PropStream Review: Pricing, Features & Is It Worth It?

In this PropStream review, we'll dive deep into these questions, unpacking the software's features, pricing, and real-world utility to help you determine whether PropStream could be the tool to elevate your real estate investing journey.

• What Is PropStream?
• How Much Does PropStream Cost?
• PropStream Features & Benefits
• What Are The Pros & Cons of PropStream?
• How Does It Compare Against Competitors?
• PropStream FAQ

Dipping your toes into the expansive world of real estate investing can feel overwhelming, especially when sifting through the myriad of tools promising to supercharge your success. Suppose you've been searching for the right tools to help your business. In that case, there's no doubt you've encountered chatter about PropStream or at least heard someone giving their rendition of a PropStream review (solicited or unsolicited).

In recent months, PropStream has captivated industry attention and rapidly ascended the ranks, becoming a favorite among local property professionals and virtual real estate investors. From managing leads to analyzing properties and crafting marketing campaigns, PropStream claims to do it all. However, instead of simply believing what everyone has to say, we created this PropStream review to help you make up your own mind as to whether or not it's a good fit for your company.

Want To Try Out PropStream Yourself? Use Our Link For A FREE 7-Day Trial!

What Is PropStream?

PropStream is a data-driven real estate investing software that stands out with its comprehensive, nationwide property data. Sourced from county records, MLS listings, and private databases, it offers a vast inventory of over 155 million properties. Detailed property information such as ownership, mortgage history, and tax data are readily available, enabling users to locate properties through various methods like address, assessor parcel number (APN), or geo-searching.

In addition to property search, our PropStream review uncovered the real estate software's uncanny ability to generate leads. Users can generate targeted marketing lists using over 120 property search filters, ensuring a steady stream of motivated sellers. Whether you opt for custom filters or pre-filtered quick lists, PropStream simplifies the task of connecting with potential sellers.

Most notably, PropStream acknowledges the crucial role of accurate, comparable sales (comps) in property valuation. By providing the latest comps from public recordings and the local MLS, it assists users in obtaining reliable valuation metrics. Overall, PropStream is a comprehensive tool for real estate investment, combining property data, lead generation capabilities, and valuation metrics in one platform.

Even though PropStream is one of the most trusted real estate software providers, that does not mean you have to jump into purchasing it right away. It can be worth learning all about its offerings, pros and cons, and features before you make a decision. As a result, we have crafted this PropStream just for you and anyone else who still has questions about the real estate software.

PropStream Pricing: How Much Does It Cost?

PropStream's base subscription is $99 per month, and it provides access to the core features, including online and mobile app usage, nationwide property data, over 120 lead filters, County Records with MLS Comps, and up to 10K property downloads per month.

However, the platform provides a Try A FREE Trial For 7 Days, which allows you to explore its capabilities before fully committing to a subscription.

For those wanting to maximize their experience, PropStream offers additional features at an extra cost. These add-ons, including Team Member, List Automator®, Mobile Scout, and Marketing Tools, give you the opportunity to scale the software to your needs. For instance, List Automator® features daily list monitoring, the ability to monitor up to 2000 properties and list import & append capabilities at 10¢ per property for skip tracing. The Team Member add-on gives full access to PropStream to up to 5 team members per account, with managed permissions and access levels.

Additionally, some functionalities come with a per-use cost - emails are priced at two cents each, and skip tracing costs 12 cents per search.Therefore, The PropStream pricing model, offers full scalability, allowing you to pay for the features you use and rely on.

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PropStream Review: Features & Benefits

Delving into various PropStream reviews, it becomes clear how invaluable this software is for a range of users, from real estate investors sourcing properties to Realtors and property investors seeking reliable data.

The more you explore what PropStream is used for, the more you recognize its potential to empower you to make informed investment decisions.

This comprehensive PropStream review aims to unpack the tool's rich offerings and substantiate why it's worth considering in your real estate endeavors.

Predictive AI Data

PropStream recently upgraded and integrated its infrastructure with proprietary AI Predictive analytics. This new model uses advanced algorithms to analyze variables like property features, home value trends, neighborhood data, and broader economic factors to predict the potential of properties as investment opportunities. It then assigns properties AI-generated scores based on their investment potential; this greatly simplifies deal analysis for investors, as they no longer have to assess the potential profitability of investment property leads manually. They can also easily identify good investment opportunities and dodge the risk of problematic investment properties.

PropStream's AI predictive analytics also enhance property valuation accuracy by considering various variables. With highly accurate property valuations, investors can negotiate better deals and maximize profitability by ensuring they properly value investment properties.

