Real estate investing is a popular choice for people who want to build wealth, but don’t want the hassle of running their own businesses. It’s a smart choice, because real estate is a tried-and-true means of building wealth, even if you have only beginner knowledge of the market.
But what about all those investors out there who aren’t experts at real estate investing? How can they succeed without strong expertise and experience? And what about people who are new to the field and don’t have any experience or expertise at all?
A great way to start learning about real estate investing is by using apps that assist you in the process. We’ve found some great apps for both investors with experience and those who need assistance in gaining that important first step.
Best Apps For Real Estate Investors 2019
Real estate investing can be challenging. You need to find a way to get an edge in what is becoming an ever-competitive market.
As a real estate investor myself, I’m focused on maximizing my income while reducing my time as much as possible. I’d like to set up as many automated processes that reduce friction and increase optimization.
I created a free investment property Excel spreadsheet that will help you invest in real estate smarter.
Not harder.
You can download the calculator by clicking the button below.
It only takes 5 seconds to download and get started.
DOWNLOAD NOW
Apps have already saved me significant time for managing my finances and portfolio values.
For instance, I use Personal Capital to link all my real estate home values as well as my mortgage payments. It’s an easy way to track the intrinsic value of my real estate business.
For free. And in less than 20 minutes per month.
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Personal Capital
Price: Free
Personal Capital is my personal favorite for managing my passive income cash flows, investments and retirement accounts. With their free net worth tracker and retirement planner, I can manage my money in less than 10 minutes per month.
JOIN FOR FREE
Personal Capital will allow you to track the Zestimate (Zillow Estimate) value for your home. It’s another reason why this app is one of my favorite financial resources.
Outside of that, there are plenty of options for you to focus directly on real estate whether that is to find a home, rent one or even sell a home.
There are plenty of pros to real estate investing. With that, there comes disadvantages and I’ve found that technology can help mitigate those disadvantages.
Table of Contents
How to Make Money with Real Estate Investing
Why you need mobile applications for real estate investing
List of Top Apps for Real Estate Investors
- Fundrise
- Rentometer Express
- Personal Capital
- Landlord Studio
- DealCheck: Analyze Real Estate
- Auction.com
- Zillow
- USHUD Foreclosure Home Search
- Redfin
- DealMachine for Real Estate
- Real Estate Dictionary App
- Real Estate License Exam Prep
Conclusion on Real Estate Investing Apps
How to Make Money with Real Estate Investing
Real estate is a dynamic asset class, which opens the doors to millions of ways to make money with it.
I’d suggest that you focus on a few areas in real estate investing. It’s a lot better to get very good at 2 things than be okay at 10 ways to invest in real estate.
Here are a few of the top ways to make money with real estate investing:
Own operating single-family real estate
Buy land positions for speculative development
Invest in commercial real estate
Invest in distressed single-family or commercial real estate
Acquire, rehab and flip residential real estate for profit
Build, own and operate single-family or commercial real estate
As you can see the options go on and on, really the risk curve depends on your risk appetite. Obviously, the higher risk means higher reward potential.
Choose wisely and continue learning with a particular strategy that works best for your financial goals.
Why you need mobile applications for real estate investing
We live extremely busy lives. Not only that…
Real estate investing requires you to be on the go, especially if you are doing it at scale. Some examples of how apps can be helpful during your real estate processes include:
Setting up real estate investment property alerts on your iPad while flying
Using one centralized app to manage all your accounting, rental income and taxes
Check rental comps while you physically in a prospective real estate investment opportunity
Save money by not using a management company and manage your tenants on the go
These are just a handful of ways apps can make your life easier in real estate investing.
List of Top Apps for Real Estate Investors
I believe transaction costs associate with real estate transactions is far too high. These apps for real estate investors will help you invest smarter, save money and close more deals.
Let’s get into the exact tools that I use to be a better real estate investor.
