Customer Reviews (500)

TheWillLawrence • 2025-02-28T00:49:07-07:00

The pages are too similar to one another. Just make the main pages information editable and Tomson need the edit page. Make it so you can arrange the information or hide sections. But the tool is powerfull and insistent regularly!

webuyhousesinFresno • 2025-02-27T19:32:08-07:00

I love this app, makes my life easier to make the calculations, I can have all the prices that I need to know just by input the numbers.

JeannaRacquel • 2025-02-19T07:49:54-07:00

DealCheck has been a game-changer for analyzing deals with ease! It allows me to provide my partners with detailed insights on their next projects, including cost estimates and timeframes. Highly recommend this app—thank you!

Summary of Key Insights

DealCheck: Analyze Real Estate is highly regarded by its users, particularly real estate investors, for its ease of use, comprehensive features, and ability to quickly analyze investment properties. The app is praised for its ability to import data, calculate key metrics, and generate professional reports. While the app enjoys widespread positive sentiment, some users have noted issues with data accuracy, feature limitations in the free version, and desired customization options. Overall, the app is considered a valuable tool for both novice and experienced real estate investors.

  • Overall Rating: The app has a very high rating, with a significant majority of reviews being 5-star.
  • Key Strengths: Ease of use, comprehensive analysis features, data import capabilities, report generation, and value for the price (especially the free version).
  • Key Weaknesses: Data accuracy concerns (comps, taxes, insurance), limited customization, occasional bugs, and feature limitations in the free version.
  • Overall Sentiment: Overwhelmingly positive.
  • Score Distribution: 90.8% 5-star, 7.4% 4-star, 1.8% 1-star.

Data & Methodology Overview

  • Data Sample Size: 500 reviews
  • Time Frame: Not explicitly stated, but likely represents a range of reviews over a considerable period.
  • Analysis Methods: Sentiment analysis based on star ratings and review content, keyword extraction to identify frequently mentioned themes, and thematic analysis to categorize user feedback.

Key User Pain Points

  • Data Accuracy: Several users reported inaccuracies in data such as comps, tax assessments, and insurance estimates. This undermines the app's reliability and necessitates manual verification.
  • Customization Limitations: Some users desire greater customization options for reports, input fields, and analysis criteria.
  • Feature limitations in the free version: Some users find the free version to be restrictive and eventually require the paid version to unlock essential features.
  • Occasional Bugs and Technical Issues: A few users mentioned login problems, crashes, and data loss after updates.
  • UI/UX Improvements: Some users want more intuitive navigation and the ability to customize the display of information.

Frequently Requested Features

  • MLS Integration: Direct integration with MLS databases for more accurate and comprehensive property data.
  • Enhanced Customization: More options for customizing reports, input fields, analysis criteria, and branding.
  • Portfolio Management: Features for tracking and managing existing rental portfolios, including rent payments, expenses, and P&L statements.
  • Airbnb Analysis: Specific tools and calculations for analyzing Airbnb investment properties.
  • Improved Comparables Tool: Allow end-users to click through and see more details on the comps.
  • Ability to send a report link and allow the end-user to customize some inputs themselves

Strengths and Positive Aspects

  • Ease of Use: The app is consistently praised for its user-friendly interface and intuitive design, making it accessible to both novice and experienced investors.
  • Comprehensive Analysis: Users appreciate the app's ability to perform a wide range of calculations and analyses, including cash flow, ROI, cap rate, and more.
  • Data Import: The ability to import property data from public records and listings saves users significant time and effort.
  • Report Generation: The app generates professional-looking reports that can be easily shared with lenders, partners, and clients.
  • Time Savings: Users report significant time savings compared to using spreadsheets or other manual methods.
  • Value for Money: Many users find the free version to be highly valuable, and the paid versions offer even more features at a reasonable price.
  • Customer Support: Some users praised the customer support team for their responsiveness and helpfulness.
  • Constant Updates and Improvements: Users appreciate the regular updates and new features added to the software.

Prioritized Action Recommendations

High Priority:

  • Improve Data Accuracy: Address the reported inaccuracies in comps, tax assessments, and insurance estimates by improving data sources and validation methods.
  • Address Technical Issues: Resolve login problems, crashes, and data loss issues to improve app stability and reliability.
  • Enhance Customization: Provide more options for customizing reports, input fields, and analysis criteria to meet the diverse needs of users.

Medium Priority:

  • Implement MLS Integration: Explore integrating with MLS databases to provide more accurate and comprehensive property data.
  • Develop Portfolio Management Features: Add features for tracking and managing existing rental portfolios, including rent payments, expenses, and P&L statements.
  • Refine UI/UX: Improve navigation and allow users to customize the display of information for a more personalized experience.

Low Priority:

  • Add Airbnb Analysis Tools: Develop specific tools and calculations for analyzing Airbnb investment properties.
  • Explore Creative Financing Options: Add more creative financing options with Rentals (ie Refi out as part of a BRRRR analysis).
  • Develop a desktop version: Many users requested a desktop version of the application.

Opportunities for Startup Ideas

  • Hyperlocal Data Aggregation Service: A service that aggregates and verifies real estate data from multiple sources to provide more accurate and reliable information for investment analysis.
  • AI-Powered Investment Advisor: An AI-powered tool that provides personalized investment recommendations based on user criteria, market trends, and property data.
  • Real Estate Investment Education Platform: A platform that offers courses, resources, and community support for real estate investors of all levels.

Trends and Observations

  • High Adoption Among New Investors: The app is particularly popular among new real estate investors who are looking for a user-friendly tool to analyze deals.
  • Preference for Mobile Accessibility: Users value the app's mobile accessibility, allowing them to analyze properties on the go.
  • Desire for All-in-One Solution: Users are looking for an all-in-one solution that combines deal analysis, property management, and portfolio tracking features.

Conclusion

DealCheck: Analyze Real Estate is a highly valuable tool for real estate investors, offering a comprehensive and user-friendly platform for analyzing investment properties. By addressing the identified pain points and incorporating the requested features, the app can further enhance its value and solidify its position as a leading real estate investment analysis tool. The overwhelming positive sentiment suggests a strong foundation for continued growth and success. Overall, the app is highly recommended for anyone involved in real estate investing.

Original App Link

https://apps.apple.com/us/app/dealcheck-analyze-real-estate/id1001869134?uo=2