How to Find Rental Property for Sale Using AI

What is artificial intelligence? And how does it apply to real estate investing? Most importantly, how can it help you in your search for rental property for sale? This blog will answer all these questions to get you ready for the next step in your real estate career.

Artificial Intelligence in Real Estate

Before the technological blow up we have seen in the last few decades, the world was a much different place. The real estate world was especially different. Real estate investors used to drive around neighborhoods to hunt down the ‘For Sale’ signs to find potential investment properties in their area. They would check the newspaper and go to auction houses to find rental properties for sale. While some may still do this, most have moved on to using artificial intelligence (AI).

Artificial intelligence is basically the development of machines to do research work faster than humans can using online platforms and methodologies. AI draws from predictive analytics and machine learning algorithms to make research and analysis much easier.

So how has artificial intelligence changed real estate today? With these property search tools, real estate investors can find rental properties for sale based on a huge amount of numerical and historical data. These new systems have drastically altered the amount of time and effort that it takes to research real estate properties.

Let’s take a closer look at predictive analytics and machine learning algorithms and how they’re used in real estate to further explore the concept of AI in real estate.

Predictive Analytics and Machine Learning Algorithms

Predictive analytics is the use of historical real estate data to estimate the future trends and performance of investment properties, house prices, housing markets, etc.

Machine learning algorithms are programming methods that allow AI tools to learn from real-time data in order to get the best results, solutions, and predictions.

The main idea of using these real estate investment tools is to find the rental property for sale that will give you the greatest cash on cash return possible.

Related: How to Find Investment Properties Using Analytics

How to Find Rental Property for Sale Using Artificial Intelligence

When finding rental properties, you must take advantage of all the real estate technology available to you. Here, we will list the different investment property analysis tools that will assist you in your property search. When looking for rental properties for sale, you are guaranteed to find the best options using these real estate instruments.

Mashvisor’s Real Estate Search Engine

Mashvisor is one of the best real estate analytics platforms on the internet. One of Mashvisor’s most successful tools for searching for rental property for sale is its search engine. Mashvisor has an extensive real estate search engine that can give you property listings, calculations, and analyses to help you make your next investment decision.

Mashvisor does this by using specific mathematical algorithms in combination with filters set by the user to find the best possible rental property out there. Simply type in the city or neighborhood where you wish to start your search. Then, you can set filters including the type of investment property you want, your mortgage information, the kind of cash on cash return and cap rate you’re looking for, and more.

Besides the search engine, Mashvisor also has several other AI and data-driven real estate investment tools. We will talk more about finding rental property for sale using these AI tools next.

Not only does Mashvisor offer real-time property data, but we also publish blogs regularly (like this one) that will guide you through various real estate topics. Some will even direct you on how to use our analytics tools step by step.

Mashvisor’s Heatmap Analysis Tool

Mashvisor’s Real Estate Heatmap

An example of predictive analytics that can help you find homes for sale is the heatmap analysis tool. Mashvisor’s heatmap analysis tool will show you the best neighborhoods with investment property for sale in the city of your choice. It is an easily understandable visual representation of the best investment opportunities available to you based on large amounts of housing data and forecasts. 

Related: Finding Income Properties Using a Heatmap

Mashvisor’s Rental Property Finder

Mashvisor’s Rental Property Finder

Mashvisor’s property finder is a unique rental property finder that uses AI and machine learning algorithms to find the most profitable investment properties in the shortest amount of time. With this rental property finder, you can adjust a few filters that will help narrow down your search results. Some of these filters will include adding your budget, the type of property you want (single family homes, condos/coops, multi family homes for sale), as many as 5 desired real estate markets, and your rental strategy of choice (short term rentals or long term rentals). By choosing up to 5 completely different markets, you have widened your search results so that the AI resources will find the perfect real estate investment property for you.

Once the filters are set, the tool returns rental income properties for sale with the highest return on investment in the selected areas.

Mashvisor’s Investment Property Calculator

Mashvisor’s Investment Property Calculator

Another AI tool in real estate is the investment property calculator. This is used once you find a rental property for sale. Then the calculator will tell you if it is a good real estate investment or not based on metrics like cash flow and cap rate.

The nice thing about Mashvisor’s investment property calculator is that you can compare a multitude of properties at the same time, in case you are debating between a few different properties to invest in. This is because the analysis is instant.

And it uses Airbnb analytics which can be just as helpful as any other type of analytics. Airbnb real estate predictive analytics will let you know whether or not renting out on Airbnb is profitable with the specific property of your choice on the platform.

Related: How to Do Investment Property Analysis 

Start Looking for Rental Property for Sale Using AI

Why waste time when all the information you need to know is just a click away? We no longer live in the real estate world that relies on driving around, looking for the ‘For Sale’ signs or going to every auction in the neighborhood. If you are looking to find good rental property for sale, don’t be afraid to utilize all the tools that are provided to you. Mashvisor is here to help you take that next step!

Ready to start searching? Click here to find rental property for sale with Mashvisor!