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?
@Alex Bekeza what a great thread. I am hoping more people throw out some useful tools. My goal is to do 100% of my job on my phone, so I can do it from anywhere.
I probably use my camera app the most, but of course that came with the phone.
As far as downloaded apps, my most used app is Google Voice. My phone calls or texts can ring into multiple phones. It protects my personal phone number and allows me or other people to respond to requests. It is also linked to my business email account, so every text and voice mail is also received as an e-mail for record keeping. This app has been a game changer for managing the business.
Beyond that I use my scanning app to digitally capture documents, applications, receipts, etc. I use Onedrive as my online document share point. It comes with mobile Excel, which is what I use to capture all expenses. I also have Zillow Rentals to manage listings.
This is super simple, but Google Voice for self-managing investors. It helps us keep our work and personal lives separate and compartmentalize tenant conversations. It also protects our personal phone numbers and our sanity!
Hooked on Dropbox. We pay a subscription but approved team members can look at any info from any device. Can't live without Quickbooks and Excel but they're not really apps. Anyone who thinks they can huddle up and not work with emerging technologies needs to read "Augmented" by Brett King.
I have recently heard of an app called IFTTT, haven't really gotten to explore it, but it seems powerful. Would love to hear from anyone who is using it in their business and how they are doing so. Great thread!
@ Alex Bekeza I have an unconventional app that i love. Its a hunting app called Onxhunt but it is a typical GPS map that overlays tax data to give you name and address of owners. So if your driving for dollars and you see a property that catches your eye, you simply open the app click on the property and it will give you a name and current tax address for the owner. I have used this app many times to help me find information to contact owners and I have a great record actually getting in contact with absentee owners. I think it cost $30 or something like that for a year per state but it has certainly given me an edge.
Numbers is my go to app for keeping all of my spreadsheet info on my phone. It’s easy to use and syncs with all of my devices. I can even make charts. I use Dropbox for all of my computer docs & can view them on my phone, but Numbers lets me edit right on my phone.
Anyone know of something like this in the midwest?
I think PR is in expansion mode... at least I hope so.. when it expands I will buy all my mid west team members a subscription for Christmas presents and quit sending See's candy or other gift packs :)
@Christopher Madden Sounds like its worth it! I have a lot of great loan programs for multifamily/commercial property owners with deferred maintenance so I'm definitely looking into this one! Thanks!
@Joe Splitrock Thanks! I knew the BP crowd would come up with some good responses here. What scanning app do you use? I'd love to recommend a good free one to borrowers who don't have a scanner and would otherwise email me an upside down jpeg haha
I've been using IFTTT to automate lead generation for several months, since I heard about it, and it's awesome.
It's what basically allowed us to create an assembly line of creating & converting out bound leads on auto-pilot.
I mainly use it have leads go directly into Google sheets, then my VA goes into the shared folders to look up property owner's info. Once property info is all entered in, our skip tracer looks up phone #s.
For example, one lead source I use IFTTT on is, to look for motivated sellers on Craig's List. IFTTT scours Craig's List postings I've set keywords on, populates it into Google drive. Then my VA looks up owner's name/mailing address. Skip tracer will then look up phone #s.
You can even have an applet set up on IFTTT to call your phone, if you want to designate a specific task you want to differentiate from other projects.
I have about 40 applets set up on IFTTT for various lead sources.
@Joe Splitrock Thanks! I knew the BP crowd would come up with some good responses here. What scanning app do you use? I'd love to recommend a good free one to borrowers who don't have a scanner and would otherwise email me an upside down jpeg haha
I use Evernote Scannable which is fast good for multiple pages. You can e-mail right from the app in PDF format. In fact I just used this app to scan my taxes and bank statements to upload to my lenders website. It scans about as fast as you can turn the pages.
@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.
Yep as a developer, I have to say the phone app really is a huge miss and something they should be focusing in on a big way. It's the only way to future-proof the business CC: @Brandon Turner@Mindy Jensen
Has anyone compared MilesIQ to Everlance. I was using a Miles tracker that was associated with EverNote but its support was terminated a couple of years ago.
I then looked into various replacements. At the time Everlance was free and they claimed would always be free. They then started charging I believe the same amount as MilesIQ (manual is free; automated first 25/month free, monthly or annual fee for more than 25 or can continue to manually start the tracker). The fee pissed me off not because I cannot pay but because I chose Everlance because it was supposed to be fee free. I felt they should have continued their existing customer base on the free service that they advertised. Because it was free, I did not perform a thorough evaluation of the features versus the other mileage apps. I am now on the yearly fee.
The only feature that I wished it had was integration with Evernote. The maps also do not expand as well as the Evernote miles app did. Everlance is easy to use. it has various spreadsheet formats for reports.
I quite like Intuit Mint. I love being able to look at where all my finances are at a glance. It also makes it easier to pay bills since I can glance at Mint to see what all my bill totals are and then use my bank to pay them all at once instead of logging in to each bank account to read the latest total. It's also nice to see where my debt levels are at so that I'm more motivated to pay them down quickly :D
I have recently heard of an app called IFTTT, haven't really gotten to explore it, but it seems powerful. Would love to hear from anyone who is using it in their business and how they are doing so. Great thread!
IFTTT is amazing! I use it for everything from compiling every tweet I favorite into a google sheet, to controlling lights and other smart devices in my house. Highly recommended. The uses seem limitless and you don't have to be tech savvy to set up the applications.
Yes, @Alex Bekeza - thanks for asking! I really like this question! I am looking forward to reading about RE investors’ top picks of the most useful mobile apps as well as desktop software programs. By the way, @Brandon Turner, I would really enjoy seeing a podcast of BiggerPockets’ “RE Tech Top 10” or “RE Tech Top 20” most useful software applications, websites and/or mobile apps!!