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Investing in Opportunity Zones
Thanks to the Tax Cuts and Jobs Act of 2017, Opportunity Zones were created with the idea of providing incentives for private investors to revitalize economically distressed communities, rather than using taxpayer money to do so. The main incentive is offering investors a way to shield their proceeds from capital gains taxes by investing those proceeds in these zones and hitting specific benchmarks. Some of you might be wondering how this is different from a 1031 exchange? The key is that these investments don't have to be like-kind exchanges. To learn more about the rules behind these zones, review these frequently asked questions. Now that we know what Opportunity Zones are, and why this act was initiated, lets see how it's playing out in the real world from the perspective of Chad Gleason CCIM, with PENTAVIRATE in Seattle, Washington. Q. From your perspective, why are Opportunity Zones good for the commercial real estate sector and communities in general? A. Anytime you are in a situation where you can have the added benefit and incentive to invest in real estate, it's a great thing. We are working with groups who are looking at exit strategies from properties, but are hesitant to do so due to high capital gains tax costs. These zones offer an alternative to lower, and in some cases, totally negate the majority of capital gains taxes while providing the community with the benefit of improving dilapidated buildings or developing raw land. Q. How are local economic development groups using Opportunity Zones to attract investors? A. I am hearing of tax and zoning incentives being added to the already great benefits of the Opportunity Zones. This could be as simple as upzoning, as is the case here in the Seattle market, or with the addition of new market tax credits to the site, if applicable. Having designated assemblages within the zones are also key marketing tools for sites who are recruiting companies that are looking to develop, move or expand. Q. Let's say I want to invest in a property in an Opportunity Zone. Can I just sell my Amazon stock and take those gains to buy a building? A. There are a few options here: you can place all of your sale proceeds into the investment, partial proceeds or simply your gains from the prior investment. I would suggest sitting down with your REALTOR® and tax specialist to devise a strategy for your personal investment plan. The Opportunity Zone has great value when you are willing to place your funds in the project for up to 10 years. Q. What is your go-to example of an actual project in an Opportunity Zone and what difficulties have investors encountered in trying to set themselves up to take advantage of these benefits? A. I usually don't point to a specific example, but instead try to break down the impact for that specific client. Many investors are not willing to sell due to the large amount of capital gains taxes they would have to pay after the sale, so walking people through the process, showing them the pathway for reducing their capital gains taxes and showing them what that means to them in a cash on cash investment scenario, is the proper way to introduce them to an Opportunity Zone investment. The difficulties have been few outside of the timing of the roll out of rules that are now available to everyone. Over the course of the introduction of the program to the last round of the rules that were shared in May of this year, the relatively new program is only one and a half years old. Q. How are properties marketed differently when they are in an Opportunity Zone and what has been the impact of that fact on potential investors you work with? A. Investors who are aware of the program and are looking to reduce the capital gains tax from a previous investment are now asking about properties in Opportunity Zones upfront in the process. In response, listing platforms as well as the agents using them are making sure that it is very clear their property is in a zone when it is, which makes finding properties easier and connects us to the other data we need to perform due diligence on projects. Q. What advice would you give to a REALTOR® who is counseling a client on the purchase of a property in an Opportunity Zone in order to take advantage of the capital gains incentives? A. Use the information that is available to you through RPR along with NAR, CCIM, as well as your state and local associations. Learn as much as you can about the process, key points and timelines within the program. I strongly suggest you also work with the client's real estate attorney and tax specialists to make sure the plan is right for them. The sale and reinvestment of the client's sale proceeds is an important decision and needs to be very well understood for the success of everyone in on the transaction. See the Commercial Opportunity Zone Layer in action: To view the original article, visit the RPR blog.
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Reverse Engineered Site Selection with RPR
Sometimes you come up with a great idea for a project, but you're just not sure where to start. Often times that means a trip to YouTube University for a video on how to change your oil, or maybe a cooking tutorial to help you nail that palak paneer dish you've been wanting to make. As a society, we know that turning to experts for knowledge is a great way to get up-to-speed more quickly, or fill in knowledge gaps that might otherwise cost us. So why not apply this approach to your commercial site selection process?
