Propstream

After reading various PropStream reviews, you will come to learn that this software has an abundance of convenient features for real estate investors finding property, realtors, property investors, and more. The more you learn about it, the more you come to see its value for allowing you to make sound purchasing decisions.

You might think that so many features packed into one type of software would mean that it’s only suitable for use on a computer. However, property brokers and real estate agents spend a great deal of time on the road, which means mobile technology is crucial.

As a result, PropStream is entirely mobile-friendly. It even has its own app. This app allows you to access Google maps and drive features, search for property addresses, mark favorites, perform homeowner skip tracing, and much more. You can even perform many of your marketing tasks from the app.

While many PropStream reviews highlight the different features that the real estate investing software offers, we should not overlook the cost that comes with it. As a real estate investor, it’s important to ask yourself if it’s worth spending at least $99 per month to automate your investments—this is equivalent to $1,188 (or even more) in annual expenses for just a real estate investment software. The total cost can easily add up and can greatly affect your returns.

Before making a decision to spend this much money, it’s essential to analyze your needs first and research other available alternatives that cost less.

Pros (what it does well)

• Pricing is lower than major competitors. To get similar functionality with someone else, you’ll need to spend at least $125 per month.
• The ability to target seller leads anywhere in the country and send emails, postcards, and voicemails to them is really beneficial for real estate investors.
• The Analysis Wizard feature bundles many of a transaction’s complex calculations into a simple, step-by-step format that could be great for new investors. 
• Using the Rehab Estimator feature to get real-time, local pricing, and cost estimates for property repairs and improvements can save a lot of time and provide an accurate working budget.

Cons (what can be improved)

• No pricing information is actually listed on the website. You have to sign up for a 7-day trial to view pricing information.
• We were able to locate monthly pricing information only by reading the company’s terms and conditions. Additional fees and setup costs are not mentioned but might apply. 
• You’re limited in how many searches you can save and export. If you exceed the 10,000 monthly property data save/export limit, you will be asked if you want to upgrade plans to allow more searches.