Every day I get at least one email announcing a new CRE app. Some of them look pretty good so I check out the website. Usually, no price is published, so I forget it about. I just don’t have the time to watch a demo only to be told it’s out of range price-wise. This goes on day after day. And then the day comes when I’m looking for something and can’t find it. Google isn’t much help when you type in “commercial real estate software” or any variation of that. Most of the new ones are buried, … [Read more...]
My Advice for CRE Tech Developers
I get lots of requests for advice. But with a day job, I don’t have time to give it. That’s why I have this blog - to share some solutions for common problems agents have and suggestions for developers. So here’s my advice all in one convenient post. Know Your Market My experience in small-mid-sized markets. Institutional investors, big developers or national headquarters? Few to none. Agents can’t afford to specialize and they rarely work in teams like they do in major markets. Maybe half … [Read more...]
Tech Tips and Tricks
Everyone has tech issues. And in my line of work, I see lots of them. The problems below are ones that seem to be on repeat, in part thanks to Windows 10. In case you're struggling with these same issues, here are the fixes and advice. Backing up Outlook Files If you’ve been relying on Outlook’s backup utility to save copies of your Outlook databases, you were probably as annoyed as I was to discover they abandoned it for new versions of Outlook. Luckily, a programmer picked up where Microsoft … [Read more...]
How Much Does LoopNet Earn?
Continuing the fun with LoopNet numbers, let’s make some LoopNet revenue guesstimates for their agent/brokerage product line taking numbers from their Premium Listing pitch and other numbers I found around the web. Something to keep in mind as you're reading this - The CoStar Group is aiming to generate $1 billion in revenue by 2018. Money for Search As mentioned last week, there could be as many as 140,000 people paying for search. The best deal is to pay $245 a month for search on the … [Read more...]
LoopNet’s Marketing Numbers Deconstructed
I had the opportunity to see LoopNet’s Premium Listing pitch. That it targeted brokerages is interesting on its own, but that’s not what I want to write about this time. Of course it was a slick presentation full of impressive numbers. And just for fun, I thought I’d dig a little deeper into those numbers. Let’s take a look. Only 2% of Those Who Search Loopnet Can See All Available Listings That means 98% of visitors leave the site disappointed. How come that doesn’t happen on … [Read more...]
Tech Gadgets Reviewed
Hybrid Laptops While there are a few agents who can get by with a tablet for outside of the office work, most prefer a full featured laptop. They just want it lighter. And if they could ditch the tablet, they wouldn’t mind that either. Microsoft answered the call with its Surface Pro which was eventually cloned by the other computer manufacturers. I used a 7 inch Dell version for travel for a few years without incident (though it was way too small for real work). So when it was time for a … [Read more...]
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