Using the power of technology in your property investment decisions is a must in 2022. So, what is the best real estate investing app this year?
Table of Contents
- How Have Real Estate Investing Apps Changed the Industry?
- What Is Mashvisor?
- What Makes Mashvisor the Best Real Estate Investing App of 2022?
- When Is Mashvisor Best Used?
Relying on a real estate app can significantly impact your decision-making process and help you generate higher profits. It can help investors navigate the market more easily and make smarter and more profitable investments.
Before we get into discussing the features that make an investing app the best, it’s vital to note that apps are not just meant for investors with a successful career behind them. They are also an essential tool for those who are just stepping into the real estate investing business. The apps help provide them with a larger-scale picture of the current situation on the market.
In this article, we’ll take a look at the way in which technology, big data, and AI have changed the real estate industry, as well as at the pros and cons of using property apps. Next, we will look at Mashvisor and what features make it the best app for real estate investors in 2022.
Last but not least, we’ll go through the Mashvisor tools. We’ll discuss how they help beginner and experienced investors find the top deals in the US residential real estate market.
If you’d like to know more about the app, go over some of its compelling features, and learn how it can improve your bottom line, don’t hesitate to scroll down.
How Have Real Estate Investing Apps Changed the Industry?
Over the last couple of decades, the proptech industry – marking the intersection between technology and real estate – has boomed. While, in general, real estate lags behind in the adoption of high tech compared to other more forward-looking businesses, this reality is quickly changing.
The emergence of hundreds of apps and platforms recently attests to the fact. Proptech companies are developing apps to make real estate investing not only more accessible and easier for everyone but also more profitable.
In a sense, real estate apps are democratizing investments in residential and commercial properties. They put beginner investors on an equal footing with those who’ve spent their entire career analyzing and closing real estate deals.
As clearly evident, technology has by now permeated every aspect of the industry. Apps provide the tools for everything from choosing the best markets and properties for sale, through securing financing and closing the deal, to managing and renting out properties.
At the end of the day, there are two sides to using a real estate investing app. Besides the pretty obvious benefits, there can also be things that no app can help you with, no matter how good it is otherwise.
So, to give future users a realistic picture of using such investment tools, here’s an overview of what you may expect in terms of advantages and disadvantages of real estate apps:
Pros of Using Real Estate Investing Apps
Let us start with the positives, as technology has definitely improved the face of the property industry in major ways.
Access to Accurate, Up-to-Date Data
First and foremost, the best real estate investing app gives its users access to comprehensive, accurate, and up-to-date real estate and traditional and Airbnb rental data and information. In 2022, access to data equals power for investors, and the creators of the top apps understand this.
Traditionally, only those who had analyzed and invested in a market for decades knew where to find reliable data on current trends. Now, thanks to real estate apps, this information is available to all investors.
Indeed, you don’t want to be left behind by not using an app and opting for manual data collection instead. This is not the way to invest in real estate in 2022.
Readily Available Investment Property Analysis
In addition to knowing where to find the best real estate data, you also need to know how to analyze it accurately and efficiently in order to make smart and profitable decisions. That’s another major advantage that the top real estate investing app offers.
In other words, it conducts rental property analysis on thousands of available properties for sale to help you choose the best ones for your needs and aspirations. As an individual investor, especially a beginner, you can never analyze an equivalent number of properties to make such a confident investment decision as with the help of an app.
Nationwide Availability of Properties for Sale
In the past, investors used to focus on a single market, usually near their home, just because they couldn’t access and learn out of state markets well enough. This is still the case today for those who decide to work solo and not use the help of technology and tools. However, this can pose a significant problem when your market is too expensive or not profitable enough.
Alternatively, using big data apps gives even the newest investors access to the entire US housing market. They can search for rental properties across the nation to find opportunities that match their needs and expectations the closest. This makes investing in real estate affordable and feasible for just about anyone.
Faster Investing Decisions
A few years ago, the real estate investing research and analysis process used to take three months, maybe even more for newbies. In a hot market like today’s, this means that all good opportunities will be gone before a new investor has done enough research and analysis to move forward with a deal.