Note the platform's AI predictive capabilities also extend to property photos. It generates AI-based photo insights that allow investors to accurately assess an investment property’s potential without needing a physical inspection.

Demographics Insights Datasets

Demographics are the statistical characteristics of an area or neighborhood's population. These characteristics provide insights into that community's composition, allowing real estate investors to make informed investment decisions. Sadly, most demographic data available online is usually outdated.

On the bright side, PropStream partners with Local Logic to provide its users with continuously updated demographic insight datasets. Now, for each lead uncovered on PropStream, users will get not only owner and property details but also comprehensive demographic data within a 1-mile radius of the property, such as:

• Housing type
• Income
• Average income
• Employment level information
• Income brackets
• Total population
• Household composition
• Highest education level
• Commute

These demographic datasets facilitate market demand analysis, allowing investors to immediately determine whether a lead generated on PropStream is worth pursuing.

For example, suppose a house flipper identifies a single-family property but then, using the housing type dataset, discovers townhomes are the most prevalent within a one-mile radius. In that case, they'll understand that demand for the former might be lower.

This information helps them decide whether to pursue the lead or move on to other opportunities instead of when they'd pursue it without anything to go off of.

PropStream's demographic data will also promote targeted marketing. For instance, if the house flipper chooses to pursue the single-family lead, they’ll be aware that homebuyers in that market prefer townhouses. Consequently, they can employ strategies to make the single-family attractive. These include competitive pricing, aligning amenities with those popular among townhouse residents, or even converting the single-family home into a townhouse to meet market demand.

Other benefits of PropStream's demographic data include accurate property valuation, proper pricing strategies, and risk mitigation. Ultimately, this new feature will enhance a real estate investor’s overall decision-making process and investment success.

Nationwide Reach

Upon the conclusion of our PropStream review, we were impressed by the scale of the real estate software's offerings. If you are serious about purchasing property or pricing it appropriately for buyers, software targeted to your location may not suit your needs. Instead, you may need to find a real estate tool that offers property information from throughout the country.

Unlike many PropStream competitors, this software provides access to data encompassing 153 million properties. Whether you require mortgage history, property owners’ information, tax details, and general property data, you will be able to access it with this one convenient software.

MLS Data

Multiple listing service (MLS) data incorporates property data to connect home buyers and sellers. Such data can be imperative for real estate agents, not to mention cash buyers who are ready to purchase their dream homes. This software incorporates all important MLS details, such as listing pictures, the agent description, property lists pricing, and history, keywords, and any active, pending, sold, or failed listings.

Real Estate Comps

Real estate comps, or comparisons, help agents and brokers determine the price of a property based on sales nearby. This software offers up-to-date comparable data based on local MLSs and public records.

Here's a step-by-step PropStream tutorial video:

You can even pinpoint exact neighborhoods on your property search to ensure you can establish the most accurate pricing. If you’ve been wondering, is PropStream worth it? Then, such a feature could have you believe that it is.

Read Also: Virtual Wholesaling Real Estate: A Step-By-Step Guide (2024)

Target Marketing

After our detailed PropStream review, we came to the conclusion that one of the real estate software's best features was it ability to target specific markets. The built-in marketing feature may appeal if you’re a Realtor trying to target those interested in real estate investing and passive income. This feature allows you to target specific marketing lists with email systems, postcard generators, and more.

It’s such an advanced feature that when you have the PropStream Pro feature, you can create marketing campaigns, landing pages for properties, and manage your contacts in one convenient place.

Rehab Estimator

Understanding your rehab costs is essential if you’re a frequent investment property purchaser. When you know how much labor and materials cost in a specific area, you can determine if a particular investment opportunity will be better suited as a short-term or long-term investment – or even worth investing.

Cash Buyers

Since you can generate targeted leads, which a PropStream alternative may fail to offer, this software is suitable for brokers and agents targeting cash buyers. You can set filters that allow you to match people with property with greater efficacy than many other software types and tools.

Skip Tracing

One of the most remarkable features that appear in many PropStream software reviews is skip tracing. In real estate, skip tracing refers to being able to access homeowner phone numbers and emails, even if a property is sitting with a property manager. Without having to put your investigative cap on, you can access information quickly to find the property address and make quick and easy contact with its owner.

Deal Analyzer

Whether you’re driving for dollars or have keen investors ready to buy, it’s helpful to have marketing tools that help you do the job quickly and effectively. According to many PropStream reviews, this software ticks that box. It has a deal analyzer function that allows you to view the property data available to know with as much certainty as possible that a particular property is a sound investment.

