/r/RealEstateTechnology

Photograph via snooOG

Trends and innovations in technology for real estate: gadgets to websites and SaaS, for land, residential, and commercial

Software, mobile app, device, entrepreneur, business, funding, news, CRE, GIS, analytics, data, construction, landlord, broker, realtor, agent, crowdfunding, finance, investing, REIT, RETS, MLS, Zillow, Trulia, CBRE, Cushman & Wakefield, Westfield, ARGUS, Cougar, ESD, ESRI, RealBiz, REIWise RealNex, PivotDesk, Rentec, ZipLogix, ZipRealty, RealPage, proptech, RealtyNinja

/r/RealEstateTechnology

28,896 Subscribers

1

Searching for a best property management software

1 Comment
2024/04/22
12:25 UTC

0

The Best Software For Small Real Estate Agencies [2024]

Hello All,

Recently, I spoke to a struggling real estate agency that had been grappling with the challenges of integrating various tools for CRM, marketing, and business development. They decided to switch to DayCrest AI, and the transformation was nothing short of remarkable.

DayCrest AI is a comprehensive business development hub that seamlessly combines customer relationship management (CRM) with advanced marketing tools and much more. It’s designed to empower businesses to enhance their operations without the clutter of multiple disjointed systems. The platform’s intuitive interface allows users to easily navigate through complex data, automate tasks, and engage with customers more effectively, ensuring no opportunity is missed.

What sets DayCrest AI apart is its ability to tailor functionalities specifically to the needs of each business, making it extremely adaptable across different industries. Whether it’s lead management, campaign automation, or analytics, each module integrates flawlessly, providing a unified view of the business landscape. This capability has enabled the agency I spoke with to dramatically improve their lead conversion rates and streamline their operations.

Moreover, the support from DayCrest AI’s team is commendable. They offer proactive assistance and are always ready to help with any issues, ensuring minimal downtime and continuous improvement in functionalities.

For any business looking to elevate its CRM and marketing capabilities while keeping everything under one roof, DayCrest AI offers an unparalleled solution. It’s not just a tool; it’s a game-changer for proactive businesses aiming to thrive in a competitive market.

1 Comment
2024/04/22
09:13 UTC

1

Cubicasa for RE photographer

I’m a RE photographer and been thinking of using Cubicasa for my work. Just had a couple of questions:

  1. In what case will Cubicasa offer free floor plans? Also, it just basic floor plans, or does it come with some add ons or customization?

  2. How long does it take for delivery? From what I heard, it varies depending on who's using it (agents might be different from photographers)

3 Comments
2024/04/21
17:36 UTC

0

Meet Joy - The AI Real Estate Agent Who Pays You

1 Comment
2024/04/20
14:30 UTC

3

Buyers agents: give your clients a home dashboard

I'm looking for feedback from buyers agents. I'm working on a tool that helps new home buyers confidently manage their home's maintenance and repairs. Here's how it works:

  1. Upload a home inspection report. AI is used to translate the information in that report into an organized dashboard.
  2. The dashboard displays the repairs recommended in the inspection and also creates a preventative maintenance plan tailored to the home.
  3. Homeowners also have access to an AI assistant that is helps answer questions and connects them to local service pros to complete maintenance and repair tasks.

I'd like to give this resource away to agents for free, and think it could be a great way to delight your clients and help differentiate your service (especially in the wake of the recent lawsuit). I'd love feedback on this, and happy to share the link with anyone interested in learning more.

13 Comments
2024/04/19
13:55 UTC

1

Honest question for Real Estate Agents - Would you be interested in using AI calls to prequalify your prospects?

I recently created a platform to train my sales skills and I realized I can reverse engineer it to make outbound calls. Wanting to always enter the Real Estate world, I wonder if Real Estate Agents would be interested to use AI phone calls to prequalify their prospects immediately after they submitted a form on their website, after a DM, etc.