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How Commercial Real Estate Offers a Vision of Workplace Environments
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Educate and Empower Your Agents with RPR's New Commercial Learning Series
Introducing RPR's new Commercial video learning series, a self-paced introductory course designed to give agents quick, self-paced tutorials on the RPR Commercial system--a tool that will amplify their market expertise and help them be a more efficient REALTOR. The series includes seven courses, each lasting 10 minutes or less, with a printer-friendly handout to accompany each lesson. It's a helpful resource and opportunity for members to learn about new tools and techniques to help deliver a unique, competitive advantage.
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Piecing Together a Commercial Market
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Esri Refreshed with New Trade Area Data and Site Selection Options
This year's Esri refresh brought two new options for site selection along with the annual refresh of economic, demographic and tapestry segment data, available to REALTORS® nationwide! The most exciting addition is found in your attribute based site selection tool. The update now shows spending behavior at brick and mortar stores for multiple retail types.
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RPR Expands Commercial Focus in 2019
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Staying Ahead of the Game with Comprehensive Market Research
With more than four decades of experience in commercial real estate, Danny Levison knows a good thing when he sees it. That's why the principal of Atlanta Investment Properties (AIP) is a big proponent of Realtors Property Resource® (RPR®) when conducting market research. With a background that includes stints as a REALTOR®, investor, landlord and manager of a commercial brokerage that purchased, leased and managed multi-tenant commercial properties, today, Levison is head of both CommissionTrac and SharedSpace—a company that provides co-working opportunities throughout Georgia.
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What is a Retail Gap Analysis?
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How to Get Started in Real Estate Investing, According to the Experts
Meet Our Panel of Experts REALTORS are natural entrepreneurs who constantly look to grow their businesses and increase efficiencies. As I travel the country, the most common questions I receive are "How do I break into investing in real estate?" and "Where do I go to get training to take the next step?" So I wanted to talk to the people at the forefront of investment.
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A Commercial Pro's Success Amplified through Realtor Membership
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Top 5 Data Needs for Researching Commercial Properties
Here are the top five areas in RPR Commercial used by commercial practitioners to help bring clients to the closing table. 1. Property Details RPR Commercial makes it easy to assess every property's potential by aggregating public records with data from preferred partners such as CIEs/CMLSs, MLSs and national brokerages for on-market commercial listings. Currently there are more than 372 thousand on-market listings, over 35 million off-market properties, and with the integration of SMR Research, an additional 7 million tenants occupying space available for your research exploration.
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Midyear Commercial Wrap-up: Data Integration Top of Minds
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Spring Ushers in Major Refresh of Esri Data
The RPR development team has completed the annual Esri data refresh which includes over 1 billion data points! Esri data plays a critical role in RPR and is the data behind the commercial trade area analysis, federal and local economic area reports, and residential neighborhood statistics. Successful real estate companies know that opportunity comes from the detailed understanding of local communities and insights into their preferences. Esri's data sets amplify your market knowledge with location-based data to help you better understand factors that drive growth, thus allowing you to uncover opportunities and create competitive advantages for you and your clients.
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A Look Inside the Power of RPR Commercial
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A Realtor's Path from Selling Homes to Investment Real Estate
Mark Howe's career began like many Realtors, working a second job to make ends. To add to the challenge, Mark's start as a Realtor in 1982 was compounded by interest rates as high as 20-plus percent. While many may have let a less-than-ideal market discourage their path, success in the form of a commission check encouraged him to continue his real estate career. Mark voiced feelings that residential real estate was only a starting point for him, so we wanted to explore more about his path into investment/land brokerage and uncover some of his keys to success in this real estate arena.
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Market Watch: The Top Commercial Real Estate Trends for 2018
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A Look Inside the Power of RPR Commercial
Tangible, authoritative, reliable data. That's what commercial practitioners across the nation tell us about what they need to succeed in the marketplace. And RPR is ready. From demographics, psychographics and predictive analyses, to economic data and a full suite of reporting tools, RPR Commercial is a REALTOR's right hand. Check out this infographic for a breakdown of how commercial practitioners can use RPR to identify the who, what and where for every town/city in America:
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Commercial Real Estate Technology: Price vs. Value
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Beyond Spreadsheets with Real Estate Financial Modeling Tools
More than a year ago, RPR decided it was time to upgrade what it offered for analyzing real estate investment opportunities. Based on years of REALTOR® feedback, we scoured the internet and trade show floors to assess what was available and began narrowing down our list of potential partners. One of those companies, Real Estate Financial Modeling, LLC (REFM), built a platform called Valuate® that seemed to not only meet but exceed many of our wants, so we ran a test group that gave us the thumbs up to move forward with a partnership. From that point, Founder/CEO Bruce Kirsch and the REFM team have worked non-stop to expand this platform. We wanted to share with you a little about this journey.
