19 Finest Actual Property Investing Apps We Couldn’t Dwell With out

Ashley:
That is Actual Property Rookie, episode 194. My identify is Ashley Kehr, and I’m right here with my co-host, Tony Robinson.

Tony:
And welcome to the Actual Property Rookie Podcast, the place each week, twice every week, we deliver you the inspiration, info and schooling it’s worthwhile to kickstart your actual property investing profession. So Ashley Kehr, what’s going on at present. I see you don’t have your typical hip hop T-shirt on. You bought some nation on at present. Felt like switching it up, I see.

Ashley:
Yeah. what? I really feel like all people is aware of my gangster facet, so I obtained to indicate my countryside slightly bit right here.

Tony:
Obtained to signify each side.

Ashley:
Obtained my Kenny Chesney, she thinks my tractor’s horny, T-shirt on. Yeah, so I really discovered the opposite day, this bin in our basement and it’s all my husband’s outdated T-shirts from when… I imply, he’s a, don’t wish to brag, and I’m rather a lot youthful than him, so he has all these ’90s T-shirts from concert events he went to. So I used to be going via all of them, I’m like, “Geez, a few of these are cool, classic, nation T-shirts,” so I would start-

Tony:
There you go.

Ashley:
… throwing them out right here on the podcast.

Tony:
You bought your personal thrift store. Yeah, you bought your personal thrift store in your basement.

Ashley:
Yeah.

Tony:
I really like that. Nicely, what else is new Ash? What’s occurring?

Ashley:
So my enterprise associate, Joe, who’s really been on the podcast earlier than, he’s been fairly stagnant, shall I say, in his actual property investing prior to now, most likely, yr and a half. He constructed his personal home. He had a child, so he’s been tremendous busy. Nicely, he has been speaking to me slightly bit extra about getting one other deal, engaged on a mission and at present, I used to be so proud. He despatched me a property and he mentioned, “I arrange the exhibiting and we’re going at 5:30 at present.” I mentioned, “I’m so pleased with you for locating the deal, getting us to exhibiting. Now, how are you going to pay for it?” He’s like, “Nicely, I’m poor, so you bought to pay that out.” However, I used to be tremendous glad for him that he’s able to get again into investing and taking some initiative after taking a while off. He has a full time landscaping enterprise that he runs, so it’s nonetheless his facet hustle that he does, however yeah. Excited for him to get again into it.

Tony:
That’s superior. What sort of property is it? Is it a single household or duplex?

Ashley:
Yeah, it’s a single household and it’s really proper close to his home the place we’ve additionally bought a property earlier than. This space, there’s really a waste administration dump website. I don’t even know, a landfill, I suppose that’s what it’s referred to as, and in that city… So he lives on the far finish of the city and the landfill is on the opposite facet of the city, so we buy properties close to his facet as a result of the landfill, they really pay nearly all of the property taxes.

Tony:
That’s superior.

Ashley:
It’s one thing to do with, oh, due to the odor of the rubbish. Nicely, you’ll be able to’t odor it in any respect while you’re on the opposite facet of the city. So the property taxes, I imply, are ridiculously low-cost, particularly in New York State, so we discover that very engaging to buy on this space.

Tony:
Tip for brand new buyers, at all times search for the landfills. That’s the place you’ll discover the perfect offers going ahead. No, cool. I’m excited for you guys. Preserve us posted on how that deal seems and I’m glad to see Joe again within the recreation.

Ashley:
Yeah. I don’t know. Joe was on one episode. We did a partnership. It was with Sarah too. We had her on speaking about partnerships, so that you guys must return and discover that within the one among our previous episodes and take a hear.

Tony:
Yeah. Cool. Nicely, glad issues are transferring alongside. I imply, we’re busy, busy, busy, proper now, however one of many issues we did most lately that has been tremendously useful is we employed some of us onto our groups. So now we have 4 folks that we added to our operations workforce.

Ashley:
Wow.

Tony:
So we’ve been ramping them up during the last couple of weeks, and it has been like a life altering expertise to have another individuals to handle all of the completely different items of the operational side. We’ve obtained some digital assistants that we employed for the entrance finish visitor communication, then we employed an operation’s supervisor that manages these VAs and offers with the larger, extra strategic points that pop up. So me, Sarah and Omid are slowly getting a few of our time again, in order that means we’re not a lot within the weeds and we are able to proceed to concentrate on rising the enterprise. Busy coaching individuals, but in addition, we are able to see the sunshine on the finish of the tunnel that it’s going to be among the finest selections we’ve ever made.

Ashley:
Yeah. I bear in mind Sarah did this Instagram reel the place you guys went to Disneyland, I feel. It was like, a day within the lifetime of an investor at Disneyland, and it’s like, “Oh, obtained to handle this name. Obtained to shoot this interview message.”

Tony:
Completely. All that was so actual. Folks had been asking, it’s like, “Oh, is that staged, the place you guys…” And I’d be like, “Actually that’s the life that we stay.”