- Fundrise
fundrise-logo
Fundrise is an obvious choice. If you want exposure to real estate crowdfunding and eREITs either as an accredited or a non-accredited investor, you have a single platform to do so.
Plus, Fundrise offers affordable investment account minimums of only $500. You can become a real estate investor overnight. Fundrise has and continues to be, the market leader for finding new investment opportunities online.
If you are a single-family home investor, you can diversify by entering commercial real estate like investing in industrial real estate or a completely different market from your local market.
Min To Invest Accredited Only? Fees Next Steps
$500 No 1%/year Sign Up Read Full Review
Features
The minimum investment amount of only $500 in total
Free to sign up and scan potential investment opportunities
Earn passive income with commercial real estate investing
SIGN UP NOW
- Rentometer Express
Rentometer Logo
Rentometer is the ultimate tool for single-family home real estate investors. I believe the single most important variable or way to extract value off of a new investment opportunity is through rent pricing.
More often than not market-based rents are not reflected in the current tenant’s rental rate. Rentometer bridges that gap and will help you find a reasonable rate to charge.
You simply input the address and bedrooms. Then, you will start seeing actual lease comps within the area. It’s an absolute must-have app among the best apps for real estate investors.
Features
Actual rental comps for your desired location
Premium on the go screening of properties
TRY NOW FOR FREE
- Personal Capital
Personal Capital Logo
Personal Capital is a personal finance app that tracks all your income, cash flow and net worth. It’s a completely free app that includes a retirement planner and more. It’s not just for personal finance anymore.
Personal Capital is fantastic for real estate investors now. You can link your real estate assets and properties.
When adding assets simply link your real estate and choose monitor value using Zestimate from Zillow.
It should look something like this:
Link Home and Real Estate – Personal Capital
Want to keep your real estate investing business and personal net worth tracking separate?
Why not create a separate account on Personal Capital? This can be a great way to track cash flow, income and net worth with real estate. Read more about the app in our full Personal Capital review.
Features
Completely free to use
Comes with automated net worth tracker and a retirement planner
Fully integrated with Zillow home price estimates
TRY NOW FOR FREE
- Landlord Studio
Landlord Studio Login
Landlord Studio is one of the most all-encompassing real estate investment management apps. You can automate all important tasks to set reminders, secure cloud storage, financial reporting and management of contractors.
From an accounting perspective, you can get all your tax-related information in one place:
Securely import transactions from your bank account
Track and reconcile rent payments and expenses
Create professional reports for tax time
Record your mileage
The app offers a great way to help you find the right tenants right upfront. As a real estate investor, I can’t stress this enough. Read more about the app in this Landlord Studio review.
It’s imperative you make the right decisions from day one to avoid disaster down the road. Landlord Studio is a competitor to the online software called Cozy.
TRY NOW FOR FREE
See Related: Pros and Cons of Renting vs Selling Your Home
- DealCheck: Analyze Real Estate
DealCheck-The-Leading-Real-Estate-Analysis-Software
DealCheck is an app that will help you evaluate new real estate investment opportunities. It’s a one-stop-shop to get the answers you need to evaluate whether or not a property is a good investment opportunity.
As you gain more experience, you will know what to look for and have an intuitive instinct as to what will work best. It never hurts to get that “gut check” on your investment thesis and DealCheck can help you do that.
If you want to use it, I suggest that you run your analysis on your own.
Then, use DealCheck to analyze your investment property through a different lens that might offer you a different perspective.
If you are a novice investor, this is one of the best apps for you.
TRY NOW FOR FREE
- Auction.com
Auction.com Login
There are many pros and cons to real estate investing. To me, the pros outweigh the cons. Using Auction.com’s app, you can find flip investment opportunities to make money with real estate.
Auction.com is the best place to find foreclosure and bank-owned properties. You can see a snapshot of the Minneapolis, Minnesota foreclosure market above from the desktop view.
However, Auction.com has a mobile app that will help you find properties on the go and get alerts of new auctions, listing and more.
