REI Kit Pro Real Estate Software

10 Replies

Disclosure: I'm the founder of REI/kit

Hey there, 

@La'Keita, we are not actually affiliated with Zillow.  Our free side uses the Zillow API for demonstration purposes only, however our premium side uses our premium source of comps that offers way more than what you can get with Zillow, and far more accurate.  

There's a lot of cheap house flipping software out there all of which (because their pricing) they all without exception use the Zillow API and in so doing they will do a very poor job of coming up good comps for you, and your valuation is going to be a crapshoot at best.  

Another distinction is that the Zillow API is not the same data that you will get on Zillow.  It is a far smaller and more inaccurate data set that Zillow itself is required to limit due to their data sharing agreements.

This is why we stopped using the Zillow API on the premium side and why on the free side we have an add your own comps section, so that you can augment your analysis with better comps. 

You can tell cheap software if it's coming up with comps for you for under $50 for an unlimited number of comps.  They might have other things going for them, but if you're using them for comps or valuation then your entire analysis is going to be severely flawed.   

@James Williams I've seen a number of reviews about us on this forum which you should be able to find using the search functionality.  I'm also happy to answer any questions directly.

Disclosure: I'm the founder of REI/kit

Thanks, I completely understand how you would reach that conclusion.  

We are required to post that specific "Provided by Zillow" logo wherever we show their comps.  Their logo is only however related to line 1 of our disclaimers.  The site itself is not provided or related to them in any way.  

Disclosure: I'm the founder of REI/kit

@Joseph Shaw

I'm a big believer in the DRY principle (don't repeat yourself), and so I use quickbooks and only quickbooks for all of my cost accounting and cost tracking and reporting. REI/kit does not integrate with quickbooks because currently it's primary use case is pre-purchase: to market to motivated sellers with investor websites, then to perform extensive due diligence on those deals ensuring that you don't get yourself into a bad situation, and then market those deals for funding or resale.

Post purchase, I would recommend you use Buildertrend to manage your project which does integrate with quickbooks and helps you maintain your costs across projects.  

But if you were on a budget then at a minimum just use quickbooks.  A great book to help you navigate how to set quickbooks up that is still relevant is "Contractor's Guide to Quickbooks 2015" Yes, 2015, but it's still quite good.  

If I'm not mistaken, if you buy @J Scott's book on estimating rehab costs I believe one of the free goodies is a chart of accounts that you can use to get started.  You'll have to check  with him.

Originally posted by @Kuba F. :

Hey there, 

@La'Keita, we are not actually affiliated with Zillow.  Our free side uses the Zillow API for demonstration purposes only, however our premium side uses our premium source of comps that offers way more than what you can get with Zillow, and far more accurate.  

There's a lot of cheap house flipping software out there all of which (because their pricing) they all without exception use the Zillow API and in so doing they will do a very poor job of coming up good comps for you, and your valuation is going to be a crapshoot at best.  

Another distinction is that the Zillow API is not the same data that you will get on Zillow.  It is a far smaller and more inaccurate data set that Zillow itself is required to limit due to their data sharing agreements.

This is why we stopped using the Zillow API on the premium side and why on the free side we have an add your own comps section, so that you can augment your analysis with better comps. 

You can tell cheap software if it's coming up with comps for you for under $50 for an unlimited number of comps.  They might have other things going for them, but if you're using them for comps or valuation then your entire analysis is going to be severely flawed.   

@James Williams I've seen a number of reviews about us on this forum which you should be able to find using the search functionality.  I'm also happy to answer any questions directly.

 

Disclosure: I'm the founder of REI/kit

@Yosef Katz

I've been in a number of threads thanking people for their kind words, the problem is I can't find them with BP search because we have a slash in our name so it pulls up thousands of pages with the term REI.

Here's one I did find: https://www.biggerpockets.com/forums/86/topics/658998-has-anyone-used-the-reikit-software

Additionally most of our reviews are on our review site: https://www.g2.com/products/reikit-house-flipping-software/reviews

BTW, most people who solicit reviews for their software pay for reviews, and I'm proud to say that none of our reviews are paid and are from actual customers.

Cheers!

Kuba

because we have a slash in our name so it pulls up thousands of pages with the term REI.

Got it! I was wondering why such a great site  and I could find zero on BP!