Real estate business – Josh Adams Realtor http://joshadamsrealtor.com/ Thu, 07 Oct 2021 09:25:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://joshadamsrealtor.com/wp-content/uploads/2021/10/josh.png Real estate business – Josh Adams Realtor http://joshadamsrealtor.com/ 32 32 Tightening Conditions for Real Estate Business in Vietnam – Real Estate and Construction https://joshadamsrealtor.com/tightening-conditions-for-real-estate-business-in-vietnam-real-estate-and-construction/ https://joshadamsrealtor.com/tightening-conditions-for-real-estate-business-in-vietnam-real-estate-and-construction/#respond Wed, 06 Oct 2021 13:08:03 +0000 https://joshadamsrealtor.com/tightening-conditions-for-real-estate-business-in-vietnam-real-estate-and-construction/ To print this article, simply register or connect to Mondaq.com. The Vietnamese Ministry of Construction is holding consultations with organizations, individuals and experts on the draft decree on Vietnamese Real Estate Law. The notable point is that the draft regulation is stricter than the conditions for real estate business when it is proposed that organizations […]]]>

To print this article, simply register or connect to Mondaq.com.

The Vietnamese Ministry of Construction is holding consultations with organizations, individuals and experts on the draft decree on Vietnamese Real Estate Law.

The notable point is that the draft regulation is stricter than the conditions for real estate business when it is proposed that organizations and individuals must set up companies or cooperatives in the same sector to do real estate business.

As a result, when setting up a real estate company, companies should disclose information including name, registered office address, legal representative, phone number and information relating to real estate set up in the company. on the company web portal, the web portal of the provincial housing authority where the company registers its activity and where real estate is invested in the company.

In the case of being an investor of a real estate project, in addition to the above provisions, the owner’s own funds must be at least 20% of the total investment capital for projects whose occupancy scale of soil is less than 20 hectares. For projects of a scale of 20 hectares or more, this level is 15%.

The draft decree on Vietnamese real estate law

The draft decree also mentions more specifically organizations, households and individuals carrying out small-scale and irregular real estate activities. Accordingly, small real estate business is defined as cases of sale, rental, hire-purchase of houses and construction work, transfer, hire or sublet of land use rights below the area for the construction of houses and works prescribed by the Provincial Committee.

Irregular real estate affairs include cases such as the sale or transfer of houses and construction work due to bankruptcy or dissolution; sale, transfer, hire-purchase of real estate belonging to the State when this is authorized by the competent public bodies; Credit institutions sell or transfer houses, works, projects under guarantee or mortgage to collect the debt.

According to the draft decree, these groups are not required to meet the above conditions but must declare and pay taxes in accordance with the regulations.

In addition, the Ministry of Construction is also collecting opinions for the draft decree sanctioning administrative offenses in the construction field. This draft decree provides a number of new points on fines in real estate matters, construction offenses, remedial measures, and penalties for illegal construction.

This project has increased the level of fine from 1.5 to 2 times compared to the level of fine specified in Decree No.139 / 2017 / ND-CP (Decree 139) stipulating the sanction of administrative offenses in the activities of investment in construction. In particular offenders in the field of construction order and real estate affairs, with fines of up to VND 1 billion.

In addition, the draft decree increases the fine up to VND 800 million for certain acts of real estate activity such as the transfer of all or part of a project without guaranteeing the prescribed requirements or conditions, the handing over of houses and construction works to clients when the investment in housing construction has not been completed, construction works and technical and social infrastructure works according to the schedule indicated in the approved project, connection with the common infrastructure system in the region is not yet secured; illegally mobilize or appropriate capital; using capital raised from organizations or individuals or money advanced from buyers, tenants and tenants to purchase future real estate for improper purposes, as promised.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

POPULAR ARTICLES ON: Real estate and construction in Vietnam

Choose a real estate agent

Kells

Choosing a real estate agent is a business decision, so you need to employ the best person for you and your expectations.


Source link

]]>
https://joshadamsrealtor.com/tightening-conditions-for-real-estate-business-in-vietnam-real-estate-and-construction/feed/ 0
Big Tech will disrupt the real estate industry | Think real estate https://joshadamsrealtor.com/big-tech-will-disrupt-the-real-estate-industry-think-real-estate/ https://joshadamsrealtor.com/big-tech-will-disrupt-the-real-estate-industry-think-real-estate/#respond Sun, 03 Oct 2021 20:00:10 +0000 https://joshadamsrealtor.com/big-tech-will-disrupt-the-real-estate-industry-think-real-estate/ How real estate agents can be part of the disruption Believe it or not, there was a time when people who wanted to buy or sell a house had to know a real estate agent, or at least know someone who had. There was no internet, and other than the real estate section of the […]]]>

How real estate agents can be part of the disruption

Believe it or not, there was a time when people who wanted to buy or sell a house had to know a real estate agent, or at least know someone who had. There was no internet, and other than the real estate section of the newspaper, there was no place to go to find a list of homes for sale unless you walked into a real estate office.

Obviously fewer and fewer agents remember such a moment. Real estate listings have been available online for decades, and buyers and sellers are more likely to find an agent on the Internet than anywhere else. They can also get free home valuation estimates and access online brokerage houses and real estate listing sites that will pay cash for their home.

It’s no secret that real estate agents will continue to face an endless wave of new business models. But the truth is, the battle for the real estate consumer has only just begun.

Watch a multi-billion dollar competitor

Agents not only need to worry about companies like Redfin, Zillow, and OpenDoor gobbling up real estate, but also the multi-billion dollar big tech industry because it’s on the way.

Just as Uber has become the largest taxi company in the country and Airbnb has become the largest accommodation provider, there will be a tech company that will become the largest real estate company in the country. It is also very likely that newer big tech competitors will go after the typical six percent commission. They will still need real estate agents, but because they are able to reach the consumer first, they will give agents two-thirds of what they would usually earn and keep the remaining 33% to themselves.

