Skip Genie Review: Pricing, Features & Benefits
Mar 28, 2024Some years back, real estate investors seeking property owners faced arduous legwork. Fast forward, the process is much easier thanks to the advent of skip-tracing software like Skip Genie.
Skip Genie allows investors, from wholesalers to house flippers, to find property owner data in just a few clicks.
This article will comprehensively evaluate Skip Genie, outlining its features, data sources, advantages, drawbacks, and how it fares against the competition; this will aid you in determining whether you need to add it to your real estate investing tech stack.
- What Is Skip Genie?
- Skip Genie Software Features And Benefits
- How Does It Compare Against Competitors?
- Skip Genie Pros & Cons
- Skip Genie Pricing & Costs
- Skip Genie Software FAQ
- Is Skip Genie Worth It?
What Is Skip Genie?
Skip Genie is a skip tracing software that helps real estate investors and users identify properties.
Skip Genie also offers coaching sessions designed to teach its users how to identify the most promising investment properties. It then provides them with the tools they need to obtain accurate contact information to move the deal forward.
Skip Genie offers users a monthly subscription that includes 100 monthly searches, with an added fee for any additional searches.
Read on to learn more about Skip Genie’s features and how it compares to its competitors so you can decide if this software is a good fit for your business. If you think it may be, contact Skip Genie for a demo.
Skip Genie Software Features And Benefits
Skip Genie's features are designed to help investors identify potential deals and gather accurate data that enables them to move forward by reaching out to homeowners to find motivated sellers. Here's a closer look at the features that Skip Genie can offer your business:
Skip Tracing
Skip Genie’s Tracer function is designed to offer access to data that will help you gather critical contact information, such as cell phone numbers, to identify homeowners most likely to sell. Skip Genie data is built on proprietary algorithms applied to a wide variety of sources, which Skip Genie states helps it provide accurate data.
Each report on an individual contains associated property addresses, phone numbers, and any other entities related to the subject. If you run a property report, you can search for a property address to pull up all associated people, their contact information, and their other properties.
Skip Genie offers cross-referencing to help ensure accurate information. It relies on the breadth, accuracy, and recency of its data.
Bulk Search
Monthly subscribers automatically have access to Skip Genie’s bulk skip trace service. To access this feature, simply download Skip Genie’s bulk submit template. Then, input your leads and upload the list back onto the site. Results are available in less than 48 hours.
Education
Skip Genie's primary means of educating its subscribers is weekly coaching. In addition to the live weekly webinar, subscribers can rely on past webinar clips available via the website.
Clips cover closing deals, getting rid of squatters, and negotiating with homeowners. They also include reviews from current subscribers on how they use Skip Genie to engage with property owners and their results.
In addition, Skip Genie provides a wealth of information through its blog. To support their efforts, subscribers can request Skip Genie's call scripts by contacting customer support.
The Tracer
The Tracer is at the heart of the Skip Genie platform. Here, you input a name or property address to find the data you need to identify homeowners and proceed to the next step in finding deals.
Cross Referencing
Skip Genie offers built-in cross-referencing. Subscribers simply click on an associated address or individual and run another report in real-time for one additional credit.
Data Management
Developed specifically for investors, Skip Genie provides only basic data, such as the owner’s name, mailing address, phone number, email address, and, sometimes, information on relatives. Skip Genie is not designed to serve as a customer relationship management platform but is primarily limited to being used as a skip tracing tool.
Coaching
Skip Genie appears dedicated to ensuring that its subscribers master its platform and how it can be used in real estate investing. It holds a live weekly webinar every Wednesday, beginning at 7 p.m. CST, and provides access to past webinars archived on the site.
Users can also input questions on the platform's coaching page, including the offering name and email and an explanation of why it is being involved. Skip Genie's co-founder Larry Higgins conducts the coaching. Subscribers receive an email with information each week.
How Does It Compare Against Competitors?
Skip Genie markets itself as a useful tool for real estate skip tracing, but how does it compare to its competitors? Let's take a look:
Skip Genie vs REISkip
REISkip promises to use data from all the large data companies, claiming that other software companies gather data only from a single big company. However, this claim is difficult to substantiate because skip-tracing software companies seldom declare where they get their data.
One clear difference between Skip Genie and REISkip is in the pricing. REISkip's pricing is based on a per-record cost of 15 cents per match found, which means it does not charge for searches that have no matches. However, unlike Skip Genie, REISkip does not have subscription pricing that includes free searches.
Skip Genie vs BellesLink
BellesLink offers several features in addition to a skip tracing feature. These include a business phone system, a contact dialer for cold calling campaigns, two-way text messaging, bulk text messaging, task reminders, contact management, and the ability to tag contacts.
BellesLink pricing is much more complex than Skip Genie pricing. It offers both "pay as you go" and two subscription-based pricing options, each with a varied list of services, including texting and a business phone system.
Skip Genie vs Spokeo
Spokeo does not market itself as a real estate investment tool but rather as a people search tool that uses public records and social media, such as LinkedIn, to gather information. Its target audience is people trying to identify the source of nuisance calls or texts, connect with lost friends, and learn about online sellers.
It also appears to target those vetting potential boyfriends or girlfriends. Spokeo's accuracy is questionable. In fact, the company admits on its website that it understands that some of the information in its search results includes old and inaccurate public records information. Spokeo does not list its pricing on its website, which makes it far less transparent than most skip-tracing software platforms.
Instead, it instructs users to generate a search to see the "pricing that is available" for them. Spokeo does not appear to be a useful tool for real estate investors compared to other options, including Skip Genie.