View Poll

4 Comments
2024/04/19
10:10 UTC

3

Real Estate Conversion Ideas

  1. Build a VIP List:
  2. Use Interactive Virtual Tours:
  3. Pre-Qualify Prospects
  4. Contextual Messaging:
  5. Automatically Route Leads
  6. Mobile-Friendly Landing Pages
  7. Recruitment as Conversion
  8. Create Local Community Lead Magnets
  9. Enhanced Lead Capturing Forms
0 Comments
2024/04/19
09:37 UTC

1

Inbox management

I built a tool to more efficiently manage email inboxes for realtors.

Currently looking for some realtors to use it and give some feedback -- If anyone wants to try it out for free, please comment below and let me know?

0 Comments
2024/04/18
18:55 UTC

3

We launched a new Matterport App

Hello, everyone,

We recently launched a new service called Meet In Matter and we would love to get your feedback. It’s a simple concept for realtors where you can create online meeting links and then meet 'inside' Matterport 3D tours. Each participant is represented by an avatar, and you can activate features such as “Follow” and “Gather all”.

The tool is useful as a real estate sales tool, for remote inspections, or for Matterport photographers who want to create remote walkthroughs for their clients.

The tool is free for up to 30-minute meetings for two participants. We also offer a Pro version with unlimited meeting minutes for up to 16 participants.

Check it out here: https://meetinmatter.com/

Meet in Matter is built and maintained by SuperViz. More information on SuperViz for Matterport here: https://superviz.com/matteport-sdk/

4 Comments
2024/04/16
09:37 UTC

4

How could GPT Automation solve realtor brokerage gaps?

I work in tech consulting and I've been researching GPT functionality and now see these capabilities are ready in the market to help solve key issues for all businesses, small through to enterprise. The key is (Data Quality) and who owns the data (Public v Private). I find most Real Estate websites clunky, hard to use, and everything relates back to having to contact an unknown realtor to ask more questions on the property, this is a barrier that many don't want to do. Realtors want questions as this in-turn is a (Lead) for the property in question. Buyers want to be able to research the Property, area comparables, and other key metrics that may lay outside of the Realtors knowledge but are publicly available.

I purchased my property years ago through Website listing and images, and never visited or saw it. I researched all Sales in the building and looked at Strata minutes, but I'm not a real estate expert, and the Realtor didn't seem to know that much.

- From those who work in Brokerages, what could an Automated ChatGPT App help solve to make your work life easier? (Prebuilt Contracts / Email Automation / Stages of Sale / Government Bodies Steps / Financial calculations - Contracts / Profitability calculations ) ??

- From a Buyers perspective - What could assist ? (Area prices, total Sales of property, rental history, area crime rate, proposed buildings in area that may change value, auction results)

I'm building out some proof of concept GPT's and wondered if the Real Estate industry is ready for a new technology to disrupt the 2-3 websites that control the data. Websites are clunky, and we're stuck with only the filters that are allowed to be used, and there's lots of missing information. We can't ask websites questions, and nobody wants to contact a realtor as we know they may not know the answer.

10 Comments
2024/04/13
16:00 UTC

2

Do you use spreadsheets to run your business ?

Hi guys

I am wondering how many of you are using excel/google spreadsheet to manage your real estate business. I know it can be a bit of a pain, especially when you're dealing with tons of entries and multiple versions of the same file floating around.

I am a software developer and I love building web-based internal tools for businesses to streamline/automate their internal operations.

In case of a real estate business, I can build a dashboard that give an instant access to all the listings in real time, tracks sales, organise clients data ... etc.

Basically streamlining operations + display data in a way that gives business owner more clarity of what's going on.

So what do you think, how relevant you think my skills is to your industry, do you think I can provide genuine value to a rea estate business?

Looking forward to hear your thoughts, thank you 😊

7 Comments
2024/04/13
08:49 UTC

2

Real Estate Investment Analysis Tool, ROI Calculator, Cash on Cash ROI, CAP rates, Rental Yield and more.

Just wanted to share a fantastic tool with all the real estate enthusiasts out there. Cashflow Analyzer Pro with Deal Instant Analyzer provides a detailed real estate investment analysis, considering all potential income sources that your investment can generate and accurately calculates the ROI. It breaks down components such as cashflow, principal paydown, home and renovation appreciation, initial equity, and potential tax savings, showing their individual gains and ROI over a 30-year period. This helps in identifying which factors provide the highest returns for making informed investment decisions.

