Six ways to use property data to earn more from property

I have been asked by the founder of PropertyData.co.uk to review his latest online software for property people.

I think he deserves more than just my opinion though, so I have promised him that I will ask thousands of landlords to review it – you are one of them, I hope you will help.

Please take a look via the link below …

https://propertydata.co.uk

My first impression was that the software must have cost a fortune to develop and had institutional backing. Apparently not though. Its designer, a chap called Michael Dent, is a life-long software developer and created this software in his own spare time – IMPRESSIVE!

This is what he says about it …….

For years, institutional landlords have used data analysis of the property market to fine-tune their property investment decision-making to maximise profit.

There are now tools available for smaller landlords to make property investment decisions backed by real-time market data, boosting your property returns for a fraction of the money that the big landlords spend.

Here are six ways you can use PropertyData throughout the property investing lifecycle:

1. Pinpoint rental yield hotspots

Rental yield is a key metric for an investment property, and good yield data has historically been hard to come by. PropertyData tracks the top rental yield hotspots in the UK in real-time, with several local areas currently capable of achieving rental yields of over 10%.

2. Analyse the local market

It’s surely true that there’s no replacement for property local knowledge, but PropertyData can help you understand any urban area in the UK from a quantitative perspective. You can define a custom area and then see real-time house prices and rental yields, along with historical capital growth, market composition and local demographic information.

3. Comparables analysis

Many landlords will recognise the experience of sifting through Rightmove or Zoopla to identify comparable properties for valuations. PropertyData makes this easier and faster – jump from local area analytics into individual property fact sheets to fgure out whether a property is fairly priced.

4. Compare areas side-by-side

You can save mulitple areas side-by-side in PropertyData to compare key property market statistics, such as rental yields, average prices and 3-year historical capital growth. As well as reviewing possible investment areas, this tool is great for monitoring how your existing investments are faring.

5. Find investment properties fast

PropertyData’s property finder is the easiest and faster way to find investment property, returning instantly available investment properties that match your budget, location and size criteria, looking only in the areas offering the strongest rental yields.

6. Rent benchmarking

For your current properties, maximising your return-of-investment means ensuring you are charging and appropriate and competitive rent to minimise void periods and make the best monthly return. PropertyData analyses the local rental market dynamics, benchmarking your property against similar properties locally.

PropertyData subscriptions start at £6/month with a 14-day free trial.

Find out more at

https://propertydata.co.uk

REVIEWS

Please, please, PLEASE post your review of this software in the comments below and share this article if you think this software could prove useful for other property people.

Michael will be signed up to receive comment notifications so he will be reading what you have to say and available to answer any questions you may have. Please feel free to add constructive suggestions too, I’d really like to help this guy out. This is NOT a sponsored article, Michael is just a regular business member.

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