April 2024 Newsletter

OFFICIAL LOCAL NEWSLETTER OF YOUR LOCAL REAL ESTATE INVESTOR ASSOCIATION

Designed

Bound into Spring

WITH BLOOMING KNOWLEDGE

As spring unfolds, it’s time to sow the seeds of success in your real estate endeavors Just as a diligent gardener tends to their plants, nurturing them to fruition, we ’ re here to provide you with the tools and resources to cultivate a productive and profitable spring

From insightful guides to practical tools, consider this newsletter your fertile ground for growth and development in the world of real estate

This month, we're thrilled to introduce our April speaker, who will share invaluable insights on "Mastering the Real Estate White Space " Get ready to uncover new opportunities and strategies to flourish in unexplored territories.

Using

So, grab your gardening gloves and join us as we plant the seeds of success together Let's cultivate a season filled with growth, prosperity, and endless possibilities!

Note:

Meet our Speaker for Aprli JenniferGreene

Ever since Jen can remember, she has always had a passion for helping people Jen has a unique capability to strategize ways out of complicated real estate situations, such as probate, divorce, and eviction, and she specializes in foreclosures.

Over the past few years, she has been able to separate her business from the competition by fulfilling the needs of a specific niche in her market and is now coaching other investors through her training platform, “Great Deals First ” She has been featured on several podcasts, TV networks, and magazine articles, including Fox, NBC, CBS, Now Media, and Travel Weekly.

JT Foxx said, “Jennifer Greene is one of the most forward-thinking women in the real estate investment space that I have seen in a long time ” She was awarded the “Rookie of the Year” as a Real Estate Investor in 2019 by REI Blueprint, a Loyalty 24/7/365 award in 2021 by the JT Foxx Organization, named a Top Real Estate Investing Executive by the International Association of Top Professionals (IAOTP) in 2022, was a finalist for the Better Business Bureau’s “Spark” Award in 2022, and in 2023 she was a recipient of the Women’s Empowerment Award by IAOTP. Jen is passionate about creating a life that exceeds expectations by living and breathing her motto, “Whatever it Takes,” on a daily basis

April Monthly Meeting

MASTERING THE REAL ESTATE WHITE SPACE

Are you tired of showing up at a house with 15 other investors? Are you sick of paying for outbound marketing with no results?

If so, you are in the same pool as thousands of other investors who are being taught the same thing by all the real estate “ gurus ”

When you develop relationships with the right people and add value to them right away, the opportunities for winning investments are endless

Doors open at 6pm, followed by networking, Haves & Wants, and then the featured presentation!

Upcoming Events

JOIN IN WITH SOME LOCAL EVENTS!

APR16 APR9

APR20 APR24

APR25

Monthly Meeting: Mastering the Real Estate White Space

NINJA: New Investor Networking

W I N G S Luncheon Summit Real Estate Entrepreneurs HELP NIGHT RehabLab Bus Tour

Monthly Meeting: Land Trusts Made Simple MAY14

Book of the Month

Coming up soon is the popular RehabLab Bus Tour! This event only happens twice a year, and seats are limited!

This full-day workshop takes you to three actual properties in various stages of the rehab process Along the way, we’ll be analyzing the deals, looking at numbers, and determining if it is (or was) a good deal or an “uh-oh” All the while learning how numbers may differ depending on wholesale, whole-tail, rehab, or hold

This is hands-on training for real estate investors at its best. Learn what it takes to rehab a property, and enhance your analysis skills!

EARLY BIRD PRICING

Up to 4/10/2024

4/11/2024 to 4/17/2024

Regular Price

Members: $97 -- Non-Members: $147

Members: $97 -- Non-Members: $147

Members: $147 -- Non-Members: $197

We are excited to unveil this new Resources Page designed to help YOU and your business succeed. Here you will find Tools we use in our business, the current (and soon previous) editions of the Newsletter, the Dream Team Catalog and commonly used Paperwork. Take a look at this page to get all the resources you need!

AI Helps Cut Costs, Aids in Fraud Detection in the Multifamily Space

BYL DINA CHENEY, NATIONAL ASSOCIATION OF RELTORS (NAR)

From tenant retention to the streamlining of property management, one expert speaks about how AI is revolutionizing how owners and managers approach the multifamily space. Although controversial, technology mimicking human problem-solving and decision-making capabilities can offer many benefits to multifamily owners and managers Thanks to its advanced pattern recognition and machine learning, this branch of computer science can help improve decision-making and cut HR costs

According to Daniel Berlind, CEO of Snappt, a data-driven fraud detection software company, it’s particularly impactful for application authentication, property operations, and tenant retention

FRAUD DETECTION

Applicant fraud is a significant issue for multifamily managers and owners, Berlind says This past year, Snappt found that nearly 8% of the applicants assessed had submitted fake materials. As Berlind explains, applicants can commit fraud in two main ways:

1. They can use pixel-perfect templates to create new documents.

They can use a PDF editor to download and alter an existing document.

2.

That’s why tech products like Snappt are so helpful With its fraud detection algorithm, Snappt can assess applicants more quickly and accurately “Using machine learning, it’s pulling together hundreds of thousands of different data points to detect anomalies,” he explains

PROPERTY OPERATIONS

AI helps property owners and managers save on HR costs and leverage employees more strategically Thanks to the technology, they can outsource lower-level tasks to AI Think: managing maintenance service requests and accounting processes, answering questions from prospective tenants, and scheduling showings with potential tenants After all, residents and prospects won’t expect to interact with humans when it comes to these more basic functions. Plus, systems can best keep track of service tickets and queries.

TENANT RETENTION

As a result, staff can focus on resident-facing activities, like planning and hosting events, offering tours to prospective tenants, and providing concierge services “When we ’ re talking about the day-to-day, AI can remove friction and help managers focus on the human connection,” Berlind says. By assigning employees to these higher-level needs, property managers and owners can boost tenant engagement and retention.

DECISION-MAKING

Thanks to its pattern-matching capabilities, AI can also help property owners and managers evaluate data more accurately For instance, the technology can project the future profitability of buildings, analyze thermostat patterns, and uncover the geographical sources of tenants This can lead to smarter decisions, like whether to purchase a specific property, how to reduce energy costs, and where to allocate advertising dollars.

Tool of the Month

BALLPOINT MARKETING - SAVE 5% ON YOUR ORDER

Ballpoint Marketing is a leading provider of direct mail for real estate investors, agents, insurance companies, and nonprofits. It’s what we use in our business to send out mailers, and we have seen GREAT success with these handwritten letters.

National Benefit of the Month

CAMAPLAN - SELF DIRECTED IRA ACCOUNT

CamaPlan can show you how you can invest in single-family and multi-unit homes, apartments, condominiums, commercial property, land, and foreign property with a self-directed IRA/401k.

Best of all, the earnings on your investment are tax-free or tax-deferred, providing you the opportunity to maximize your investment returns.

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