Ask any successful real estate investor about the two most important things required to succeed in the field of real estate investing and, in all likelihood, their response will be, time and money.
For making money through real estate, you need to invest money at an opportune time in a residential or commercial property, all the while staying mindful of the expenditure involved in the enterprise. Real estate market is very volatile, so you need to always be in touch with the upheavals there, how the rates of the properties are faring? Is it a buyers or a sellers’ market?
If you manage to strike a good deal for a commercial property, another daunting task, waiting in the wings, is to manage the property successfully and effectively. Those emergency calls reporting about a major plumbing or electrical issue could be very stressing.
With the advent of technology, especially mobile apps, lots of your problems could be effectively managed through automation, which not only helps you save time but also gives you timely alerts about the rates of the properties in your market or about a crucial task to be completed.
Fundrise app is one of those apps through which you can make your initial foray into commercial real estate by investing as little as $500. You can invest into commercial real estate across the USA through this tool. Through Fundrise you can either invest into either real estate investment trusts (REIT) or eFunds. REIT mostly invests into income generating commercial real estate and in case of eFunds, invested money is used to purchase new land, develop new inventories for the aspiring homeowners.
Rentometer, as evident from its name itself, assists rental property investors with determining the rent of their rental property because determining and charging the correct rental amount to the tenants can be a daunting task. All the investors have to do is to enter the address and number of bedrooms to this tool, the tool will perform comps of all the similar properties in that location and give you an average rental price for your property.
Personal Capital is a free app, through which you can search for a new home, rent your investment property, and even sell your home. Through this app you can apprise yourself of the current Zestimate value of your property on a regular basis. Not only this, through this tool you can keep a watch over your income, cash flow and net worth.
Landlord Studio is like a big boon for the rental property owners. This tool lets you automate all the crucial tasks related to property management like contractor management, accounting, setting reminders and secure storage.
These are some of such tools, if you want to organize and streamline your real estate investing business, we can help you with structuring your entire process and suggest a customized solution for your needs. If you need such assistance, please give American Made Home Solutions a call at (360) 386-7493.
