For anyone trying to break into the profitable yet complex world of real estate investing, the labyrinth of jargon, strategies, and processes can be daunting. However, if you put the time and effort in, the rewards can be enormous.
According to the latest data on real estate investment trends from the Federal Reserve, as of the first quarter of 2023, the total value of the US housing market rose to an unprecedented $36.2 trillion, a stunning 5.6% increase compared to the previous year. This boom can largely be attributed to a post-crash increase in home prices, along with a surge in residential construction across the country.
As new real estate investment opportunities pop up all over the country, more and more real estate investor software solutions are showing their face in the marketplace. We put together this article to break down our opinion on one of the current industry leaders in real estate CRM software: REsimpli.
REsimpli has been showing up on lists of the best software for real estate investors all over the internet, but does it live up to the hype? This blog will expand on whether REsimpli can truly provide a leg-up in the competitive arena of real estate investment, or if its just another flash in the pan start-up.
If you want to learn more about REsimpli pricing, features, and company background from the people behind the company, check out their website today.
Is REsimpli Worth it?
Let’s start by giving some background on REsimpli. Launched in 2018, REsimpli was built by seasoned real estate investor Sharad Mehta to eliminate a wide myriad of pain points that plague real estate investors. After spending years in the industry, Mehta leveraged his extensive experience to create a software designed with the investor’s perspective in mind.
As a veteran of the real estate game, Mehta had seen firsthand how the journey from lead generation to closing deals could be wrought by organizational, time management, and communication issues.
With that in mind, REsimpli was designed to streamline and simplify the operational side of a real estate investment business. By keeping every necessary CRM tool on one simple platform, it can be used by investors to increase productivity, and in-turn, profitability. With a wide array of features, specifically focused on real estate market research and management, it can consolidate operations onto one page – ultimately saving time and money.
Pros and Cons
Like any product, REsimpli has its strengths and weaknesses.
|All-in-one platform: Simplifies your operations and eliminates the need for multiple tools||Stressful: The array of features Might be overwhelming at first.|
|Customizable to your needs: Offers a high degree of customization to fit your business requirements||Pricing: May not fit into the budget of smaller investors or those just starting out|
|Constantly updated: Regularly introduces new features and updates based on user feedback||Dependency: Requires a reliable internet connection to function optimally|
|Excellent customer support: Known for its responsive and helpful customer service||Learning curve: Due to its extensive features, it might require some time to master|
A real estate CRM software is nothing without its features, and REsimpli has an impressively wide array.
REsimpli CRM is more than a generic customer management tool. The system stands out for being one of the few on the market that manages to cover all aspects of CRM in one simple platform. The software includes functionalities such as deal tracking, workflow automation, and contact management all in one place. This comprehensive approach means you can spend less time juggling between platforms and more time closing deals.
Their All-In-One system includes other features such as skip-tracing, a driving-for-dollars app, and property breakdowns.
Built-in Phone System
The built-in phone system takes the hassle out of communications. In real estate investment, a lot of people rely on Dialing Companies which have to be integrated into CRM platforms. With REsimpli, there’s no need to rely on a third-party phone service, as you can make and receive calls directly.
This system allows you to cold call prospects, schedule follow ups with leads, and manage any incoming phone communications with ease. This means you can easily keep your work and home life separate, which is a must in the world of investments.
REsimpli’s Direct Mail feature simplifies and automates the process of sending targeted mail campaigns to potential leads. This includes a range of options from postcards to letters, which you can send directly from the system.
Physical mail can feel like a thing of the past, but in the real estate game, it’s still as prescient as ever. With REsimpli’s direct mail feature, you can choose from 90+ built-in templates for postcards and flyers, or upload your own designs at no extra cost. Their system offers some of the lowest prices for bulk direct mail orders, along with one-off mailing to specific leads.
Powerful Website Builder
As an investor, having a professional and attractive online presence is crucial. REsimpli’s powerful, user-friendly website builder enables you to create your own unique and functional website without any need for coding knowledge.
Their website templates also come pre-optimized for SEO, which can help in marketing, generating leads, and generally increasing your online presence.
This feature allows you to automate your communication process with potential leads and existing clients. It’s like having a dedicated marketing team at your disposal, without the cost of hiring extra labor. Drip campaigns allow you to create a series of scheduled messages – emails or SMS – that automatically get sent out to your contacts based on specific triggers or time intervals.
Whether nurturing a potential lead or maintaining relationships with existing clients, this feature ensures that no contact is forgotten or neglected.
Another standout feature of REsimpli is its Real-Time KPIs (Key Performance Indicators) dashboard. In the fast-paced world of real estate investing, keeping your finger on the pulse of your business’s performance is crucial to maintaining success. This is where REsimpli’s Real-Time KPIs come into play.
This feature offers you a comprehensive view of your business’s health at a glance. You can track vital metrics such as the number of leads generated, conversion rates, deals closed, revenue generated, and much more – all in real-time.
The dashboard is customizable, allowing you to choose the KPIs that matter most to your business. It offers a clear and concise visual representation of your data, enabling you to identify trends, spot opportunities, and make data-driven decisions with confidence.