One feature I like is the ROI Indicator, representing ROI quality through color-coded cells: Green for strong ROI, red for poor ROI, and orange for acceptable ROI.

Additionally, you can also explore different scenarios, like using HELOC, Cash, or other loans for funding or renovations, and the calculator will take into account the payments you need to make for these funds.

The tool can even simulate variable rate changes over the years, enabling real-time ROI tracking by monitoring changes in home value, rent, and interest rates, to evaluate their impact on returns.

Plus, it calculates various metrics like Cash on Cash ROI, CAP rates, Rental Yield, Debt Coverage Ratio, BRRR strategy, Net Profit If Sold, and more.

Hope you find it helpful!

https://preview.redd.it/agy04nvgc6uc1.jpg?width=10000&format=pjpg&auto=webp&s=c04dbb3c74353033757f5d0caa69ff8dd66d4e08

https://preview.redd.it/gl7a2cwgc6uc1.jpg?width=10000&format=pjpg&auto=webp&s=56d57ce46e1b587414042ab62af0bf61d92d1f84

https://preview.redd.it/79f8duvgc6uc1.jpg?width=10000&format=pjpg&auto=webp&s=e693eae69078eed12b7e6c1ec0d05898a4709a80

https://preview.redd.it/9wufkevgc6uc1.jpg?width=10000&format=pjpg&auto=webp&s=be7a4b162e396263ff7f367ade8bb78901f8af91

https://preview.redd.it/vu06zrvgc6uc1.jpg?width=10000&format=pjpg&auto=webp&s=7bb9ecdd4691ecc7e253879b30c55c89f14c9bb9

https://preview.redd.it/cqfk68wgc6uc1.jpg?width=10000&format=pjpg&auto=webp&s=e13ed4e45a99259e64b743b5298d40f138e8b67c

https://preview.redd.it/c2jkobvgc6uc1.jpg?width=2064&format=pjpg&auto=webp&s=8a57bd7ad4b1f02e5de073fbd164a0c78421328c

https://preview.redd.it/b4antyvgc6uc1.png?width=5000&format=png&auto=webp&s=ec443bdc67ccea7c82168834aa6cd8ba15846e5f

https://preview.redd.it/h9ai0kvgc6uc1.jpg?width=5000&format=pjpg&auto=webp&s=082b5ad28a1411700878dfe481e84e15a7e90f2f

1 Comment
2024/04/13
04:29 UTC

0

What do we think of AI Real Estate Agents? Looks like they're here...

19 Comments
2024/04/12
14:54 UTC

3

Thinking about running Facebook and Instagram ads. Curious to see if anyone else has run meta ads, and how they worked out for you

5 Comments
2024/04/11
21:53 UTC

5

MLS web app development costs, features... — what was your experience building your MLS web app?

The answer to this question would vary depending on many factors. My questions are:

  • How much does it cost to build an MLS web app in the US?
  • What services/features are included for the price?
  • And how long does it take to get it built?

If you've had an MLS web app built for your business, I'd love to hear about your experience. Did you use a freelancer or an agency? Please share your insights. Thanks!

21 Comments
2024/04/11
21:52 UTC

3

Looking to interview Real Estate Investors

Hello everyone, I'm looking for any active real estate investors that would be willing to hop on a quick call and discuss how they operate their investing business. I'm trying to find any common problems investors face.

8 Comments
2024/04/11
12:46 UTC

1

OJO Home/Houseful

I'm wondering if anybody has experience with these platforms (Houseful is the Canadian version of OJO Home, just bought and rebranded by a bank). As a realtor, what do they offer? Seems like they might just channel low-quality leads through and take a referral fee on the commission of any transaction. And as a buyer, do they offer anything significantly unique or better than Zillow/Homes/Redfin?

0 Comments
2024/04/11
00:55 UTC

4

A real estate broker has asked my team to build them an asset management software, does anyone know if something like this exists?