If you like the strategy of buying distressed assets, then the Auction.com mobile app is the one for you.
- Zillow
Zillow Login
Yeah, Zillow. You’ve probably heard of it. It remains to be a great mobile app to use. I used Zillow to create a listing when I rented my house without a real estate agent.
With the Zillow app, you can use it to find rental rates in a particular area or even find an estimate home value by using their “Zestimate.”
You can use the app to create alerts for particular neighborhoods, streets, bedroom counts and more.
Create a Listing on Zillow
Just type in your property info to get started.
In the above, you can see a web desktop version of how to create a listing and manage the process. You simply just need to type in your property address and you’ll be ready to rent or sell your property in no time.
See Related: Important Pros and Cons of a NNN Lease
- USHUD Foreclosure Home Search
USHUD Foreclosure Search
Looking to find foreclosed homes without a realtor? Use the USHUD app to find a full listing and database of luxury, middle class, condos, etc. that are foreclosed on or bank-owned.
If you are on a desktop or mobile browser, another great option is the ViewHUDForeclosures database. It’s super easy to sign up and start viewing foreclosed homes in whatever area you are looking for.
Like Auction.com, you can use USHUD to find properties that are in foreclosure. This is more of an accurate search as it comes directly from the United States Department of Housing and Urban Development.
You’ll be able to find new opportunities to buy and sell for a profit in a matter of minutes.
- Redfin
Redfine-Real-Estate-screenshot-840×472 – Mobile AppRedfin, like Zillow, offers an amazing database of houses and information that can help you make smarter investment decisions.
Redfin takes things a step further than Zillow for renting out your place. You can actually sell your home and rent your home by using Redfin. They have their own listing and for sale signs that will be placed at your home.
I love that model. They are truly taking the steps to trim down transaction costs on real estate transactions and investing.
- DealMachine for Real Estate
Need to gain a competitive edge in real estate? DealMachine is exactly like the name. You can cold email properties to purchase them as an investment.
This is a great alternative way to drum up investment opportunities outside of the typical “free market” system. You can go direct in investing in particular properties.
You might not have a super high hit rate of success, but this is how you can extract some real value. You can make this as a way to make money solely off this strategy.
It’s one of the best apps for real estate investors since it allows you to nearly create a new investment strategy from scratch.
- Real Estate Dictionary App
Real estate is full of jargon and terminology. Think you know it all? You likely don’t. You can use the real estate dictionary app to learn terms, legal jargon and buzzwords on the go.
The Real Estate Dictionary App is a great way to learn more and continue to push the envelope on your knowledge of real estate.
Search thousands of terms from real estate, mortgage, and financial dictionaries to obtain in-depth definitions on the following topics:
Mortgages
Property law
Closing costs
Down payments
Commissions
Taxes
Real estate organizations
Property types
Use a dictionary to push your limits and become a better investor every day.
- Real Estate License Exam Prep
Serious real estate investors usually also have their real estate license. By having your real estate license, you can simply transact at a lower cost, which will save you money and increase your investment returns.
There are a handful of awesome apps that will help you prepare for your real estate license virtually and on-the-go. Here are a few of the better real estate license exam prep apps to help you ace your exam:
Real Estate Exam for Dummies by Licensing Test Prep
Real Estate Exam Practice Test
Real Estate Exam Prep & Review by Dearborn Practice Test
Why not practice on the go like during your commute? Use these real estate exam prep apps to become a better real estate investor.
Conclusion on Real Estate Investing Apps
These real estate investing apps will save you time and money. Don’t feel obligated to use all of them or most of them. Use the ones that consume most of your time first.
Real estate investing is all about staying in your comfort zone and mastering a few sets of skills.
For me, I use the following real estate investing apps to find success:
Fundrise
Personal Capital
Rentometer
Auction.com
What do you think are the best apps for real estate investors?
best app for real estate photos
In the real estate industry, high-quality photos are a must-have. Stunning images of the interior or exterior of a house or property give your business a sense of professionalism and credibility and allow you to market your business better on social media.
