Penny Malone
New Investor looking to do some great deals
26 July 2024 | 19 replies
Create columns for Name, Street Address, City, State, Zip and then contact info: Last Contact, Relationship, Status, Email & Phone.IMPORTANT: do NOT ask people for THEIR business, ask for referrals!
Christopher Davis
Concerning situation with my agent
28 July 2024 | 27 replies
It was a sales contract with, after 9 legal pages of irrelevant information, had a couple sentences added about her commission.I rejected the document, and asked her to provide me with a Property Management Agreement.She then sent me a "Confirmation of Agency Status" one page contract.
Jen Faulkner
Door Locks with no monthly fee?
27 July 2024 | 19 replies
You can access it remotely to lock, unlock, set codes, check status, and even check history.
David Charles Edwards
Selling rental properties and moving into Fixed income for early retirement
27 July 2024 | 108 replies
Status quo2.
Mike Hendrickson
Can I have a rental with a USDA loan?
25 July 2024 | 10 replies
Probably not, because in some states would change the tax status of the property to Secondary which could be a red flag for USDA especially if they are the ones you are making the payments to, which is the case with USDA Direct loans.
Lindsey Bodner
How easy is it to foreclose when selling S2 (Subject to)?
25 July 2024 | 14 replies
So the second knows the status of the first..
Doug Webb
Anyone here hold apartment building in personal name?
26 July 2024 | 23 replies
But then again, I've heard that as long as you keep everything up to par with the llc's basics (separate bank acct, current llc status w state, properly funded, no co-mingling, etc) it holds up in court even if single member.
Robert Rose
How to analyze potential site for first commercial development?
24 July 2024 | 6 replies
You may have a grasp on this aspect, but there are items to consider that can play a big factor when choosing your land such as topography, existing zoning & platted lot status, minimum/maximum requirements such as parking, detention, size of building, setbacks.
McKean Farnell
"I've heard about ChatGPT but I'm not sure how to use it..."
24 July 2024 | 6 replies
Here's a list of tasks where ChatGPT can be particularly beneficial:Initial Client Interactions: Use ChatGPT as the first point of contact on websites to answer basic client queries and gather preliminary information.Property Information: Automate responses to common questions about property listings, such as square footage, amenities, and nearby attractions.Appointment Scheduling: ChatGPT can help schedule property viewings or meetings based on the broker's availability.Market Updates: ChatGPT can be programmed to provide recent market statistics, price trends, or news to clients on demand.FAQs: Handle frequently asked questions about the property buying/selling process, brokerage fees, or other standard real estate queries.Document Explanation: Brief explanations of common real estate documents, terms, and jargons, ensuring clients have preliminary understanding before detailed discussions.Lead Qualification: By asking potential clients a series of questions, ChatGPT can help in initial lead qualification, filtering out those who aren't serious or ready to move forward.Feedback Collection: After a property tour or meeting, ChatGPT can gather feedback, which helps in improving services or adjusting property prices.Recommendations: Based on client preferences, ChatGPT can suggest properties from the broker's listings.Follow-ups: Automated reminders or check-ins with potential clients to maintain engagement.Education: Offer brief tutorials or explanations about real estate concepts, market trends, or investment advice.Localization: Provide information about neighborhoods, schools, and local amenities to clients interested in specific areas.Transaction Updates: Keep clients informed about the status of their property transaction, from initial offer to closing.Referrals: Encourage satisfied clients to refer friends and family by sending automated referral requests or reminders.Networking: Introduce and maintain relationships with other brokers, agents, or relevant professionals in an automated yet personable manner.Maintenance Reminders: For brokers also involved in property management, ChatGPT can remind tenants of maintenance schedules or gather feedback post-maintenance.Reviews & Testimonials: Automate the process of collecting reviews and testimonials from satisfied clients for promotional use.Mortgage & Financing Info: Provide preliminary information on mortgage rates, lending institutions, or financing options available.Training: New agents in the brokerage can use ChatGPT for training purposes, asking questions about company policies, sales techniques, or market nuances.Market Analysis Reports: While detailed analysis might require specialized tools, ChatGPT can give general market outlooks based on data provided to it.By leveraging ChatGPT in these areas, brokers can increase efficiency, enhance client engagement, and free up time to focus on relationship-building and closing deals.
Varun Hegde
CFD Seller missing borrower's DL or proof of title insurance - is this a red flag?
24 July 2024 | 12 replies
I have the original CFD doc though so not concerned about the recording status.