Ashley:
I’ve been with them locations, and I do know it’s actual.

Tony:
Yeah, so excited to begin constructing the workforce out so we are able to develop this into an precise enterprise and never only a job for ourselves.

Ashley:
Superior. Nicely, at present we wish to discuss, really, some apps at present that assist handle your online business simpler, too. We each created a listing of various apps that we use daily for various issues in our enterprise, and we thought possibly these would show you how to guys, be an curiosity of you. As actual property buyers, we’re normally at all times on the go and we don’t at all times have time to take a seat down, at a pc, and pull up software program or to go onto our computer systems and check out various things out, so with apps, you do all the things out of your telephone.

Ashley:
A few of the apps that I take advantage of when I’m searching for offers, the primary one, fairly apparent, is Zillow or realtor.com. These apps simply to scroll listings. The following is LandGlide, so that is an app that reveals you parcel info, so you’ll be able to enter an handle, or you’ll be able to search, possibly if you happen to’re driving round and also you see a home, you’ll be able to pull it up on the map, see who the proprietor is, the mailing handle. PropStream is one other one that’s much like that, after which there’s additionally onX Hunt. That is my favourite one. It’s really a looking app, so you’ll be able to pull up details about the property too, nevertheless it additionally tells you, and LandGlide does this too, as to how a lot of the property of the parcel is possibly forest, how a lot is area? How a lot is the precise constructing? Are there different buildings on it? I feel that’s actually cool too, particularly if you happen to’re searching for vacant land offers or plenty of acreage, you’ll find out what precisely that acreage consists of.

Ashley:
Then there’s additionally DealCheck, which is only a method to analyze the property and can really pull info from the Amalas, resembling Zillow, into the calculator for you while you enter the handle. Then there may be Homesnap, the place you’ll be able to really take an image of the property, and it’ll really pull it up for you, the knowledge on it, so it makes use of your GPS monitoring in your telephone, so you need to have all these location companies turned on. However these apps additionally let you know too, the define, the survey of the property. They’re not 100% correct, however if you happen to’re strolling a property, I like to have the ability to see the place the precise strains are, the place the property ends and begins. These are my large ones for locating offers.

Ashley:
The following ones that I take advantage of are extra simply to maintain my head in place, and the primary one is Private Capital. So that is the place I can hyperlink all of my financial institution accounts, all of my bank cards, even my funding accounts, and I can simply open it daily and I can see just a bit dashboard of what all my balances are on all of them. Then I take advantage of Simple Calculator, so this can be a free app with so many alternative calculators. So I take advantage of it to compute curiosity solely funds. I take advantage of it to compute precept and curiosity funds to drag up an amortization schedule. After which I additionally, generally once I take into consideration, “Okay, if I put this a lot into my children’ financial savings account, or their funding account,” and I see on common, it takes 9%, I prefer to see in 10 years how a lot cash will children have of their invested account. So these completely different calculators I like to make use of and so they come helpful. They’re so fast to open up.

Ashley:
Then the subsequent factor is Google Duties. So this hyperlinks with all my different Google merchandise, so Google Calendar, Google Docs, all these. So Google Duties is only a very easy method to enter issues I must do on the go and you may set them so that they’re really in your calendar to remind you. You simply test it while you’re performed and it disappears, however you’ll be able to at all times return and take a look at what you’ve really achieved in your day.

Ashley:
Then the final app that I’ve used is Hours Tracker. And I’ve used this two other ways, so Hours Tracker, I’ve used it as time monitoring to see the place my time goes, the place I’ll simply log in and log off as to, “Okay, I labored on my enterprise for 3 hours right here, after which I made lunch for an hour, after which I scrolled social media for an hour,” and it’s like, “Okay, there’s the place my time is wasted. There’s the place my time is productive.” However I’ve additionally performed it to trace completely different tasks. Darrell that I work with, he’s used this too, is to love, “Okay, he’s engaged on managing this rehab simply so we are able to get an concept too, of the place his time is definitely going.” So I discovered that app, Hours Tracker, very priceless. And people are the principle apps that I take advantage of all through the day, in addition to my textual content messages and my mail. Truly, I don’t even reply to textual content messages, so I wouldn’t even embody that one.

Tony:
Nicely, Ash, that was like an encyclopedia of actual property investing apps, so it’ll be onerous for me to prime that, however I’ve a pair that I feel are cool. The primary one which I’ll discuss isn’t even about actual property investing. It’s about content material creation and I’m beginning with this one first as a result of I feel so many individuals can profit from sharing their journey about investing on social media and different platforms. One of many apps that I used to be utilizing is named Splice, so S-P-L-I-C-E, and it’s a very easy to make use of social media modifying app, and it permits you to export within the reels or TikTok sized format. You may add captions and music and all types of different issues, so it’s a very easy method to take your regular content material, spruce it up slightly bit, so it will get slightly bit extra love on social.

