Skip to Content

Get a FREE assessment of your rental property. Start here!

Get a FREE assessment of your rental property. Start here!

Top Tech Tools Every Rental Property Investor Should Know

La Verkin Real Estate Investor at a LaptopAs technology continues to advance, the business of investing in La Verkin rental real estate evolves with it. While a handful of landlords may stick to outdated ways of doing things, it is much more lucrative and efficient for most rental property investors to use some or all of today’s top tech tools for real estate.

There are so many innovative tech tools currently offered that you could quickly optimize every aspect of buying and owning single-family rental homes. From property searches to leasing and everything in between, here are some of the tech tools that real estate investors of all kinds should be aware of.

A.I. Real Estate Apps

When you utilize machine-learning real estate search applications, laborious property searches are a thing of the past. Based on artificial intelligence (A.I.) principles, these real estate apps offer users customized recommendations based on their interests and past searches. Compass, one of the most successful apps, is used by over 14,000 real estate agents to look for and sell properties nationwide.

Data Analysis

Another wonderful tech tool for rental property investors is data analytical tools. These tools will collect data at several levels, from national trends to your local market to each rental property you own. With this understanding, you can easily draw some conclusions and, at the same time, track emerging patterns to assist you in determining where to go for your next profitable investment.

Social Media

You are wasting an opportunity if you haven’t already harnessed the power of social media to help you find, buy, and manage your rental properties. You can market your properties using multiple social media platforms, chat with other rental property owners and sellers, and build an online presence and reputation. All of these factors are important in building a successful real estate portfolio.

Virtual Tours

By creating and giving virtual tours online, you can remove one of the most time-consuming phases of leasing rental properties. Young adult renters, in particular, have learned to anticipate virtual tours and other detailed information about a rental home long before they ever step foot in the door. A short, unedited video tour of your rental property can help you limit your pool of applicants and streamline the process of finding your next desirable tenant.

Smart Locks, Keyless Entry, Video Monitoring

Smart technologies such as smart locks and keyless entry systems to video doorbells are becoming more common in single-family rental homes. Many tenants are attracted to the security these features give; they also provide property owners with an effective way to control access to the property and keep a watchful eye on things.

Process Management

The most vital tech tool that every La Verkin property manager desires are convenient, online process management software. These programs may help streamline a variety of crucial tasks, from exchanging documents to collecting rent payments, communicating with tenants, and tracking maintenance requests. Though there are numerous process management software programs available, most of them are rather pricey.

 

A good alternative to going it alone with your property management is to hire Real Property Management Southern Utah to do it for you. We deliver technology-enhanced process management software to our property owners, making property management a simple and effective part of owning investment properties. To learn more, contact us online.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.