This means that every real estate agent will have a choice to make: give in to the new wave and be ready to work at the mercy of big tech, and for less money, or find new ways to create value and achieve. consumers first. If they choose the latter route, agents must use technology in a completely different way than they do today.

Think about how today’s biggest real estate portals attract businesses – they combine technology, data, and compelling marketing hooks. To compete, real estate agents will have to do the same.

It is simply not enough to state that you are a licensed real estate agent who has completed X number of deals. Nobody cares. The question is, what value do you really bring to the table?

It’s time to take charge

Real estate agents who thrive in the future will need to be marketing experts, especially video marketing experts. But it’s not just about being active on social media, it’s about creating content that has nothing to do with real estate and becoming the online ambassador of your community.

Unfortunately, around 80% of the content that most real estate agents post on social media is about themselves. They don’t post anything about farmer’s markets, local nightlife, great restaurants, car shows, or where to find the best margarita.

People shouldn’t have to go to Yelp or the local newspaper’s website to find out where to eat or where to ride their dirt bike. They should come to you.

Use video to become the “digital mayor” in your market. Be a thought leader and a content provider. Create engagement and build audiences. Find all the tools, resources and expertise you can bring to it: the solutions are there. And when your audience wants to buy or sell real estate, remind them that’s what you are doing.

Until now, the real estate industry has been protected against the forces of major disruption. But that’s about to change. When this is the case, only real estate agents who adopt an entrepreneurial mindset and leverage all the tools and resources they have to own their market will fare well.

When you talk about six percent commissions, the biggest assets most people own, and a multi-trillion dollar industry coming after your business, you can’t afford to be cowardly about it. video marketing and social media. You must be part of the disruption.


Craig Sewing is a nationally recognized thought leader, speaker and media entrepreneur today. As CEO of Ignite Now Media and creator of the TV show “The American Dream”, Craig turned out to be a David vs. Goliath story, creating an entrepreneurial media model, battling negative news cycles, with stories that unite and inspire. . He speaks vocally about the great opportunity to be successful in today’s digital age, while not forgetting the old-fashioned values ​​of hard work and relationship building. Contact Craig at craig@craigsewing.com.



Source link

]]>
https://joshadamsrealtor.com/big-tech-will-disrupt-the-real-estate-industry-think-real-estate/feed/ 0
How YouTube’s Algorithm Can Make or Break Your Real Estate Business https://joshadamsrealtor.com/how-youtubes-algorithm-can-make-or-break-your-real-estate-business/ https://joshadamsrealtor.com/how-youtubes-algorithm-can-make-or-break-your-real-estate-business/#respond Thu, 30 Sep 2021 00:46:11 +0000 https://joshadamsrealtor.com/?p=53 Back in 2019, Texas-based eXp Realty agent Kyle Handy made a video for his YouTube channel titled, “eXp Realty Training – 10 Things to Do FIRST After Joining eXp Realty.” The 25-minute video eventually racked up more than 15,000 views, and helped Handy build a following that today has reached nearly 10,000 subscribers on his […]]]>

Back in 2019, Texas-based eXp Realty agent Kyle Handy made a video for his YouTube channel titled, “eXp Realty Training – 10 Things to Do FIRST After Joining eXp Realty.” The 25-minute video eventually racked up more than 15,000 views, and helped Handy build a following that today has reached nearly 10,000 subscribers on his YouTube channel.

Viewers of the video will find a variety of tips about what it’s like joining eXp Realty, but if they watch it on YouTube’s website, the platform will also serve up a variety of recommended videos — either off on the side or via an automatic autoplay feature.

During a recent viewing of Handy’s video, Inman began clicking through YouTube’s top suggestions. The first recommended video was another from Handy. Several clicks later, Inman was on an entirely different video creator’s page and learning how to get listings as a new agent.

YouTube automatically recommended this video from Tom Ferry after Inman began clicking on the platform’s top recommended videos. Credit: YouTube

Some of the recommendations YouTube offered came from big names, such as Tom Ferry. But other’s were from smaller channels, including from real estate agents who had only hundreds or dozens of subscribers.

From there, Inman kept exploring and within a dozen clicks received a series of suggestions for videos about the real estate market in London. A dozen or so more clicks, and the top recommendation wasn’t even about real estate; it was a documentary titled “Cocos Island – The mysterious island in the Pacific.” Shortly thereafter, YouTube recommended a BBC video about the “best spider moments.”

The episode highlights the strange and organic experience of falling down a YouTube rabbit hole. At its best, the platform can surface fun content that might never have otherwise crossed a viewer’s radar. At it’s worst, YouTube has been criticized for recommending offensive or inappropriate videos.

But the recommendations also highlight the massive role YouTube can play in business; the content creators YouTube recommended based on Handy’s video were getting a prime boost from the Google-owned company. And given YouTube’s massive scale, that boost can mean more subscribers, more ad revenue, and for real estate professionals, more leads. YouTube’s recommendation algorithm, in other words, represents a powerful if sometimes mysterious form of marketing.

To better understand how this works, and how more real estate professionals can take advantage of the video platform, Inman reached out to Handy and other agents who successfully use YouTube.

Combined, the agents have hundreds of thousands of subscribers, and the takeaway from these conversations is that its possible to make thousands, or millions, of dollars as a real estate agent on the platform.

Moreover, making money on YouTube is something almost anyone can do, but it also requires being smart about how to engage with YouTube’s technology.

Here’s what real estate professionals need to know.

The evolution of Google algorithm

In the early days of the platform, YouTube prioritized clicks — meaning the goal of the site’s recommendation algorithm was just to get as many people as possible to click on new videos.

When Inman reached out to the company for information, YouTube provided a blog post from last week. That post indicated that YouTube’s early recommendations often were made without taking into account a user’s viewing habits. It wasn’t a very successful system.

“Not a lot of people watched those videos and the majority of YouTube’s viewership came from searches or shared links off the platform,” the blog post notes.