When it comes to taking and editing photos of your listings, nothing beats a high-end DSLR camera from Nikon or Canon and a photo editing application like Photoshop. However, many real estate professionals are constrained by time and money and need to be able to take high-quality photos quickly and affordably. Luckily, there are many different apps to help make your real estate photos stand out.
Here is a list of the three best photo editing apps for real estate agents.
- Snapseed
Price: Free
Best For: All around photo editing with precise control over exposure, color, and brightness.
Wide variety of editing tools that require little expertise
Photo exposure, color, and sharpness adjustment tools
Healing tools, brushes, and selective adjustments
Black & white and vintage photo filters
Double exposure and text
Cropping, rotating, and perspective adjustments
Lens blur and vignettes
Snapseed is undoubtedly one of the best all-around photo editing apps for real estate.
Snapseed is easy to use and comes with a wide range of powerful editing tools to help improve your photos. Additionally, it is completely free to download for both Android and iOS users. This app is a must-have for real estate agents looking to improve their listing photos and developing a consistent brand image on social media.
Snapseed photo editingSnapseed Image Cropping and RotationSnapseed Image Cropping and Rotation
DOWNLOAD SNAPSEED FOR IOS
DOWNLOAD SNAPSEED FOR ANDROID
- VSCO
Price: Free (Upgrade available with yearly subscription for $19.99)
Best For: Easy-to-use photo editing with over 130 one-tap filter presets
130+ easy-to-use filters available with an annual subscription
Tools for cropping and adjusting exposure, color, and definition
App Camera with additional manual controls
VSCO (pronounced visco), a new photo editing app for iOS and Android users, is an excellent choice for real estate photography.
The app comes with a variety of tools to help improve your image’s color, exposure, and sharpness as well as 130+ preset filters. In fact, VSCO has been reviewed as the best overall photo-filter app for mobile users. Unlike many photo filter apps, VSCO allows you to adjust the filter strength so that your filters aren’t overpowering. This type of editing allows for subtle effects that make your photos look professionally edited.
While VSCO is an effective tool for editing photos for your real estate listings, it is best used for your social media accounts, including Instagram and Facebook. The advanced filters allow your photos to remain consistent and help you establish a brand that stands out in your market.
Snapseed photo editingSnapseed Image Cropping and RotationSnapseed Image Cropping and Rotation
DOWNLOAD VSCO FOR IOS
DOWNLOAD VSCO FOR ANDROID
- TouchRetouch
Price: $1.99
Best For: Removing unwanted elements from photos
Easily remove objects from your photos
Brush and lasso tools for accurate and refined selections
Remove lines, objects, and people
Smooth blemishes and wrinkles from portrait photos
Duplicate textures objects with the clone stamp tool
The majority of mobile photo editing apps allow you to remove objects from your photos, but with TouchRetouch, this is the primary function of the app. Additionally, this app seems to be the best at object removal.
Whether you are taking a photo of a beautiful kitchen or a selfie before meeting new clients, oftentimes, there are unwanted elements in the photo you would like to remove. With TouchRetouch, you can use a brush tool (see example in images below) or a lasso tool to select the object you want to be removed and then click ‘Go’. Overall, the app does an outstanding job removing objects and correctly replacing them with whatever is in the background. If you feel the need to clean up areas that the app missed, you can use the clone tool to copy an area of the photo nearby.
TouchRetouch is a great app for removing unwanted elements from your photos to give your real estate photography a clean look. Using this app to remove unwanted elements from your photos can help buyers and sellers feel less distracted and able to focus on the primary subjects.
TouchRetouch AppRemove unwanted objectsReplace object in real estate photo
DOWNLOAD TOUCHRETOUCH FOR IOS
DOWNLOAD TOUCHRETOUCH FOR ANDROID
Written and Published by: VANED
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