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Skip Genie vs BatchSkipTracing
BatchSkipTracing claims to be the go-to skip-tracing platform for investors, real estate agents, and wholesalers to identify motivated sellers. The company states that it aggregates over 10.5 billion data points to help ensure the accuracy of the reports it provides to real estate professionals.
Skip Genie does not disclose the number of data points it uses and does not provide any concrete information to support its claims of accuracy other than posting positive customer reviews on its website. Rather than subscription-based pricing allowing a set number of searches, BatchSkipTracing charges 20 cents per result.
Skip Genie Vs. PropStream
Although they share some similarities, Skip Genie and PropStream are two entirely different real estate software. Skip Genie is primarily a skip tracing tool and only offers functions related to the same.
PropStream, on the other hand, is a comprehensive real estate lead generation software. Its skip tracing feature has over 155 million property records, including MLS data, in its database and 120+ filters to fine-tune your search. Thus, it offers a much smoother skip-tracing experience than Skip Genie’s.
Furthermore, PropStream provides real estate comps, rehab estimators, deal analyzers, and mobile apps. The platform also boasts a built-in marketing feature designed to support target marketing and, even better, offers some lead management features that allow for seamless lead list management.
PropStream is ideal for investors seeking a comprehensive lead generation solution. Skip Genie, on the other hand, is excellent for users who need a specialized skip-tracing solution.
Skip Genie Pros & Cons
Skip Genie makes everyday operations for wholesalers, house flippers, and even hybrid real estate investors seamless with the following pros:
- Comprehensive skip traces: Skip Genie yields incredibly comprehensive skip traces. For each search you perform, the software generates the property owner’s name, multiple phone numbers (where applicable), and even the associated property addresses of other homeowners likely to sell. It also generates the contact information for associated people. So, if you can’t reach the owner with the provided details, you can try to find them via their contacts.
- Supports bulk search: Do you have a list of property owners you’d like to find? Skip Tracing supports bulk searching to simplify the process. Instead of manually skipping tracing every individual, you only need to upload the list. Skip Genie will generate each property’s owner contact and their associated contacts in just 48 hours.
- Real estate coaching: Skip Genie hosts live weekly webinars to assist its users in maximizing the platform’s potential. The webinars cover various real estate topics, including effective negotiation strategies with property owners, closing deals with Skip Genie, and even wholesaling insights from other investors. Additionally, should you miss out on a webinar or cannot tune in at the time of the live, the moderators leave the webinar clips on the website so you can always listen at your convenience.
- User-friendly interface: The platform has an incredibly straightforward interface that even the less tech-savvy can easily navigate.
- Positive reputation: Skip Genie boasts many positive reviews and testimonials from happy users on sites like Bigger Pockets and Software Suggest. It’s also quite well-rated, proving it delivers on its promises.
Although great, Skip Genie isn’t perfect. Here are some cons to keep in mind as you invest in the platform:
- No lead management: Unfortunately, Skip Genie lacks lead management features like CRM; this makes managing the data you generate somewhat tricky.
- No free skip traces: Although Skip Genie offers a free demo and free trial on request, the platform does not offer skip traces. Plus, the free trial request process is a bit hectic.
Skip Genie Pricing & Costs
Skip Genie offers 100 searches at $58 per month. Any additional skip traces will cost 17 cents only. Unused skip tracing credits are non-refundable and cannot be rolled over to the next month, so make sure to exhaust your 100 searches.
Skip Genie Software FAQ
Real estate software can be a critical tool for investors. However, with so many options, it can be difficult to determine the best skip-tracing tool for your business. The following questions and answers may help you decide about Skip Genie.
The cost of Skip Genie is $58 per month. Subscribers can conduct 100 searches under the plan. Additional searches may be conducted at an added cost of 17 cents per search.
How Good Is Skip Genie’s Data?
Skip Genie claims that it has set the standard for REI skip tracing. It has now released version 5.0, which will raise the bar further. The company claims that if you can't find what you need using its software, you are unlikely to find any other software that works. The company also has reviews posted on its site that attest to the accuracy of the results.
How Do You Use Skip Genie?
Skip Genie subscribers are encouraged to identify potential properties in one of three ways: building a list by reviewing public records, noting any return mail from direct mail campaigns, or simply driving around and looking for distressed properties.
Skip Genie then helps you find critical contact information through its Tracer feature. You can enter addresses or names individually or upload a bulk list.
Once you have the contact information needed for engagement, Skip Genie's coaching feature will provide tips and best practices for closing deals.
How Do I Cancel My Skip Genie Subscription?
Skip Genie makes it easy for users to cancel their subscriptions. Subscribers must only log into their account, click on "subscription," and confirm that they wish to cancel. Skip Genie does not offer refunds.
How Can I Reach Out To Skip Genie Customer Service?
Based in Houston, Skip Genie customer service can be reached by phone at 713-999-6266 or via email at [email protected].
Final Thoughts: Is Skip Genie Worth It?
Skip Genie is an excellent solution for real estate investors who’ve already established a lead generation and management tech stack and only need a skip tracing solution.
It has a user-friendly interface, yields comprehensive skip-traced data, and even supports bulk searching. While it lacks lead management features, users can directly integrate their direct mail campaigns for seamless lead outreach. In a nutshell, the platform delivers on its part.
Are you a beginner or skilled real estate investor looking to scale your investing strategies? Sign up for our free training to unlock wholesaling and flipping houses from the MLS secrets.
*Disclosure: Real Estate Skills is not responsible for the information provided by Skip Genie or on its respective websites. Skip Genie is an independent company that provides real estate services to investors. Real Estate Skills trains on using Skip Genie and the benefits of using the service but is not responsible for the content it provides.