Real estate investing can be a lucrative business model, but it can also be overwhelming to keep track of everything from generating leads to analyzing deals. Luckily, technology has made it easier than ever to streamline these processes and maximize your profits.
One popular platform that many investors turn to is Propelio. But with so many real estate investing software options available, how do you know if Propelio is right for you?
In this article, we'll take a closer look at Propelio's features and benefits, compare it to its competitors, and answer some frequently asked questions to help you decide if it's worth investing in Propelio.
So, if you're ready to take your real estate business to the next level, let's dive into this Propelio review and find out how you can get more from your investments.
Propelio is a cloud-based real estate investing software that caters to the needs of real estate investors or solopreneurs who are primarily involved in real estate investing. It offers an array of user-friendly services that are designed to help users target motivated sellers and buyers in the U.S. real estate market.
One of the standout features of Propelio is its lead management service, which helps users find potential on- and off-market properties across the country. The platform provides up-to-date property lists that can be easily searched by county or zip code, thus saving investors the time and effort of sifting through local property records to find suitable deals.
In addition to its lead generation capabilities, Propelio also offers a range of other services such as property analysis (MLS comps), marketing services including direct mailing and website building, and skip tracing services.
The platform's driving for dollars feature is also worth mentioning as it enables users to identify potential properties while driving through neighborhoods.
Propelio also has an academy designed to help real estate investors improve their skills and knowledge of the industry. The Academy provides a range of courses and tutorials on real estate investing, lead management, and marketing strategies that are relevant to the current market trends.
Propelio is a real estate investing software that offers a range of features to help real estate wholesalers, house flippers, real estate agents, and property owners find and acquire more properties. However, Propelio is not a free software, and it offers flexible monthly subscription plans that come at a cost.
The platform currently has three subscription options that vary based on the number of features you can access. The first plan is called the "Driving For Dollars" plan, which is the most basic and costs $29/month.
This plan is suitable for novice entrepreneurs and part-time real estate investors, and it includes a driving-for-dollars app that provides features such as route tracking, real-time property photo upload, note-taking, skip tracing, and real estate investor direct mail marketing via postcards.
The second plan is the "Marketing" plan, which costs $49/month, and it includes all the features of the Driving For Dollars plan, plus unlimited marketing websites, domain and hosting, built-in web reports, pre-built customizable lead-capture forms, built-in SEO tools, and website training such as digital marketing, PPC advertising, Google SEO, and more.
Finally, the "Pro Plan" is the most advanced plan, and it includes all the features offered in the lower plans, plus additional services such as instant MLS comps, daily leads (5000 per day), lists of hard money lenders, cash buyer leads, property leads, and lead management. The Pro plan costs $98/month.
Propelio provides an instant MLS comparable tool that gives you access to real-time data on properties recently sold, pending sales, and expired listings. You can also get rental information for lease comps, tax information with year built and square feet, last recorded deed information, and number of days on the market.
This tool helps you instantly evaluate the list price of a property, run comparative market analysis reports, analyze properties for after repair value (ARV), potential profitability, and future cash flow.
Propelio offers a lead list feature that lets you filter potential properties in your area by specific counties and zip codes, allowing you to zero in on potential deals in your target market. You can also filter different property owner types like owner-occupied, bank-owned, and trust-owned to find these properties. This feature helps you find motivated sellers and generate leads for potential deals.
Propelio lets you generate leads by narrowing your search down to cash buyers who are operating in your market. You can also search for private lenders in your target market and set the minimum and maximum loan amounts to find out who offers financing in your price range.
Once you capture your leads, Propelio's lead management tool lets you conveniently track your information in one place. You can create and manage tasks, add photos and internet links, filter by pending sales/expired leads, and attach pertinent documents to each property. With one click, you can build valuable comparative market analysis reports and share them with others if you're working with a team.
Propelio's mobile app helps you optimize the time you spend in your vehicle by tracking where you've been, so you know where to go next. This feature helps you track potential deals and leads while you're on the go.
The app also has a built-in skip tracing feature that lets you quickly find a property owner's phone number, and create a custom postcard to send to the property owners if they aren't available.
