In the world of real estate investing, one of the hardest tasks is to find a property that will be profitable. Where do you even start looking? To help make the property search easier for investors, platforms like PropertyRadar are available for everyone to use.
You can scroll through thousands of available properties on local listing sites, but just because a property is available doesn’t mean it will be good for investment. Finding the best property for making money in real estate can be tricky.
PropertyRadar and similar websites can be an investor’s best friend, as they help determine how profitable a location can be. In order to help make the best investment decisions, one must trust the website they are using. So, how reliable really is PropertyRadar?
In this article, we will look at what makes a real estate investing platform trustworthy. As making money on your investment is key, you need to ensure all tools provide the most accurate data. Continue reading to learn more about PropertyRadar and other options that may be more beneficial to your property search.
What is PropertyRadar?
Before we can understand how reliable PropertyRadar is, we must look at what exactly they do. PropertyRadar is a real estate software that specializes in property search. It is mainly created for and used by people familiar with the real estate industry, such as real estate agents, investors, wholesalers, and brokers.
To create its property search platform, the company uses public record information about properties. It lets users search through properties for investing or purchasing. Through its real estate app, PropertyRadar allows users to save properties and create lists to get special notifications on their viewed items. They provide real estate apps for both IOS and Android users.
A subscription is needed to access all of PropertyRadar’s services and tools.
What Are the Features of PropertyRadar?
Though PropertyRadar is mainly used for one service, locating potential investment properties, it comes with several features within that one service.
Activity Dashboard
PropertyRadar’s activity dashboard is basically the main page of its website. Here, users can search through possible investment properties and access additional real estate information. Users can select exactly what they are looking for on the dashboard. Below are some of the options available to users:
- Discover
- Property Lookups
- Lists
- Foreclosure and Transfer Search
- Property Search
Management Options
PropertyRadar offers a few management options to users: Contract, Lead, and Campaign. Though each is slightly different, the different options essentially allow you to manage all things related to your property search.
Contract Management: The Contact Management tool functions as a basic property search management. It lets users build a list of potential properties and access owner information about the homes they are interested in. The tool enables them to contact homeowners if they want to pursue a deal.
Lead Management: The Lead Management option lets users keep in touch with the properties they are very interested in. It also provides an option to integrate their lists to third-party CRMs (customer relationship management).
Campaign Management: The Campaign Management feature lets users start a marketing campaign with the intention to target potential customers or people interested in a property.
Analytics
PropertyRadar offers its users some data regarding their lists of potential properties. The reports can be downloaded or shared with others.
Marketing Options
PropertyRadar allows you to integrate marketing tools with your saved lists. It includes email marketing and marketing automation. The platform also integrates with several email marketing services that can allow you to reach your target audience.
Skip Tracing
Skip tracing lets the people who are interested in a property find the owners of that property. It provides them with information, such as the property owner’s email address or phone number, so they can get in contact with them to discuss a deal or ask any questions.
Transaction History and Title Search
The above feature allows users to view important information on a property they are interested in, such as the mortgage, deed, or other official documentation of the house. It helps eliminate risk when purchasing an investment property.
How Much Does PropertyRadar Cost?
Any investor knows that you need to keep track of every penny spent when trying to make a profit. Even if the cost is insignificant compared to other aspects of real estate investing, small costs can add up. If you’re looking for a service to help your property search and are considering PropertyRadar, you need to be aware of the costs of using the software. The company offers three plans that users can purchase to access their services: Essential, Complete, and Custom.
Essential is their cheapest option, costing around $59 per month. It is PropertyRadar’s most basic plan, which means you will not be able to access every service they offer. Be aware to check exactly what services are included in their Essential plan.
The next option is the Complete plan. It costs users $99 per month and gives full access to all available services and tools.
The last plan they offer is the Custom option. It allows users to email a PropertyRadar representative, who will create a plan that works for them. The cost can fluctuate depending on how many services the user wants to be able to access.
Each of the plans comes with a 3-day free trial, as well as savings options if you register with an annual prepay.
PropertyRadar Reviews
PropertyRadar reviews are pretty mixed. Some users are happy with their property search using the app, while others are quite frustrated with its price. Users say only in the Complete plan does the app actually offer enough services to find an investment property. Others say the plans change frequently, and services that used to be included in one area are no longer in that plan. Always do your own research before paying for a website that you intend to use for your investment venture.
Is PropertyRadar Worth It?
PropertyRadar is a software that helps real estate professionals locate available properties; that’s basically it. Though that is an important aspect of real estate investing, there is much more that needs to be considered than just finding an available property. Wouldn’t it be nice if there was a website that could help you with everything you need to know about real estate investing?
Continue reading to learn about an alternative to PropertyRadar that may be more beneficial to you.
What is Mashvisor?