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Top 5 Data Needs for Researching Commercial Properties
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Tenant Data Comes to RPR Commercial
RPR Commercial is your database of more than 35 million off-market commercial properties, 330,000+ on-market commercial listings with over 107,000 available leasing opportunities. You've had access to who owns a building, property specs, tax records, mortgage information, and legal descriptions for properties nationwide and now, with a recent integration with SMR Research, you have the ability to see over 7 million tenants that occupy space within a structure.
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An Economist's Tour from Wall Street to Main Street
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Mortgage Data Turns Table in Buyer's Favor
Every Realtor® has run into it once or twice. Encounters with sellers who are less than forthcoming about their property's shortcomings, including withholding facts about the outstanding mortgage. "Those kinds of surprises are detrimental to closing the deal," says Andrew Balalovski, broker and owner of Balalovski Real Estate in Reynoldsburg, Ohio. "So before I ring a client's doorbell, I'm two steps ahead of the seller. I know everything about the property's worth, its past mortgage, deed history, loan amount, taxes, characteristics, and even how the market is doing in the neighborhood."
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Wooing Amazon: Red Rover, Red Rover Send Amazon HQ2 Right Over
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Discovering Local Opportunities By Assessing National Trends
Staying up to date with trends affecting commercial real estate should be easier than ever. We have a multitude of informed experts at our disposal via social networks, news outlets, and a myriad of newsletters that magically appear in our inboxes. All of this information can become overwhelming, but through careful curation of who you pay attention to, you can begin to see the opportunities through the trees. Take for example the Commercial Real Estate Alert from NAR. In it are a number of trends that could impact your CRE business –– from demographics impacting the use of space, to sustainable building features becoming increasingly important for tenants/investors, to getting your next project financed through a crowdfunding website.
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At the Core of RPR Commercial
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Downsizing to Downtown: Boomers Hitting the Road
We've talked about Millennials seeking the work, live, play mantra as they locate to communities. Ironically, Baby Boomers have similar lifestyle preferences with walkability to entertainment and amenities as their core preferences. The Wall Street Journal recently published "It's OK to Party When You Turn 60." According to the article, more people are celebrating age rather than lamenting getting older. Also, 4.3 million babies were born 60 years ago. There are now more Baby Boomers than ever turning 60, with an approximate rate of 491 per hour. For Baby Boomers, an active economy is a leading driver when considering a move to urban living. They tend to downsize to communities where there are part-time job opportunities as well as nearby shopping, dining, healthcare, and recreational activities.
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Work, Play, Live: The Commercial RE Focus
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The Future of Integrated Technology and Real Estate
Leaders from Realtors Property Resource, Xceligent, Valuate and Buildout join Commercial Real Estate Show’s Executive Producer Michael Bull, CCIM, to share insight on how the use of integrated technology can add efficiency and profits to your business. In this segment, Michael and guests, including Nathan Graham, commercial services director, discuss the future of these technologies and how they’ll help the real estate industry. Part 1: Integrated Real Estate Technology from Valuate and Realtors Property Resource Part 2: Integrated Real Estate Technology from Buildout and Xceligent Part 3: Integrated Technology for Brokers Part 4: The Future of Integrated Technology and Real Estate
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The Next Frontier for Business Efficiency: CRE Tech Integration
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RPR / CommercialSearch™ Integration: Easier workflow with insightful data
Good news for commercial practitioners challenging tech firms to play nice in the sandbox with one another. You've been heard. Now, thanks to a newly formed collaboration between property data powerhouses Realtors Property Resource® (RPR®) and Xceligent™ CommercialSearch.com, your daily fact-finding missions are just a few, quick clicks away. "The RPR Commercial and CommercialSearch.com integration allows REALTORS® a single point of entry to collect detailed property data, along with analytics to support business sustainability. This is a huge benefit," said Greg Hrabcak, CCIM, Columbus, Ohio, who represents companies such as Kroger, Inland Real Estate Growth Fund, Textron Financial Services, United Parcel Service and Five Guys, to name a few. "The collaboration shifts my focus so I can draw insights for my clients more effectively and efficiently through an easier access and process for aggregating data." Access to real time data and intuitive reports are just a few of the value-driven features offered through the RPR/ CommercialSearch integration. Here's how to put all six features to work for you. 1. Expanded (and free) listing exposure CommercialSearch.com is a free national listing platform for marketing commercial real estate availabilities to tenants, buyers, and other brokers. Listings are visible to visitors of CommercialSearch.com and to more than 30+ million monthly visitors of Realtor.com.
