🏠 PropStream as a propety evaluator.
What is PropStream? PropStream is a real estate data and lead-generation platform. It aggregates nationwide property data (both on-market and off-market), and gives tools for: - Property search & filtering (160+ million properties) (PropStream) - Comparable sales (“comps”) and market analysis tools (PropStream) - Lead lists & lead generation (off-market leads, distressed properties, pre-foreclosure, absentee owners, etc.) (PropStream) - Skip tracing (finding contact info for property owners) (PropStream) - Marketing tools: postcards, emails, landing pages etc. (PropStream) - Additional tools like rehab/ADU calculators, demographic data, etc. (PropStream) - Lead Automator (automated monitoring of property lists, alerts, etc.) (PropStream) They also offer training: webinars, Academy courses, support resources. (RISMedia) Key Benefits & Value Here’s what you get by subscribing; what makes PropStream valuable: 1. Access to Huge Data Pool 2. Targeted Lead Generation 3. Off-Market Opportunities 4. Marketing & Outreach Tools Integrated 5. Efficiency / Automation 6. Decision Support 7. Training and Support Limitations & Things to Watch Out For To be fair, it’s not perfect. Depending on your use-case, some of these might matter more than others. - CostThe subscription isn’t cheap, especially for higher-tiers or when you want large numbers of “saves/exports” or skip tracing. If you’re only doing a few deals per year, the cost may outweigh the extra deals you get. (PropStream) - Data Accuracy Varies by MarketPublic records / MLS data can lag or be incomplete, especially in regions/counties with less digitization. Contact info may be outdated. So there’s always some risk / validation work. (Real Estate Skills) - Learning CurveBecause it has lots of features and filters, setting it up effectively can take time. If you don’t put in the effort, you may not get full value. (Leni) - Cost of Marketing / Outreach Still RealEven with skip tracing, postcards, etc., you’ll still invest time and money to follow up leads. PropStream gives the tools, but converting leads is another step. - Competition / SaturationOther investors may also use the same data sources. So just having data doesn’t guarantee deals. How you act on that data matters. - Some plans include free skip tracing; some require add-ons. (PropStream) - Free trial (7 days) with some free leads (~50). (PropStream)