In response, YouTube began building technology that compares “your viewing habits with those that are similar to you and uses that information to suggest other content you may want to watch,” the blog post explains. The system learns from “over 80 billion pieces of information,” and factors in clicks, view times, survey responses, and shares, likes and dislikes.

This change began around 2012. The idea, according to a blog post the company published at the time, was to “better surface the videos that viewers actually watch, over those that they click on and then abandon.”

“Now when we suggest videos, we focus on those that increase the amount of time that the viewer will spend watching videos on YouTube, not only on the next view, but also successive views thereafter,” the 2012 blog post notes.

“So if you like tennis videos and our system notices that others who like the same tennis videos as you also enjoy jazz videos, you may be recommended jazz videos, even if you’ve never watched a single one before,” the post continues.

These are the videos YouTube recommends to users searching for information on how to become a real estate agent. Today, YouTube’s algorithm recommends videos it things viewers will spend time with. Credit: YouTube

There’s no question the recommendation system has become smarter over the years as YouTube refined its algorithm, though it has generated controversy along the way too.

Over the last several years, a number of observers and analysts have focused on children’s content and noted that when YouTube’s recommendations are allowed to run wild, they can, in the words of TechCrunch, end up serving “a mindless and lurid slurry of endlessly repurposed permutations of pilfered branded content, played out against an eerie blend of childish tunes, giddily repeating nursery rhymes, and crude cartoon sound effects.”

“It’s a literal pantomime of the stuff kids might think to search for,” TechCrunch added, speaking specifically of children’s videos. “And it speaks volumes about the dysfunctional incentives that define the medium.”

The New York Times similarly found in 2017 that kids were in some cases served violent and disturbing content, including depictions of cartoon characters committing suicide. More recent reports have accused YouTube’s algorithm of boosting misinformation and conspiracy theories — allegations that became particularly pointed during the heated final days of the Trump administration, as well as during the coronavirus pandemic.

These discoveries have prompted an ongoing public reckoning with YouTube’s technology, and in its blog post just last week the company said it works hard to make “responsible recommendations.”

Among other things, YouTube said in its blog post that it specifically built filters to identify “racy or violent” content, and conducts evaluations of its machine learning to see how it is handling issues such as race, extremism and misinformation.

During Inman’s experiment that began with Handy’s video and involved clicking on dozens of top YouTube recommendations, no extremist or violent videos turned up. But it only took a few clicks to end up watching content from creators Inman had never heard of before, and only a few minutes to stray into entirely new topics.

For viewers watching a popular Ryan Serhant video, YouTube recommends a series of other videos — visible on the right side of the image — from other real estate creators. Credit: YouTube

The point here is twofold. First, the YouTube rabbit hole is very real, and it’s constantly evolving. YouTube does comment on the broad strokes of that evolution — for instance the blog posts from 2012 and last week — but the nitty gritty of how it works is largely private. The company did not, after all, provide Inman with specific computer code or an exact breakdown on what its algorithm prioritizes.

But second, getting a video to show up in that rabbit hole matters. In a conversation with Inman, Handy noted that YouTube “is the number two search engine in the world after Google,” meaning that its user base and reach are vast. And for a YouTube creator, getting videos to show up in YouTube’s recommendations translates to more subscribers and, eventually, revenue. The alternative is a channel that languishes in obscurity.

Tips from the pros

While the public doesn’t have access to the code behind YouTube’s platform, successful users do gradually learn how to make sure their videos get tractions.

Handy, for example, said that in order to get videos at the top of recommendation lists, it’s important to have a high “click-through rate,” which means the number of times a video is clicked on relative to how many times YouTube displays it.

Kyle Handy

“Four percent is a good click-through rate,” Handy said. “Anything less than that and it’ll be pushed down. So, if they show it 100 times, you’re hoping 4 people click on your video. The highest I’ve seen are 8 to 10 percent. That would be an excellent click-through rate.”

Handy also broke down the watch-time metrics that YouTube pivoted to years ago. In his case, he started out doing videos that were nearly an hour long, but found that even if people watched several minutes of such videos that was still a minority of the overall duration — which didn’t appear to go over well with the recommendation algorithm. As a result Handy has since pivoted to videos that typically run between 10 and 12 minutes.

“Lets say you create a 10 minute video but people are only watching 1 minute of it. That’s a bad signal to YouTube,” he explained. “If you’re getting 5 minutes of watch time out of a 10 minute video, that’s good. Anything above 40 percent watch duration of your video is really good.”

Loida Velasquez

Loida Velasquez, who works in the Los Angeles area and is also with eXp Realty, makes videos of a similar length for her YouTube channel. She started making YouTube content shortly after becoming an agent in 2015, and today she has more than 75,500 subscribers on the platform. In addition to duration and watch time, she also said YouTube’s system seems to foreground creators who post consistently.

“I think that is what has allowed me to grow to where I am now,” she explained. “The videos just start popping up for people.”

YouTube’s algorithm also responds to well-placed titles and descriptions according to Bryan Casella, an eXp Realty team leader in Florida. Casella’s YouTube channel has more than 187,000 subscribers, and he said the algorithm “is kind of this mysterious thing” and “always changing.” However, one basic thing that does make a difference is using specific language and phrasing in a video’s title that users actually might search for.

A video from Casella that was viewed more than 4,700 times shows how he used a conversational title and in-depth description, among other things. YouTube draws on the terms in those fields when deciding what to recommend to viewers. Credit: Bryan Casella and YouTube

“How am I going to search for it? How am I going to put it into the search bar?” Casella said, adding that video titles should be as close to what someone might type into YouTube’s search bar as possible.

This was a point all of the agents who spoke with Inman made. Velasquez, for example, noted that if there are videos with similar titles, the algorithm may group them together and recommend one of them to viewers of the others.

Handy also noted that when deciding what type of content to produce, he combs YouTube to see what kinds of videos already exist and to test out different types of searches.

