{"id":159621,"date":"2023-10-02T14:38:00","date_gmt":"2023-10-02T20:38:00","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=159621"},"modified":"2023-12-01T04:44:28","modified_gmt":"2023-12-01T11:44:28","slug":"four-ways-to-approach-real-estate-investing-online","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/four-ways-to-approach-real-estate-investing-online","title":{"rendered":"Four Ways to Approach Real Estate Investing Online"},"content":{"rendered":"\n\n      <iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC1124468921\" width=\"100%\"><\/iframe>\r\n  \n\n\n\n\n<p><span data-preserver-spaces=\"true\">Investing in real estate digitally can seem daunting at first. How can you use tech to build and curate your portfolio? Luckily, we\u2019ve outlined four easy ways you can integrate tech into your real estate business and use digital tools to invest in real estate.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1. <span data-preserver-spaces=\"true\">Look for Up-and-Coming Markets Online<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">When it comes to learning how to invest in real estate digitally, start off by learning your markets. Whether you\u2019re investing in-state or&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/how-to-manage-your-long-distance-investment-properties-using-technology\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">long-distance investing<\/span><\/a><span data-preserver-spaces=\"true\">, you\u2019ll want to understand the market you\u2019re investing in. To do this, start by researching areas you\u2019re interested in on sites like BiggerPockets and listing sites like Realtor.com and Zillow.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Then, you\u2019ll want to collect as much information as you can from these sites. From there, you can create a thorough&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/real-estate-investment-analysis\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">analysis<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;for investing in real estate digitally. This may include historical information on the property, popular property types, mortgage and rental prices in the area, current job market conditions, and neighborhood quality.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Additionally, ensure you\u2019re comfortable with all the details you\u2019ve covered in your research. If there\u2019s a nugget of information you always seek when checking out markets to invest in within your neck of the woods, make sure to cover that as well.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">2. Take Online and Virtual Tours of Properties<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">If you can\u2019t make the trip to visit a property you\u2019re interested in purchasing, a good alternative is taking a virtual tour of the home. This can give you a good initial idea of the condition of the property. Look for which amenities it has and what work might be needed to improve the marketability of the rental.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Of course, take virtual tours with a grain of salt. It is always possible to hire a person on the ground to visit the location for you and do a thorough investigation of the location. If you\u2019re using property management software like RentRedi, you can even hire a property manager and add them to your account for free so you can still oversee your business while they take care of on-the-ground matters.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Technology can ensure you\u2019ve done your due diligence when it comes to conducting an exploration of the property.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">3. <span data-preserver-spaces=\"true\">Use Social Media to Market Your Rentals<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">Once you\u2019ve settled on a property and made your purchase, it\u2019s time to&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/real-estate-marketing-strategies\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">market<\/span><\/a><span data-preserver-spaces=\"true\">&nbsp;the rental to potential tenants. This is key when you want to invest in real estate digitally.&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Of course, you\u2019ll want to post your listing to sites like Zillow and Realtor.com. However, don\u2019t underestimate the power of social media. Many applicants use sites like Facebook Marketplace and Craigslist to find their next homes, so be sure to post your vacancies there as well.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Then begins the vetting process. Fortunately, there are plenty of online application and tenant screening sites at your disposal. For example, in RentRedi\u2019s property management software, you get a prequalification, application, and full background check (credit, criminal, and eviction reports) that you can use to find qualified candidates.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">4. <span data-preserver-spaces=\"true\">Set Up Online Rent Collection<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">After you\u2019ve found a renter, it\u2019s time for rent collection. Online rent collection is no longer a hidden gem in the real estate investing world. If you want to invest in real estate digitally, offering online rent collection is a great way for tenants to pay rent and for you to collect it.<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Apps like RentRedi come with web and mobile apps for tenants so they can pay rent online or with their phones. Additionally, they can pay with ACH, card, or cash\u2014making it easier than ever to pay rent.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">How to Invest in Real Estate Digitally<\/span><\/h2>\n\n\n\n<p><span data-preserver-spaces=\"true\">If you\u2019re wondering how to invest in real estate digitally, wonder no more. With the use of technology, it\u2019s fairly easy to use online tools to navigate finding, purchasing, and managing rentals\u2014all online!&nbsp;<\/span><\/p>\n\n\n\n<p><span data-preserver-spaces=\"true\">Whether you\u2019re out of state or just down the road, property management software is great for the management portion of your rentals. You can collect rent online, screen tenants, list properties, sign leases, manage maintenance, add free teammate and property manager accounts, and more.<\/span><\/p>\n\n\n\n<div class=\"wp-block-group border border-gray-200 p-6 rounded-md has-slate-50-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n    \n  <div \n    id=\"segemnt-view-event-block_624f52525847f\" \n    class=\"  \"\n    x-intersect:enter.once=\"\n      analytics.track('RentRedi Blog Sponsor View', {\n        referrer: 'https:\/\/www.biggerpockets.com\/blog\/four-ways-to-approach-real-estate-investing-online',\n              })\n    \">\n    \n  <\/div>\n  \n\n\n<h3 class=\"wp-block-heading has-text-align-left mt-0\"><strong>This article is presented by RentRedi<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"450\" height=\"151\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/01\/rentredi_logo_300x100_black_e8flvm.png\" alt=\"rentredi logo\" class=\"wp-image-146440\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/01\/rentredi_logo_300x100_black_e8flvm.png 450w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/01\/rentredi_logo_300x100_black_e8flvm-300x101.png 300w\" sizes=\"auto, (max-width: 450px) 100vw, 450px\" \/><\/figure>\n\n\n\n<p>RentRedi is a modern, end-to-end property management software transforming the real estate and rental property industry.&nbsp;<\/p>\n\n\n\n<p>RentRedi provides over 15,000+ landlords with simple and effortless web and mobile apps for online rent collection, tenant screening, listings to Zillow and Realtor.com, signing leases, maintenance &amp; accounting management, and unlimited properties, tenants, and teammates<\/p>\n\n\n\n<p>For tenants, RentRedi\u2019s easy-to-use mobile app allows them to pay rent, set up auto-pay, report rent payments to TransUnion, prequalify &amp; sign leases, and submit maintenance requests.<\/p>\n\n\n\n<div id=button-custom-event-block_63c9a33918e17 class='button-custom-event'>\n      <a href=\"https:\/\/rentredi.com\/?utm_source=BiggerPockets&#038;utm_medium=admodule7.01.23&#038;utm_content=RentRedi\" x-on:click=\"window.analytics.track(&#039;Sponsored Blog CTA Click&#039;, {\n      referrer: &#039;https:\/\/www.biggerpockets.com\/blog\/four-ways-to-approach-real-estate-investing-online&#039;,\n    });\" class=\" btn-shape inline-block no-underline has-background has-theme-blue-background-color has-text-color has-white-color\" target=\"_blank\" rel=\"noopener\">Learn More About RentRedi<\/a>\n  <\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\"><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investing in real estate digitally can seem daunting at first. How can you use tech to build and curate your portfolio? Luckily, we\u2019ve outlined four easy ways you can integrate tech into your real estate business and use digital tools to invest in real estate.<\/p>\n","protected":false},"author":613641,"featured_media":158668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5524,7119],"tags":[],"class_list":["post-159621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-investing-for-beginners","category-biggerpockets-daily"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/159621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/613641"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=159621"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/159621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/158668"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=159621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=159621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=159621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}