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#150869 - 06/26/07 08:14 PM
Pay it Forward - BPO/REO Tips & Tricks I & II
   
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REO Slave
Major Contributor
Registered: 02/04/06
Posts: 1715
Loc: USA
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I thought I'd share a couple of tips since us "oldies" are referred to as many different expletives & generally branded as unhelpful! Even an old dog can learn new tricks! This may be helpful to all members.. old & new! This thread can be easily located or referred to via a simple search using the keywords.. Tips ~or~ TricksJust use the next number in sequence when posting a tip or trick.. #3, #4... It will be interesting to see how high the number will go! Enjoy: #1 Do you have a property that's new & you can't locate the details (sf, #br, #ba, etc) via MLS or tax search?Call the local building permit department. They will have all the details on file and in my experience, have been really eager to help. I've gotten to know one of the ladies in my local one by first name and she even faxes me a summary detail if I need it. It's helped me out several times and especially in one case where the BPO company kicked back a BPO as the subject info did not match the appraisal! They certainly believed the summary fax from the building department and approved my BPO immediately. #2 Going crazy trying to remember all of your login user name/passwords?Get RoboForm! http://www.roboform.com/ It stores all of them for you! I bought the RoboForm2Go version and it's on a USB key. All you have to do is click on Logins and select the web site. It automatically goes to the web site (as it stores the web site address as a link) and enters your user name & password! I like the portability of the USB version as I can use it at the office and bring it home as well. Nothing gets installed on your PC, just the USB key. This can also help you login faster for some of those orders! If you have a useful tip to share, post it here. Let's try to keep his thread free of questions, only post tips & thank yous to contributors!
_________________________
"There are people who make things happen, there are people who watch things happen, and there are people who wonder what happened. To be successful, you need to be a person who makes things happen.." - James Lovell- Astronaut
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#150871 - 06/26/07 08:23 PM
Re: Pay it Forward... Tips & Tricks
[Re: Gulf Winds]
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Member
Registered: 06/20/07
Posts: 193
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Gulf Winds,
At the risk of sounding low tech -- what is a USB key. I went to that website you listed. Looks like a problem solver! I have all my password stored on my desktop on an Excel sheet. So If I'm working from my laptop it creates a problem.
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#150896 - 06/26/07 09:03 PM
Re: Pay it Forward... Tips & Tricks
[Re: R. Danneskjold]
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Veteran Member
Registered: 01/18/05
Posts: 1495
Loc: Ohio
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#5 Declining an order due to being busy, or unfamiliarity with an area, is better than accepting one that you know will not be completed on time, or done shoddily. (Is shoddily even a word?)
#6 Before doing 2nds, ask the listing agent about any issues. They're gonna know way more about a property from the pre-list stage, than us in our 15 or 20 minutes inspection. And they appreciate it!!! You'll get to know the other REO agents in your area so much better.
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#150901 - 06/26/07 09:10 PM
Re: Pay it Forward... Tips & Tricks
[Re: KT]
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Member
Registered: 03/03/05
Posts: 365
Loc: Los Angeles
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#6 Fax Program Best tool I ever invested in… http://www.extremefax.com No more having to run to the office or where ever to pickup fax… They fax right into your computer… They give you a personal fax number (mine is toll free, no extra cost)… When ever I get a fax I can view it, print it, save it as a pdf, or email it… It even sends me a text message to my cell, telling me I have a new fax, shows from what tele number and how many pages… It also send s me an email, so I can pick it up if I cant get to my computer (just check your email from any computer)… No more having to worry about other agents in your office reading your confidential faxes… You cant the price, only $79 per year, includes up to 300 pages per month (additional pages avail for extra cost)… Regarding tip #2: Roboform - I also use and recommend it…
_________________________
Jim Pike Realtor / REO Specialist Gold Star Realty Burbank, California 818.845.2303 www.JimPike.com
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#150911 - 06/26/07 09:30 PM
Re: Pay it Forward... Tips & Tricks
[Re: REO Pro]
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Member
Registered: 11/02/06
Posts: 56
Loc: SOUTHWEST
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#7 getting rid of the stall air in reo.
vanilla plug in..( i know not a great tip, however it helps make the home appear more welcoming, and i have gotten positive feed back from buyers over the years.) i will try and think of better tips. this could be a fun thread
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#150912 - 06/26/07 09:38 PM
Re: Pay it Forward... Tips & Tricks
[Re: KGM]
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Major Contributor
Registered: 01/31/07
Posts: 1759
Loc: Midwest
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#8
if you go to do a bpo and its gated, or empty, never leave empty handed. take a picture of what you can.
_________________________
BPO's since 2001, REO since 2006. Equal opportunity lover since 1977.
