Propelio is a property investing software that claims to help you buy more properties. But what exactly is it, and how does it stack up against the competition? We’ll cover all this and more in our complete review.
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What Is Propelio?
Propelio is a real estate investing platform designed to help professionals maximize lead generation and management. Investing in real estate relies on finding the right properties at the right price.
Finding motivated sellers in the area you’re interested in can be difficult, but Propelio wants to make it easier by bringing the data you need directly to you.
Using Propelio, you can generate up-to-date MLS comps, download lead lists, use the skiptrace function to locate owner contact information, manage leads, and build an investor website.
There are more features built into the platform, so let’s take a look at features, pricing, top alternatives, and our overall take on Propelio.
Propelio’s Best Features
This platform comes loaded with some great features for real estate investors. If you’re looking to generate new leads, create a lead-generating website, create MLS comps, or convert more leads, these features can be handy.
You can generate accurate, real-time MLS comps with Propelio. When you run comps, you get the benefit of seeing street and satellite map views together.
You’ll be able to view the tax information, along with the property owner’s name, mailing address, and the most recent deed. MLS data is updated every 15 minutes, so you’ll never access old information.
Access rich lead lists that show you the most motivated sellers, private lenders, and cash buyers. See who’s buying properties in your area, who’s most likely to be ready to sell, and those who have purchased nearby properties with cash.
Viewing private lenders can help you connect with cash sources to help you buy the properties in which you’re most interested.
Driving for Dollars
We love this group of features. Driving around looking for leads? With Propelio, you can make money doing it.
By using the mobile app, you will see graphs and logs of your driving routes so you can better plan and track your efforts to see where they’re paying off.
The app has built-in skiptrace capabilities (limited to the number of ProCoins you have), so you can find a house you’re interested in and instantly locate the owner’s phone number.
If you’re not able to get in touch with the owner right away, there’s another feature you’ll enjoy: Custom postcards. Just take a photo of the property, and Propelio sends a postcard with your photo and contact information.
When you use Propelio Lead Lists to access cash buyers and motivated sellers, they’ll also help you manage those leads with ease. You can create leads automatically through your daily list or add them manually.
Add notes and details to any lead you choose along with any documents you want attached. You can create Comparative Market Analysis (CMA) reports with one click!
The built-in calendar lets you add and manage your daily tasks, plus assign them to team members if you wish. If you’re working with a team, you can track each team member’s activity on the platform.
Building a real estate investor website is simple with Propelio as long as you make a few adjustments. The process of creating a website starts with a short questionnaire that asks you about the types of properties and sellers you want to locate.
When you’re finished, you’ll have a website pre-loaded with content that is designed to help you rank better in search results and connect with the sellers you’re interested in.
Make sure to edit your pre-loaded content to avoid Google search rank penalties. Duplicate content can hurt your site in the long-run.
You’ll get lead capture forms and tools included with your website to help you capture the visitors that come to your site. Every Propelio website receives a unique domain name so you can own the content that is on your site.
Every website comes with free training, a mobile-responsive design, social media integrations, a website domain name and web hosting, and weekly or monthly reports.
While the websites are nothing special, they’re also not expensive, so it’s a good value for what you pay.
Plans and Pricing
Propelio charges different amounts for varying levels of features. Here’s what you can expect to pay when you use this platform.
14-Day Free Trial
Get a 14 day free trial with all Propelio plans. No credit card is required.
Driving For Dollars — $29/month
Marketing/Websites — $49/month
Pro — $98/month
Propelio uses a unique credit called ProCoins for skiptraces and postcards. Each skiptrace costs 6 ProCoins, and each postcard costs 8 ProCoins. ProCoins cost anywhere from $0.08 to $0.10 each, depending on the plan you choose.
Reading user reviews is one of the best ways to get a sense of how the platform might work for you. Here’s what users are saying about Propelio on the Bigger Pockets forum.
Sarah Hale, real estate investor
“Overall, this software is pretty slick. The way all the information is laid out is really easy to understand and look at. It is a lot of fun playing around with it. Also, since they send you motivated seller lists, they email those to you, and then you will have to put it into your leads list. It’s not built into the software; this might make it easier for you to be able to upload the information to a service you’re using or something. I like it a lot.”
Alejandro Riera, real estate investor
“Good tool for running comps. Needs some polishing for a friendlier interface, but liked the result pages presentation for comps. Can use them in a copy/paste way to fill my deal analyzing worksheet.”
Brady Durr, real estate investor
“I have been using propelio for a few months. I pull nationwide MLS comps and package reports in a nice format. It is crazy easy to skiptrace and send direct mail marketing. Another fantastic source is the free real estate training on the propelio academy. They claim to have spent roughly $700,000 to build the academy and it is free for everyone.”
Top Propelio Alternatives
If you find that Propelio isn’t right for you, take a look at some of the top alternatives to this platform.
- What it does: Run unlimited comps, get alternative leads (like pre-foreclosure leads and probate leads).
- What it doesn’t do: Reviews state that the interface could use some work and that you can’t sort comps according to square footage or price.
- What it does: Run comps, which are sent via email. Unique lead forms that compare MLS data to the market price listed on a property so you can see where you’ll make a profit.
- What it doesn’t do: You can’t get sold price data for broad searches. Instead, you’ll have to narrow it down with qualifiers.
Helping real estate investors access good leads that turn into profit is the primary function of this platform, and it seems to deliver. The top-reviewed features are the instant skiptrace function from the app and detailed lead lists.
User Review( votes)
Propelio has a good reputation among real estate investors for a reason. The top-reviewed features are the instant skiptrace function from the app and detailed lead lists.
Helping real estate investors access good leads that turn into profit is the primary function of this platform, and it seems to deliver.
Users who left reviews for Propelio are often former Podio or FastCMA users that started a 14-day free trial with Propelio and decided to switch.
Should You Use Propelio?
If you’re looking to get accurate lead lists, find owner contact information quickly, build an investor website (and put in the time to update the pre-loaded content), and manage your leads with data and analytics, Propelio could be the solution.