Technology has changed the game for many industries, especially the real estate industry. And real estate apps have proved phenomenal for investors and landlords.
Today I will discuss real estate apps and how they help you succeed as a landlord. Real estate remains a profitable industry, prevailing over the booms and crashes over the years. And with the digital age comes new ways of increasing revenue and efficiency in the business processes.
What are real estate apps?
Real estate apps are most beneficial for investors and landlords. They help in every aspect of the business from finding properties, and screening tenants to property management. For starters, you could find apps that give you access to a vast database of homes, apartments, and commercial buildings.
Real estate apps aim to make real estate transactions in rental businesses easier, safer, and more efficient. This means more accurate rents, better tenants, and more efficient property management and maintenance.
Now let’s get started.
Here are the best real estate apps for landlords and real estate investors.
Best Real Estate Apps for Landlords
Rentometer is a tool for analyzing investment properties and estimating rent prices in the surrounding area. It delivers rent comparisons in specific markets to consumers.
It’s very user-friendly. Just enter your property address, the number of bedrooms in your unit, and a monthly rent estimate to discover comparable rents in your area. Rentometer collects data from all throughout the country every day.
Because so much of this data comes from rental listings, it reflects rental asking prices rather than actual rents collected by landlords.
MagicPlan is a program for drawing floor plans and measuring existing areas. It makes dimensionally accurate blueprints of existing spaces using your phone. To use it, you first need to calibrate the device by placing it flat on a level surface at first. It then allows you to download, practice, or develop plans once it has been calibrated. It’s very easy to use, with many tutorials to help you along the way.
MagicPlan is capable of developing plans with correct calibration and practice. Although the designs produced are fairly accurate, they do rely on a suitable calibration process. It works well in smaller settings, such as residential rooms.
DocuSign, Inc. helps businesses handle electronic contracts. DocuSign's Agreement Cloud includes eSignature, which allows users to sign documents electronically on a variety of devices.
DocuSign is a fast and secure way to sign documents and agreements electronically from virtually any device, anywhere in the world. Using DocuSign is so simple that you'll never go back to paper, whether you're signing a lease with your tenant or a contract for your kitchen remodel.
SmartMove is a free online screening service for private landlords and their tenants. It was created to assist smaller landlords in making informed lease decisions by providing them with the same renter screening tools as larger property management businesses.
You can get the same credit data and decision-making tools by using TransUnion CreditRetriever, the expert screening service for larger management businesses, but you won't have to pay for hosting and upkeep. SmartMove's benefits make it a great tenant screening service for mom and pop landlords who don't require daily, weekly, or even monthly access to their screening solution. SmartMove provides low-cost, web-based access to the same data and analytics utilized by the major property management companies, resulting in quick and accurate leasing suggestions.
E. Tap Inspect
The Tap Inspect mobile app is the simplest report writing method for landlords. And it saves you up to 10 hours per week by allowing you to post the report before leaving the property. It’s great for home inspections and property maintenance. Tap Inspect makes it simple to define problems and offers one-touch recommendations for fixing them.
Lastly, property management is made simple by Buildium. Buildium's industry-leading property management software helps property managers to change or access information about their properties, tenants, owners, and vendors. Property managers may acquire instructions to a property using their phone's mapping features, and they can take images of their properties while on the job. Users can also access the full version of Buildium without needing to sign in from their mobile device.
How Real Estate Apps Will help you succeed as a landlord
Real estate apps are indispensable for the modern landlord and investor. They are perfect tools to keep pace with one’s busy routines, wherever, whenever. They change the game of connectivity to your rental business. Using any of the aforementioned apps will help you access your business processes, no matter where you are.
It's a real game-changer to be able to manage your business from your phone. It automates your portfolio and frees you from time-consuming and complex procedures. Especially when you're dealing with many properties, this is an excellent way to keep track of what’s happening in each unit. And of course, you get to communicate and understand your tenants more efficiently. A strong landlord-tenant relationship requires open communication and a shared understanding of expectations.
You can relieve stress by keeping all you need to know about your rental business in one location. You don't have to continually keep track of every small detail for fear of forgetting something because everything is organized and in one location.