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3 Bite Size Courses to Get You Going in RPR Commercial
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Commercial Real Estate Delinquency Rates Climb – Watch Out In 2017
Commercial real estate trends point to prices falling by as much as 5 percent in the next 12 months. What gives? A storm is brewing, creating a tsunami of issues for the commercial sector. The global surge in U.S. property investments that drove record values in years past is expected to wane alongside lower oil prices and disjointed debt markets. Property sales by publicly traded landlords, debt maturities, and tightened regulations are furthering the trend. The instability is creating a volatile commercial real estate selling atmosphere, with uncertainty about U.S. policies following the presidential election worsening matters. Let it rain Commercial mortgage-backed securities (CMBS) float amidst a tumultuous market in which borrowing costs for landlords are higher, inhibiting future price growth. Properties in small cities, dependent on Wall Street banks for funding, have been hit especially hard – a global market rout in February sent prices plummeting after Wall Street dealers were unable to provide liquidity when hedge funds were forced to sell CMBS holdings. Regulations such as Dodd-Frank are also not helping the situation, making it increasingly expensive for banks to hold securities.
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RPR Launches Traffic Data, New Report Customization Feature, and More
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Opening Doors to Real Estate Investing
Garland Harris Jr., REALTOR® Masters in Community Development, BA in Architecture from Prairie View A&M University Garland Harris Jr. may be new to the REALTOR® family, but he is already primed to make his mark on the Houston area. By keeping his eyes open for opportunities, he has moved from watching developers as a service provider, to building an investment team and client base driven not only by profit, but also positive community impact. Our conversation with Garland should encourage anyone looking at real estate investing to become a sponge for knowledge and enact a plan for 2017. When did you become a Realtor® and how did you start working with investors? Garland: I joined the REALTOR® family in 2016, but started working with real estate investors in 2014. My first exposure came from working as a design architect for some local townhouse developers. After learning the development side, I gained interest in real estate investing, and became a REALTOR® to get access to data and build relationships with agents, affiliates and lenders. How is working with investors different from working with a client who intends to occupy a property? Garland: The main difference is what drives them to a buying decision. An investor is not focused on things like street appeal, but on how the numbers work and how the investment fits into their overall business goals. Understanding your investor's financial wants and goals is critical.
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Simple Solutions for Gathering Commercial Property Facts
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Has 2016 Delivered on the Projected Commercial Real Estate Trends?
Trends are emerging that will disrupt "business as usual" in the commercial real estate market. Dropped your crystal ball? No worries – we'll fill you in. Time's they are a changin' – redefining this market segment and plotting a new course: More general developmentIn this sixth year of recovery, office, industrial, hotel and residential development are expected to grow as the economy shapes up, interest rates increase, and access to financing widens. Retail stalls, warehouses boomE-commerce continues to change the landscape with faster delivery options and the rise of online shopping/in-store pickups. Autonomous vehicles and car sharingCould transform real estate markets – and parking situations. This includes drones and driverless vehicle technology.