But the best real estate investing app has turned this process into 15 minutes. You can choose a top market, search through available listings, select the top-performing rental properties, and analyze the expected performance of a property with a few clicks of a button. All from the comfort of your home or office.
And the sooner you get started in real estate, the sooner you will be able to expand your portfolio and retire off passive income.
More Predictable and More Profitable Property Investments
On your own, it’s nearly impossible to analyze enough data points to be able to make an investment with the desired level of confidence. However, since apps can process and analyze large amounts of data, including real estate comps and rental comps, in no time, they help you make confident investment decisions.
Investors who start using a real estate app notice a significant increase in their return on investment right away.
Cons of Using Real Estate Apps for Investing
Just like everything else in real estate investing, relying on an app might come with some drawbacks. Here are the most significant ones:
Data Coverage and Accuracy Issues
While they claim to provide accurate and verified data, indeed, many apps in the real estate market obtain numbers from disputable sources and do not check the accuracy. As you can imagine, using poor analytics can lead to suboptimal investment results.
Thus, as an investor, you must check the data sources and data analysis techniques before opting for an app. It’s also a good idea to read through customer reviews to see what others think about the platform that you’re considering.
Sometimes, real estate apps implement tricky pricing structures that make them look affordable, whereas the actual cost is quite high.
For example, a subscription to AirDNA, one of the most famous data analytics platforms in the Airbnb rental space, starts at $19 per month, which is rather affordable. However, the monthly fee can reach a few thousand dollars if you want access to several large markets.
So, before you purchase an app, make sure you know exactly how much it will cost you per month or per year. Check also the level of access that your subscription fee will provide you with.
Loss of the Human Aspect
Last but not least, as a new investor, you need to know that real estate is a largely people’s business. Human interactions – whether with agents, partners, property managers, or renters – are often at the core of the business. Relying too heavily on apps to start and run a real estate business removes this human aspect, which might come at a cost.
Thus, it’s important to remember to utilize an app in a way that complements and augments human interaction instead of replacing it.
Now that you know the advantages and disadvantages of entrusting your investment decisions to an online platform, it’s time to discuss the best app in the US real estate market.
What Is Mashvisor?
So, what’s the best real estate investing app in 2022?
The answer is simple: Mashvisor is the top tool for both beginner and experienced real estate investors this year.
But what is Mashvisor? And what does it do for property investors?
Mashvisor is a data analytics platform developed with the aim of helping real estate investors gain a more accurate, up-to-date insight into the US residential rental market. As such, it helps them identify and invest in the most profitable locations, as well as in top-performing long term and short term rental properties for sale.
In brief, Mashvisor has turned three months of real estate research and analysis into 15 minutes.
In addition, the platform has a real estate investing blog that helps educate beginners on the basics of how to get into real estate investing and how to choose the best rental strategy. The blog also teaches users how to find lucrative opportunities and how to manage traditional and Airbnb rentals for maximum profit.
Furthermore, there’s always updated information on the best markets for investing in rental properties.
To start your 7-day free trial of Mashvisor, click here.
Who Can Use Mashvisor?
Mashvisor’s features help:
- Real estate investors
- Real estate agents and brokers
- Property managers
Real estate investors can take advantage of the various tools available on the platform to invest in residential rental properties. For starters, beginner investors can learn how to start a traditional or Airbnb business and what the requirements of each strategy are.
Next, they can use data analytics to examine the performance of potential neighborhoods and analyze their return on investment. Afterward, investors can search for MLS listings and off market properties that match their criteria and expectations. Last but not least, they can conduct detailed rental property analysis of all potential investment properties.
Real estate agents and brokers can benefit from Mashvisor, too. Our real estate tools can assist agents in getting leads, qualifying leads, and matching them with properties. The Mashvisor app is ideal for agents working with property investors rather than homeowners.
Property managers can take advantage of Mashvisor’s features, as well. Specifically, they can use the tools to help clients find new rental properties to purchase, which they can then manage in turn. Thus, property management professionals can use the platform to grow their business effortlessly.
In short, the Mashvisor app can help anyone find new opportunities for investing and help them expand their real estate business in no time.
In other words, if you’re asking yourself: “Is there an app that lets you invest in real estate?”, the answer is Mashvisor.
What Makes Mashvisor the Best Real Estate Investing App of 2022?
