Nifty Inventions and Apps for Real Estate Investors

Posted by Chris Clothier on Fri, Sep 26, 2014

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There’s some crazy tech out there. For real estate investors, the ever-increasing pool of technological advances poses opportunities to increase efficiency and save time and money. Whether you’re looking for a nifty gadget or smartphone productivity tools, there’s plenty out there!

One of the great things about all these tech advances is that it does not matter if you are an entrepreneur and looking for business style apps or a small investor needing smaller more individual style apps, there are some great ones out there.  

Here are a few apps that we like and I would LOVE IT if you shared some of your favorites in the comments below!  Let us know what you think of the list.

Productivity Tools & Apps for Real Estate Investors

Trulia

Where: Web, Android, iOS
Cost: Free

Who hasn’t heard of Trulia? It’s a great multi-use app and website used primarily for finding properties.  Recently, Kent Sr. was on a trip to relax....for anyone who has met Kent Sr. that may sound odd!  But yes, he was on a vacation and he pulled up the Trulia app on their dialy walks to see local housing prices and data such as recent sales and even rental values. The searches can be refined and filtered intuitively. Trulia itself has consistently been a good source for real estate market news, making it an indispensable resource for investors.

Mortgage Calculator

Where: Web
Cost: Free
 

Need to do some quick calculations? Mortgage Calculator is there to easily and quickly present you with all of the ins-and-outs of your mortgage repayment. It takes into account numerous factors to give you accurate results, including monthly or bi-weekly payment amounts and the estimated payoff date for the future. 

Cam Scanner

Where: Android, iOS
Cost: Free

Uh-oh. You need to send a document electronically but you’re nowhere near your scanner. Never fear! This app uses your smartphone’s camera to create high-quality PDFs that you can send from anywhere. The scan quality here is great — documents don’t look like they were simply taken from someone’s phone.

Docu-Sign

Where: Android, iOS, Blackberry
Cost: Free, Paid Premium Upgrade

Does someone need your John Hancock? Sign Easy means you can give it to them on the go. It allows you to sign documents from any device. Never fumble around for a pen again.  We use this app. for all of our contract signings and it has become an integral part of our companies processes.   

Square

Where: Android, iOS
Cost: Free (Mostly)

A Square card reader can give tenants an easy alternative method to paying rent. When you sign up for Square, they’ll ship you a card reader for free. You sync it to a bank account and Square automatically sends payments. The card reader takes several major credit and debit cards, allowing you or your manager to accept payments on the go! Square does take a small cut of all transactions, but if that doesn’t bother you, it’s an incredibly convenient tool.

Other Tech Tools for Real Estate Investors

Lerway Digital Door Viewer & Peep Hole

Where: Amazon
Cost: $54, Free Shipping

Need a better view of the stranger at the door? Use this digital peep hole for extra investment property security. This viewer included a doorbell that snaps a photo of your visitors when rung. Installation is easy and quick according to reviews — all you need is a hole in the door!

Schlage Touchscreen Deadbolt

Where: Amazon
Cost: $170, Free Shipping

How about a smart deadbolt? The door is unlocked via a fingerprint and smudge-resistant touchscreen or remotely from computer or smartphone. For investors, it saves you the trouble of changes keys and locks with each tenant — simply change the security code. It also boasts plenty of other security features that will make your investment property the safest home on the block.


What’s the most useful tech tool you’ve found to streamline your investments? Share with us in the comments.

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Topics: real estate investing, technology in real estate