5 Online Tools for Real Estate Investors that are Powerful and Free
By now, you have come to depend on the Internet for important parts of your business transactions. You may be a very internet-savvy real estate investor, but we wanted to make sure you are taking full advantage of some important Internet resources.
Here are 5 picks in important real estate investment categories to consider:
Real Estate Investment Resources:
Real Estate Property Calculator
RealVal (www.realval.com), online software that allows real estate investors to analyze their property value, forecast income, determine expenses, and calculate ROI. This tool allows you to load in data for multiple properties and compare strategies.
Property Investment Software
Tex-Rex Global (www.trexglobal.com/real-estate-software), which offers a host of free real estate software designed to streamline the marketing and reporting process. These web-based tools focus on a variety of topics including taxes, property depreciation, and 1031 Exchange.
Investment Property Rental Applications
Renting Authority (www.rentingauthority.com) offers an easy and free way to create a tenant application online. Renting Authority offer a wide variety of resources that will make the process of qualify tenants a whole lot easier. On their site, you will find resources for background checks, employment verifications, and more.
Finding Tenants for your Property
Craigslist (www.craigslist.org), an online community offering a host of free classified ads. The site?s Housing section has a ?Housing Wanted? sub-section where tenants seeking homes post their requests.
Locating Investment Properties
There exists many search tools on the web for finding investment properties. Surfing through thousands of listings in an MLS database site or a site like LoopNet (www.loopnet.com) can be very time consuming. You may be better off locating a search site that is more specific to your specific real estate strategy.
The property search area at Mason Hill (www.masonhill.com) provides a list of carefully analyzed properties targeted at maximum ROI in today?s market. The search tool is free and provides properties only in specific markets that are predicted to appreciate as well as generate positive monthly cash flow.
There are many more resources on the web that will make you a skillful investor. Stay tuned to our blog here at Mason Hill to find out more about important tips for successful property investing.