Investor · Lexington, SC · Member since 2018 · 779 posts · 501 votes
I have been searching online for mailing lists for commercial multi family properties and came across a site called “Reonomy”? Has anybody ever used them before? If not, who do you use other than ListSource?
Disclaimer: I am in NO way connected with Reonomy.
Real Estate Consultant · Global · Member since 2020 · 4 posts · 3 votes
6y
Reonomy is a great starting point to find commercial real estate property information, but owner contact information is not always accurate. We always conduct additional data mining to corroborate contact information that Reonomy provides, but it still saves time. Current pricing starts at $299 per month. We wrote a comprehensive review about Reonomy on our blog at KineticBridge.com
I have been searching online for mailing lists for commercial multi family properties and came across a site called “Reonomy”? Has anybody ever used them before? If not, who do you use other than ListSource?
Disclaimer: I am in NO way connected with Reonomy.
We looked into using Reonomy, but found that the records were not very accurate. For example, when trying to find data on new buyers of properties, the name and contact info is pulled from public record. Problem was, more often than not the name and contact was for the filer of the LLC who bought the property, which was a lawyer, or online LLC filing company. That was for commercial/multi-family buyers which are usually done under an llc.
Malibu, CA · Member since 2018 · 32 posts · 6 votes
8y
Met the founder of it a while ago at a conference. As with any of these new "data" platforms, it will take time to fulfill what they are advertising as a one stop shop. I used it a little bit but just like you found it not to be as complete data wise.
Reonomy works. By far more owner names, emails, addresses, verified and from pub records. No tool is perfect. This one is about 5 levels better than the old way of researching off CoreLogic, pub record, county webgis, etc. Just accelerates the search process. Even if info is not verified in some cases, provides enough clues to proceed farther with research and ultimately id the prospect. plus prop data, filter breadth, categories, notes, etc. all easy to use, functional, reasonable, great help desk, custom webinars, online u tube help. love it.
Investor · Morrisville, NC · Member since 2012 · 1k+ posts · 673 votes
8y
I have used reonomy.com (I'm not affiliated with it) and continue to use it. It is a little expensive to get a batch of owners information. However, It fills my needs for now.
Philadelphia, PA · Member since 2018 · 19 posts · 4 votes
8y
My experience with reonomy is good (and I'm also in no way affiliated with them). I think they're still in their infancy and face growing challenges. Their data is not very accurate, but you can make it work for you. And most of the information they provide is actually public record - you just have to know where to look to easily find it for free. That said, I haven't been able to find anyone better than them yet.
Real Estate Investor · Chicago, IL · Member since 2013 · 57 posts · 17 votes
7y
I used the free trial and found it beneficial in one case but the rest of my searches were a day late and short of the information, I needed. Even some of the comps were all over the place but, if you are just looking to get a start on areas of research for your investment needs its good. I just can't get with how they lock you into a yearly subscription and you can upgrade but can't downgrade at any time. It's pretty expensive and new so either your gonna roll with the "kinks" in the system for now or find better data elsewhere. MY $0.02 Happy Investing BP
Commercial Landlord · Riverview, FL · Member since 2014 · 3 posts · 3 votes
7y
With Reonomy you must commit to 1 year cannot cancel early. I found all data to be severely out of date or invalid. Stay away from this program. Easier to get data from public records and easy research online. Cheaper too!
I started using Reonomy about a month ago and have been impressed with the about information you can find on properties including contact information for owners (physical address, phone#, email address etc...) When doing direct mail campaigns, I am finding that some of the physical addresses are not accurate. However, there this is a good way to contact property owners. Pricing is $149 for 250 property information downloads per month. Not a bad price.
Investor · Longmont, CO · Member since 2016 · 13 posts · 3 votes
7y
We've used Reonomy in our storage business and found it to be excellent. We needed to get the contact details for owners of facilities and it saved us many hours of scraping data from other sources or buying lists for silly prices which still require you to cleanse the database or send out piles of pointless mailers.
I would recommend them, their customer service is excellent.