Saying that Mashvisor is the top real estate app in 2022 is easy. However, why should you trust such a claim?
In this section, we’ll take a look at all the different tools and features available at Mashvisor and why they make our platform the best rental property investing app on the market.
In brief, Mashvisor’s real estate investing app boasts a wide range of features that make establishing a rental strategy and attaining profits from it much more manageable.
Let’s go through the app’s most powerful tools and features in more detail:
Real Estate Blog
Especially if you’re a new investor, we’d recommend that you start your journey on the Mashvisor app on the blog. There, you can access for free thousands of guides on how to invest in real estate and find the best opportunities in the US market. Some of the blog categories include:
- Beginner Investors blogs
- Buying Investment Property blogs
- Real Estate Analysis blogs
- Top Locations blogs
- Airbnb Rentals blogs
- Traditional Rentals blogs
Once you’ve got a proper introduction to the basics of real estate investing, you can delve into the other tools on the Mashvisor app.
Real Estate Heatmap
Mashvisor’s heatmap is one of the most commonly demanded features on the app. It helps users locate a lucrative environment in which they can attain the highest profits.
A color-coded overlay of properties gives you insight into the median property price, average traditional and Airbnb rental income, cash on cash return, and Airbnb occupancy rate. In this way, you can identify the neighborhoods in any US market that best fit your investment criteria and requirements, including budget and profitability.
Neighborhood Analysis Pages
Getting a general idea of the home values and cash on cash return you can expect in a particular area does not suffice to make a confident decision. Thus, the Mashvisor app provides investors with yet another tool that allows them to expand and deepen their neighborhood analysis, namely, the Neighborhood pages.
Once you’ve identified a few areas which match your basic requirements, you can analyze them in a more detailed manner through Mashvisor. Each neighborhood analysis page provides the following information:
- Mashmeter: An average score of how good the area is for investing in traditional and Airbnb rentals.
- Median property price
- Average property price per square foot
- Traditional and Airbnb income
- Traditional and Airbnb cash on cash return
- Number of properties for sale
- Number of traditional rental listings
- Number of Airbnb listings
- Airbnb occupancy rate
- Optimal rental strategy
- Walk Score
- Transit Score
- Bike Score
- Real estate comps
- Optimal rental property type
- Optimal number of bedrooms
All the real estate data and information above help investors confirm that a particular neighborhood is indeed the best location for their investment needs and aspirations.
Rental Property Search Engine
From the moment you enter Mashvisor’s main page, you’ll be able to start searching for the ideal real estate property to purchase in any market of your choice. The investment property search engine is one of two tools available on the Mashvisor app that allows investors to accelerate and optimize the process of looking for good opportunities.
You can use the following filters to search for MLS listings, as well as off market properties in which to invest:
- Market: City, neighborhood, street address, or zip code
- Financing method: Cash vs. Mortgage
- Cash on cash return
- Cap rate
- Minimum number of bedrooms
- Minimum number of bathrooms
- Year built
- Property size in square feet
- Rental income
- Property type
- Property status
After you’ve selected values for any or all of the criteria above, the Mashvisor real estate investing app will pull all available investment properties for sale that match your requirements. You’ll be able to organize the listings by increasing or decreasing Mashvisor Score, price, size, rental income, or return on investment, whether you focus on the traditional or Airbnb strategy.
Property Finder Tool
Locating properties has become a far more streamlined process with Mashvisor’s second tool addressing this goal: the Property Finder. The tool is designed to help beginners and professionals find and compare profitable properties in more than one market at the same time.
You can search for rental properties for sale using the following criteria:
- Location: Up to 5 markets simultaneously, depending on your Mashvisor subscription plan
- Distance from location
- Rental strategy
- Property type
- Number of bedrooms
- Number of bathrooms
The Property Finder tool will order the for sale listings starting from the highest expected cash on cash return for your preferred rental strategy: traditional vs. Airbnb. You can look through them, save those you like, and remove those you don’t like. The more you interact with our Property Finder tool, the better your search results will become through our AI algorithms.
Investment Property Calculator
After you’ve identified some potentially lucrative investment opportunities, you need to be able to analyze them in full, and the Mashvisor rental property calculator allows you to do that. For each property listed on the platform, you get access not only to the basic information available on the MLS but also to a detailed rental property analysis.
