Running a real estate business can be hard.

With the right tools you can make it 10x easier.

Here are 7 (free) apps I use everyday:
1/ Zillow - For all things real estate

Zillow has the best real estate database & is the easiest app to use

I look at @zillow daily to
- source leads
- estimate rent prices
- track what is for sale & the price

I set alerts for specific property criteria so I don't miss deals
@zillow 2/ Tenant cloud - Best platform to manage rentals & tenants

I self manage my Florida properties & @tenantcloud has been a game changer (I have tried many other platforms)

I use it to
- collect rent from tenants
- list properties for rent
- screen tenants
- manage leases
@zillow @tenantcloud As I've scaled up to more properties (and more tenants), tenant cloud has made managing my portfolio a breeze. I spend less time now than when I had 1 tenant.

If you're interested, click here to sign up: bit.ly/3aRME6Z
@zillow @tenantcloud 3/ Rentometer - Get rent prices in any market in the US

Knowing how much rent you can get for a property is important to knowing if a property is a good deal. @rentometer has accurate rent price data

I use it to
- Get rent price
- Compare property rents
- Compare market rents
@zillow @tenantcloud @rentometer 4/ Auction.com - Find distressed properties

Deals come in all shapes & sizes - Foreclosed & bank-owned properties are some of the best and @auction is the best platform to find them.

I use it to
- find deals
- learn a new market
- set alerts for future auctions
@zillow @tenantcloud @rentometer @auction 5/ Dealcheck - Evaluate deals quickly

Dealcheck helps you run the numbers on multiple deals. You'll know quickly & easily if the property is a good invest.

I use @DealCheckApp to
- find cash on cash ROI
- determine cash flow
- determine cap rate
- Track all deals
@zillow @tenantcloud @rentometer @auction @DealCheckApp 6/ Personal Capital - Personal finance tracker

@PersonalCapital is an easy way to track your whole portfolio from stock investments to rental properties.

I use it to
- Update & analyze my networth
- monitor my stock portfolio
- track my 401k & IRAs
- plan retirement
@zillow @tenantcloud @rentometer @auction @DealCheckApp @PersonalCapital 7/ Google drive

My entire real estate business is on #googledrive using @googledocs & @googlesheets. You can share with anyone (realtors, contractors etc)

I use it to
- list potential deals
- keep a contractor list
- track rental documents
- input expenses & rent payments
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More from @GetMoneySmarter

Jun 9
Depreciation is one of the biggest reasons why the rich buy real estate

Let me break down exactly what it is and why:
First, let's define 'depreciation' in general terms

It is the decline in the value of an asset over time

Example:

The moment you drive a new car off the lot, it depreciates in value. (Try to sell it the next day & it will be worth less money)

Depreciation implies loss
In real estate, depreciation is used as a tax benefit

To explain this further, let's first talk about how to calculate depreciation on an investment property
Read 12 tweets
May 5
90% of millionaires get their wealth by investing in real estate.

12 threads to help you get started:
1/ @IAmCoachClint

Topic: Actionable advice on how to find real estate deals and build a multi-million dollar portfolio

Tweet:
2/@sweatystartup

Topic: If you have some money but no time to invest in real estate, this is the thread for you. A detailed explanation of what a limited partnership is and if it's right for you

Tweet:
Read 17 tweets
Apr 26
15 personal finance lessons to teach your daughter
1.Who you marry matters

Marry for love.

But also you must be on the same page when it comes to money

It’s important to want the same things and have the same goals

Figure that out as early as possible
2.Plan for a High-income career

Don’t rely on a job to make you happy

Figure out what you’re good at that also earns a high income then follow this blueprint

1.Invest your earnings
2.Become financially independent
3.Do what you love all the time
Read 17 tweets
Apr 6
What makes a "good" real estate deal?

4 tips for analyzing deals in today's hot market

//Thread//
First I must mention that all real estate is local

You've got to understand what a 'good' deal is in your market, neighborhood, and buying location

What's a good deal is my market might be different to yours

Play the hand you're dealt with
Second finding good deals is incredibly important for real estate investors

It's how you make your money

So it is worth spending good deal a time on this BEFORE you buy especially in a hot market
Read 18 tweets
Mar 30
Should you invest in a Turnkey rental property?

//Thread//
First let's define Turnkey rental property.

Typically, when you see the term "turnkey" in real estate it means a property that needs no renovations and is move-in ready.

It is rent ready and often already has tenants in place.

(Here's an example of one for sale right now!)
Where do I find them?

Technically any property that is rent ready is considered 'Turnkey'.

You could find them on the MLS or through a realtor.

Often you will see the term "Turnkey" or "move-in ready" in the property description. Turnkey example
Read 18 tweets
Feb 2
10 things to teach your kids about money

(That the rich already do)

//Thread//
1. How to talk about money

Talk about it at the dinner table, during homework, during a family outing.

Keep the discussion open and honest.

Don’t treat it like a taboo subject.

Share what you’re doing with your money and answer their ask questions.
2. How to manage money

Creating generational wealth is great but also teach your kids how to manage it.

Have them earn pocket money and let them

-carry it in a wallet
-spend it poorly & feel regret
-Buy for someone else
-save up

Let them have control & real-world experience
Read 14 tweets

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