PropStream App (Mobile)

You might think that so many features packed into one type of software would mean that it’s only suitable for use on a computer. However, property brokers and real estate agents spend a great deal of time on the road, which means mobile technology is crucial.

As a result, PropStream is entirely mobile-friendly. It even has its own app. This app allows you to access Google Maps and drive features, search for property addresses, mark favorites, perform homeowner skip tracing, and much more. You can even perform many of your marketing tasks from the app.

Support & Customer Service

The support and customer service available from this software provider are superior to many other software types. Not only can you contact customer support through the website, but you can access various layers of support there, as well.

You can check out the FAQs section, watch videos in the video library, and even attend events and webinars. With the helpful PropStream community, you will be familiar with the intricacies of this software in no time.

What Are The Pros & Cons of PropStream?

Here are some helpful things to be aware of when you’re reading through PropStream reviews:

Reputable Company

Whenever you’re investing money in software to help you do your job, you want to be sure that the company providing it is reputable. It’s even more critical in the real estate industry when dealing with pre-foreclosures, cash buyers, rental property investors, and current property owners.

PropStream is considered the most trustereal estate information provideron for investors, agents, and real estate brokers. Therefore, it has a high standing in these industries.

Ease of Use

PropStream’s user experience is perhaps one of the most significant drawcards. It’s only natural to want to use software that doesn’t require hours of homework to learn how to use. Given the number of features that users have at their disposal, you can expect them to be clearly categorized. It’s easy to find and use when you require a specific feature within seconds.

Its multi-platform flexibility also makes it easy to use. When you're on the go, you can access the features you desire using your computer or mobile app.

Overall Effectiveness

When you compare the overall effectiveness of PropStream to other similar software types, it’s easy to see why it stands leagues ahead of its competition. It boasts over 153 million property records, which means it’s able to capture a broad range of data to give the most accurate picture of property in your area.

Whether you’re a broker, Realtor, or in another real estate career, our PropStream review revealed the real estate software can cater to your unique need for information.

Education

If you are going to have anything negative to say about this software, it’s that there is a lot to learn. Engaging with all the features takes some time and becoming a proficient user. In saying that, you’re not short of educational tools to help.

No matter what information you need or what problem you’re having, there’s a video, guide, or article to assist.

How Does It Compare Against Competitors?

PropStream is one of many real estate software types on the market. Therefore, it is only natural to want to see how it stacks up against others so that you can make an informed choice.

PropStream Vs. REIPro

PropStream and REIPro are very similar software types with many of the same desirable features. REIPro can assist with property campaigns, ordering postcards, skip tracing, and phone scripts. You can even use it to find property details before making automated offers. It’s also available for a base price of $97 per month.

However, compared to PropStream, it’s far more basic. It lacks features if you are using it to do more than simply make an offer on a property. It also cannot help you evaluate potential returns or property rehab costs if you are an investor.

PropStream Vs. Realeflow

Realeflow is another superior real estate tool for analysis and investing. Its packages start from $75 per user and offer a free trial. This software also offers various features like lead capturing, file sharing, email marketing, and client/property matching.

For many real estate agents, it’s an ideal tool for identifying buyers and sellers for a range of properties. In saying that, the interface is not as user-friendly as that of PropStream. What’s more, it has only recently added a mobile app. That means that accessing helpful property information on the road used to be next to impossible.

Read Also: Realeflow Review

PropStream Vs. ListSource

If you’re a real estate investor relying heavily on direct mail lists, you may have wondered whether ListSource was the ideal product for you. It comes from CoreLogic and has a variety of features like property search, homeowner discovery, prospect targeting, and lead generation.

However, it’s light on features compared to PropStream, which means there is a potential to miss out on important information that could sway buyers and sellers. ListSource also operates with per-record pricing. The more filters you add to a search, the more you have to pay. This could mean that ListSource is not a cost-effective option for everyone.

Read Also: ListSource Review: Pros, Cons, Pricing, & More

PropStream Vs. DealMachine

DealMachine is an app that allows you to track property owners' contact information and send them mail solicitations. It’s designed to be simple yet functional. Real estate professionals can identify an address and owner, visit the property, create a postcard, and send it to the owner.

However, the monthly fee for such a limited number of features is far from competitive. You also have to pay for each postcard you create and each skiptrace you perform. With far more features and a more competitive monthly fee, PropStream is a more all-inclusive and user-friendly option for many.

