Nick Statman on top 5 Useful Apps for Property Investors-
The modern property investor relies heavily on technology to do their job effectively. They use their phones, laptops, and tablets to check email, schedule meetings, post on social media, read up on local market trends, crunch numbers, and analyze data. Success in this industry comes down to time management, organization, effective communication, and the ability to access various sources of information quickly. Top-performing property investors use apps to help them do all of these things.
Here are five apps property investors need to download today:
Rightmove is the UK’s largest property portal and allows you to search millions of properties across the UK. The easy to use app allows you to browse homes for sale, filter by price, location, size, and amenities, and compare home prices in a specific area. It even allows you to search for homes overseas and offers in-depth resources on all things related to property investing. Designed to work seamlessly with iPhones, Androids, and iPads, Rightmove is a property investor’s best friend.
Careful book-keeping and organization is key to success as a property investor. There are many different forms and documents required to buy and sell property, and it can really add up when you have to purchase each form for every investment. Property Hawk gives you access to legal documents like tenancy agreements and rent change notices. This app is free and can be set up in minutes. It also includes free landlord software that helps manage your properties and keep track of utilities, expenses, taxes, and rent.
One of the most important things to consider when buying an investment property is the location. How close is a particular property to local schools, downtown, restaurants, parks, pubs, and other popular neighbourhood destinations? This app makes it easy to search for maps, read reviews, and learn a lot about a particular area without having to spend much time there. This colorful little app can help you learn more about a neighbourhood or area so that you can determine whether or not you want to invest property there. (It also doubles as an excellent resource if you’re driving through a new town and want to try out a local restaurant!)
If your investment property needs work, you have two choices: hire someone to do it or do it yourself. If you don’t have the time, experience, expertise, or resources to perform routine home maintenance projects, hiring an expert can save you time and money. But how do you find a reliable, honest, experienced, trained, and qualified contractor to do the work for you? And how do you know that they’ll meet your standards, or that their prices are competitive within the industry? RatedPeople allows you to browse profiles of local tradespeople all across the UK. You can see their work history, reviews from past clients, collect quotes, and hire a professional, all through the app. Whether you need help with painting, electrical work, or plumbing, you can hire with confidence using the RatedPeople app.
If you are currently managing multiple properties and often feel overwhelmed, over-scheduled, and unorganized, it’s time to add the RentCentral app to your technology toolbox. This sleek, easy-to-use app makes it easy to manage the accounting, marketing, home maintenance, income generation, and taxes for all of your properties. While this website lacks the bells and whistles of other property investment apps, it’s features make up for it. The free version allows you to track and manage one property, and the cost for managing multiple properties is just over £4 a month.
You have your phone on you all the time, and you might as well use it to help you become a more productive, organized, and confident investor. Take five minutes to install these five apps so you can streamline your strategy, expand your portfolio, and make investing more profitable and productive.