Quora, you may have heard of the popular Q&A site known for sharing knowledge and helping users better understand the world, but what you may not be familiar with is how companies and individuals alike are generating quality leads on this site for FREE!
Stats, stats, stats, we all need them and frankly, we all thrive on them in this industry. Because let’s face it, what better way to prove your credibility than to give your clients and future clients all the important and most accurate information needed to make the best business decisions?
It seems wise, as a commercial real estate broker, to use comparison tables for your clients when presenting multiple investment options. Here are 3 rules for effective comparison tables. These tables will allow your clients to make informed comparisons and decisions. See original post here: https://www.nngroup.com/videos/ux-rules-comparison-tables
Our world is completely in awe over new and interactive technologies. Making it even easier than before to find innovative and interesting ways to incorporate them into everyday life. What was once a unfathomable experience, 3D has just begun to revolutionized the real estate world.
Youtube is home to millions if not billions of videos on a number of topics, making it easy for anyone to access a world of how-to entertainment at the click of a button. Youtube is just one resource among many for commercial brokers and investors to use when trying to learn the basics and even the most complex aspects of CRE.
What many new commercial brokers don’t know about commercial real estate is that there is actually a great deal of number crunching involved with a commercial real estate transaction. If math isn’t your strongest suit, then you might be hesitant to try to do any or all calculations yourself.
The myNOI Broker Network?
To maximize your Net Operating Income in your investments or business and your client’s investment you need CONNECTIONS. Work networks are common. You may already been involved in other networks for business & knowledge exchange. So why join one more? Three reasons:
There are a number of new and innovative technologies that are hitting the multi-family property market. These new and improved gadgets are changing the way multi-family residents live their everyday lives; not necessarily by creating brand new technologies but taking old systems and applying a completely new spin on them. Allowing multi-family properties and its residents the ability to adapt their living arrangements to this new and evolving world that is technology.
Commercial real estate is no longer about a simple and functional building. Tenants demand more in terms of aesthetic, functionality and recently, technology. Tenants want a work and living environment that embraces the forms of technology that create unique and inspiring experiences each time they encounter them.
We are constantly surrounded by information and data, but not many of us, especially in the commercial real estate industry know how to make use of all the data out there. Especially because there is a ton of data that we’re failing to collect right within our own properties.
Internal Rate of Return or IRR is one of the key numbers to use in evaluating a commercial investment property. Do you know how to find it? Check out the demo of the IRRCalculator.pro – it will walk you through CAP Rate, NOI, Cash on Cash Return, and ultimately IRR.
Happy New Year!
We here at myNOI hope you had a wonderful holiday break filled with much needed rest and way too much food! But the new year is here and with it comes new beginnings…and what a better way to kick off the new year than with some new amazing and FREE CRE tools to help you get those new CRE deals up and rolling?