PropStream Vs. Flipster

Some real estate professionals believe that Flipster and PropStream are quite similar. In many ways, they are. Flipster is an all-in-one tool with an abundance of convenient features to analyze data and generate leads. Its base cost is also marginally cheaper than PropStream.

However, it lacks on several fronts, especially regarding lead generation. For the comparably priced plan, many people have experienced a significantly lower number of leads, which can potentially impact their business. In contrast, PropStream offers a higher number of leads while also adding new features at little or no additional cost.

PropStream Vs. REI Automator

When you’re a real estate professional, you want accurate, up-to-the-minute information on both properties and their owners, and with PropStream, you get that. There’s no denying that the features of REI Automator are remarkably similar, but the information doesn’t appear to be updated as regularly on REI Automator, according to some users.

PropStream Vs. Propelio

In recent months, Propelio has been growing in popularity as a viable property investing tool. It offers lead lists, CRM, MLS comps, and competitive pricing. It also allows you to perform skip tracing to find owner contact information.

While it has all the makings of a desirable property investment tool, it does have some shortcomings compared to PropStream. Its comparable sales information is not always accurate. This can be important for real estate agents trying to put accurate prices on neighboring properties.

Read Also: Propelio Review

PropStream Review: FAQs

Our PRopStream review revealed the answers to some of the most important questions you may still have. Let's take a look at what those are.

What is PropStream for?

According to PropStream:

This software is a provider of real estate data for whichever industry professionals require it. It offers brokers, investors, real estate agents, and other users various marketing solutions, real estate data, and investor tools. As real estate investors and brokers, we've focused on its utility to identify great deals across the nation and virtually invest in real estate.

How much does PropStream cost?

Better yet, how much is PropStream per month? For $99 a month, real estate professionals can access nationwide data through PropStream's website and mobile app. The PropStream cost per month provides comprehensive resources for property research and analysis. Enhance your real estate strategy with PropStream's powerful data tools.

Does PropStream give leads?

Yes, PropStream offers the advantage of an immediate generation of targeted leads and marketing lists, thanks to its rich array of over 120 property search filters and various property statuses.

Can you find buyers on PropStream?

PropStream has a comprehensive nationwide property database. The platform's depth stretches beyond just pre-foreclosures and even includes a valuable array of cash buyers. Leveraging the potent tools PropStream provides, the task of identifying a list of cash buyers in your specific market has been simplified.

Does PropStream skip trace?

Yes, PropStream offers a skip trace tool. This is located in the toolbar on the left-hand side of the application. You then follow three steps to select your list, make a payment, and confirm the order.

How often is PropStream updated?

PropStream updates its property information daily, according to its website. In our extensive use of Propstream, we've noticed a delay - as much as seven days - for new MLS listings to populate in the software as "on-market" properties.

Does PropStream have an app?

Yes, PropStream recently released a mobile app. If you’re a property professional who spends a lot of time on the road, having access to the same information as you would get on your computer is imperative. The app is just as intuitive as the computer version of the software.

Where does PropStream get its data?

PropStream pulls its information from a variety of sources so that you can access as much information as possible. It’s able to gather a complete property profile for you, including owner information, homeowners associations (HOA), pending bankruptcies, mortgages, tax records, and more.

Final Thoughts: Is PropStream Worth It?

PropStream is one of many real estate software types and tools on the internet, which begs the question: Is PropStream legit? In a word, yes. However, users will get out of it what they put in. The beauty of PropStream is that it offers something for everyone.

While some tools hone in on a particular real estate investing feature, this software has them all. As a result, you can analyze several different information types until you can make an informed decision about a property’s worthiness for investment.

PropStream is also highly regarded by a multitude of property professionals rather than just one. Whether you’re a broker, investor, wholesaler, or real estate agent, you can tap into whichever resources suit your needs the most.

It’s priced competitively on a per-monthly basis, and you can choose to include add-ons and extra marketing tools as and when you need them. People also appreciate having access to a support network that consists of both company staff and a community of users who can answer your pressing questions.

They offer guides, tutorials, videos, and a FAQ section if you still can’t find the information you are looking for. For marketing properties, buying, selling, and investing, PropStream is a one-stop shop for your needs.

We certainly think it's worth the nominal price tag. Why not check it out for yourself and see if it meets your needs?

We hope this PropStream review answered all of your questions.

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*Disclosure: Real Estate Skills is not responsible for the information provided by PropStream or on its respective website. PropStream is an independent company which provides real estate services to investors. Real Estate Skills trains on using PropStream and the benefits of using the service but is not responsible for the content it provides.