For anyone who’s ever bought a house, they understand how stressful it can be. They understand the ebb and flow of the market, interest rates, and how fast a property can sell. Real estate is a fast-paced business in the sense that, if you let it, a deal or the whole business can pass you by.
As a broker, the day-to-day dealings of properties, open houses and emergency calls from a newlywed couple on a house they just saw are not so much your problem. More and more real estate agents are using technology to their advantage and so far it’s working. Websites such as Zillow are great for generating leads for real estate agents. Most homebuyers feel more comfortable reaching out to agents through email. Agents are getting more and more referrals through their Facebook business accounts. The first conversations about a property are typically conducted through email. So why should your real estate management program be any different?
Using A Cloud To Keep Transactions Simple
A common problem for a real estate broker to have is lack of prioritization or organization. You have twenty agents working under you and they are all working as hard as they can to close deals. It’s a lot of paperwork to oversee and sign off on. Using a cloud-based transaction program to help facilitate the process of approving, auditing and signing off on transactions could be the type of program you need.
The right cloud-based program should allow you to set guidelines and restrictions for your agents, so that when they go to submit a transaction it will be flagged and held for your approval. This type of process should be secure and allow you to make revisions and comments on the transaction as well as be stored indefinitely. If there is ever the need to pull this information up in say a year or five years down the road, the information should be well catalogued and securely stored in your company’s cloud. Implementing this type of real estate management program should help to eliminate redundancies in approvals, comments and paperwork. Cases that prove to be educational or useful in training can be pulled and used as examples in meetings, presentations or in training.
With most programs such as these, logs of comments are also stored securely and indefinitely. As a broker, you are aware of the possibilities and dangers of being audited. Having all your transactions and the conversations surrounding said transaction securely on file goes beyond being organized – it’s just the smart thing to do.
For more information or to request a demo of a real estate portfolio management system, please visit Reeio.com.