the MUST HAVE app? Whats the biggest game changer?

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the MUST HAVE app? Whats the biggest game changer?

Alex BekezaBusiness Member
Lender · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes

Every article you read about real estate investing trends makes some mention to emerging technology and its potential impact for REI. So my question for the BP community is this.

If there was ONE app every real estate investor absolutely HAS to have, what would it be?

Or which app has made the biggest difference for you as an RE investor this year?

All the best,

Alex Bekeza

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Mindy JensenPro Member
BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
8y
Originally posted by @Caleb Heimsoth:

It’s gotta be bigger pockets. Ha

We're working on it... (I've seen the new app. It's 12,000% better than the current one.) 

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26Reply
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  • Mike CumbieBusiness Member
    REALTOR® · Brockport, NY · Member since 2015 · 3k+ posts · 4k+ votes
    8y

    HI @Alex Bekeza

    Personally I like MileIQ. Just the difference between what I was trying to map out after the fact and having it auto tracked has turned into hundreds a month, while using less effort. Just swipe right for business.

    12Reply
  • Alex BekezaBusiness Member
    OP
    Lender · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
    8y

    @Mike Cumbie  Just read the synopsis, this looks awesome!  This could be super useful for anyone who could potentially write off their driving expenses.  Thanks!  

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  • Robert T.
    Investor · Cameron Park, CA · Member since 2015 · 64 posts · 72 votes
    8y

    Okay, for having formerly worked in the Silicone Valley, I'm still pretty old school.  I think everyone should master MS Excel and learn the basic Financial functions.  Some people use financial calculators (I have two of them) but I still think Excel is easier and more flexible.  I also think Quickbooks is invaluable for me.  I do all of my accounting in QB - John Hyre has a course you can buy on QB for investors which is really basic if you're already familiar with QB, but I like how he keeps it simple. As a lender, you may also consider looking at T-Value.  It does amortization tables quickly and easily, and also allows you to calculate graduated principle payment mortgages if you are doing creative financing.  Having said that, I wouldn't over complicate your life by buying expensive apps or programs. 

    8Reply
  • Caleb Heimsoth
    Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes
    8y
    It’s gotta be bigger pockets. Ha
    12Reply
  • Alex BekezaBusiness Member
    OP
    Lender · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
    8y

    @Robert T. Agreed! You're a dead duck in almost any REI related category if you don't have at least an elementary knowledge of EXCEL. I'm going to look into T-Value but agree that I wouldn't pay a cent unless it really helped me be more efficient for my clients.

    New Laker Lebron James ($154 million contract) has famously refused to upgrade out of the free version of Pandora haha and never pays for an app (he's also very active in REI and now has 2 $20mil plus properties in Brentwood, CA)

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    4Reply
  • Alex BekezaBusiness Member
    OP
    Lender · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
    8y

    @Caleb Heimsoth  Bigger Pockets is a must have haha but I must admit the browser version is 1000 X better.  I don't use the BP app unless I get a private message while I'm on the run.

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  • Anthony Angotti
    Real Estate Agent · Pittsburgh, PA · Member since 2015 · 1k+ posts · 846 votes
    8y

    @Alex Bekeza as an agent I like my RPR app. Gives a lot of data in one place. 

    In PA we have an app for the public criminal record search. So I have that for when I'm leasing because I can look up what's public and committed in PA on the spot. I think it's called PAeDocket.

    I also use a project management app called asana so I have that on there in addition to my CRM app for contactually. 

    1Reply
  • Michael Quarles
    Flipper/Rehabber · Bakersfield, CA · Member since 2008 · 3k+ posts · 3k+ votes
    8y

    For me CallText.com 

    1Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    8y

    without a doubt Property Radar  although not free worth every penny.. 

    I just learned about Whats app and I like the voice function since I refuse to look at respond or answer text messages

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    5Reply
  • Alex BekezaBusiness Member
    OP
    Lender · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
    8y

    @Michael Quarles  Whats your favorite feature of CallText?

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    0Reply
  • Michael Quarles
    Flipper/Rehabber · Bakersfield, CA · Member since 2008 · 3k+ posts · 3k+ votes
    8y

    I am too biased...

    phones, text, email, chat and all in a CRM

    1Reply
  • Alex BekezaBusiness Member
    OP
    Lender · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
    8y

    @Anthony Angotti  that PAedocket app seems really cool.  I haven't seen a similar one in CA even though PAedocket has been around for a few years now it looks like.  Any good stories of things you've found on there without mentioning names lol?

    I once googled a potential borrower who I quickly discovered had been arrested a few years prior for stealing 40 cattle in the rural midwest lol

    [email protected]818-606-8823
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    0Reply
  • Alex BekezaBusiness Member
    OP
    Lender · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
    8y

    @Jay Hinrichs  this is the first time I've looked into Property Radar but definitely looks interesting.. I've book marked it to dive into later.  