Mashvisor is an investing website that helps you with all aspects of making money in real estate. We offer many tools and services that can make your investment journey much easier. We use predictive real estate data to provide our users with accurate and reliable information regarding their potential investments. Such data is essential when trying to determine if your location offers the potential to make a profit.
We offer plenty of tools and services to guide our users to the best investment property. Unlike PropertyRadar, we offer different tools for your different needs, not just a property search tool. All of our services provide you with data for both Airbnb properties and traditional ones, allowing you to make a comparison as to what your best investment strategy can be. Despite your experience, we all ask ourselves at some point, “How to invest in real estate“? Mashvisor is here to help you answer the question.
What Tools Does Mashvisor Offer?
We provide different kinds of tools and services to our users to ensure they are making the best real estate investing decisions. Below are just a few of our most popular tools:
Property Finder
Similar to PropertyRadar, we also offer a property search tool. Our Property Finder tool helps you locate available investment properties in any location across the U.S. Finding a property that is listed is not enough in real estate investing; how do you know it will be profitable? We provide you with all necessary property data when you use our Property Finder tool.
We also offer our users filters in the tool so they can only look at properties that fit their wants and needs. It will be a waste of time scrolling through every property available in an area if none of them fits your budget. Below are the filters offered to narrow down your property search:
- Budget
- Location (You can search through multiple cities at once)
- Property Type
- Rental Strategy
- Number of Bedrooms
- Number of Bathrooms
Our Property Finder tool is the best real estate search tool available to investors.
Mashvisor’s Property Finder tool comes with several filters that real estate investors can use to find their desired property type.
Real Estate Heatmap
Before you even can start your property search, you need to make sure your city is a profitable area. We created the Real Estate Heatmap to help you locate good investment neighborhoods nationwide. In order to determine how profitable an area can be, we provide accurate real estate metrics like:
- Median Property Price
- Traditional Rental Income
- Traditional Cash on Cash Return
- Airbnb Rental Income
- Airbnb Cash on Cash Return
- Airbnb Occupancy Rate
The above data is essential when conducting your real estate property search.
Investment Property Calculator
Mashvisor’s Investment Property tool, also known as the Airbnb Calculator, helps determine how much money your property can make. We use the most recent data to conduct an Airbnb analysis that offers helpful insights into your investment decisions. The tool lets you put in your own numbers to ensure the data is most accurate for you. Here are some of the metrics the Investment Property Calculator provides:
- Rental Income
- Cash Flow
- Cash on Cash Return
- Cap Rate
- Occupancy Rate
The Airbnb Calculator tool also provides a comprehensive rental strategy. The tool compares how your property would perform as an Airbnb rental or as a traditional rental. It helps you determine the best investment strategies to make the most money. The tool also doubles as a cap rate calculator.
Where Does Mashvisor Get Its Data From?
Our goal is to provide you with the most reliable and accurate data that helps to make your investment decisions. Mashvisor only takes data from trustworthy sources like Airbnb, Zillow, and the MLS. The data is then run through our algorithms to ensure it is trustworthy.
Being able to access up-to-date and valid data is essential in real estate investing. The goal of investors is to generate a profit and a positive cash flow. If you make your decisions based on inaccurate data, your property investment will likely fail. We only want the most success for our users; therefore, we provide the best real estate data.
How Much Does Mashvisor Cost?
Budgeting for all costs in your real estate investment journey is key to making a profit in the end. We recognize our users want the most for their money, so we offer three different options to use our tools and services.
1. Lite Plan
Lite is our most basic plan that will cost users $17.99 a month. We recommend the Lite Plan for people looking to access our tools to analyze individual properties. Not every tool is included here, but the Lite Plan can be your best option if you only need data on certain properties.
2. Standard Plan
Standard is the second option that we recommend for users who are looking for investment opportunities. The plan will cost $49.99 a month but includes access to many more tools than the Lite Plan.
3. Professional Plan
Our last option available to users is the Professional Plan. We recommend it to users looking to access all of our tools and services. The plan is perfect for an investor or agent who intends to do bulk research and client management. The Professional Plan will cost $74.99 a month but gives full access to everything Mashvisor offers.
PropertyRadar vs Mashvisor? Which Is Better?
In this article, we’ve looked at two different real estate investing platforms: PropertyRadar and Mashvisor. Though PropertyRadar offers a decent tool for finding available properties, it is basically the only service they provide. This single service will cost $99 for full access.
Mashvisor offers everything an investor would need to make the best investment decisions. We offer a Property Finder tool, an Investment Property Calculator, a Real Estate Heatmap, and many more. Our Professional Plan costs only $74.99 per month for full access to all our tools and services.
Investing in real estate can be tricky. Whether you’re looking for an Airbnb or a duplex for sale, you must access reliable data to back up your investing decision. Mashvisor offers the most trustworthy real estate data. To access our real estate investment tools, click here to sign up for a 7-day free trial of Mashvisor today, followed by 15% off for life.