Whether you’re new to real estate investing or you’re an experienced pro, you need detailed property insights to beat your competition. That’s why so many investors consider getting a real estate license. Not only does it give them access to the MLS, it gives them multiple options for marketing properties when it’s time to sell.
But you don’t need a license to find the best on and off market deals. Real estate lead generation software like BatchLeads and Propstream can help you find distressed properties, motivated sellers, and undervalued listings at the click of a button. So of the two platforms, which should you choose? Let’s compare them and find out which software offers the most value for real estate investors.
Real estate investment software
Real estate investors use a variety of methods to identify real estate investment opportunities. While you can comb through public records or explore sites like Zillow, one of the most efficient and effective ways to find property leads is using real estate investment software like BatchLeads and Propstream.
These platforms give investors the data and tools they need to find distressed properties and motivated sellers in one place. To get started, all investors need to do is choose their market, select their strategy (on or off market), and choose what type of properties and distress factors they want to target.
Needless to say, this method of lead generation is exponentially faster and more accurate than the lead generation strategies of old. As a result, software solutions like these have transformed the real estate market and are relied upon by most real estate investors.
BatchLeads quick filters allow users to build lead lists in seconds.
What is BatchLeads?
Trusted by more than 10,000 real estate professionals, BatchLeads is one of the industry’s leading real estate investment software applications. From acquisition to disposition, BatchLeads gives investors the data and tools they need to find leads faster, evaluate deals, market more effectively, and connect with homeowners first.
BatchLeads offers nationwide coverage of residential and commercial properties, including property, listing, mortgage and transaction, and valuation data. Alongside in-depth property data BatchLeads provides demographic data and the most accurate contact information in the industry.
To help users get the most from the data, BatchLeads has an array of tools to help users find better leads, target more effectively, and make smarter investments. Here are some of the most popular features:
- Free monthly skip tracing credits
- Motivated seller quick filters
- Driving for dollars
- Intuitive lead scoring
- Comping calculator
- After repair value estimates
- Cash buyer search filters
BatchLeads features and pricing
With nationwide property and homeowner data, BatchLeads is an effective lead generation tool for businesses in and around real estate. With more than 300 data points per property record, BatchLeads is a popular solution for real estate investors, agents, title reps, lenders, and home service providers.
Core features include:
- Desktop and mobile access included with every plan
- On and off market lead filters allow investors to work both sides of the market
- In-app skip tracing with 250 to 1,000 free monthly credits
- Accurate comping data and an in-app calculator simply the process
- In-app marketing tools including direct mail and click-to-dial
- Driving for dollars and virtual driving for dollars tools
- Cash buyer filters make identifying local investors quick and easy
- Nationwide agent database with transaction data and contact information
With contact and listing data for 1.2 million agents nationwide,
users can quickly identify ideal agents in their market.
BatchLeads offers clear and transparent pricing, with additional fees limited to optional in-app purchases for services like direct mail and additional skip tracing. For businesses with 8 users or less, the Personal Basic and Personal Plus plans are the most popular, and both include free monthly skip tracing credits. Here’s how the two plans stack up:
- The Personal Basic plan is $99 per month or $77 per month for users who commit annually and pay for 12 months upfront. The Basic plan provides access for three total users, 250 free monthly skip trace credits, additional skip tracing for 9¢ per record, 10,000 leads per month, and 20,000 exports per month.
- The Personal Plus plan is $299 per month or $233 per month for users who commit annually and pay for 12 months upfront. The Plus plan provides everything in the basic plan and the following enhancements: eight total users, 1,000 free monthly skip trace credits, in-app single-line dialer, lead scoring, discounted direct mail, 30,000 leads per month, and 60,000 exports per month.
All plans include onboarding, making it easy for users to incorporate proven best practices and get the maximum value from the software. For businesses with more than eight users, BatchLeads offers a Team Basic plan with 50 seats and a Team Plus plan with 200 seats.
What is Propstream?
Propstream is another leading real estate investment software platform. Like BatchLeads, the company offers on and off market property insights to help users identify investment opportunities. However, the company’s focus in its literature is the power of its integrated marketing platform, not the accuracy or completeness of its data. While the marketing platform has a number of solid features, the outreach tools for initiating contact are a more limited.
Propstream features and pricing
The data points and search capabilities advertised by Propstream are similar to those from BatchLeads. However, the company does not highlight the quality of its data or offer nationwide listing data. They do not offer integrations or click-to-dial but they do have email outreach, as well as postcard services with volume discounts. They also don’t offer free skip trace credits or agent outreach options, but they do offer skip-tracing services at 12¢ per record.
Both services offer $99 basic plans, however, the Propstream plan includes fewer features and the add-on fees can add up fast. With the Propstream basic plan, there is a $27 list automator add-on that offers enhanced list monitoring and reduces the price of skip tracing to 10¢ per record. The Propstream plan also only includes one user (compared to three users with BatchLeads), and the addition of each additional team member is an extra $20 per month.
Key takeaways
If you are looking for real estate investment software, these are arguably the two most comprehensive platforms on the market. Here are some final points to consider to determine which software provider is right for your business:
- BatchLeads offers free skip tracing credits, listing data, driving for dollars, agent outreach, a mobile app, and multiple users starting at $99/month
- BatchLeads offers free monthly skip tracing credits
- Additional skip tracing in BatchLeads is 9¢ per record compared to 12¢ per record in Propstream
- Propstream’s skip tracing data isn’t as accurate as the contact information provided by BatchLeads
- Postcard costs can be lower with Propstream at high volume, but only BatchLeads offers the option to send letters
- BatchLeads integrates with a host of complementary software, including CRM, project management, communication, workspace, and more
- BatchLeads provides a 22% discount for users who pay the annual fee upfront
If you consider the size of your operation, your needs, and the total overhead from combined plan costs and marketing outreach, the choice should be clear. If you’re looking to empower your business with multiple ways to find real estate leads, quality data you can trust, and effective marketing tools, BatchLeads is the obvious choice.