For some context, the agency collects hundreds of new properties a week on their roster and they get 4-5 deals a month.

Here's how their process goes

  1. Someone tells them about a property for sale.
  2. They add all necessary information to an excel sheet, there's some 12 columns.
  3. They compile the photos, add them to a google photos folder and paste the link into the spreadsheet.

Next if they get a lead on a buyer,

  1. They filter out properties on their roster that fits the buyers criteria.
  2. After compiling properties, they need to create brochures for only those properties that the buyer may be interested.
  3. They create a Dropbox link containing the specific properties brochures and send the prospect the link.

Right now this whole process is rather tedious, especially the brochure part. There's also no input validation so sometimes the data that's input is incorrect.

Does anyone know of any software that handles any of these features. It would serve as a good reference for anything custom we build.

8 Comments
2024/04/10
21:34 UTC

1

Where to download realtors' database with their contact details in CSV, Excel, or any other format, for free?

Hi there,

Is there a free source to download the US realtors' database with their contact details?
CSV, Excel, or any other format is okay.

Thanks.

12 Comments
2024/04/09
23:23 UTC

2

REIT Hedge Fund - Seeking Those Like Minded

I am a New York based real estate investment professional with 15 years of experience investing up and down the capital structure across all property types and metropolitan areas. I am planning to start a hedge fund that will go long short a basket of REIT stocks with a coverage universe of about 80 names. Seeking partners to help launch the business whether those be operational, marketing, tech, trading, analysis or money oriented. Please contact. 15+ years of experience in markets and savvy required.

2 Comments
2024/04/08
00:53 UTC

5

Kardia Real Estate Still Ok?

Any recent experience with Kardia Real Estate and Financial in Calgary?

A realtor recently told me about a story circulating that they've gone bust and are scamming investors but was hoping to hear from someone who has had a recent experience?.

10 Comments
2024/04/07
08:45 UTC

5

AI Grammarly but for notifying you before you accidentally violate Fair Housing or any licensing laws via email

As the title says, I'm wondering if this product would be a useful tool that would solve your problem. Would love to have a discussion on if people would use this. Longer term, I think this could become an AI compliance tool for brokerages. Let me know your thoughts!

5 Comments
2024/04/06
00:08 UTC

2

Rank properties based on investment strategy

https://i.redd.it/n6fftjv5xqsc1.gif

We created a tool (called Coffee Clozers) that ranks properties based on investment strategy. There's a different sorting algorithm depending on each strategy. Happy to elaborate but in brief, the rankings work roughly like this:

Overall – The best overall rental properties in terms of cash-flow and appreciating locations. Prioritizes turn-key properties and potential for value-add.

Traditional – Prioritizes turnkey properties in appreciating neighborhoods, filters out fixer-uppers.

Househacking – Looks for rent-by-unit/bedroom cash-flow, prioritizes properties that are under FHA loan limits to maximize 3.5% down options, & uses AI to downgrade heavy rehab properties. Also pushes value-add potential to the top (think zoned for ADU, space to add a bedroom, etc.)

BRRRR – Looks for fixer-uppers with the best ROI (using ARV spread), cash-flow from rental income, appreciating neighborhoods, and value-add opportunity.

Fix & Flip – Prioritizes high ARV spread in neighborhoods with high fix & flip concentration.

Hidden gems – This is kind of like a wildcard. It looks for seller-finance opportunities (highly motivated sellers), value-add potential, back on market, price changes, and some other cool things like mislabeled properties (for instance, a multifamily property labeled as single-family).

4 Comments
2024/04/05
23:34 UTC

3

I was tired of manually entering rent rolls into excel so I built a tool to that automates it with AI

TLDR: I recently built a software that uses AI to take any rent roll formatted as an image (pdf, png, jpeg) and converts it into a csv. You can check it out here: CREDataExtractor

If you are curious about why, here is the story: I used to spend hours manually entering rent rolls into excel when underwriting properties. It was such a pain and super time consuming. I’d tried to copy and paste data from PDFs but the formatting was always weird and it never was easy to just get the text from the rent roll image into excel format. Solutions existed, but they were either SO expensive or required some type of demo to get started.

