Over the last 18 months I have managed the rewrite of several software tools my partners and I use in our investing businesses. When we embarked on this journey we had very high hopes. We were going to outsource. The outsourcing firms give really GREAT interview, by the way.
Our list of “benefits” was long. We [...]
The title sounds ominous huh?
What do I mean by the accidental real estate investor? The accidental investor is one who mostly flies by the seat of their pants. They jump from one thing to another trying to make a deal work. They more often than not run their business in a very haphazard manner. They [...]
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The second half of it was an open discussion on finding, vetting and tracking private lenders as relationships are developed.
I demonstrated the software we use to do that and opened a Pandora’s box. The conversation turned from managing the relationship with private lenders to “How can I get my hands on THAT software?”
I promised them [...]
Continue reading about The Second Private Money Session Went VERY Well
Think about it. There you are. You want to invest in real estate but you are afraid and unsure and concerned about the risks.
But, what if you had a successful investor looking at the details of your deal and whispering the right questions to ask in your ear? What if they could point out additional [...]
Continue reading about What If You Could Get Inside the Mind of a Successful Investor?
CRM stands for Customer Relationship Management. It is a bit of a misnomer because you never really manage the relationship you have with your customer but it is the term adopted when SFA – Sales Force Automation – became passe.
I am a firm believer in the use of a good CRM system in any kind [...]
An active real estate investor is likely to get overwhelmed by the amount of paper work they have to generate, revise and track. You make offers; they get countered; you get agreement; maybe you assign the deal for a fee; maybe you close on it; you find a tenant; sign a lease; it just never [...]
Continue reading about Technology for Real Estate Investors – Document Automation
QuickBooks® is a great option for real estate investors and property managers. However, like any great tool unless it is used correctly it can cause more harm than good.
I have been watching a few topics on the Twitter stream and there are lots of investors using QuickBooks. There is almost no end of exchanges between [...]
Currently we must support a number of applications that interact with each other. The goal for 2009 is to consolidate those into a seamless experience for the user.
The applications used are:
FastDraft from Valeo Software for document assembly
Our internally developed CRM/ERP application to handle the management of the rental portfolio
Our internally developed CRM/ERP application to handle [...]
Continue reading about Software Development Calendar for Q1 of 2009
The majority of people who want to invest in real estate fail in their attempts. Of the ones who don’t fail, few make any significant money.
The question is, why?
If you talk to successful investors you will hear things like, they weren’t serious enough about it, they didn’t work hard enough, they didn’t learn what they [...]
Over the last year I have been much more involved in the day to day minutia of real estate investing than ever before. Sure, I have been investing since 1984 but never really looked at the systematic process.
There are lots of inefficiencies in real estate investing. I came to that realization while trying to get [...]
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