But what’s the best way to find rental property for sale? In 2020, the answer to this question is AI – Artificial Intelligence.
Artificial intelligence in real estate is nothing new but it has yet to really become mainstream. Not every real estate investor in the US housing market is taking advantage of AI and this is part of what makes it the best investment property search tool. You’ll have a kind of edge in the real estate market.
Let’s take a closer look at this real estate technology so you can start using it for finding rental property for sale today.
AI in Real Estate – The Ultimate Real Estate Investment Tool
If you’re not familiar with the term, artificial intelligence refers to a kind of computer science that centers around the development of intelligent machines. These machines are able to carry out tasks that usually require human intelligence. Tasks such as decision-making, problem-solving, analysis, learning, and more can now be done by a computer. And typically, it can be done faster and more accurately, depending on what machines you’re dealing with.
When it comes to finding rental properties, AI is the ultimate real estate investment tool. Even if you haven’t officially started your investment property search yet, you may have an idea of what it requires- physically searching for property for sale and spending countless hours performing calculations and analyzing each one. In the past, this was the only way to find the best real estate deals on rental property for sale. And if you made a mistake or spent time looking at a bad deal, you would have to start all over again.
But with the advent of online platforms that utilize advanced machine-learning algorithms and predictive analytics, you no longer have to spend months looking for and researching one rental property. You can now open your browser, set a few filters, and start looking at homes for sale to invest in.
And the best property search tools for investors will use AI technology to present you with a reliable, auto-generated real estate analysis. This way, if you’re using the right tools, you’ll find a high return on investment property in a matter of minutes.
Related: Using Predictive Analytics Makes Real Estate Investors Rich
How to Find Rental Property for Sale Using AI
Are you ready to get your hands on the AI technology that will take your real estate career to the next level? The best real estate analytics platform available today that utilizes AI machine-learning algorithms and predictive analytics is Mashvisor.
While there are a lot of different features available on Mashvisor that will help you find and analyze investment property for sale, one tool stands out and that’s the Rental Property Finder.
The Rental Property Finder
Once you understand the power of the Rental Property Finder, you’ll realize that we’re not just making bold claims when we say Mashvisor is the best real estate analytics platform.
First, you can actually access the Rental Property Finder with a Free Mashvisor Account. And while you won’t be able to test out its full capabilities, you will get a good idea of how to find rental property for sale using this tool.
Next, you will have to enter your location of choice for real estate investing. Depending on your plan with Mashvisor, you may be able to enter multiple cities at once. The AI will work to pull the top-performing rental income properties for sale across the different cities- those with the highest cash on cash return.
For example, if you couldn’t decide between investing in the Phoenix real estate market where you live and investing out of state in the Nashville real estate market, the Rental Property Finder will show you which housing market currently has rental property for sale with a higher return on investment:
As you can see from the image above, the Rental Property Finder shows that the top 3 traditional investment properties are found in Phoenix. This way, you can quickly narrow down your list of the best places to invest in real estate.
Besides setting filters for location, you can also set filters for:
Miles
If you have a very specific location in mind for investing in real estate, like if you’re looking for rental property close to home, you can set the Miles filter. This way, the AI will only show you homes for sale in the area of your choice.
Budget
Even if you can find a rental that promises a 20% return on investment, what good is it to you if it is out of your budget? Set the Budget filter so that the Rental Property Finder will only show you the best rental properties that you can actually afford to buy.
Related: 2 New Ways to Find Cheap Investment Property for Sale
Rental Strategy
Are you a Traditional or Airbnb investor? You can narrow down your rental property search to show you either the top-performing Airbnb properties for sale with a high ROI or the traditional ones. That’s because this unique tool uses both Traditional and Airbnb analytics to cater to all types of real estate investors.
Type of Property
Using the Rental Property Finder, you can search for single family or multi family homes for sale, condos, coops, and more. Set the filter and see only high cap rate properties of a specific type.
Related: Here’s the Fastest Way to Find High Cap Rate Multi Family Real Estate for Sale
Number of Bedrooms/Bathrooms
If you have a preference for the number of bedrooms and bathrooms or want to rent out multiple rooms to generate a higher rental income, then use these filters to only see the rental property for sale that fit your criteria.
What You Get
As mentioned, what you’ll get is a list of the properties for sale with the highest return on investment in the location of your choice. And with AI, it’s only a matter of the time that it takes to set a few filters.
The next step is to continue to use artificial intelligence to analyze any rental property for sale of your choice using the Rental Property Calculator.
Start Looking for Rental Properties Using AI Today
If you have yet to incorporate this kind of technology into your investment property search, it’s never too late. Start your 14-Day free trial with Mashvisor today to fully test out the Rental Property Finder.