That is why I built CREDataExtractor. All you have to do is upload an image of a rent roll, it can be in a PDF, PNG, or JPEG format and the software will convert it to csv format which should make it much easier to paste into your model.

No difficult sign up process. No hidden or expensive prices. Just a tool built to make your underwriting process easier.

Thanks for reading. If you do end up signing up, I’d love to hear any feedback you have!

4 Comments
2024/04/05
21:09 UTC

0

Tips for Crafting Catchy Real Estate Listings

I've been diving deep into the world of real estate listings lately, trying to figure out the best way to make my listings stand out and really capture the essence of each property. It's a blend of art and science, isn't it? Getting the right mix of detail, appeal, and persuasion can be quite the balancing act.

I recently started using this Real Estate Listing Generator (https://www.leiizy.com/templates/real-estate-listing-generator) as a sort of creative kickstarter. It's been surprisingly helpful in generating some baseline ideas and structures, especially when I'm looking for a fresh angle or just a bit stuck on how to start.

I'm really curious - how do you all go about crafting your listings? Do you have any go-to strategies, tips, or even tools that help you create compelling descriptions? I'm all ears for ways to improve and would love to hear what works for you!

2 Comments
2024/04/05
17:40 UTC

3

Are there any good productivity tools built specifically for real estate brokers? Like, something that will help me manage clients, my calendar, a built in scheduling link like calendly, and a task manager?

I'm looking for a productivity tool built specifically for brokers or people who manage their own clients in general. I want something that, at bare minimum, will help me manage clients with a simple CRM, has a built in calendar, a built in scheduling link like calendly, and some sort of task manager. I also think a mobile app would be nice since I'm on the move a lot. Currently I use google tasks, google calendar, a literal notepad, and an actual whiteboard. Whenever i'm scheduling something w/ a client or another broker it's a constant back & forth of "When are you available? 3-6PM? Oh, that doesn't work for me, does another day work for you?" via text or email if I don't book through ShowingTime (which a lot of brokers will request you text/email directly). As for a CRM I use a whiteboard w/ colored markers to track what stage my clients are at (Example: Recommendations sent, toured, applied, signed, etc.) and I use Google tasks to keep track of what needs to be done. There must be a better way

4 Comments
2024/04/05
01:18 UTC

1

Let me help you clean Yardi data (for free)

Hi everyone!

I got some great feedback and had some amazing chats from my original post.

A lot of you were curious on what the data actually looked like when clean. Below I've attached a sample of the "dirty" stock Unpaid Charges report in Voyager and my clean output below.

This is one of several reports I can set up automated processes for cleaning and I would love to connect with more individuals in the space to see how this data could be utilized for enabling analytics at your workplace!

Feel free to reach out!

https://preview.redd.it/67g9bcp4djsc1.jpg?width=1638&format=pjpg&auto=webp&s=6f58800bc574b78e615192cff38a50d62c228402

https://preview.redd.it/xlnyv215djsc1.jpg?width=920&format=pjpg&auto=webp&s=aa806e1014897ae7ee09acde67dcf064c2579a9e

1 Comment
2024/04/04
22:07 UTC

2

Most cash-flowing cities?

What are everyone's experiences with finding cash-flow at the moment? Are there any cities or areas of the country which seem to have decent cash-flow in spite of rates?

Midwest and and upstate NY seem to be taking the lead in my experience.

https://preview.redd.it/surk87dl6jsc1.png?width=1468&format=png&auto=webp&s=b1470811a9f1fc5ce49afe0b32dcf23fd627bc73

2 Comments
2024/04/04
21:30 UTC

1

Most cash-flowing cities?

What are everyone's experiences with finding cash-flow at the moment? Are there any cities or areas of the country which seem to have decent cash-flow in spite of rates?

Midwest and and upstate NY seem to be taking the lead in my experience.

https://preview.redd.it/surk87dl6jsc1.png?width=1468&format=png&auto=webp&s=b1470811a9f1fc5ce49afe0b32dcf23fd627bc73

1 Comment
2024/04/04
21:30 UTC

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