A complete and honest comparison of Airdna vs Mashvisor vs Transparent vs Keydata.
Like any financial investment, buying properties to rent outcomes with risk. The larger the value, the larger the risk – or potential return.
I’m sure I don’t need to tell you that there’s a lot on the line when buying an investment property.
However, there are ways you can minimize the risk, and the best way to do so is by using business intelligence (BI) and data tools.
In recent years, a number of BI and data tools designed to help people make smarter property investment decisions and improve revenue management
have entered the market – and they’ve been game-changers for real estate investing. Some are calling this new wave of tools “proptech
“, property technology to drive efficiencies in real estate.
These tools collect and crunch millions of data points every day. For example, they factor in seasonal trends, forecast future movements in the market, and much more.
In short, these tools provide you with the best possible data on a property to help you make an informed decision on what price you should pay and what return you can expect.
If you’re not using a BI tool, you’re increasing your risk. Especially if you’re trying to buy in an area, you don’t know anything about.
In this article, we’re looking at what BI property investment tools do, why they’re so important, and four of the best tools on the market to consider: