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.
Edwin Perez
New investor in California
22 July 2024 | 15 replies
I'm a local broker, lender, investor, and I manage 100+ STR/MTR properties.
Shelby Scarborough
Hello BiggerPockets! New PRO here
23 July 2024 | 16 replies
We are a Property management company in Alabama and we can also help you find a great investment property.
Theo Seng
First house flip in Alabama
23 July 2024 | 4 replies
If solid comps are showing 120k, you should be good, "if" you have solid rehab numbers.When I run numbers for a flip, I take the worst case scenario on everything, then if I still have 20k profit(after commissions, holding costs, insurance, closing assistance) I will proceed.
Jagan Reddy
Cost segregation and schedule E taxes
18 July 2024 | 7 replies
AI can connect you with our cost segregation specialist if you have any other specific questionsGino
Vivek Kumar
People with poor credit but seems due to living on cash
22 July 2024 | 17 replies
definitely. i have got the details from them for their existing landlord. however, that name does not match the owner on the city tax office property records. and they have confirmed that they provided the landlord's details, not the property manager's details.I believe that should match or it is possible to not match?
Gino Barbaro
Do You Need To Change Your Investment Strategy In The Market Cycle?
23 July 2024 | 4 replies
@Arn CenedellaEasier to manage, less cap ex.
Patty Tower
Paying off Debt While Investing
23 July 2024 | 28 replies
Marketing costs right now are roughly $1500 per month to make one wholesale deal of about $15K.
Ted Purnell
New to the Community
22 July 2024 | 2 replies
I am new to the community, working on acquiring my first small multi family property, likely through syndication depending on the scale of the property and associated costs.
Sam P.
What cap rate do you all look for when investing in a duplex or multi-plex property?
22 July 2024 | 10 replies
I was even looking at 4 unit multiplex in Oakland, CA since I'm from the Bay Area so I can easily manage it myself but that place is such a mess.