Cozy.cois quickly becoming one of the most valuable online resources available for rental property owners. This cloud-based property management software is 100% free for landlords to use, and it can do everything from tenant screening to rental applications to property listings to payment processing. If you're managing your own rental properties this is a good source.
Buy & Hold Properties
Mashvisoris a website that helps investors and landlords find some of the best publicly listed deals on the MLS. If you're looking for good opportunities on a traditional or short-term rental property, this service can probably be a major help to you.
RealtyTrac- Foreclosure listings, including pre-foreclosures, house auctions and bank owned homes. Search over 120 million foreclosed homes, homes for sale and off market property reports.
LandSpeedis a CRM system designed specifically for land investors. If you're in the land investing business and you're doing more than a few deals per month, there's a good chance this system can offer you helpful ways to streamline and automate your business.
Research & Organization
Aside from the tangible benefits that come with forming an LLC, the simple process of setting one up makes this decision appealing to most investors. Here are the steps to setting up a real estate investment LLC:
File articles of incorporation with the state in which you will purchase investment property.
Keep the LLC in good standing by having a Registered Agent in each state where you form an LLC.
Pay the appropriate business formation fees — these vary by state, but are typically minimal compared to the benefits of forming your LLC.More...
Rentometeris a free service to find quick rental estimates for the properties you are researching. Simply plug-in the basic information and you can find some very helpful market data that will indicate whether you're asking a reasonable rent price for your residential income property. This kind of data is hugely important in the decision-making process for any rental property investment.
DealCheckis another deal calculator that can be used for more than just rental properties. It's also a web-based mobile app, so you can run the numbers on your phone, when you're on the road or away from your computer. If you spend a lot of time analyzing potential deals, this is a great tool to have at your disposal.
Zillowhas a For Sale By Owner platform that provides a solid way to create property listings and market them to a huge audience of buyers. This site gives investors an easy (and free) medium to do reach thousands of people very quickly.
Foreclosure.com- Hidden deals near you, home auctions, rent to own, short sale, foreclosed inventory. pre-foreclosures, sheriff sales. Targeting low-priced distressed deals – bank-owned homes, government foreclosures (Fannie Mae, Freddie Mac, HUD, etc.), real estate owned (REO) properties and foreclosure auctions.
R.E.I. Industry Information
Inman Next: This site is technically geared towards real estate agents, but much of the information overlaps with the real estate investing realm. The topics on this blog touch on things like selling, marketing, websites, industry updates and much more. If you aren’t familiar withInman News – this is another one of those websites to bookmark.
Craigslistis still one of the highest-traffic websites in the world for buying and selling real estate.
AgentPro247is a service that will give you instant access to property information in any county, any state, anywhere in the U.S. This is an excellent resource for researching properties before you go through the trouble of visiting them in person.
Land and Farm, but it's less expensive with a more user friendly interface for creating listings. This is still a relatively newer site to the market, so it doesn't have quite the following and reach of some other paid listing platforms – but it does draw in some very targeted traffic for land.
PropertyREIis a great spreadsheet-based rental property calculator. No need to spend hours with different spreadsheets and formulas, trying to determine if certain rental properties are a good investment. Simply plug in a few numbers and get instant confirmation on whether it's a good deal or not.
Property Listing Sources
Guide to Setting Up LLCs for Real Estate Investors
DealMachine is a mobile app that can be extremely useful if you're pursuing specific properties located near your physical proximity. It does a couple of basic things, 1.) Finds property owner information and 2.) Sends them a tailored postcard message about their property.
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