Managing your real estate investment portfolio is not an easy task. From finding the right property to meet the needs of your portfolio to managing the various properties it contains, much of what you need to do is tedious and time consuming.
However, technology is rapidly changing the way we find, buy, own, manage and sell investment property. Proptech is booming in Australia, with several different companies looking to make managing their portfolios easier than ever for investors. According to global tracker Proptech Unissu, Australia has 265 companies active in the Proptech space in Australia.
This is a broad category encompassing the full lifecycle of property including development, agents, buyers, and management. Rather than looking for the best, we thought we'd compile a list of the 5 best Proptech platforms to watch for investment property.
1. TUDI – real estate market forecast
Deciding where and when to buy is never easy. It involves hours of internet trawling and various reports to discover the next suburban gem. But not anymore.
TUDI is shaking up the way you find your next real estate investment. Powered by AI (Artificial Intelligence), Big Data and its proprietary property analysis algorithm, TUDI finds warm suburbs. Let you know in which suburb it expects to outperform the market or when it's the best time to sell. It traverses the millions of data points in Australia's 15,000 suburbs. It then applies two different forecast models (ARIMA and LSTM) to allow its algorithm to predict future price development.
The best thing – TUDI has both a free plan and an investor focused plan. Forget the crystal ball, TUDI takes the guesswork out of reducing risk in your real estate portfolio.
2. Listing Loop – pre-market property
If you're looking for the right things, look no further than Listing Loop. It & # 39; s like VIP access to pre-market and non-market properties. So, once you've found that hot suburb, Listing Loop helps you find the most desirable property.
It allows users to set up real-time alerts when a before or off market property matches their buying criteria. You can then be the first to find out about the property through its simple dashboard before it hits the major real estate websites. Help you beat the market and become the perfect investment property.
3. BRICKLET – apartment building in fragments
BRICKLET is a platform that allows you to purchase smaller fragments of investment property. When building your real estate portfolio, this is a great way to fill in the gaps and create diversity.
Essentially, investment properties are divided into several fragments, or what the company calls “briquettes”. Each brick is worth between $ 20,000 and $ 35,000 and has your name on the land title. Properties are generally managed independently which creates a passive investment opportunity. With property registered against land title, fragmented owners receive the same benefits of owning real estate, such as rental yield and capital gains in proportion to the number of briquettes they own.
Think of it this way: entire properties become your big rocks in your wallet, and property shards are your little rocks. By including both, your portfolio remains vibrant, as you can increase the diversity of the property you own.
4. Joust – a mortgage market
So you have found the perfect property to invest in, but now you need the money to fund your investment. Look no further than Joust for your mortgage needs.
Joust is an online marketplace that matches lenders and borrowers, with up to 80 percent of all home lenders on the platform competing for your mortgage. It is free and without obligation. This is simply a free tool to help you find lower mortgage rates, watching banks go head to head in real time.
5. Yabonza – full service property management
Buying an investment property is only half the challenge. The other half manages it. From locating tenants and collecting rent to routine inspections and maintenance, Yabonza manages everything for you through its property management platform.
The Yabonza platform gives you a real-time interactive view of your entire real estate portfolio on any device, with a dedicated asset manager focused on the performance of your real estate investments. Yabonza turns real estate investments from an active investment to a passive investment.
There are many tools for investors, and there will inevitably be many more. But these five will help you complete and manage your portfolios. Make sure your real estate portfolio continues to outperform the market throughout 2021
Top suburbs:
Whyalla
,
Midland
,
Will parliamentstown
,
artarmon
,
stafford hts
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