (also known as the Airbnb Calculator)
- Real Estate Agent Directory Tool
- The Real Estate Heatmap Tool
These are just a few of the most popular services Mashvisor offers to investors.
How Can I Find Properties with Mashvisor?
One service that separates Mashvisor from Beyond Pricing is that they allow you to search for investment properties right on their website. This tool is called The Property Finder tool. In this tool, investors can search through profitable investment properties in any location in the U.S. To search through these properties, Mashvisor offers certain filters that let investors filter through these properties to locate the ones that best fit their wants and needs. These are the filters you can look through to find the perfect investment properties:
- Property Type
- Rental Strategy
- Number of Bedrooms
- Number of Bathrooms
Searching through Mashvisor’s Property Finder tool makes it easy for investors to locate a great vacation rental property.
Does Mashvisor also Suggest Listing Prices?
After reading the Beyond Pricing review, you learned that Beyond Pricing only offers the service of a suggested listing price for your Airbnb. You might be wondering, can Mashvisor do that too? Mashvisor not only offers suggested listing prices but a complete investment property analysis. Use Mashvisor’s Investment Property Calculator aka the Airbnb Calculator to get a complete property analysis on your investment property. This tool eliminates all the need for spreadsheets for investors as it fine-tunes your costs for you. The Investment Property Calculator provides investors with calculated data regarding their vacation rental property. Below are some of the features of Mashvisor’s Airbnb Calculator:
- Provides investors with predicted cash on cash return
- Shows investors cap rate
- Predicts rental income and cash flow
- Shows Airbnb occupancy rate
Along with these helpful features, the Airbnb Calculator also gives investors a comprehensive rental strategy comparison. This essentially means that it compares how the property is predicted to perform as an Airbnb property vs if it was a traditional property. This helps investors determine if a certain property is best for their vacation rental investment.
So, Mashvisor not only shows investors a potentially competitive listing price for their Airbnb property, they give investors a complete strategy to help them with everything in their investment property to ensure they are generating a profit. The Investment Property Calculator tool itself offers much more resources for investors than we saw in the Beyond Pricing review.
What if I Don’t Know Where to Look for an Investment Property?
Some investors may struggle to find a profitable location for their vacation rental property. They just might not know where to look or even know if the location they are looking into is profitable. Locating a profitable location can be quite difficult. To help investors find a good location for their vacation rental property, use the Real Estate Heatmap Tool. This tool lets investors conduct a neighborhood analysis to zero in on a profitable neighborhood. A neighborhood analysis helps show the most profitable neighborhoods that can generate the highest return on investment. This tool is great for investors who don’t know exactly where they want to purchase an investment property in.
Found a Property? What’s Next?
After utilizing Mashvisor’s tools to find a profitable Airbnb property, it’s time to purchase your investment property. It is a smart idea to always work with a real estate agent when purchasing any property as they can help you get the best price for your property, generating a higher return on investment. Real estate agents also might know the area that your Airbnb property is in better than you, so they can provide recommendations on buying a property in that area. If you need help finding an agent to work with, visit Mashvisor’s Real Estate Agent Directory. On this directory, investors can search through agents’ real estate portfolios to find an agent in any area. You can read through their profiles to determine if they seem like a good agent to partner up with. Real estate agents are important when purchasing any property as they can get you the best price on your property, and help guide you through the real estate transaction. Mashvisor’s Real Estate Agent Directory is a great tool for investors to find real estate agents anywhere in the U.S.
Beyond Pricing Vs Mashvisor
In this article, you read an extensive Beyond Pricing review as well as a review of Mashvisor. Beyond Pricing offers a single service of suggesting listing prices to investors on their vacation rental properties. Mashvisor offers this service as well, while also offering many other services to help investors make the best investment decision. With Mashvisor, there is no need for spreadsheets to keep track of all of the changing data in the real estate market. Additionally, Mashvisor offers every service an investor may need all in one spot. Using Beyond Pricing means investors would have to jump from website to website to find access to all different services. Mashvisor offers all of these services in one place.
After a thorough Beyond Pricing review and a Mashvisor review, you have learned all of the services each offers to their users. Beyond Pricing focuses on suggested prices for vacation rental listing while Mashvisor offers many services to help investors with managing an Airbnb. Mashvisor’s most popular tools are the:
These tools make it easy for investors to do everything related to investing in real estate. Although it’s completely up to the investor as to which website they want to use to help further their career in real estate investing, Mashvisor makes it easy for investors to keep track of the constantly changing real estate market data in one place. If you are interested in utilizing all of Mashvisor’s tools, click here to sign up for a 7-day free trial of Mashvisor today, followed by 15% off for life.