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Top Tech Tools Every Rental Property Investor Should Know

Layton Real Estate Investor at a LaptopAs technology continues to advance, the business of investing in Layton rental real estate evolves with it. In spite of some landlords adhering to the old ways of getting things done, it is definitely more lucrative and efficient for the majority of rental property investors to utilize one or more of today’s top tech tools for real estate.

There are enough innovative tech tools available nowadays that 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 a few of the tech tools that real estate investors of all sorts need to know.

A.I. Real Estate Apps

Challenging property searches are a thing of the past when you adopt 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 commonly used apps, Compass, is employed by over 14,000 real estate agents to buy and sell properties nationwide.

Data Analysis

Another excellent tech tool for rental property investors is data analytical tools. These tools will collect data on various levels, from national trends to your local market to each rental property you own. With this insight, you can analyze things easily and, at the same time, track emerging patterns to assist you in determining where to look for your next lucrative investment.

Social Media

If you haven’t yet harnessed the power of social media to help you find, buy, and manage your rental properties, you are missing out. You can market your properties via different social media platforms, chat with other rental property owners and sellers, and build an online presence and reputation. All of these are fundamental elements of creating a good real estate portfolio.

Virtual Tours

Get rid of one of the most time-consuming features of leasing rental properties by making and delivering virtual tours online. Young adult renters, specifically, have now come to expect to view virtual tours and other detailed information about a rental home long before they ever step foot in the door. A simple, unedited video tour of your rental property can help you cut your pool of applicants and streamline the job of seeking your next suitable tenant.

Smart Locks, Keyless Entry, Video Monitoring

Smart technologies have come to be more widespread in single-family rental homes, from smart locks and keyless entry systems to video doorbells. The majority of tenants are attracted by the security that these features deliver; they also provide property owners with a simple approach to control access to the property and keep a watchful eye on things.

Process Management

Maybe the most crucial tech tool that every Layton property manager deserves is convenient, online process management software. These programs may assist in simplifying many important tasks, from exchanging documents to collecting rent payments, communicating with tenants, and tracking maintenance requests. Though a few unique process management software programs are available, most are pretty expensive.

 

A wonderful option to going it alone with your property management is to hire Real Property Management Northern Utah to do it for you. We deliver technology-enhanced process management software to our property owners, making property management a convenient and simple portion of owning investment properties. To understand more, contact us online.

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