“The way that I’ve kind of built up my following has really been through a lot of keyword research,” he explained.  “Terms that Realtors are looking for and that I feel are underserved. I’ll get on Youtube and type in a couple of words or a short phrase and I’ll see what pulls up on their autosuggestions. From there I can kind of determine the most searched phrases.”

Handy, Velasquez and Casella also all said that tags — or words that give YouTube information about a video’s subject and intended audience — are important, but often overlooked by real estate professionals.

“You have 500 characters where you can write tags for you video,” Hand said. “You want to make sure you tag them ‘real estate” or ‘cold calls’ or whatever you tags are.”

Handy creates content after typing different phrases into YouTube’s search bar, seen above, in an effort to determine which kind of content people might watch. Credit: YouTube

Why any of this matters

One of the most explicit ways YouTube success impacts agents is through monetization, or in other words by running ads on the videos. And there’s potentially a significant amount of money at stake. Casella, for instance, has monetized his channel and told Inman he makes between $3,000 and $4,000 a month from ad revenue.

Velasquez has monetized her channel as well. She recalled getting her first check, which was for just $0.14, but over time the income started to “add up to the point that it’s another stream that can cover my expenses or mortgage.”

As her channel grew, Velasquez also began receiving inquiries from other agents about how to succeed in the business. Over time, those inquiries prompted her to launch courses, which she promotes via her YouTube channel — meaning the video platform is a source of two different income streams.

Bryan Casella

And of course there are referrals. For instance in Casella’s case, he said a YouTube referral landed him “one of my biggest commissions ever.”

“At this point I would say that YouTube and social media have led to me making millions,” he added.

Handy made a similar point, and said that one of his colleagues went from an $8 million producer to a $30 million producer by raking in referrals from YouTube.

“From one year, he tripled his business just from YouTube,” Handy noted.

Not everyone succeeds on YouTube, and indeed the agents who spoke with Inman did not immediately begin with high subscriber counts or loads of referrals. And agents who fail to capture the attention of the platform’s algorithm may see their channel perpetually stuck on a stunted, low-reward trajectory.

But the agents who spoke with Inman did generally share the view that with time and determination, anyone can rake up subscribers and views — and the financial rewards they bring.

“I’m not special,” Casella said. “I’m just the one who decided to do it.”

Velasquez made a similar point, saying that agents shouldn’t wait until the have fancy equipment, expert production skills, or anything else to get started.

“Time and time again, I tell people, ‘just pick up your cell phone,’” Velasquez said, “‘and start recording videos.’”

Email Jim Dalrymple II


Source link

]]>
https://joshadamsrealtor.com/how-youtubes-algorithm-can-make-or-break-your-real-estate-business/feed/ 0
5 Steps to Building a Successful Digital Real Estate Business! https://joshadamsrealtor.com/5-steps-to-building-a-successful-digital-real-estate-business/ https://joshadamsrealtor.com/5-steps-to-building-a-successful-digital-real-estate-business/#respond Wed, 29 Sep 2021 14:43:35 +0000 https://joshadamsrealtor.com/5-steps-to-building-a-successful-digital-real-estate-business/ In recent years, the international real estate market has transformed beyond imagination; advancements in technologies used in industry are years ahead of its time. These advances made their way to Pakistan, via JagahOnline – a unified real estate portal! JagahOnline is designed to deliver an exhilarating real estate experience to its B2B and B2C users! […]]]>

In recent years, the international real estate market has transformed beyond imagination; advancements in technologies used in industry are years ahead of its time. These advances made their way to Pakistan, via JagahOnline – a unified real estate portal!

JagahOnline is designed to deliver an exhilarating real estate experience to its B2B and B2C users! Traditional business methods in the real estate industry revolved around agents and builders who physically contacted potential clients, met them in person, and went out of their way to get a good deal! In the midst of all this chaos, many agents and builders are often exposed to irrelevant and unreliable clients. JagahOnline has actively placed SaaS based solutions which have encouraged the use of online tactics to digitally promote and grow real estate related businesses!

Benefits of Running an Online Business!

JagahOnline has reformed the way real estate transactions have been done in the past, replacing it with efficient modules that completely transform the way you can manage and grow your business. Here are some reasons why starting an online business is the right decision for you!

24/7 access to your customers!

JagahOnline and its cutting edge technology give you the freedom to run and manage your business on the go – you are no longer tied to a physical office space. Whether you are a real estate agent or a builder, you can easily have access to your clients and potential clients at all times.

Profitable

Not being tied to a store or a physical office has increased efficiency and mobility, but it has also reduced the costs of running a business! Agents and builders now have the ease of operating their business from anywhere in the world.

Time saving

JagahOnline provides agents with features like Calendarize and Tasks, E-Sign and many more to reduce the manual labor of companies, in order to save time! Additionally, using a digital platform can help reduce time consumption in more than one way. For example, with an online platform that allows you to showcase their business, it’s easier to filter out genuinely interested customers.

Less paperwork

JagahOnline provides agents with a complete SaaS solution, which includes features such as Expensify for their expenses, invoicing of all their receipts and Calendarize for the management of their activities. These features reduce the amount of paperwork that agents previously had to do, ensuring that there is no risk of losing important documents or making human errors.

Create your real estate business online!

JagahOnline has made running an online business extremely easy, whether you are relaxing at home or traveling across the country – you always have your business at your fingertips! Even though the idea of ​​starting an online business can be overwhelming, but with JagahOnline the process is quick and easy – here is a step by step guide to starting your business online:

Step 1: Go to JagahOnline

First, visit jagahonline.com and click on the ProSeller button on the top right corner of the website!

Step 2: Register on ProSeller

Once your page has loaded, click on the nature of your business and select one from the options offered, for example “Real estate agent”

Click on find out more about your business and select one of the options to help the portal understand what your business really needs.

Enter a few more details, like your name, provide an email address, your number and enter a secure and unique password to protect your business!

Enter the captcha code and press Go Digital Now!