    I also had a foreign investor who I was in touch with but after a while had to request we not spend any more time on the phone until he had something under contract because of the phone rates...... just realized Whatsapp would have been a great solution...

    [email protected]818-606-8823
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    1Reply
  • Ryan Mullin
    Real Estate Broker · Indianapolis, IN · Member since 2009 · 575 posts · 496 votes
    8y

    Property radar is only west coast :(   

    Anyone know of something like this in the midwest?  

    0Reply
  • Michael Doherty
    Real Estate Agent · West Hartford, CT · Member since 2016 · 449 posts · 476 votes
    8y

    @Alex Bekeza I use Venmo for collecting rent. Has worked pretty seamlessly for me so far. 

    1Reply
  • Amit P.
    Ooltewah, TN · Member since 2017 · 75 posts · 38 votes
    8y
    Google Keep or any app which saves notes to the cloud so you can access anytime. Good way to keep track of random thought, to do lists etc. Anytime I need to take a note it will be syncd and I won't forget! You can even add other collaborators on it.
    3Reply
  • Account Closed
    Tax CPA · Charlotte, NC · Member since 2014 · 215 posts · 186 votes
    8y

    @Alex Bekeza OneNote. A lot of features to save not only notes but quickly insert an audio clip or online news article, which can be searched.  

    1Reply
  • Mindy JensenPro Member
    BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
    8y
    Originally posted by @Caleb Heimsoth:

    It’s gotta be bigger pockets. Ha

    We're working on it... (I've seen the new app. It's 12,000% better than the current one.) 

    [email protected]Podcast Guest on Show #261
    BiggerPockets
    26Reply
  • Caleb Heimsoth
    Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes
    8y

    @Mindy Jensen got an official release date ?

    0Reply
  • Mindy JensenPro Member
    BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
    8y

    @Caleb Heimsoth , Not yet, but you can bet I'm going to SHOUT about it in the forums when it's live!

    [email protected]Podcast Guest on Show #261
    BiggerPockets
    10Reply
  • Abraham Anderson
    Investor · Sevierville, TN · Member since 2015 · 121 posts · 674 votes
    8y

    Evernote for note taking, Google Calendar for scheduling events, TenantCloud is good for a free property management software. 

    A less well known app that I use a lot is CallNotesPro for Android. When on a phone call, it shows a little pop-up note linked to that phone #, i.e. "Bill owes me $50", or with companies "Hit option 4, option 2 for a human".

    4Reply
  • Cory BinsfieldPro Member
    Financial Advisor · Duluth, MN · Member since 2012 · 157 posts · 194 votes
    8y

    I use Power One all the time. It’s the best financial calculator I’ve found for running amortization schedules, time value of money and total return calculations. You can also download other functions for engineering, construction, etc. It’s my “go to ap” on my iPhone. 

    Another iPhone product I use is Property Evaluator Pro from realestatetools.com  They have a suite of tools for the iPad and iPhone similar to the Bigger Pockets deal evaluator. My banker loves it since I send him a deal package and he e-mails the pdf to underwriting.  I feel it helps me obtain financing quicker than other investors. It’s all about the presentation. 

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    4Reply
  • Billy Linn
    Investor · Green River, WY · Member since 2017 · 122 posts · 59 votes
    8y

    Google tools have been really useful for us. Sheets for keeping track of finances, Docs for creating documents, Drive for storing documents, and Photos for keeping track of photos. They do the job pretty well for being free but I'd really like to have something more unified and that has better organizing capabilities. I almost have a system that's good enough to replace them all. 

    1Reply
  • Matthew Olszak
    Real Estate Broker · Chicago, IL · Member since 2015 · 1k+ posts · 2k+ votes
    8y

    I second MileIQ big time.

    Also WhatsApp and WeChat.

    The docusign app is useful too but not life changing.

    1Reply
  • William BrownPro Member
    Wholesaler · Los Angeles, CA · Member since 2016 · 276 posts · 181 votes
    8y

    CallRail!

    It doesn't matter if you have a million leads coming in but can't track and manage them. This is a must have. If you are using google voice, or even your own cell phone I would make a not-so-bold prediction here and say you probably aren't having the current level of success you aspire to. Because as soon as the pipeline fills this business is more about organization and work flow. If leads are falling through the cracks, and you know they are, you don't increase the marketing until you have the systems in place.

    You don't fix a hole in a dam with more water! Seriously, for inbound OR outbound calls, get this app. 

    [email protected]310-919-0587Podcast Guest on Show #371
    3Reply
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