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Investor Number Krunching – A New Web Based Tool

Investor Number Krunching – A New Web Based Tool

There is a mew website, Krunching, that once it becomes known should become as common place in the world of real estate websites as Zillow, Trulia, PropertyShark, RealtyTrak, ForeclosureRadar and all the other innovative sites that are transforming the real estate landscape.

This site is rather unique in it’s approach as it “Krunches” numbers for potential real estate investments, allowing the investor to analyze any piece of property, combining real estate information with the multiple listing service and it’s own set of digital tools that allow the real estate investor to crunch the numbers.

The site, www.Krunching.com is the brainchild of Brian Fudge who aside from being an active real estate investor is a bit of a geek, having worked in the video compression technology field. He has felt that there was a lack of good investing tools available to the contemporary real estate investor.

Krunching has an easy to use interface, with map based displays of comp properties as well as a number of reports that can be generated including cash flow, rental market analysis and market trends. The site can generate some slick reports that can be used for presentations to clients.

The program currently has tow programs with the promise of a third, just for REALTORS®. The first version, the “Visitor” is free and just a teaser of what it can do. The paid version, “Power Investor” is $39.95 a month. The yet unreleased REALTOR® version promises to include everything the Power Investor offers plus it will allow us to brand the reports and be able to send them to our clients and prospects.. Unfortunately, there is not yet a price released for the REALTOR® version. (I emailed them last week when I first stumbled upon the site, but have not heard back yet.)

Both version active allow the user to play with the numbers on an interactive calculator which is pretty cool. If you don’t like the rent projections, lets say, you can get as conservative (or aggressive) as you care to. MLS active comparables are also available for both the free and paid versions.

To include the sold data and access to three years worth of property data you will have to step up and become a Power Investor at the Krunching site. Other advantages to the paid version is you can search by cash flow - how cool can that be? There are a number of other custom features and notices as well.

Now for the sad news…this site is currently only available for properties throughout California and I can not figure out what the plans are for the other 49 states other than the company has plans to expand.

The other issue I am not 100% comfortable with is the fact that the site is owned by a Real Estate Broker. So, I have to question myself if I generate a report for an investor client, will that same client be solicited in the next few days…or will Krunching be looking to me for a referral fee at some point?

Anyway, it is a pretty cool site that I thought I would share. I think I’m going to go ahead and Krunch some numbers on a couple of properties that are on my radar and perhaps report back here.

Blessings to all who read this,

John Occhi, REALTOR®
Century 21 Crest - CrestREO
CrestREO.Com
Hemet - San Jacinto Valley
951-927-9473

CrestREO

Author of "What You Need to Know...About Foreclosure and How You Can Stop It!" - If you are a Hemet or San Jacinto Homeowner.

This blog and the contents written here is the intellectual property of John Occhi, Hemet California REALTOR®. The views and opinions expressed are just that - views and opinions of John Occhi and those who comment. Please note that I am not an attorney or a tax professional and any time I discuss either topic, I suggest you consult with the proper professional for relevant assistance.

This blog is part of the ActiveRain Real Estate Network, which is a social network highlighting the best of Web 2.0. Information is provided with the intent of educating and assisting home owners, home sellers, home buyers and real estate investors with information the can be used to make better real estate decisions.

I am proud to be a full time REALTOR® with Century 21 Crest and the CrestREO Division who is proud to be a contributing member of the ActiveRain community.

Posted Wednesday May 14
( 05/14/08 11:18PM ) — Ray Nellum, Fort Smith Real Estate

John, you pose a very valid concern.  I would be concerned about my client information as well. 

( 05/15/08 01:00AM ) — John Occhi Hemet CA Real Estate

Ray,


 


Yes, this is the way these things start out - free...and then once they have some juice, they think we can't live without them (pay attention AR)

John

( 05/15/08 01:07AM ) — Bob & Carolin Benjamin - E Phoenix Arizona Real Estate

For $40 a month it better do an awful lot. There are a lot of spreadsheets that can be developed for less than $40 a month. Looks as though its only in Calif for the moment.

( 05/16/08 12:06AM ) — Brian Fudge

John,

Thanks for the mention.  We've been busy after launch week and apologize for not getting back to you sooner.  I wanted to comment on the Realtor version and our status as a Real Estate broker.

Our market research has shown that there are two types of investors:  those that prefer a broker to provide investment analysis for them, and those that prefer to do this analysis in a self-service manner.  The latter often spend months researching and contact a Realtor at the last moment in order to facilitate the transaction.  It is necessary for us to be a broker to engage the self-service investor.

We are committed to respecting the relationship you have with the clients you bring to the site.  In fact, since we are a broker we have an even greater need to respect that agency relationship.  When the product is launched, these concepts will be further emphasized in the Terms of Use for that product.  We will never look for a referral fee for someone who is your client.

Beyond that, though, we're interested in providing leads to Realtors.  Our self-service clients will need a local agent to handle the transaction and we're most interested in connecting them with agents who are already using our site and familiar with investment concepts.

The pricing for the Realtor product is still to be determined.  I expect it will be a little more expensive than the Power Investor product.  But because it is efficient to support one Realtor who supports 10 end users, it shouldn't be that much more expensive. 

Thanks,
Brian Fudge
President, Krunching

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