Propstream Complete Start to Finish Tutorial

TL;DR

A comprehensive guide to Prop Stream, a platform that provides data on off-market properties for lead generation and property analysis.

Transcript

what is up guys we are live zakin here with one of the most hyped up videos of the year for me uh in this video we are going to do a complete a to z start to finish guide on prop stream i keep getting asked can you just break down prop stream and hey i would love to break down prop stream but why would i break it down when literally the person that... Read More

Key Insights

• 🥺 Prop Stream offers powerful tools for lead generation and property analysis in the real estate industry.
• 😑 Instead of relying solely on pre-defined lists, users can create their own filters and search for unique situations to find potential leads.
• 🧡 The platform provides access to a wide range of property-related data, including off-market properties, financial information, and owner situational data.
• 👂 Prop Stream's automation tools, such as list automator, help users stay up-to-date with new records and remove outdated ones from their lists.

Questions & Answers

Q: What is Prop Stream?

Prop Stream is a data platform that collects property-related information from various providers and offers lead generation and property analysis tools.

Q: How does Prop Stream help with lead generation?

Prop Stream allows users to build their own leads using the collected data and skip trace those leads for direct marketing, targeting off-market properties.

Q: How does Prop Stream assist with property analysis?

Prop Stream provides detailed property information, financial data, and owner situational data, allowing users to analyze properties and run comps using MLS data and public records.

Q: Can I use Prop Stream for market analysis and finding hot areas?

Yes, Prop Stream offers a heat map feature that shows estimated property values, price growth, and rental values, allowing users to identify hot areas in a market.

Q: How often is the data in Prop Stream updated?

Prop Stream collects data from various sources, which update on different schedules. MLS data is typically updated within 24 to 72 hours, while other data, such as vacant property data from the postal service, may only be updated monthly.

Q: Can I export the data from Prop Stream to use for marketing or analysis?

Yes, Prop Stream allows users to export data, generate reports, and even create their own landing pages for marketing campaigns.

Q: How reliable is the estimated property value provided by Prop Stream?

The estimated property value is calculated using available data but may not consider factors such as property condition or recent renovations. It is recommended to use multiple comps to justify an offer or market value.

Q: How can I find hot leads or unique situations using Prop Stream?

Instead of relying on pre-defined lists, users can create their own filters and search criteria to identify unique situations, such as properties with multiple mortgages or properties with specific characteristics, like sharing a bathroom.

Summary & Key Takeaways

• Prop Stream is a data platform that collects and compiles property-related information from multiple providers, including tax data, mortgage data, property characteristics, and title information.

• The platform offers two main functions: lead generation and property analysis. Users can build their own leads using the collected data and skip trace those leads for direct marketing. They can also analyze individual properties, access financial information, and run comps using MLS data and public records.

• Prop Stream has been in operation for 15 years and offers additional features such as a mobile app, team collaboration, and list automation.