How REsimpli Compares
Understanding how REsimpli measures up against other CRM software in the real estate industry is crucial for making an informed decision. Each platform has its own strengths and weaknesses, and the best choice will always entirely depend on your specific needs and business model.
In the world of real estate investment software, there are a handful of noteworthy competitors that come up against REsimpli. Let’s take a look at how REsimpli stands up to these alternatives.
REsimpli vs. REIsift
REIsift is another popular choice for CRM among real estate investors, known for its robust lead management and data cleaning capabilities. While REIsift excels in these specific areas, it lacks some of the comprehensive features that make REsimpli a versatile all-in-one tool.
For example, REIsift boasts its compatibility with various Dialing tools, such as Zapier, while REsimpli has its own phone system built right into its functionality.
With REIsift, you might still find yourself needing additional software for tasks like direct mail campaigns, driving-for-dollars, full accounting, and website building among others – functions that REsimpli has already integrated.
REsimpli vs. Propstream
Propstream offers an impressive lead generation and tracking system. Its strength lies in its ability to capture and manage a large number of leads, along with having a huge database of properties to hand, making it a strong contender for larger businesses with high lead volume. This could be applied to commercial or industrial real estate businesses, or investment firms with more team members that have been established for some years.
However, REsimpli offers many of the same features and tools designed specifically for real estate investors, making it a more specialized option. Propstream feels more targeted at agents with a nationwide focus. For smaller businesses or individual investors, REsimpli’s all-in-one approach may offer better value.
REsimpli vs. REI Blackbook
REI Blackbook has a solid reputation in the industry for its advanced marketing tools and features, along with its status as an all-in-one platform. While both REI Blackbook and REsimpli offer a suite of powerful features for investors, REsimpli’s user-friendly interface and built-in phone system give it a slight edge, especially for newer investors.
However, for investors focused solely on improving the standard of their marketing, REI Blackbook’s advanced capabilities could be more appealing.
REsimpli vs. InvestorFuse
InvestorFuse, like REsimpli, offers an all-in-one platform. Known for its strong lead management and follow-up system, it has been a favorite among many investors. Yet, where InvestorFuse falls short is its lack of a built-in phone system and website builder, meaning while it works great for CRM, it’s not as useful for developing a full-scale online presence.
REsimpli offers things that InvestorFuse doesn’t, and for a lower starting price.
REsimpli vs. DealMachine
DealMachine is a platform known for its driving for dollars feature, making it a great tool for those who focus heavily on this approach, especially if interested in off-market properties. However, its narrower scope makes it less versatile compared to REsimpli, which has a driving for dollars system built into its wider software capabilities.
If you’re looking for a comprehensive platform to manage different aspects of your real estate investment business, REsimpli comes with a lot more to work with than DealMachine.
While each of these competitors offers powerful tools and features, REsimpli stands out as an option for its comprehensive array of features tailored specifically for real estate investors. The team behind REsimpli have clearly tried to live to its name, with the system truly aiming to simplify the complexity of investing.
However, as with any business decision, the best choice will depend on your specific needs, business model, and budget. It’s always vital to consider as many personal and professional factors as possible before making your decision.
Is REsimpli Trustworthy Software?
One of the most crucial questions any potential user of any CRM must ask is about the trustworthiness of the software. The short answer for REsimpli? Yes, it’s trustworthy.
You can trust in REsimpli CRM because of its transparent business practices, glowing user reviews, and the founder’s strong, storied reputation in the industry. As such, REsimpli maintains a solid digital security policy to ensure your data is protected from hackers and leaks. They employ high-level encryption and secure servers to protect user information. Additionally, they have a very strong reputation for prompt and effective customer service, known for solving user problems and queries.
We believe that these aspects and more have established a high degree of trust with their user base.
REsimpli – Frequently Asked Questions
Is REsimpli a Legit Software?
Absolutely. REsimpli is a legitimate software platform trusted by numerous real estate investors both in the states and across the world. Its wide range of features, excellent customer support, and a growing user base attest to its credibility.
How is REsimpli Different from Other Software?
REsimpli sets itself apart with its extensive all-in-one platform, specifically designed for real estate investors. This isn’t to say there aren’t other all-in-one platforms out there, but there are few with such a reasonable price point.
In bringing together numerous tools into one integrated system, including CRM, direct mail, a built-in phone system, a powerful website builder, and more, it’s made a strong case for itself as a unique presence in the investment CRM landscape. It is also one of the few platforms that offer features like Drip Campaigns and Real-Time KPIs, demonstrating its commitment to provide comprehensive solutions for investors.
How Much Does REsimpli Cost?
REsimpli offers a tiered pricing structure designed to accommodate different needs and budgets. Their plans start at $99 a month, not including the available free trials and 50% off coupon offers that they provide to new customers. For the most accurate and up-to-date pricing information, please visit their official pricing page.
Does REsimpli Offer Free Trials?
Yes, REsimpli does offer a free trial. This allows potential users to test out the platform and its features before deciding on a subscription. Visit the official REsimpli website for more information about their free trial terms.