How can you find rental properties for sale with the use of predictive analytics and machine-learning algorithms? A major step of investing in rental properties is the process that you have to go through in order to find rental properties for sale that match your search and investment criteria.
Real estate investors have been utilizing all the different tools and mediums throughout the ages to help them find rental properties for sale. From driving around a neighborhood hunting for “for sale” signs, to reading the newspaper section for property sales, to going to auction houses, to using online sources and platforms to find rental properties for sale.
All of these methods are available to today’s real estate investor. But with the technological and computing advancements of our modern times, the use of technology and online platforms is becoming the main source that people use to find rental properties for sale.
In fact, according to a study conducted by the National Association of Realtors, 95% of people use online websites as their main source of information during their home search. Also according to the study: “99% of Millennials search on online websites compared to 89% of Older Boomers and 77% of the Silent Generation.”
So, it comes as no surprise that whenever a new technology or method is invented, it will find a use in the real estate industry in one form or another.
In this article, I will talk about the use of predictive analytics and machine-learning algorithms as tools that can be used to find rental properties for sale as utilized by online platforms such as Mashvisor’s Property Finder feature.
What Are Predictive Analytics and Machine-Learning Algorithms?
Predictive analytics and machine-learning are methods that are used in today’s programming to handle massive amounts of data and come up with conclusions and estimates based on historical data or real-time use of a platform.
As their names suggest:
Predictive analytics is the use of massive amounts of historical data, in this case involving real estate data and listings, to come up with future predictions for the performance of properties, markets, or other aspects related to real estate.
Machine-learning, on the other hand, is a programming method that allows an AI tool to learn from real-time data as it becomes available in order to perfect its results and provide solutions and predictions.
How Can You Find Rental Properties for Sale Using These Methods?
One of the tools that you can use online to find rental properties for sale is Mashvisor’s platform: a real estate analytics platform that provides the user with data related to investment property listings, rental property analysis and calculations, and ultimately helps users find rental properties for sale to help them achieve their investment goals and the returns that they are hoping for.
Using predictive analytics, Mashvisor’s platform gathers its data from nationwide listings sites or MLS’s and comes up with future predictions based on the historical data that it gathers. This includes each property’s listing price, rental income, occupancy rate, and ROI metrics such as the cap rate and the cash on cash return.
Also Read: Investment Property Calculator for Analyzing Real Estate Investments
This gives the user access to real estate listings that are for sale, as well as analytics for each listed property to help them find the perfect property to invest in based on their preferences.
As you can tell, this method can be drastically faster than any of the traditional methods used to find rental properties for sale, as it doesn’t only help you find the properties, but it will also help you analyze and compare a large number of properties in any market to find the one that suits you the most.
To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.
Find Rental Properties for Sale Using the Property Finder Tool
Mashvisor’s Property Finder tool is a unique tool that utilizes the power of AI and machine-learning algorithms to help real estate investors find the most profitable rental properties for sale in the least amount of time and across multiple markets.
Using this tool, you only need to set a few filters to match your search criteria. These include your available budget, whether you want to use cash or mortgage, the type of property that you want to find, up to 5 markets that you’re interested in, and most importantly, the rate of return that you want to achieve from your investment.
Using this criteria, and with a single click of a button, the AI will then provide you with a list of properties that are most suitable for your type of investment across the markets that you’ve selected. These properties will be sorted out based on their profitability, which means that they are guaranteed to generate profits for you if you choose to invest in them.
Related: Finding Income Properties Using a Heatmap
How Does the Property Finder Tool Work?
Mashvisor’s Property Finder tool does this by using machine-learning algorithms that can make sense of any data related to you as an investor and comparing it with other investors who share certain patterns with you.
In other words, the AI will look at any public social, financial, or behavioral data that it can find about you, and it will identify patterns that you share with other real estate investors like yourself to determine your preferences and the choices that you will make in the future.
Related: Property Finder Tool – Finding Real Estate Investment Properties in 2018
While this might sound like an invasion of your privacy at first, keep in mind that the data that is used by the AI is raw data. It’s not data that can be looked at, shared, or understood by a person. Instead, consider it as a series of numbers and characters that have no meaning or use other than identifying certain common patterns between the different users.
The purpose of this machine-learning technique is to ultimately provide you, as the user, with a tool that can make your life and investment process much easier, and to help you find rental properties for sale to help you succeed as a real estate investor.
To start your 14-day free trial with Mashvisor and subscribe to our services with a 20% discount after, click here.
Today’s technologies and programming methods can be very hard to understand for people who aren’t tech-savvy. However, that doesn’t stop people who want to become real estate investors from relying on these technologies to help them in the different aspects and processes of investing in real estate.
If you’re trying to find rental properties for sale in any market in the US, I highly recommend giving Mashvisor’s Property Finder tool a shot. This will help you invest in real estate in the least amount of time, while also helping you find the perfect property to invest in and achieve the level of profits that you’ve been hoping for.