The most important real estate and rental data points include:
- Listing price
- One-time startup costs
- Comparable rental income
- Recurring monthly rental expenses
- Cash flow
- Cash on cash return
- Cap rate
- Occupancy rate
The best part is that the investment property analysis is presented side by side for both the long term and short term rental strategy. This means that you can easily identify if a certain property is better suited to be rented out traditionally or on Airbnb. Moreover, you know what income and return you can expect should you choose to switch strategies in the future.
But to be sure that Mashvisor is the best real estate investing app, investors need to know where the data comes from. The Mashvisor real estate data and rental data come from dozens of reliable, publicly available sources. The sources include the MLS, Zillow, Redfin, RentJungle, Airbnb, and public records.
Furthermore, the expected investment analysis is based on the performance of traditional and Airbnb rental comps in the local market. Importantly, you can access the comps to conduct your own comparisons and analysis. It’s always smart to supplement the analysis with your own calculations when using an investment app.
The Mashboard is a tool that mostly serves the needs of real estate agents. It helps agents and brokers identify qualified leads and locate and list off market investment opportunities. Also, it allows them to get in touch with clients and perform thorough research.
And the best part?
You get to do all these things in one place, straight from Mashvisor’s dashboard.
Experienced investors can also use this feature to identify off market properties, find out who owns a house, and get in touch with potential property sellers directly. The Mashboard can help you take your real estate investing strategy to a whole new level.
Real Estate Agent Directory
Buying or selling a real estate property requires knowledge, not just of the market but also of the property in question. Again, this could be a tough, time-consuming task for investors who are not yet familiar with the market they’re operating in.
Mashvisor can help in such situations too. How?
By offering you access to our real estate agent directory, a database that helps investors connect with the top real estate agents all over the US. You can get all the information you need about an agent before even contacting them to decide if they fit your needs best.
To see what existing customers think about Mashvisor and its tool, check out these reviews.
When Is Mashvisor Best Used?
Now that you have all the information in front of you that explains why Mashvisor is the best real estate investing app in 2022, another question pops up. Namely: “When is the best time for real estate investors to use the Mashvisor tools?”
And to answer that, we’d like to point out once again that Mashvisor can help you:
- Learn more about real estate investing and how to get started
- Perform investment potential analysis at the neighborhood level
- Discover profitable investment properties listed for sale as well as off market opportunities
- Evaluate expected return on investment
- Decide on the best rental strategy for a property
- Access real estate comps and rental comps to augment your own rental property analysis
And even if you’re not 100% sure what kind of investment strategy you want to pursue, you can use our blog to scroll through informative guides on investing options and market trends.
Add the fact that you can schedule a demo and get a complete overview of our investing app, along with some concrete tips for improving your investment strategy.
The point is:
It doesn’t matter at what point of your real estate investment journey you are at the moment. Mashvisor’s app can provide crucial insights and offer valuable assistance in the process.
Learning about the recent surge in real estate platforms and hearing the pros and cons of using an app in their investment decisions shows investors the benefits of such tools.
Getting an introduction to Mashvisor, going over the tools in detail, and discussing when the platform can be used is enough to convince investors that Mashvisor is the best real estate investing app in 2022.
When deciding whether to use an online platform or not, there are a few key things that you need to keep in mind.
First, it’s essential to note that the investing business has become less time-consuming and tedious now that you have apps that do the math and analyze data for you. Of course, that’s true only for the top platforms on the market.
With that said, Mashvisor’s tools are an excellent choice for real estate investors looking for the best place to buy rental property and expand their portfolios. The app also helps agents, brokers, and property managers grow their business effortlessly.
Some of the most compelling Mashvisor features include the heatmap, neighborhood analysis pages, investment property search engine, Property Finder, and rental property calculator. They contribute significantly to the potential success of your future investments by giving you access to reliable data analytics across the entire US residential market.
Furthermore, Mashvisor’s pricing is affordable, and the plans vary according to your investment needs.
There’s not much left to add regarding this real estate app except:
Sign up for a 7-day free trial of Mashvisor now, and begin your investment journey with us.