Lender · Homestead, FL · Member since 2016 · 3 posts · 3 votes
7y
Here is a link on fit small business with reviews. https://fitsmallbusiness.com/reviews/real-estate-software-reviews/Everyone loves it but some mention the inaccuracy of some of the data, depending on what industry you are search for data for. They are still new and honestly can the problem of every piece of data's accurate phone number or owners name be extracted by any data company??? I know of one other big one who has the same problem BUT the services these companies provide initially save you a lot of time of data compiling. Lists are expensive and not accurate . Not one person on any review across the web has mentioned any other source with mostly accurate data pulls on these digital platforms. So if you guys know of one, please mention it. So reonomy seems to be a great new program, depending or what data you need, your % of inaccurate data could be good or not so good but others still found a lot of value in the program. If you know how to do research the inaccurate info can be found for instance an LLC listed on a mtg can also be found listed under that businesses name with that states office that files the LLC name. It will have listed parties involved . Maybe there is only one name maybe not but the point is the information can be found, so info can really be found online if you know how to research. Check out reonomy's blog section. Current users...did you know they have a way to help you dig through the LLC findings within their software??? On one of their blogs, they mention exactly what I just told you about finding out who is under the LLC, so again if you know how to research then this may not be a problem if you don't then you need everything delivered to you and I totally understand. https://www.reonomy.com/blog/post/optimizing-property-owner-outreach reonomy has a nice article about commercial lead generation lots of good info on doing your own research https://www.reonomy.com/blog?search=Commercial+lead+generation so hire someone through upworks and have them do your data extraction. Lol that’s not cheap either but maybe .... maybe you will feel you have more control over accurate or inaccurate information . I don’t like that they lock you into a Subscription, but do the trial, make it worth the time and then decide but I honestly have yet to find any source digital platform or list that is wowingly accurate. Best way to do that seriously is to hire a data extractor from upworks.com. I thought about doing that myself 🙂 because I hate paying for information I have to sift through and research more on. Good luck...
Investor · New York City Fort Myers FL, Birmingham AL · Member since 2016 · 105 posts · 52 votes
7y
I met the CMO tonight at a meetup event in NYC where he was on a panel discussing growth & marketing strategies. He seemed like a nice guy and the way they are trying to go grow is interesting. The comments above seem to be mixed reviews and the pricing isn't conducive to single-investors. Based on what I heard it sounds like they are really targeting bigger RE companies and brokerages. Even if you look at their website it appears to highlight the companies vs. investors.
As someone coming from the tech world, the subscription pricing is really focused more on companies that can afford a high annual subscription for multiple users. They seemed positioned as a B2B company, not a B2C company. Sam the CMO also mentioned they compete against CoStar/LoopNet as a main competitor to put it in perspective.
We signed up for Reonomy about six months ago and have had nothing but success in identifying commercial property owners contact info. The searching and filters tools allow you to search by property type, location and several subsets of data. The Reonomy team has also been really helpful in understanding the best use and guidance for our prospecting initiatives. We would definitely recommend trying Reonomy as they are willing to work with you on a case by case basis pending your specific needs.
Realtor · Bangor, ME · Member since 2018 · 203 posts · 34 votes
7y
I'm using the free trial of Reonomy right now and I think it's wonderful. (Not affiliated with them.) I have used Reonomy for single address lookups and its amazing. It allows you to unlock this "TruOwner" feature where it basically skip traces the LLC and tells you who the owners are. Everything has been accurate that I've looked up. Seems like the cheapest package they have is $600, paid up front. Dang that seems high but if I had it I would pay it.
Real Estate Consultant · Global · Member since 2020 · 4 posts · 3 votes
6y
Reonomy is a great starting point to find commercial real estate property information, but owner contact information is not always accurate. We always conduct additional data mining to corroborate contact information that Reonomy provides, but it still saves time. Current pricing starts at $299 per month. We wrote a comprehensive review about Reonomy on our blog at KineticBridge.com
I tried using them before. They were too expensive for what I was doing and found they didn't have all the data in all markets. It was very lacking in the area I was trying to use it.