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[Infographic] Introducing the RPR App: Commercial Mode
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Commercial Real Estate Pro's 5 'Must Have' RPR Tools
One might think that 27 years in the industry would make anyone an expert on virtually anything real estate related. Yet, for Carlos Fuentes (CCIM, CIPS, TRC), the learning never stops, especially in commercial real estate. "I have to learn everything there is to know about a client's operation if I'm going to find the right location," he said. "Then I use stats, maps and reports to ensure the location is viable for that type of business. That's where RPR never lets me down." Asked which of RPR's tools and features he finds most helpful, Carlos replied, "All of them! RPR is an incredibly efficient and accurate resource that provides everything I need to know about a commercial or residential property. And I know it's more accurate than any other resource available in today's market." Here, in his own words, Carlos describes his favorite five RPR tools: 1. Best Business Report What he likes:"I use the Best Business Report all the time. The Esri data goes much deeper than what you'd expect. It breaks populations into segments like household income, male/female, married/single/divorced, etc., but the extra sections—like how and where consumers in the area spend their money—is invaluable. And the report itself is really impressive. My clients love the graphs that show which business types are over- and under-represented." How he uses it:"It's one of my most powerful influencers. If I have a client that wants to open an ice cream shop, I can run the Best Business Report and show him there's an abundance of similar shops in the area. But I won't leave it at that. I might advise my client to open a Dunkin Donuts, or a bakery that serves cakes as well as yogurt smoothies or frozen yogurt—something that gives him a competitive edge. On the other hand, I can also use the report to lead clients into areas where there isn't such tough competition." Carlos' Tip for RPR Reports"RPR's commercial reports are lengthy, as they should be. I like that I can customize them to reflect my brand, add notes, etc. But a lot of people don't realize that RPR intentionally leaves off the page numbers so that we can further customize the report by pulling out pages that aren't helpful to particular circumstances. Every single report can be tailored to that client's needs and interests, including adding our own pages."
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Commercial Data Comes to the RPR App
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Create the Perfect Commercial Presentation Package with RPR
The perfect presentation package can be timely and expensive to compile for REALTORS® working with commercial clients. Having the right reports and data to help walk a client through your expertise is essential in gaining their trust and business. It's your job to learn your client needs and wants; from space requirements, approved uses, amenities needed, etc., to specific attributes that might support who they want to be around for potential customers, tenants or even employees. The more thoughtful your asks, the more precise you can be with pinpointing the right location. Having this conversation provides you with a checklist for your research process and presentation package. Once you have your client's checklist, the data collection begins... STEP 1: ESSENTIAL ATTRIBUTES Review your client's checklist of attributes and determine the most important economic, demographic and spending behaviors that best suit your client's needs. For example if your client is looking for a multifamily investment, you might focus on finding areas heavily populated with those in early adulthood (20-39) who have college degrees, and who live in an area with population growth.
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The Strength of a REALTOR®: Resourced with Data for Commercial Business Needs
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RPR On-Demand Video Tutorials a Plus for Real Estate Pros
REALTORS®, broker brand managers and association staffers consistently reach out to RPR to request recorded versions of our webinars. We're happy to offer the recordings to participants, but did you know that RPR also offers on-demand video tutorials? In fact, these popular videos have been recently updated. How can RPR video tutorials help? To find out, we've surveyed three business professionals, each with different roles and perspectives. Here's their take on the matter: MEET OUR REAL ESTATE PROS #1: The REALTOR® Researching and identifying site use potential was easy for this St. Louis area REALTOR®. "The space is in an industrial area so I knew a sit down restaurant would cater to the area's working demographic," said Norma Nisbet, ALC, CCIM, CIPS, Vista Properties and Investments. With a quick look at RPR's Business Points of Interest (POI) video, Norma learned how to analyze nearby restaurants by type, annual sales, staffing levels and number of years in operation to determine how the new restaurant might fare against its competitors. Capturing this information within moments allowed Norma to then focus her attention on recruiting the right restaurant for her space.
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Leading Clients with Strategic Site Selection (6/29)
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5 Ways RPR is Opening Doors for ClientLook Subscribers
Now, REALTORS® who subscribe to ClientLook, a commercial real estate CRM with users in nearly 1,000 cities nationwide, have one-click access to Realtors Property Resource® (RPR®). The combined assets of these two new partners will be a major benefit to commercial brokers, investors, and owners who use ClientLook to manage and analyze customer interactions, and who want the added advantage of RPR's extensive property analysis and reporting tools at their fingertips. But that's not all... Instant access to RPR opens up a world of data for ClientLook users. Demographics, psychographics, consumer spending data, market activity, and economic statistics are available by simply activating RPR directly from ClientLook's property module. "It takes less than 60 seconds to connect with RPR while on the ClientLook platform," says Michael Griffin, President and CEO of ClientLook. The company even has a two-minute video to walk REALTORS® through the process. Beyond that, users will see three distinct buttons within a dedicated RPR section of ClientLook's property module: 1. Location Details, 2. Demographic Analyses, and 3. Client Reports. Each hold drop downs for further options.
