The advent of high-end tech has brought about a lot of interesting developments in the world of real estate investing. More specifically, the latest AI technology and machine learning algorithms have completely changed the way real estate investors approach the housing market. In fact, the real estate investment tools and online platforms that employ AI have streamlined the process of finding and analyzing rental properties for sale. So what are the ins and outs of artificial intelligence in real estate? And how can a real estate investor leverage it to find rental property for sale in 2020?
This article will show you how to find rental property for sale using the latest real estate technology and give you an overview of the impact of predictive analytics and AI in real estate.
Understanding AI and Predictive Analytics in Real Estate
Real estate market research and investment property analysis involve working with a substantial amount of data. In the past, real estate investors had no choice but to tackle this process manually. Needless to say, sifting through historical data and calculating metrics such as cap rate and cash on cash return can be a tedious task. Fortunately, technology has managed to simplify the process. Thanks to predictive analytics and AI-driven tools, real estate analysis is no longer reliant on manual effort and input. Here is a brief look at the two concepts.
Related: Real Estate Data Analytics Is What You Need to Get Rich
1- Predictive Analytics
As the name suggests, predictive analytics refers to a wide array of statistical techniques that make predictions about markets and asset profitability based on current and historical data. A real estate analytics platform provides investors with both traditional and Airbnb analytics and gives them an idea of where the housing market is heading. This can be of great help when it comes to finding rental properties that meet the real estate investor’s cash flow objectives.
Related: Using Predictive Analytics Makes Real Estate Investors Rich
2- AI-Driven Real Estate Investment Tools
Like we stated earlier, AI has become an integral part of real estate investment analysis. In fact, there are a plethora of tools that rely on it in finding rental property for sale as well as assessing its value and predicting its future performance. These tools employ machine learning algorithms that analyze real-time data and provide results that fit it.
Let’s now discuss how to find rental income property for sale using these solutions.
How Can AI Help You Find Rental Property for Sale in 2020?
Over the past few years, the market has witnessed the emergence of a number of real estate investment tools. These products offer everything from basic market listings to advanced predictive analysis that seeks to unearth the most profitable real estate investment opportunities in the housing market. Luckily for you, Mashvisor offers all these tools in one platform! Let’s check out the tools that will help you find rental property for sale in a matter of minutes.
1- Mashvisor’s Search Platform
Mashvisor’s main real estate search platform offers you a wealth of features that can be extremely valuable when it comes to finding investment property for sale. The data that it provides you covers the full scope of real estate investing. Using this platform will give you access to everything that pertains to property listings and rental profitability.
Another great thing about the Mashvisor platform is the fact that it gathers data directly from the MLS. This means that the only search you have to conduct is the one you do on this platform. Furthermore, each listing comes with a slew of metrics that give the real estate investor a clear idea of what to expect. Thanks to this combination of extensive listings and profit metrics, finding rental property for sale will be a quick and effective process.
Try it out for yourself. Start your investment property search here.
2- The Rental Property Finder
Using the rental property finder is without a doubt the most efficient way to leverage AI in real estate investing. This tool will enable you to zero-in on the ideal rental property for sale with a click of a button. The efficacy of the rental property finder lies in its advanced, laser-focused filters that allow the real estate investor to identify top-performing properties that fit his/her investment goals. Here the main filters of the rental property finder:
- Type of investment property
- Rental strategy (Airbnb or Traditional)
- Location
- Distance from location
- Budget
- Number of bedrooms and bathrooms
Whether you are looking for single-family or multi-family homes for sale, the AI will provide you with accurate results that match your needs and financial situation. Moreover, the Mashvisor property finder can conduct the search in multiple cities at once, which saves you the hassle of searching individual cities at a time.
What Makes Mashvisor’s Use of AI So Effective?
While the use of AI has become so ubiquitous in real estate, few platforms leverage it as effectively as Mashvisor. This is due to the fact that the machine learning algorithms that Mashvisor tools use go beyond just basic data analysis. As a matter of fact, the investment property finder takes a host of other factors into consideration. For example, several social and behavioral patterns are factored in when looking for the perfect rental property for sale. Moreover, the AI also considers the interest of other buyers with whom you share similar investment criteria. This multidimensional approach explores every facet of property investment. This allows it to yield accurate results that match what the buyer is looking for.
Related: What Is AI and How Is It Transforming the Real Estate Industry?
Start Your Search Now and Find the Best Rental Property for Sale
Given the number of tools that are available to you nowadays, there is no reason to insist on manual analysis. Using AI won’t only help you find the ideal rental property for sale, it will also allow you to stay competitive in a market that is becoming increasingly reliant on it. Give Mashvisor’s tools a try and see for yourself why AI is taking center stage in the real estate sector.
To start your 7-day free trial with Mashvisor and subscribe to our services with a 15% discount after, click here.