Tech Tools and Tech Pros
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John Todderud, a video script expert, discusses various tech tools and strategies for real estate investing, including investor portals, CRMs, mapping tools, and market research. He emphasizes the importance of automation and integrating these tools into your workflow to improve efficiency and productivity.
- 📊 Spreadsheets and underwriting models are essential tools for analyzing and communicating real estate deals. It's crucial to automate calculations, format data for readability, and ensure formulas are easily understandable for others.
- 💼 Investor portals provide a centralized platform for potential investors to access deal information, review documents, and submit investments. Integrating an investor portal into your workflow streamlines the investment process and enhances communication with investors.
- 📞 CRMs are valuable tools for managing contacts, automating tasks, and tracking follow-ups. Look for CRM solutions that integrate with your existing systems and allow for automation, email campaigns, and easy data import/export.
- 🗺️ Mapping tools like Google Maps and Bing Maps are useful for evaluating properties and their surroundings. Assess factors like retail presence, neighboring businesses, and overall desirability of the area.
- 📊 Market research plays a vital role in real estate investing. Consider factors such as population growth, job opportunities, median home prices, and rental market conditions to identify areas with potential upside opportunities.
- 🌐 Expanding your comfort zone, networking with industry professionals, and learning about marketing strategies are crucial for success in real estate investing. Embrace new ideas, challenge limiting beliefs, and continuously educate yourself to stay ahead in the industry.
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