How is readcheck any different than using raindrop.io?
HN user
Dbtabachnik
I actually think your views are somewhat misguided. Here are a few reasons: (1) you are looking at residential properties (1-4 unit dwellings, and likely just single family households) which should not be considered "real estate investing". The idea behind this, which is shared amongst the commercial real estate community, is that you should purchase a home you can afford that fits your needs, lifestyle, and wants because it more often than not is going to be an emotional based purchase. (2) Actual real estate investing is done in the commercial and industrial sectors as you're adding value to properties, decreasing vacancy, or optimizing operations (NOI). Yes, there are many investors that focus solely on single family (residential) properties but it typically attracts "want to be" investors. (3) investing in residential properties to rent by bedroom or house is usually not going to lead to significant ROI as you will be tying up your capital for insignificant rent that you could otherwise invest in a treasury and make the same amount with less risk.
Who likes spending hours trying to find the owner of that business? I spent a few years manually looking up those owners for people, so I think I've become really good at finding information about you.
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Why do you only focus on residential PMS's? From my perspective, I think commercial property management would have a larger opportunity to leverage APIs for market analytics, pro formas analysis using KPIs talked about in earlier parts of this thread, and DD (historically one of the biggest pain points for RE).
Credentials: Sr Product Manager at Amazon in the RE Team (Amazon Fulfillment), former BTS commercial property developer, and current luxury residential Real Estate agent with MLS access.