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Top Tech Tools Every Rental Property Investor Should Know

El Cerrito Real Estate Investor at a LaptopAs technology continues to advance, the business of investing in El Cerrito rental real estate evolves with it. While several landlords may hold to traditional practices, it is far more lucrative and efficient for many rental property investors to implement one or more of today’s top tech tools for real estate.

Currently, there are several innovative tech tools 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 few tech tools that real estate investors of all kinds must understand.

A.I. Real Estate Apps

Challenging property searches are a thing of the past when you adopt 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 broadly used apps, Compass, is utilized by over 14,000 real estate agents to search and sell properties nationwide.

Data Analysis

One more incredible tech tool for rental property investors is data analytical tools. These tools will collect data on several levels, from national trends to your local market to each rental property you own. With these ideas, you can make smarter decisions and, at the same time, track emerging patterns to help you choose where to search for your next fruitful investment.

Social Media

If you haven’t recently harnessed the power of social media to help you find, buy, and manage your rental properties, you are putting yourself at a disadvantage. You can market your properties via numerous social media platforms, speak with other rental property owners and sellers, and build an online presence and reputation. All of these things are necessary for building a profitable real estate portfolio.

Virtual Tours

By making and giving virtual tours online, you may erase one of the most time-consuming aspects of leasing rental properties. Young adult renters, in particular, have learned to anticipate virtual tours and other detailed information about a rental home long before they ever step foot in the door. A fast, unedited video tour of your rental property can help you narrow your pool of applicants and streamline the recruitment process of your next quality tenant.

Smart Locks, Keyless Entry, Video Monitoring

Smart technologies, such as smart locks and keyless entry systems to video doorbells, are becoming more widespread in single-family rental homes. Many tenants are surprised by the security provided by these devices; they also offer property owners a straightforward approach to control access to the property and keep the issue under control.

Process Management

Probably the most useful tech tool that every El Cerrito property manager needs is convenient, online process management software. These programs may assist in streamlining a couple of essential tasks, from exchanging documents to collecting rent payments, communicating with tenants, and tracking maintenance requests. Even though several different process management software programs are available today, most of them are rather overpriced.

 

The best option to going it alone with your property management is to hire Real Property Management Pacific to do it for you. We give technology-enhanced process management software to our property owners, making property management a fast and effective part of owning investment properties. To learn more, contact us online.

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