Rental property investment is on the rise across the world. Online marketplaces, applications, and vacation rental management companies are enabling investors to efficiently list their short-term rental properties on the web. They also help investors in getting renters and managing the ins and outs of short-term rentals.
Unfortunately, the hospitality sector took a hit due to the Covid-19 pandemic. But despite that, short-term rental properties outperformed hotels. According to reports, short-term rentals showed resilience and stronger performance amidst the pandemic.
Travelers on vacations and business trips preferred entire homes, full kitchens, and outdoor spaces due to the social distancing protocols. Now that the restrictions were lifted, rental property investment is set to become even more popular.
Finance and Investment Apps for Android
Are you ready to learn about the best finance and investment applications for Android? If so, then you are in for a treat!
Technology has a lot of applications today. As a result, it’s almost impossible to find an industry that’s not influenced by technological advancements. The real estate sector, for instance, has undergone a lot of changes due to the progress in technology. That’s why embracing Real Estate Technology is crucial for those looking to navigate the complexities of modern real estate with ease and precision.
It’s now common to find short-term rental investors browsing the internet for information on an effective short-term rental strategy as well as where to buy rental properties. Realtors are using social media platforms and online marketing strategies to grow their network and engage possible clients. They can also initiate and complete real estate transactions using an app on an Android device.
Thus, there’s no doubt that technology has changed the real estate industry as well as other sectors in the business landscape.
- Stessa
This application was developed by real estate investors for real estate investors. It’s used by thousands of investors to track properties. Thus, if short-term rentals are part of your long game, find properties that are newly listed on the Roofstock marketplace.
Compared to other platforms, Stessa does not provide the bells and whistles. But it’s a good choice for investors who are getting into short-term rental investing or adding to their existing real estate portfolio.
Investors who open a Stessa cash management deposit account get the opportunity to streamline their property management with online rent collection. The software enables real estate investors to automate the manual parts of rental collection. This includes deposit checks, charging late fees, and monitoring payments for financial reporting.
The best thing about this platform is that it imposes no fees for either landlords or tenants to use online rent collection. Despite that, it provides strong security measures that protect both parties personal and financial information.
- Acorns
This financial application provides users with access to robo-advisor, IRA, and a checking account. It’s a good option, especially, for beginners looking to get into micro-investing.
Micro-investing is a way of investing small amounts of money in the market consistently. It helps to add up your contributions over time. It’s a good strategy for beginners who want to get into the investing tool before diving all in.
Acorns takes a user’s balance and puts it into diversified ETFs. Users then link their credit or debit card account to their Acorns account. The software does a sweep of the account when purchases are made to round up the costs to the nearest dollar and invest the differences.
The spare balance collected from your linked cards is set aside until you hit a $5 threshold. According to the Acorns website, you can invest more than $30 monthly through the Round Up feature. You can also set up a recurring transfer from your linked bank account to your Acorns investment account.
- EquityMultiple
This is a crowdfunding platform that offers investors access to professionally managed commercial real estate. It makes investing in real estate simple for accredited investors.
Equitymultiple is a blend of crowdfunding and a more traditional real estate investment approach. This means a higher return for investors in the sector.
The minimum amount required to open an account with Equitymultiple is $5,000. This is a higher amount compared to platforms like Fundraise and GroudFloor. The good news is that you stand a chance to make higher rates of returns.
Opening an account will enable you to access commercial real estate investments and an easy-to-use website. The platform also stands out from other real estate investing apps since it offers equity and senior debt investments.
- GroundFloor
This is a peer-to-peer real estate lending platform for fix-and-flip properties. Its low minimum investment of $10 opens up direct access to private real estate deals to investors. This allows you to spread your risk and make great returns.
Setting up an account with GroundFloor is quick and easy. Just select the amount you’d like to invest and get started with as little as $10. Create a portfolio of short-term, high-yields, and real estate debt investments based on personal risk or reward profile.
You can also choose to let the investment wizard guide you. That’s all it takes to start getting a possible income. The best thing about this platform is that you can invest with as little as $10 as already mentioned. That means that with an investment of $100, you can diversify into 10 different opportunities.
- Neighborhood Rating
This is an online real estate application that enables investors to have a better understanding of the risks and rewards of investing in various neighborhoods.
An investor is required to enter the property address to receive a neighborhood star rating from 1 to 5 stars. You will also have to enter:
- Median home values
- The neighborhood data
- Median incomes and employment
- Percentage of owner-occupied homes
- HostFully
This is a complete end-to-end property management platform. It enables vacation rental property managers to increase bookings, boost revenues, and provide 5-star hospitality.
The features of this platform include:
- Pricing tools
- Central calendar
- Channel distribution
- Payment processing
- Direct bookings site
- Analytics and reporting
Integrations and marketing partners for HostFully include Paypal, Zapier, and Airbnb.
Conclusion
Today’s mobile applications are developed with the ease of use and the functionality of smaller screens. We selected the applications that have a proven track record. They also have reasonable access to different forms of investment. Moreover, we ensured that we include applications that are suitable for both beginners and professional investors.