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Introduction to RPR Commercial (5/3)
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Crossover to RPR® Commercial (3/2)
Wednesday, March 2, 2016 at 9:00 AM PST Ask any residential REALTOR® and they’ll tell you there’s no one size fits all approach to meeting the needs of clients. Today’s agents fill a variety of roles, needing to know not just the neighborhood, but also local economic conditions. Join us for this trek into the RPR® Commercial platform, designed specifically to address the interests of residential REALTORS®. Register now!
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Crossover to RPR® Commercial (2/3)
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What’s on the Horizon for Land With RPR Commercial
RPR® is committed to meeting the needs of all real estate segments, including a focus on what got this industry started—land. The strength of this all-important sector is unmistakable. Last year, RPR recorded more than 450,000 on-market land listings in its database—across both residential and commercial segments. That's a large enough number to command anyone's attention, including RPR's commercial team who recently surveyed land industry experts from across the country. Their goal was threefold: 1) Learn what tools are most helpful to practitioners, 2) Identify their current challenges, and 3) Set a path for how RPR can help. Here's what the team came up with.
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Commercial Real Estate Industry Lags in Embracing New Technology
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Crossover to RPR Commercial to address those quirky residential questions (11/11)
Wednesday, November 11, 2015 at 9:00 AM PDT Ask any residential REALTOR® and they'll tell you there's no one size fits all approach to meeting the needs of clients. Today's agents fill a variety of roles, needing to know not just the neighborhood, but also local economic conditions. Join us for this trek into the RPR Commercial platform, designed specifically to address the interests of residential REALTORS®. We will look at three common scenarios: A client is moving to town and wants you to find them a commercial property and then a nearby home. A client is looking for a small residential investment property with a specific tenant segment in mind. A client has a trailing spouse and they are asking you about potential employment opportunities. Register now!
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5 Amazing RPR® Commercial Tools to Try Right Now
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RPR® Commercial Serves Multiple REALTOR® Specialties
Word about RPR®'s commercial platform is popping up across the nation and, sometimes, in surprising ways. In the apex of a finance course at REALTOR® University's Master of Real Estate program, Adrienne "Abe" Wagner needed to identify, analyze and then bring to market a commercial property in order to pass the class. "I'd been using RPR for my business for a long time, but only for my specialty, which is residential," said Abe, an associate broker with Berkshire Hathaway HomeServices, Donegal, PA (pop. 165). "We don't have city sewer on our main road, so our commercial properties are very limited. So I knew this assignment was going to be a challenge." Never one to back away, Abe, who holds a Bachelor of Science in Economics, a Master's in Real Estate, and a robust line up of real estate related certifications, set out to become an expert in RPR Commercial. "'Know what you don't know' is common parlance among commercial REALTORS®," she said, "so learning to use the tools provided by RPR Commercial gave me everything I needed to generate an amazing array of reports on my income producing property. I couldn't believe the wealth of information and tools provided on the site." Increasingly, rural-centric agents like Abe are turning to RPR to identify marketplace opportunities for business owners, property managers and developers intent on moving into their areas.
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Crowdfunding Comes to Real Estate with Fundrise
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The Quantified Community: Taking Account Of It All
Once you start counting things, it can be hard to stop. Commercial property in operation presents a huge number of things to count, and it's only with modern technology tools that we can handle that data on an ongoing basis. Every type of commercial property, from industrial to retail to office, offers a universe of data to be collected. In order to find hidden value, areas for improvement, or to create comparative statistics to increase efficiency in property operation, we can count a property's various dollar flows, square feet, degrees fahrenheit, kilowatt hours, air pressure psi — the list goes on and on. Unlike decades past, thanks to the sharp rise in automated building operations systems, these variables are increasingly being sucked into computers, where all huge piles of data belong. If you're counting new terms coined by our technology-infused times, it's time to add one more. The marriage of new commercial property development and data collections aimed at ongoing improvement of property and community operation has taken on the name quantified community. It's a holistic way of capturing the vital signs of a commercial property plus the community it's embedded in. If that sounds vaguely medical, it's because the concept is an extension of the quantified self movement, where technology-enabled people are collecting information about their own bodies and diets in order to tweak themselves to maximum health. The simple bathroom scale isn't enough any more — and in real estate, neither is the simple electricity bill. The new thinking says we need to know the reasons behind the numbers, and to know our properties as we know ourselves — as systems.
