How an online portal has made it easier for real estate investors?
The coronavirus pandemic has created a challenging environment for real estate investors, especially everyday folks looking to invest in rental properties. Stay-at-home orders resulted in a significant number of sellers pulling their listings, which has meant slim pickings for many would-be investors, but smart investors know how to sidestep these hurdles. It’s all about leveraging data to maximize your search. That’s where the Mashvisor comes in. Here are five reasons to give it a try:
- - It’s super-efficient
This handy tool analyzes nationwide real estate data so that investors are armed with knowledge when they begin their property hunt. Sit back on your own schedule and sort through relevant listings that are automated and optimized based on your unique needs.
- - It’s fast and user-friendly
It analyzes available rental property listings in real time, serving up a fresh variety of options right to your computer. Simply enter the city into the search bar and immediately get a snapshot of that area’s investment opportunities. It typically takes months to gather all the information needed to buy a rental property. Mashvisor condenses the process to about 15 minutes.
- - It sorts through the key points for you
Making the decision to buy a rental property is a big one. You’re putting your cash on the line, after all. It presents open listings that you can navigate at your own speed. When you hover over a listing, the most important buying points instantly pop up, from projected cash-on-cash return to cap rate. These details provide a snapshot of the returns you might expect from a property and the information you need to ultimately outperform the rental market.
- - You can filter your options based on your needs
When you begin your search in a large area, you’ll automatically see the number of available properties in each individual neighborhood. From there, you can zoom in further to compare specs based on any number of criteria. This includes median home price, traditional and Airbnb cash-on-cash return, Airbnb occupancy, and the optimum strategy suggested for a neighborhood.
- - You’re basing your research on the most reliable data
Mashvisor leans on reliable sources like Airbnb, Redfin, MLS, and others to gather its listing information. It then uses tried-and-true algorithms to make projections for areas throughout the country. That means you can rest easy knowing that your rental property research is based on the most accurate data. Investing in rental properties is a big step in growing your personal wealth.
Topics: Real Estate Investment, Online Portal
Work cited: StackComemrce, July 23, 2020
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