In the high-stakes game of real estate investing, skip tracing has become an invaluable tool for investors who want to find and connect with property owners. It allows them to obtain the phone numbers of owners whose properties they are interested in, enabling more effective communication and negotiation. This can satisfy investors’ needs to quickly get in touch with sellers and close more deals faster.
By better understanding the art of skip tracing, real estate investors can more effectively navigate the market and maximize their success.
At its core, skip tracing is akin to detective work, as it entails tracking down individuals or businesses by gathering and scrutinizing various data sources. Within the realm of real estate, skip tracing primarily searches public records, databases, and other resources to uncover contact details of property owners.
This technique proves especially advantageous for identifying owners of distressed properties, absentee landlords, or tax-delinquent property owners who might be more inclined to sell their assets at a discounted rate. This can transform a potentially successful investment into an incredibly profitable venture.
While skip tracing was historically associated with manual investigations and hard work, technologies have emerged to make the process much more straightforward and efficient. With the right software, real estate investors can quickly search for assets and owners in a matter of minutes.
The following is a short list of the best skip tracing software for real estate investors:
REsimpli is a comprehensive CRM tool developed by experienced real estate investors to manage every aspect of their business. Key features include:
The platform allows users to search and manage their organized lead records using filters like property type, ownership status, foreclosure status, and equity percentage. REsimpli is known for its speedy and user-friendly skip tracing process, designed to flag undesirable properties and prevent investor headaches.
Pricing ranges from $99 monthly for the basic plan to $749 per month for the enterprise level.
PropStream offers accurate and reliable nationwide property data sourced from county recordings, MLS records, and private data providers.
Key features include:
Users can access property details, such as ownership history, mortgage history, tax information, MLS details, and nearby comparables. PropStream’s drawing features and parcel lines refine search results even further.
DealMachine focuses on data quality, gathering curated data from multiple reliable providers. Key features include:
Pricing starts at $59/month for starter packs and goes up to $299/month to support an entire team.
Skip Genie is a versatile and user-friendly solution tailored to property investors’ unique needs. Key features include:
Skip Genie offers subscription-based pricing, with plans starting at $58 per month (including 100 searches) and additional searches priced at $0.17 each.
REISift is a comprehensive CRM and business management tool that helps investors scale their sales and marketing efforts. The company’s core product focuses on healthy data management, proper sales focus, and team accountability, enabling customers to achieve healthy scale with more focus, vision, and net profits. REISift pledges to increase net profits and clarity on marketing strategy by tenfold.
Key features include:
REISift offers skip tracing services for members starting at $49 monthly. Skip tracing costs range from $0.17 per record on the lowest-tier plan to $0.12 per record on the highest-tier plan.
BatchSkipTracing is a competitive skip tracing platform for agents, investors, and wholesalers, offering an extensive database and highly accurate data. Key features include:
BatchSkipTracing does not require a subscription commitment and charges $0.20 per result. The platform makes skip tracing hassle-free by delivering results in seconds, providing an efficient and accurate way to get a hold of property owners.
The realm of real estate investing has been transformed by innovative skip tracing tools such as REsimpli, PropStream, DealMachine, and Skip Genie. These platforms offer a wealth of features that enable investors to access comprehensive property data, efficiently search for property owners, and streamline outreach processes. Each tool shares a commitment to delivering high-quality data, user-friendly interfaces, and affordable pricing.
As the real estate industry continues to evolve, embracing the power of technology is essential for success. As you move forward, consider incorporating skip tracing technology into your toolkit to optimize your investment strategies and stay ahead of the competition in an ever-changing market.