Step 3: Verification

Once your registration is complete, you will receive a six-digit verification code on your email and the provided mobile number. Enter the verification code on the website to authenticate your information, however, if you do not receive the code, you can always request a new one.

Once you have successfully entered the verification code, you will get a pop-up welcoming you on board, press ok to continue!

Step 4: Completing the profile

Company details

Add a business logo, to create a unique image for your business; you can add these images in JPG and PNG format.

Add your company name, enter the email where your customers can contact you, address, location and region. Once you have provided all the information, click Next!

Contact details

It is simple, you just need to enter a mobile number associated with your company! You can add up to 5 mobile numbers for your business. Once you are done, click Next.

A summary!

The last step would require you to review all of the information you provided, to make sure nothing was entered incorrectly! Once you’re done, click “let’s go!” ”

Step 5: Payment plan

You will then be redirected to payment plans, choose the one that best suits your business! There are a total of four packages available, these include the following:

● Free plan

● Professional

● Teams

● Company

You can choose from these plans depending on the needs of your business.


Source link

]]>
https://joshadamsrealtor.com/5-steps-to-building-a-successful-digital-real-estate-business/feed/ 0
Need a break? 3 systems that will automate the growth of real estate businesses https://joshadamsrealtor.com/need-a-break-3-systems-that-will-automate-the-growth-of-real-estate-businesses/ https://joshadamsrealtor.com/need-a-break-3-systems-that-will-automate-the-growth-of-real-estate-businesses/#respond Tue, 21 Sep 2021 09:03:55 +0000 https://joshadamsrealtor.com/need-a-break-3-systems-that-will-automate-the-growth-of-real-estate-businesses/ The ability to leverage systems to scale growth is what elevates the best producers from all other agents. Follow these tips to automate your business, fuel your growth, and avoid burnout. Start the fall with Marketing and Branding Month at Inman. We deepen agent branding and spend best practices with Zillow, realtor.com and more. The […]]]>

The ability to leverage systems to scale growth is what elevates the best producers from all other agents. Follow these tips to automate your business, fuel your growth, and avoid burnout.

Start the fall with Marketing and Branding Month at Inman. We deepen agent branding and spend best practices with Zillow, realtor.com and more. The best marketers also come to share their new tactics. That’s all you need to take your branding and marketing strategy to the next level.

If your business is booming due to healthy market activity over the past couple of years and you are feeling stressed out by this growth and you are peaking, burnout could be in your device.

Implementing automations, often referred to as systems, in your business can help relieve stress so that you can focus on working with more buyers and sellers.

The ability to leverage systems to scale growth is what elevates the best producers from all other agents. Follow these tips to automate your business, fuel your growth and avoid exhausting yourself.

Don’t hit it the old fashioned way

Today’s agents are more technologically equipped than ever – and your customer relationship management (CRM) the software could put you behind your competition by default.

CRMs can track large amounts of data and metrics while keeping everything organized and visible for easy delegation to your team, but a good CRM doesn’t have to be cumbersome and unusable.

Rudy kusuma

A common problem with most CRMs that are explicitly designed for realtors is that they try to solve all of your problems and in doing so create new ones in terms of usability. If you spend more time fiddling with the settings and features of your CRM than actually using the information it stores, it’s time to get a new one.

“Now more than ever, real estate is a competitive business, and the best way to stay competitive is to use technology better than the other,” Rudy kusuma, Founder and CEO of Your Home Sold Guaranteed, said. “Leverage existing technology to work for you to save time and stress and ensure you stay ahead of the competition. “

If there’s one thing that sets a great CRM apart from the rest, Kusuma added, it’s cloud integration. Bringing your relationship management to the web lets you access data from your phone, laptop, desktop, and anywhere in between.

This should make it incredibly easy to share and communicate with the customers whose relationships you are trying to manage. This should simplify your ability to analyze and use the data.

Don’t make yourself comfortable

Don’t get stuck by setting up automation and then resting on your laurels. As they say, don’t define it and forget it. If a better system presents itself, don’t be afraid to adapt or move in a new direction.

And don’t underestimate the value of “old-fashioned” solutions to augment these systems. While many facets of the real estate industry work best with the latest technology, there will always be vestiges of the past, especially when it comes to searching for properties.

Word of mouth still goes a long way, and we all now know that not MLS listings show every home on the market, and if you can find those homes that aren’t online, that automatically gives you one. cut Above the rest.

Accessing your network, working with local investors and other agents, and networking with buyers and sellers are all done the old-fashioned way. Depending on your local market, it’s up to you to determine which strategy is best for you. Don’t erase the old way of doing things even when you start to level up.

Practice compartmentalization of tasks

Everyone in the real estate industry wants to do it all – and we’re good at it. But if you’re moving fast or about to do so soon, breaking down everything you do on a day-to-day basis and identifying where you can automate and outsource is probably the right decision for your growing business.

“If you’re an individual show and think you can do all of this work, you’re going to burn yourself out,” Kusuma said. “Machines don’t get sick, but people do. The solo agent model is impossible.

From online projections to fully digital signatures and fences, the digital real estate transaction is so easy to compartmentalize and delegate.

Focus on what you do well and find people and systems that will support you and increase your skills. You are only successful as far as your mindset allows, and you only have 24 hours a day to harness that success and make your business work for you.

Victoria Kennedy is CEO of Atman Real Estate. Connect with her by email.


Source link

]]>
https://joshadamsrealtor.com/need-a-break-3-systems-that-will-automate-the-growth-of-real-estate-businesses/feed/ 0
3 growth actions that are transforming the real estate sector https://joshadamsrealtor.com/3-growth-actions-that-are-transforming-the-real-estate-sector/ https://joshadamsrealtor.com/3-growth-actions-that-are-transforming-the-real-estate-sector/#respond Mon, 20 Sep 2021 11:35:00 +0000 https://joshadamsrealtor.com/3-growth-actions-that-are-transforming-the-real-estate-sector/ The real estate market is hot right now with low interest rates driving high demand and inventory shortages crippling supply. It’s the perfect storm for soaring prices, and first-time homebuyers are struggling to break into the market. Real estate technology companies have been the big beneficiaries of this environment as more and more consumers turn […]]]>

The real estate market is hot right now with low interest rates driving high demand and inventory shortages crippling supply. It’s the perfect storm for soaring prices, and first-time homebuyers are struggling to break into the market.