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Making a Point with RPR Commercial’s Maps
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Bitcoin And Property Prices: Nowhere Near Ready For Prime Time
The new international digital currency Bitcoin has found itself in the news quite a bit over the past couple of years. The novelty of Bitcoin's story is attractive — a currency not beholden to any central bank nor any state is something that causes imaginations to run, and makes us review the relationships between the deals we make and the stuff we use to transfer value in those deals. Dollars are, after all, only one (supremely popular) means of facilitating payment. Beyond that rich area for thought lies the fact that Bitcoin's value in dollars has, in the long term, climbed sharply. Some see a speculative bubble destined to messily pop, some see the early days of a permanent and true digital currency. Many lie somewhere in the middle while a whole lot of folks are left wondering what the heck Bitcoin is. What is Bitcoin? I don't want to make anyone's eyes glaze over, but the fact is, explaining Bitcoin properly requires a lot of computer-nerd vocabulary and experience. As readers of The Source already know, I have a some depth in technology topics. The question is: can I explain Bitcoin without drowning anybody in jargon? Let's try: The simplest and most useful way to put it is like this: Bitcoin is a "secure" way to carry value on your computer or pad or phone. You convert dollars to Bitcoins (BTC) using an Bitcoin exchange and you carry around and spend Bitcoins in the same way you carry around files on your computer or send messages such as e-mail or text. That's it, for now anyway. The hows, wheres and whens are all nerd stuff and I'll be glad to answer any questions in comments. But for now: Bitcoins are magic pieces of digital information that carry value measured in dollars. Or Euros. Or Yen, etc.
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The 3 Best Email Marketing Platforms for Commercial Real Estate Professionals
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Holiday Deal: Win a Kindle Fire HD from REI Wise
REI Wise wants to build a more connected Commercial Real Estate community this holiday season. To accomplish this, the company is giving away a Kindle Fire HD tablet to one lucky Twitter follower. This contest is intended as a way to help CRE professionals better learn how to use Twitter for business development and grow relationships. To enter the contest, simply tweet and retweet updates containing the hashtag #12DaysofCRE. Each tweet with that hashtag equals one contest entry, so tweet early and tweet often! The 12 Days of CRE starts today Monday, December 10 and continues through Friday, December 21 at 5pm EST. REI Wise will tally the total number of tweets and one entry will be chosen at random and awarded a Kindle Fire HD. Winner will be contacted via Twitter. Click through to the next page to see the official rules.
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A Commercial Real Estate Blogger’s Take On Blogging
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RPR Commercial Brings It
Guest contributor Bill Rovillo of iMapp shares this post from his blog. I had the opportunity to catch up with Kristen Carr of RPR recently at the Ft. Lauderdale REBar Camp, sponsored by the Greater Ft. Lauderdale REALTORS. Kristen and I basically play in the same sandbox, just for different companies. We have become friendly competitors as of late. We had heard of the RPR beta version for commercial practitioners but never had the opportunity to see anything more than a few snippets here and there from their on-line videos on the RPR blog. So when I saw that Kristen had a free minute at REBar, being a former “commercial guy” myself, I jumped at the chance to see what she was up to. And then……..wow. Kristen breezed easily through the site with me. My mind drifted back to the early ’80?s when I was in Washington D.C. leasing commercial space. “Man, I wish I had this back then” was the recurring theme playing over and over in my mind. She showed me the RPR detailed location analysis report. A drive time report section. Market conditions, the economy and trend reports are also available. I saw great information for site selection and then my favorite- the Business Opportunity analysis report. All great stuff. The Biz Opp report to me (well, not me anymore, but to you, the commercial practitioner) was golden. A real gem. Imagine being able to show your client data that will represent the best location to place their business. The Biz Opp report does this. It will steer you and your client to make the “best location decision”, as opposed to the “best price decision”, which rarely are the same. With this type of information available, a commercial broker can help businesses, big or small, make the most informed decision on where the business should ultimately be located. While residential brokers have to deal with price, proximity of schools and the like for their clients, commercial folks deal with something much bigger. The viability of a business. And the welfare of the employees of that business. Talk about pressure!
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Beware: Three Vices to Effective Blogging!
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