Category: Commercial Real Estate
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The Biggest Mistakes You Can Make in the Multifamily Property Business
Beware Pitfalls The multifamily property business can be a lucrative one, but it’s also fraught with potential pitfalls. Investors who make certain mistakes can find themselves in financial hot water. Here are some of the biggest mistakes to avoid: 1. Overleverage One of the biggest dangers in the multifamily business is overleverage. This means borrowing…
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Predicting Owner Willingness to Sell in Commercial Real Estate
Identifying motivated sellers in commercial real estate, particularly multi-family property owners with 4-20 units, requires a multi-layered approach. Here’s how you can refine your search and craft compelling outreach messages: Factors that influence owner willingness to sell: Refining your prospecting on PropWire: Profiling motivated owners: Compelling SMS messages for motivated sellers: Here are some example…
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Effective Tools for Commercial Leasing Agents
Make the best use of your time As a busy commercial leasing agent, there are many tools available to help you work more efficiently and stay organized. Here are some key categories to consider: 1. Customer Relationship Management (CRM) software: 2. Property Listing & Marketing Tools: 3. Document Management & Collaboration Tools: 4. Calendar &…
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Hindsight is 20/20
What I Wish I Knew Before Becoming a Real Estate Broker The allure of real estate brokerage: flexible hours, high income potential, and the thrill of the deal. It’s a journey packed with excitement, yes, but also a fair share of unexpected lessons. Now, with a few years under my belt and some bumps smoothed…
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Magnet Strategies for Attracting Top Agents to Your Team
Building Buzz Growing your real estate team isn’t just about adding warm bodies; it’s about attracting magnetic talent who will elevate your entire operation. But in a competitive market, how do you become the irresistible force pulling top agents towards your orbit? Here are some strategies to electrify your agent attraction: 1. Cultivate a Culture…
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90-Day Real Estate Success Plan
Phase 1: Laying the Foundation (Weeks 1-3) Phase 2: Generating Leads and Building Relationships (Weeks 4-6) Phase 3: Converting Leads and Closing Deals (Weeks 7-10) Phase 4: Evaluation and Growth (Weeks 11-13) Remember: This outline provides a framework for your 90-day success plan. With dedication, hard work, and continuous learning, you can achieve your goals…
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Tailoring Your Approach to Different Investor Types in CRE
Catering to Kings and Queens In the realm of CRE, investors are the royalty – they hold the keys to deals and, ultimately, your success. But just like any royal court, not all investors are created equal. Understanding their unique needs, motivations, and risk tolerance is key to becoming their trusted advisor and closing those…
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How Top CRE Brokers Handle Tough Client Queries
Objections Begone! As a CRE broker, you’re a master of navigating deals, understanding markets, and weaving magic with square footage. But even the most skilled brokers face a common foe: client objections. Fear not, objection warriors! We’re here to equip you with the knowledge and tactics to turn those “no’s” into “let’s do this!” First,…
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The 7 Habits of Highly Effective Brokers
Keys to Unlocking Real Estate Success The world of real estate brokerage is a dynamic and competitive one. Brokers juggle demanding schedules, complex negotiations, and ever-changing market trends. So, what separates the top performers from the rest? What habits do successful brokers consistently cultivate to achieve lasting success? In this blog post, we’ll delve into…
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Know Your Key Performance Indicators (KPIs)
Measuring Success Identifying the top KPIs for top-performing brokers can be insightful for measuring your own progress and aiming for success. Here are some key metrics to consider: Transaction-based KPIs: Revenue and Income KPIs: Lead Generation and Marketing KPIs: Client Satisfaction and Referral KPIs: Additional Considerations: Remember, these are just general metrics, and the most…
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