With Propelio, you can build a custom website pre-loaded with valuable content. The process is simple — just answer some questions about your preferred sellers and the types of properties you like to buy and sell, and Propelio takes care of the rest.
The site features lead capture forms, a unique domain name, a mobile-responsive design, and free training to help your website rank high on search engines.
You will need to tweak your website to avoid publishing duplicate content from other sites. Although the site doesn't have a more customized or specialized you would get from hiring a web designer or developer, it's certainly a far less expensive option.
A recently added tool to Propelio's suite of features is the integration of Google Maps Platform Services, Google Workspace, and application programming interfaces (API) from Google service provider Woolpert. These tools give investors the ability to aggregate data into one tool.
API from Woolpert gives Propelio the power to quickly transfer real estate data such as automated valuation models for specific properties, home valuations, market statistics/demographic information, and specific property details. The Propelio CRM helps investors keep track of their deals, analyze properties, and make profitable decisions.
Propelio Academy is an online investing education resource featuring training videos from several noteworthy real estate investors.
Dozens of courses are available, and Propelio uploads new courses each month. You can learn from the experts, get free educational and training videos to help you become a better investor, and make more profitable decisions.
Propelio is a comprehensive software platform that offers a wide range of tools and services for real estate investors and wholesalers. The platform is designed to assist investors in generating leads, managing properties, and analyzing deals. Here's how to use Propelio to its fullest potential:
Propelio and PropStream are both real estate software platforms that offer property data, analytics, and tools for real estate agents and investors. Propelio has a great driving for dollars app for finding high equity properties and pre-foreclosures, while PropStream has more data and features, including a built-in rehabbing calculator and real-time comps in all 50 states.
PropStream's pricing is slightly cheaper, but some find its app too complex and challenging to use in the field. In comparison, Propelio's driving for dollars app is easy to use, making it a great tool for agents looking to build their list of potential properties.
Propelio and DealMachine are two real estate apps that offer similar features like driving for dollars, real estate list builders, direct mail postcards, and skip tracing. However, DealMachine's execution is far better, with a map that is much easier to use and property data, skip tracing, and direct marketing that is integrated more seamlessly.
On the other hand, Propelio lets you access MLS comparative market analysis tools and offers MLS comps in their subscription fee, but this feature is currently only available in select states.
Both apps have the same pricing for their Pro subscription, but DealMachine charges extra for some features, like MLS comps. However, DealMachine's postcards are of better quality and more customizable, despite being more expensive.
For real estate agents looking for pre-foreclosures and property data, both apps are worth considering, but DealMachine may be more practical and valuable due to its better execution and pricing model.
Yes, Propelio offers a 14-day free trial period for its software. This allows real estate agents to test out the platform and decide if it meets their needs.
Propelio offers refunds for cancellations made within the first 30 days of subscription. Users can request a refund via email, and the amount for the month will be refunded. There are no refunds for cancellations made after the first 30 days. If you cancel after the first month, you'll still have access to the platform's services until the next billing date.
Propelio obtains its comparable sales data from a broker directly from the local REALTOR'S MLS. In addition, the software gathers property information from public records and other sources to provide comprehensive data. The information is updated every 15 minutes, ensuring that the data is "live" and up-to-date.
Propelio appears to be worth the investment for real estate investors. Its pro package offers a comprehensive suite of real estate tools at a competitive price of $98/month. Additionally, Propelio's pricing plans are affordable and flexible, allowing investors to upgrade as their business model evolves.
Compared to its competitors, Propelio's top plan offers similar features at a lower cost, making it a cost-effective option for investors. Overall, it is recommended that real estate investors check out Propelio for themselves.
Still, even with a tool as powerful as Propelio, finding leads can still be a challenge for real estate agents and investors. That's why it's worth considering buying real estate leads to make the process even easier. With high-quality leads delivered directly to your inbox, you can save time and energy on prospecting and focus on closing deals.
At Property Leads, we offer a wide range of real estate leads, including motivated seller leads, cash buyer leads, and more, to help our clients grow their business and boost their ROI. With these tools in your arsenal, you'll be well on your way to success in the competitive real estate market.
Sign up for Property Leads today and start closing more deals tomorrow!