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When you buy a home with Propbee, you could get up to 1% of the purchase price back as a rebate at closing. We do this by splitting the commission we negotiate with the seller’s agent three ways—giving one-third directly back to you, the buyer.

Yes, Propbee is offering this service free of charge to everyone… Users can even customize the default assumptions and see the calculations results as many times as they want and for as many properties as they wish.

Yes, Propbee provides the ability to change or customize roughly 50 important parameters used in the original calculations… The user can change any or a combination of them to see the performance of the property under different circumstances.

On the revenue side, Propbee monitors the rental market prices in every market it operates every day. The critical piece is to come up with a realistic rent estimate for your target property. On the expense side, Propbee monitors all public websites for up-to-date real tax information. In addition, Propbee works with various vendors to calculate realistic insurance, renovation, turn, maintenance, financing costs, as well as property management costs. Finally, Propbee uses a proprietary world-class model to create a realistic cash flow statement which an investor can rely on.

Propbee tracks every property listed in MLS as rentals within each target market. Using an AI-assisted simulation model, a proximity boundary is created to filter all the comparable rental properties to the target property. Afterwards, using this selected comp set, Propbee estimates what would be the rent level for the target property using a proprietary calculation method. The users can also see all the locations of active and inactive rental properties that are close to their target property on a map within the Neighbourhood Insights tab.

Propbee provides an estimate of a Cash to Close statement which takes into account not only the purchase price of the property but also various closing costs an investor would face at the closing meeting. By knowing a good estimate of cash required, investors are able to pick the right properties for their budget and avoid any last-minute surprises in their journey.