Real estate technology companies have been the big beneficiaries of this environment as more and more consumers turn to digital platforms to buy and sell homes. The real estate industry is historically labor intensive and expensive for both buyer and seller, and these companies are presenting new ways of doing business much more efficiently.

These three high growth companies buy and sell thousands of homes each year, creating value for their customers and great opportunities for investors.

Image source: Getty Images

Offer block

Offer solutions (NYSE: OPAD) is the newest entrant in the revolutionary direct-buying real estate industry, where companies buy homes directly from sellers with the intention of reselling them for a profit.

Founded in 2015, Offerpad began marketing in early September and the company is growing rapidly with noticeable acceleration over the past 12 months.

Metric

2018

2019

2020

2021 (Estimate)

TCCA

Returned

$ 856 million

$ 1.08 million

$ 1.06 billion

$ 1.78 billion

28%

Data source: Company deposits. 2021 revenue estimate based on the midpoint of the management guidance range. CAGR = compound annual growth rate.

The company sold 4,281 homes in 2020 and is expected to crush that number this year, with management leading up to 6,000. But the amount of money it makes per home sold is an even bigger improvement to which investors should pay attention. In the second quarter, Offerpad increased that figure to $ 31,500, down from just $ 1,400 in the same period last year.

Favorable market conditions (rising house prices) have helped Offerpad achieve this growth, but it is clear that the company is quickly reaching scale – the point where it sells enough houses for the company’s fixed costs. become less impactful.

Offerpad has now exceeded its contribution profit estimates for the year 2021 in the first six months of the year. To drive growth, the company purchased a record 2,025 homes in the second quarter, so there will likely be continued strength going forward.

Red tuna

While Red tuna (NASDAQ: RDFN) has a strong direct buying business like Offerpad, she has also found success in applying technology to improve the traditional real estate sales process. Where small agencies charge high fees and manage a small number of listings, Redfin has employed an army of thousands to sell homes the old-fashioned way, but with a significantly lower listing fee of 1%.

This large-scale business model has saved consumers over $ 1 billion in listing fees since Redfin’s inception, and the company’s share of all homes sold in the United States continues. to grow.

Metric

2018

2019

2020

Q2 2021

Redfin’s share of US home sales

0.81%

0.93%

1.00%

1.18%

Data source: Company deposits.

On the direct buy side, Redfin sold 583 homes on a rolling 12-month basis, which is far less than its main competitors. But the 292 homes it sold in the second quarter represent an 80% year-over-year increase, indicating its growing volume.

The segments combined have resulted in strong revenue growth for the company, proving that a hybrid real estate sales model that involves traditional practices can still deliver great results. Based on consensus analysts’ estimates for 2021 revenue of $ 1.78 billion, Redfin will have achieved compound annual growth of over 50% since 2018.

But Redfin’s second quarter revealed that its growth is accelerating. It saw a 121% year-over-year increase in revenue and a 174% increase in gross margin. The best years of the business are still ahead of it as consumers continue to look to the business for their growing real estate needs.

An aerial photo of dozens of houses and the beach in a coastal suburb.

Image source: Getty Images.

Zillow

Zillow Group (NASDAQ: Z)(NASDAQ: ZG) is the dominant player in the field of direct purchasing, but this is not its only strength. With a market cap of over $ 24 billion, it is almost five times larger than Redfin.

He has achieved this scale by creating a suite of nine real estate-related brands, which include Brokerage Services Platform as Software as a Service (SaaS), Premier Agent, Zillow Closing Services for title and escrow, and Zillow Home Loans, an in-house mortgage lender.

The combined companies are expected to generate more than $ 6.5 billion in revenue this year.

Metric

2018

2021 (Estimate) *

TCCA

Returned

$ 1.33 billion

$ 6.59 billion

70%

Data source: Company deposits. * Estimate from Yahoo! Finance. CAGR = compound annual growth rate.

The only segment of the real estate industry in which Zillow does not operate is traditional selling. But it helps consumers list their own homes on its website and organize their own open houses. In addition, through Premier Agent, it helps independent agents create networks which in turn can lead buyers to take over Zillow’s various ads. These strategic steps ensure that Zillow captures revenue from all aspects of the traditional labor-intensive and costly sales process without actually having to operate there.

Direct purchasing is the most important segment of the business, accounting for almost 60% of total sales. It relies on artificial intelligence to continuously monitor the real estate market in the United States, which allows it to offer willing sellers an “estimate” through its website within days of a request for an offer.

Zillow sold 2,086 homes in the second quarter alone. With such volume and a plethora of other successful real estate businesses, this action could really be worth your portfolio in the long run.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Questioning an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


Source link

]]>
https://joshadamsrealtor.com/3-growth-actions-that-are-transforming-the-real-estate-sector/feed/ 0
Is now a good time to start a real estate business or should you wait for the market to heat up? https://joshadamsrealtor.com/is-now-a-good-time-to-start-a-real-estate-business-or-should-you-wait-for-the-market-to-heat-up/ https://joshadamsrealtor.com/is-now-a-good-time-to-start-a-real-estate-business-or-should-you-wait-for-the-market-to-heat-up/#respond Mon, 13 Sep 2021 07:00:00 +0000 https://joshadamsrealtor.com/is-now-a-good-time-to-start-a-real-estate-business-or-should-you-wait-for-the-market-to-heat-up/ Investment planners seem to be debating the current real estate market, and all the news regarding these matters can be quite confusing. Some seem to think house prices are at record highs, which would make it seem like now is the best time to get into real estate. Others suggest that they are ready to […]]]>

Investment planners seem to be debating the current real estate market, and all the news regarding these matters can be quite confusing. Some seem to think house prices are at record highs, which would make it seem like now is the best time to get into real estate. Others suggest that they are ready to collapse, and it may soon be difficult to find someone willing to buy a home for anything close to the actual market value they are expected to achieve.

