With hundreds of cons that come with technology, the pros always outweigh. A huge number of apps available on app stores assist us in all walks of life. So, if you are a real estate investor, there are hundreds of apps available on app stores to help you find the right investment options in real estate.
For Toronto mainly, both local and international apps can help you list the fantastic real estate investment opportunities around you.
Most of these apps are easy to use. All you need to do is follow a few steps, and you’re good to go. As far as the real estate industry is concerned, it is a real feat exploring and hunting down the properties.
But, amongst this search of different features, people often find themselves lost in the middle of nowhere. This is where applications and technology come in.
In this age of technology, there exist various forms that help in the services for real estate investors. Real estate investment also requires you to have a considerable number of resources or contacts. But with the help of these apps, the requirements can be minimized.
Let’s dig into a few apps that can help you with your real estate investment endeavors:
Realtor.com is one of Canada’s most popular real estate applications. It helps you with both rentals and investments. It uses the MLS System listing process for sales (1).
The app allows the client to view properties based on their method, the type of the property, and the days that have passed since the investor posted the property over the market.
From the investors’ point of view, particularly, Realtor.com has a separate section for commercial investments. You can get in touch with thousands of realtors across Canada.
People can browse through the various photos of the inside of the house, its exterior, the size of the rooms and the bathrooms and the width space and lengths. Another exciting feature of Realtor.com is that it provides you with demographical data of the geofence you mark.
Hence, as a real estate investor, you have a chance of planning your investment and its return based on real buyer data.
Realtor.com focuses on connecting Realtors to consumers, but the site is also a rich data source for house hunters. – Hal M. Bundrick, CFP, nerdwallet.com
The Zillow possesses the power of being the most loved application of the real estate industry as it has gained a magnitude of followers since its origination. It works only inside the United States and Canada but has gathered such potential that it remains to be loved by whoever comes across its numerous benefits.
It has known to embrace around 70 million followers every month, and that is a whopping number. The reason for its success is that it has helped clients buy properties out of the 110 million properties it is involved with.
Moreover, people can put an estimate selling price over their homes to gather an estimated value when the time comes for moving.
People are so fond of the Zillow app that the word Zillow often accompanies the searches associated with rental properties. For any area, you can get estimates and average rates of properties as per your requirements.
This ideal application is for those people who have the vision of buying significant properties around the commercial area. Its features are somewhat like that of the Zillow application, but it serves to a bigger and broader platform.
People with the idea of selling commercial properties with a great mindset can look up to this application and find the features that pique their interest.
The reason it is such a success is that not many websites offer the chance of exploring the commercial properties as this application does (2). Furthermore, many people prefer buying properties that are outside of the town, which is why it is the best for real estate commercial properties.
#4 Property Evaluator
This particular application is ideal for people who possess the ownership of the rental properties, hence qualifying them to be recognized as the buy and hold investors. The benefit that surrounds these investors is that they can acquire the return on investment as the clients wait to purchase and sell their respective properties.
But the real struggle that obstructs the otherwise smooth pathway is the fact that for a successful purchase, the financial statements need to be in order. These statements that required days to be fed into spreadsheets can now be calculated with the help of this application.
The data that it feeds involves the rent that the investor charges, the address of the location, the cost that will be required to improvise the location amongst others. There does exist a con within the application. You will have to track down the owner of the property yourself, making you the person with the job to get the lead.
Watch this video to learn more about Property Evaluator.
If you’re an investor, perhaps you should check our homepage for more real estate investment opportunities.
1 – Bundrick, Hal M. “Realtor.com Review.” NerdWallet, 28 Sept. 2017, https://www.nerdwallet.com/blog/mortgages/realtorcom-review/.
2 – Wire, TheStreet. “LoopNet Inc. (LOOP): Today’s Featured Real Estate Winner.” TheStreet, 3 Oct. 2011, https://www.thestreet.com/markets/loopnet-inc-loop-todays-featured-real-estate-winner-11266313