Has anyone used tracfax or something similar for their management

[Matt Higgins]

Today I was doing what it is that investors do, meeting with commercial brokers, and begging them for a deal.  It seems no one in my market has an apartment deal, but I still try to suck up all of the knowledge I can.  Today I met with a young broker whose dad runs our market,  it was a bonus that his dad joined us for the meeting because I know he is a busy guy.  The son is doing the property management for several commercial properties and he showed me the software he was using to do it.  the software is called tracfax and here is what it does
1.  Take a picture and describe work to be performed.  The picture is sent with a geo tag so the contractor knows the exact location of the problem

2.  It sends the work order to licensed and insured contractors for a bid.  The contractor is unaware that 10 other people received the same potential job description.  Then you can look over the bids. (this could be amazing for flipping) 

3.  It sends out electronic and legally binding contracts to the contractor and allows you to set a time limit and track the progress 

4.  It allows you to pay the contractor electronically 

I guess it’s a Minnesota company and I’m not sure if it’s specific to our market.  Great idea though and this broker sure seemed to be satisfied with the service they are getting from it.  If anyone has used it I would love to hear about it and if not I will contact them to find out more.