where can i get multi family cold calling list? 16-50 units?

Question

what are some good businesses where i can purchase a list? im on google and cant find anything besides reonomy

Louis Davis · Answer

@Frank Bonzai If you have built relationships with title and escrow companies here in Vegas, you can ask the escrow manager to compile this list for you and they will do it for free. If you don't know any escrow managers, time to get to know them. They do lists like these all day long at no costs.

Hope that helps,

Louis

Hope that helps,

Louis

Ryan Vienneau · Answer

@Frank Bonzai Costar definitely has off-market properties, but I actually wound up going with Reonomy, mainly because their less pricey option includes debt info, whereas with Costar you would need to upgrade to get that.  Hopefully made the right decision because I'm stuck with them for a year now.

Ryan Vienneau · Answer

@Frank Bonzai I just went throught the same exact situation in Albany NY market, I'm also looking for a 20-50 unit here and demo'd Costar and Reonomy last week.  Listsource's data just isn't robust enough to do what I need (doesn't give units on most properties, doesn't have true owner info, etc.).  Both platforms offered a $200-ish/mo and $400-ish/mo package for my market, and both appear to provide pretty insanely detailed info, and both require an annual membership.  Both of the cheaper packages give you everything you could ever want to know about any property in your market, on or off market.  The pricier packages give you more access to analytics, reports, comps, etc., but at the moment I'm leaning heavily toward Costar just because they're THE name in this space.

Sean OToole · Answer

@Frank Bonzai, Costar has multiple products, you likely need to call and talk to someone. Expensive.

Listsource does not offer phone numbers.

What didn't work for you with ProspectNow?

I just did a quick search and found 257 properties zoned apartment, with 16-50 units in the City of Las Vegas. As is typical, most are held in LLC or partnership names, which makes phone numbers very difficult without some additional work to find the name of the principal of that LLC, and then their number. Looking at our data we only had phone numbers for 11 of the 257 for that reason, whereas for single family the match rate is typically 70-80%.

One thing to keep in mind is that any service provider is only going to be as good as the underlying data. A lot of investors looking for multi-family run into problems not because of the service provider, but because the data at the county is poor to start with. That they had 257 properties coded both as apartments, and with units data shows that Vegas is better than most counties in populating this data, but you may still find that is an incomplete list. There are ways around that when it happens - basically compare some apartments that you are familiar with, against the county data, and find criteria that is unique to those properties that you can use to find all of them. For example in one county they didn't record units or beds on apartments, but they did record baths. So I was able to use baths as a proxy for units to find all the apartments of a certain size.

Hope that helps.

Ryan Vienneau · Answer

Just signed up this week, seems ok so far.  Looking at 16+ unit properties that haven't sold in over 5 yrs.

Frank Bonzai · Answer

@Ryan Vienneau

how long have you been using reonomy?  What kind of search criteria are you using?

Frank Bonzai · Answer

@Sean OToole when i look for multis in TX they say that my county doesnt collect the number of units for that apartment, so i cannot narrow my search down. They were offering me all different types of commercial properties from stores to apartment buildings.

@Ryan Vienneau Only thing i could find on Costar is already listed properties. I could not find any off market properties, but i will have to speak with someone and check again.  Reonomy is the only one that seems to work but its pricey. I may have to just go for it though

Frank Bonzai · Answer

It seems like Costar only has properties already On the market.  Do they offer Off market?

Also, listsource offers phone #s?

Chase Louderback · Answer

Costar, listsource and local tax records.  Depending on your area, list source and the tax records can be a pain to comb through.

where can i get multi family cold calling list? 16-50 units?

Most Popular Reply