To some extent, these two positions probably have some truth to it, but neither should be a big factor in deciding whether or not to start your own real estate business. While you might be more inclined to open one at the top of the market, the truth is that national and global trends have little to do with the success of individual businesses. In fact, a colder market could potentially assist buyers who have otherwise been valued according to a recent market analysis.

It could help your new agency find a growing consumer base, even if you otherwise thought you couldn’t get a lot of customers.

Deciding whether or not to open a real estate company

There are several great reasons why you might want to start a business today. Investors are is currently seeking to diversify, especially with much of their capital tied up in stocks and bonds. Real estate tends to be a more stable investment than most of these other products. While this is not always true, the idea is enough to encourage many people to start investing money in real estate, which is good for those trying to start their own businesses.

Other investors are looking to turn away from crypto-currencies and NFTs, which have proven to be even more volatile than stocks and bonds. If the real estate market is still relatively libertine, it is certainly more regulated than these industries. This helps attract new investors who might never have taken the plunge otherwise.

Mortgage rates are extremely competitive, which also helps to encourage new home buyers to enter the market. On the other hand, you might not want to start a business for this reason as well. Anyone considering a new home might consider paying more than $ 100,000 more than the actual price of a home due to current market conditions. You may want to wait if this is your goal.

Mark your new business

Once you’ve decided on a time for your business, you’ll want to brand it and decide on a visual identity. It can be very tempting to allow the current zeitgeist to influence your choices, but you don’t want to. If you had to choose symbolism that seemed to suggest that your business was geared towards those who suffer during lean times, then chances are it will look awkward as the market improves. Assuming you’ve tried to rebrand in the future, there is a possibility that you may be able to alienate yourself from consumers you have already on-boarded.

Focus on creating timeless images built around a creative real estate logo and a name that will be meaningful to customers. Those who are starting their own private real estate agency may want to use their own name, especially if they are the only agent who helps people find accommodation. Those who work exclusively with real estate investments might opt ​​for something regional instead.

Whichever way you decide to brand your business, you don’t want to get heavy and miss the big trends. While it’s true that you want to focus on becoming a timeless business, the way businesses weather economic storms is to adapt to changing conditions. At the moment it looks like home equity rental loans are a lucrative part of the investment process, but that may not always be the case.

Some people who take out loans today to invest in certain properties may not do so in the near future, so you need to keep an eye out. Don’t let that put you off starting the business of your dreams, however.

There is an old adage that the best time to plant a tree was 30 years ago, but the second best time to do so is now. For many people, there is no time other than the present to start a business. If they keep waiting, they might never open their own real estate company. While you want to carefully consider the risks, the best time to start your own business might be right now. As the economy improves, you may even find that you are able to grow in ways that you otherwise wouldn’t have been able to if you didn’t already have one foot in the door.


Source link

]]>
https://joshadamsrealtor.com/is-now-a-good-time-to-start-a-real-estate-business-or-should-you-wait-for-the-market-to-heat-up/feed/ 0
Lunar Realty new real estate business in Aberdeen South Dakota https://joshadamsrealtor.com/lunar-realty-new-real-estate-business-in-aberdeen-south-dakota/ https://joshadamsrealtor.com/lunar-realty-new-real-estate-business-in-aberdeen-south-dakota/#respond Thu, 02 Sep 2021 07:00:00 +0000 https://joshadamsrealtor.com/lunar-realty-new-real-estate-business-in-aberdeen-south-dakota/ Danelle McMaster is no stranger to real estate. She spent 15 years in Aberdeen in a few agencies. Now she has opened her own business, Lunar Realty. Before moving to Aberdeen, McMaster lived in Fargo, North Dakota, where she ran an office that employed 120 people. This is where his interests lie. “I come from […]]]>

Danelle McMaster is no stranger to real estate.

She spent 15 years in Aberdeen in a few agencies. Now she has opened her own business, Lunar Realty.

Before moving to Aberdeen, McMaster lived in Fargo, North Dakota, where she ran an office that employed 120 people.

This is where his interests lie.

“I come from a management background so the transition to running my own office has been very easy,” said McMaster.

“I’m used to dealing with people and running the show. I like it.”

It took 10 years to start his own business. In 2011, McMaster obtained his brokerage license. She was planning to open her own agency, but this was delayed after her husband was diagnosed with cancer.

“I kind of took a step back and waited for a better time, which is now,” McMaster said.


Source link

]]>
https://joshadamsrealtor.com/lunar-realty-new-real-estate-business-in-aberdeen-south-dakota/feed/ 0
The second wave of covid had a moderate impact on residential real estate activity https://joshadamsrealtor.com/the-second-wave-of-covid-had-a-moderate-impact-on-residential-real-estate-activity/ https://joshadamsrealtor.com/the-second-wave-of-covid-had-a-moderate-impact-on-residential-real-estate-activity/#respond Thu, 02 Sep 2021 07:00:00 +0000 https://joshadamsrealtor.com/the-second-wave-of-covid-had-a-moderate-impact-on-residential-real-estate-activity/ BENGALURU : Second wave of covid has had a smaller impact on the residential real estate sector, while increased focus on immunization and reopening the economy will help home sales return to pre-levels short- and medium-term covid, the Icra rating agency said in a note Thursday. In the June quarter, residential real estate sales in […]]]>

BENGALURU : Second wave of covid has had a smaller impact on the residential real estate sector, while increased focus on immunization and reopening the economy will help home sales return to pre-levels short- and medium-term covid, the Icra rating agency said in a note Thursday.

