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Top Tech Tools Every Rental Property Investor Should Know

Maize Real Estate Investor at a LaptopAs technology continues to advance, the business of investing in Maize rental real estate evolves with it. While several landlords may remain faithful to past methods of doing things, it is considerably more lucrative and efficient for most rental property investors to employ one or more of today’s top tech tools for real estate.

There are plenty of innovative tech tools acquirable today that you could easily optimize every aspect of buying and owning single-family rental homes. From property searches to leasing and everything in between, here are a couple of the tech tools that real estate investors of all genres need to understand.

A.I. Real Estate Apps

Stressful property searches are a thing of the past when you utilize machine-learning real estate search applications. Based on artificial intelligence (A.I.) principles, these real estate apps offer users customized recommendations based on their interests and past searches. One of the most frequently used apps, Compass, is trusted by over 14,000 real estate agents to search and advertise properties nationwide.

Data Analysis

One more amazing tech tool for rental property investors is data analytical tools. These tools will collect data at several levels, from national trends to your local market to each rental property you own. With this intelligence, you can make choices more effortlessly and, at the same time, track emerging patterns to help you identify where to explore for your next successful investment.

Social Media

If you have not already harnessed the power of social media to help you find, buy, and manage your rental properties, you are missing out. You can market your properties using different social media platforms, talk to other rental property owners and sellers, and build an online presence and reputation. All of these are essential parts of building a successful real estate portfolio.

Virtual Tours

Remove one of the most time-consuming components of leasing rental properties by producing and giving virtual tours online. Young adult renters, in particular, have already grown to expect to see virtual tours and other detailed information about a rental home long before they ever step foot in the door. A quick, unedited video tour of your rental property can help you minimize your pool of applicants and streamline the method of selecting your next ideal tenant.

Smart Locks, Keyless Entry, Video Monitoring

Smart technologies are turning into more common in single-family rental homes, from smart locks and keyless entry systems to video doorbells. Most tenants are intrigued by the security these amenities offer; they also give property owners a useful method to control access to the property and keep a watchful eye on things.

Process Management

Probably the essential tech tool that every Maize property manager deserves is convenient, online process management software. These programs may assist with automating a wide range of essential tasks, from exchanging documents to collecting rent payments, communicating with tenants, and tracking maintenance requests. While a couple of different process management software programs are obtainable, most come at a higher price.

 

A wonderful option to going it alone with your property management is to hire Real Property Management First Choice to do it for you. We provide technology-enhanced process management software to our property owners, making property management a useful and easy component of owning investment properties. To discover more, contact us online.

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