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Top Tech Tools Every Rental Property Investor Should Know

Norwich Real Estate Investor at a LaptopAs technology continues to advance, the business of investing in Norwich rental real estate evolves with it. Though some landlords may still utilize traditional ways of doing things, it is more lucrative and efficient for many rental property investors to utilize some of today’s top tech tools for real estate.

These days, there are numerous innovative tech tools so you could easily optimize every aspect of buying and owning single-family rental homes. From property searches to leasing and everything in between, here are some of the tech tools that real estate investors of all kinds need to comprehend.

A.I. Real Estate Apps

Complex property searches are a thing of the past when you utilize machine-learning real estate search applications. Based on artificial intelligence (A.I.) principles, these real estate apps offer users customized recommendations based on their interests and past searches. One of the most popularly used apps, Compass, is employed by over 14,000 real estate agents to browse and promote properties nationwide.

Data Analysis

Another essential tech tool for rental property investors is data analytical tools. These tools will collect data on several levels, from national trends to your local market to each rental property you own. With this information, you can easily make the right decision and, at the same time, track emerging patterns to help you identify where to seek your next successful investment.

Social Media

If you have not already harnessed the power of social media to help you find, buy, and manage your rental properties, you are letting the opportunity go. You can market your properties using various social media platforms, engage with other rental property owners and sellers, and build an online presence and reputation. All of these are important parts of developing a successful real estate portfolio.

Virtual Tours

Simply eliminate one of the most time-consuming features of leasing rental properties by creating and presenting virtual tours online. Young adult renters, in particular, have now grown to expect to see virtual tours and other detailed information about a rental home long before they ever step foot in the door. A short, uncut video tour of your rental property can help you lower your pool of applicants and streamline the procedure of finding your next possible tenant.

Smart Locks, Keyless Entry, Video Monitoring

Smart technologies are becoming more popular in single-family rental homes, from smart locks and keyless entry systems to video doorbells. Various tenants are enticed by the security these features supply; they also give property owners an easy procedure to control access to the property and keep a watchful eye on things.

Process Management

Perhaps the most important tech tool that every Norwich property manager needs is convenient, online process management software. These programs may help simplify numerous important tasks, from exchanging documents to collecting rent payments, communicating with tenants, and tracking maintenance requests. While a few different process management software programs are available, most come at a hefty cost.

 

The greatest alternative to going it alone with your property management is to hire Real Property Management Beacon to do it for you. We provide technology-enhanced process management software to our property owners, making property management a suitable and efficient part of owning investment properties. To learn more, contact us online.

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