In the June quarter, residential real estate sales in the top eight cities fell 19% to 68.5 million square feet from 84.7 million square feet in the March quarter. The sequential decline was on a high basis as the fourth quarter of FY1 saw the second highest sales since FY12.

However, sales more than doubled from 33.7 million square feet in the June quarter of the previous year.

According to Icra, despite the disruption in the March quarter, demand remained intact, driven by multi-year low interest rates, a preference for larger and better homes following the shift to a working model. hybrid and pent-up demand.

“The impact of the second wave was less than that of the first wave due to a variety of factors including the continued trend of working from home by employees, localized lockdown restrictions and a higher degree of certainty regarding levels. future income and stability. The IT-ITeS sector has experienced strong financial performance with an increase in hiring, which has supported demand from sector employees, ”said Kapil Banga, Sector Head and Deputy Vice President of Icra.

Homebuyers look for ready-to-move-in units from developers with a track record of delivering quality, on-time projects, Icra said. This also led to the increase in the market share of the nine main listed real estate players, from 6% of sales in fiscal year 2017 to over 16% in fiscal year 21.

The long-term trend of consolidation, which results from changing consumer preferences as well as a sustained increase in the market share of large developers among recent launches, is expected to continue and will foster further improvement in the market share. of the biggest and strongest developers.

With construction impacted to some extent and lower sales for the top nine listed players, collections were also hit, recording a 27% quarter-on-quarter decline.

In addition, the extension of RERA timelines in some states from six to nine months as well as a reduction in approval costs / construction bonuses provided by some states for a limited period have made it possible to postpone releases in the event of weakness. of the collection.

Thus, despite the moderation of collections, the operating cash flows of the major developers have not experienced a sharp decline.

However, declining market share and a cautious lending approach of NBFCs and HFCs can create a difficult operating and funding environment for small, short-term real estate developers.

To subscribe to Mint newsletters

* Enter a valid email address

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our app now !!


Source link

]]>
https://joshadamsrealtor.com/the-second-wave-of-covid-had-a-moderate-impact-on-residential-real-estate-activity/feed/ 0
HR Problems You May Face In The Real Estate Industry »RealtyBizNews: Real Estate News https://joshadamsrealtor.com/hr-problems-you-may-face-in-the-real-estate-industry-realtybiznews-real-estate-news/ https://joshadamsrealtor.com/hr-problems-you-may-face-in-the-real-estate-industry-realtybiznews-real-estate-news/#respond Wed, 01 Sep 2021 20:02:42 +0000 https://joshadamsrealtor.com/hr-problems-you-may-face-in-the-real-estate-industry-realtybiznews-real-estate-news/ As a real estate business, dealing with all HR issues from the start will keep your business running smoothly. There are so many things that can go wrong in real estate and you need to focus on your sellers and buyers when buying a home, but by dealing with these HR issues you can make […]]]>

As a real estate business, dealing with all HR issues from the start will keep your business running smoothly. There are so many things that can go wrong in real estate and you need to focus on your sellers and buyers when buying a home, but by dealing with these HR issues you can make sure that your agents are ready to help their clients too. Some of the HR issues you may face in the real estate industry include:

Attract the best talent

A real estate business is likely to have relatively high turnover. Indeed, the average turnover of these companies drops to almost 28%. This can happen for a number of reasons, including:

  • Companies will hire a young specialist and not offer them much in terms of training or compensation.
  • With a lack of training, agents will fall behind and perform poorly, causing them to quit the job.
  • Without a mentorship program, which is becoming less and less common for many companies, new agents lack motivation and talent will therefore seek a better position.

Attracting and retraining top talent is a common problem in this industry. Without the right kinds of employee support programs, it’s easy to lose some of the emerging talent the business needs.

Payroll management

When you have employees working for you, it’s important to manage payroll properly to keep everyone on the same page. Employees don’t want to find that their paycheck was too short or that the right pre-tax deductions were not taken out during the year causing them to pay a higher bill during tax season.

You will need to work with a tax specialist to help you with all of this and a payroll specialist is a great option. Real estate is a unique business that has a different payment structure than some other industries. You will need to be fully aware of how to handle any payroll issues. Learn how to do it on your own or consider hiring a professional to take care of the payroll.

Problems in the workplace

There are different workplace issues that are common in real estate. Some of the most common are lack of resources, an inhospitable work environment, and sometimes harassment.

While harassment is an issue that should be regulated by law, it is a common concern in real estate. If the real estate company has multiple cases of workplace harassment, it shows that company policy and compliance is wrong and something needs to change.

Aside from the harassment, many officers say they have been demotivated by a highly competitive atmosphere. When you work in this industry, you need to have thick skin to cope with the workload. But your business needs to make sure that employees have an equal opportunity to learn and prove themselves.

Health and safety issues

Many companies do not take the time to review the safety of their agents and other employees. Most of these agents will work flexible hours, many at night, to ensure that they can bring their buyers into the house and sell a seller’s house.

Real estate brokers and agents will need good insurance, just like other employees. For some companies that hire young, inexperienced workers, insurance is something the benefits of which you will need to weigh. Providing employees with at least health insurance is required by law, but other insurance options are also a good idea.

Remember that these agents are going to be exposed to a lot of stress. HR professionals should realize that these professionals will experience burnout and may need to speak to a mental health professional. Health and safety issues are going to involve a wide range of issues and HR needs to address them in order to help their employees be more satisfied and reduce employee turnover.

Take care of employees first

It all comes down to taking care of your employees. It is a highly competitive industry, where agents will have to work long hours and can be stressed. Dealing with complaints, providing insurance, and giving agents some of the training and mentoring they need are just the first steps you need to help keep your real estate business running and to make sure your employees are doing well. feel precious and that they are an integral part of it. the company.


Source link

]]>
https://joshadamsrealtor.com/hr-problems-you-may-face-in-the-real-estate-industry-realtybiznews-real-estate-news/feed/ 0