I’m a big fan of saving time and money. These apps will do both. Here is a list of the best apps for real estate investors for both Android and iOS.
12 Best Apps for Real Estate Investors in 2020
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.
You can download the calculator by clicking the button below.
It only takes 5 seconds to download and get started.
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.
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.
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 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.
- 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
2. Rentometer Express
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.
- Actual rental comps for your desired location
- Premium on the go screening of properties
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.
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
4. Personal Capital
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:
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.
- Completely free to use
- Comes with automated net worth tracker and a retirement planner
- Fully integrated with Zillow home price estimates
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.
6. Landlord Studio
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.
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.
See Related: Pros and Cons of Renting vs Selling Your Home
Redfin, 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.
8. USHUD Foreclosure Home 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.
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.
9. DealCheck: Analyze Real Estate
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.
10. 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.
11. 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:
- Property law
- Closing costs
- Down payments
- Real estate organizations
- Property types
Use a dictionary to push your limits and become a better investor every day.
12. 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:
What do you think are the best apps for real estate investors?
- Real Estate Investor Salary Guide
- Reasons to Invest in Industrial Real Estate
- Free Rental Property Excel Spreadsheet
The Alpha financial perspectives will help you find new ways to make money, which are aggressive, unknown and require significant hard work. Use Personal Capital to monitor your cash flow and net worth.