Tony:
The following one I take advantage of, much like the Hour Tracker one, nevertheless it’s referred to as Time, and this one immediately integrates with QuickBooks, in order that’s why I like that one. My CPA really helpful it. I used to be utilizing it extra so for the true property skilled standing, so you need to monitor your hours to indicate how a lot time you’re placing into the enterprise, so we had been utilizing it for that motive, so time by QuickBooks. MileIQ is one other one which I actually like, in order that one helps you monitor mileage in your automobiles. I can’t bear in mind if that one integrates with QuickBooks or not, however QuickBooks has one other model of a mile tracker app that’s actually useful.

Tony:
The following app that I take advantage of is the Schlage app, so in any respect of our short-term leases, now we have a keyless entry pad and we’re capable of remotely unlock or lock that utilizing the Schlage app, after which we are able to additionally create, delete and edit distinctive codes for all of our friends utilizing that app as nicely, so the Schlage app is tremendous useful as a brief time period rental proprietor. The following app we use for the quick time period leases is the Ring app. The Ring video doorbell, they’ve a complete suite of safety gadgets. In addition they have the Ring floodlight digicam, which now we have at each single one among our properties, and that’s cool as a result of you’ll be able to test and see who’s coming in, who’s popping out. Should you ever must scare somebody off of your property, you may make the alarms go off. We’ve had to try this a couple of times, so the Ring hole is certainly a useful one.

Tony:
Then the final one I’ll point out that’s productiveness base or, most likely not even productiveness primarily based, however the subsequent one I’ll point out is the Loom cell app, so if you happen to guys don’t know, Loom is a display recording web site the place you’ll be able to go and take fast display recordings of what you’re doing to provide video directions to somebody, however in addition they have a cell app. I discovered that to be tremendous useful as a result of generally we’re out or we’re doing stuff on our telephone and you may file a fast Loom in your telephone as nicely, in order that’s fairly cool.

Tony:
Then the final two I’ll point out, these ones are strictly productiveness. First is monday.com, so we’re large on attempting to have mission administration software program for our enterprise. We used to make use of Wrike, we’ve since converted to monday.com. There’s slightly bit extra customization you are able to do there, but when we’re ever on the fly, we have to take monitor of one thing whereas we’re on the go, the monday.com app is tremendous useful.

Tony:
Then the final one is a Miro, so M-I-R-O. Miro is a brainstorming app the place you are able to do… What are these issues referred to as? Little factor with the… Why can’t I bear in mind what they’re referred to as?

Ashley:
Like a-

Tony:
Anyway, it’s a brainstorming factor.

Ashley:
A company chart?

Tony:
Or you’ll be able to put-

Ashley:
Like a mind dump?

Tony:
Yeah.

Ashley:
Yeah.

Tony:
Or a chart. Yeah, precisely.

Ashley:
Mainly consider a white board-

Tony:
You guys know what we’re speaking about, proper?

Ashley:
… with Submit-it notes thrown up throughout it.

Tony:
Yeah. It’s going to drive me loopy that I can’t consider what the heck that diagram with the strains. I don’t know why I can’t consider what that is referred to as.

Ashley:
Yeah. Tony, really simply obtained me began utilizing that too, after we began mind dumping concepts for the podcast. I’ve to say, I actually get pleasure from it too, as a result of proper now, I even have this big whiteboard sitting in my front room and I feel that this app is lastly going to get me away from whiteboards.

Tony:
The whiteboard? Yeah, it’s a thoughts map.

Ashley:
Thoughts map.

Tony:
That’s what it’s referred to as. A thoughts map.

Ashley:
Yeah. Okay.

Tony:
Yeah, so you may make thoughts maps, movement charts, all types of different issues and simply any brainstorming. For most individuals which might be entrepreneurial, they’ve a thousand concepts a day, and it’s straightforward to let these concepts slip and you’ve got this nice concept and also you by no means execute on it as a result of it got here after which it went, so for me, I really like having the Miro cell app as a result of anytime I’ve an concept about any a part of my enterprise, I open up Miro. We now have a board for that particular concept. I drop slightly word on there, that means I can come again to it later when it’s time to execute, so the Miro app is one thing I take advantage of actually repeatedly as nicely. So I feel that’s all the things on my facet Ash. These are all the massive ones that we use frequently.

Ashley:
Yeah. I’m undoubtedly, fairly certain, I’m going to modify to that Time one, as a result of I like that it integrates with QuickBooks as a result of that’s what I take advantage of. Then I didn’t know that Loom had an app too, so I’m undoubtedly going to obtain them.

Tony:
Yeah.

Ashley:
Yeah, so thanks Tony.

Tony:
There you go.

Ashley:
Thanks guys for becoming a member of us this week for this week’s Rookie Reply. I’m Ashley at Welcome Leases and he’s Tony at Tony J Robinson on Instagram. We are going to see you guys on Wednesday.