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#150914 - 06/26/07 09:53 PM
Re: Pay it Forward... Tips & Tricks
[Re: King of Internet]
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Anonymous
Unregistered
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#9 I agree that MS streets & Trips is really a great program, but there is one county that it can never map for me, and if the address is too new, sometimes it can't get those either. That's when I try Google Maps. It has saved me several times. I can even map that particular county that never works on Streets & Trips, with Google Maps. You can just go to google.com and there's a map link at the top left of the page.
Edited by Kuntryhart (06/26/07 09:55 PM)
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#150931 - 06/26/07 10:37 PM
Re: Pay it Forward... Tips & Tricks
[Re: King of Internet]
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Member
Registered: 01/20/07
Posts: 109
Loc: Wild Wild West
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#8
if you go to do a bpo and its gated, or empty, never leave empty handed. take a picture of what you can. ive been known to tailgate...  or use the MLS to get codes
Edited by sortahippie (06/26/07 10:39 PM)
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#150932 - 06/26/07 10:42 PM
Re: Pay it Forward... Tips & Tricks
[Re: sortahippie]
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Member
Registered: 06/04/07
Posts: 10
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#9 Make sure you have extra batteries for your camera, just in case.
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#150942 - 06/26/07 11:09 PM
Re: Pay it Forward... Tips & Tricks
[Re: PlatinumBroker]
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Member
Registered: 04/24/06
Posts: 435
Loc: Illinois
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#16 - OpenOffice.org. Download it - It's free. If you have an attachment you can't open, save it to your desktop, right click and go to Open With, then Open Office. It opens anything - It comes in really handy when you do a BPO and they e-mail you the form. I recently bought a new computer and didn't get Word or anything - I saved a bunch of money, and I haven't had any problems.
_________________________
If there was a better way to go then it would find me I can't help it, the road just rolls out behind me
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#150947 - 06/26/07 11:49 PM
Re: Pay it Forward... Tips & Tricks
[Re: Margaritaville]
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Member
Registered: 09/03/06
Posts: 324
Loc: Southeast Iowa
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I'm downloading OpenOffice as I type. Thanks, Margaritaville! #17 Save a few keystrokes when entering URL into the Internet address box. Just type the "guts" of the address, press Ctrl + Enter, and voila! http://www.guts.com ! (Note this only works on .com addresses)
Edited by realtor1126 (06/26/07 11:52 PM) Edit Reason: clarification
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#150996 - 06/27/07 08:27 AM
Re: Pay it Forward... Tips & Tricks
[Re: realtor1126]
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Member
Registered: 10/16/06
Posts: 144
Loc: USA
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The way I remember the user ID's and passwords for these companies is to edit the bookmark name in my favorites to include the ID & PW. Granted I am the only one that has access to my computer.
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#151031 - 06/27/07 11:20 AM
Re: Pay it Forward... Tips & Tricks
[Re: ggwwttre]
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REO Slave
Major Contributor
Registered: 02/04/06
Posts: 1715
Loc: USA
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#20 There is an SD memory card called "Ultra" that has a USB connection on the back of it so you can plug it right into your computer even if you don't have an SD slot. It comes with a keyring holder for the card.
I bought it because they didn't have anything else that day... best thing I've ever got. No fussing with wires, no running my battery dead because I forgot to turn off the camera after I reloaded.
Camera stays in my car, SD card is either in camera, in computer or on my key ring...
It' been wonderful, I'd buy it again. Here's what I assume Gary is talking about. If not, here's another to consider. I have this exact one (Sandisk MobileMate. Bought it at Office Depot:  Works with pretty much any memory card and it's really small. I keep mine in my camera bag.
_________________________
"There are people who make things happen, there are people who watch things happen, and there are people who wonder what happened. To be successful, you need to be a person who makes things happen.." - James Lovell- Astronaut
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#151037 - 06/27/07 11:42 AM
Re: Pay it Forward... Tips & Tricks
[Re: Gulf Winds]
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Veteran Member
Registered: 08/17/05
Posts: 701
Loc: Birmingham, Alabama
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#21 I always take a picture of the street sign before I take any subject pictures. This makes it easy to determine which picture corresponds with which address. It can be confusing trying to find a particular address photo when you're downloading 20 or more at a time. Gulf, I'm going out to find one of those Mobile Mates TODAY!! That thing will save me sooo much time. As usual, you contribute some really great tips. Thanks to everyone for their contributions, great thread!
_________________________
George W. Jackson, IV Associate Broker, SFR Keller Williams Realty "Providing A Higher Level of Professional Service"
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#151054 - 06/27/07 12:02 PM
Re: Pay it Forward... Tips & Tricks
[Re: Gulf Winds]
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Member
Registered: 06/18/07
Posts: 14
Loc: NJ
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If you need distances try using the free version of google earth. Plug in the address then zoom to move your pin to the exact location then under tools measure straight line between 2 places (as a crow flies). the paid version google plus allow you to measure a circle.
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#151125 - 06/27/07 03:02 PM
Re: Pay it Forward... Tips & Tricks
[Re: ggwwttre]
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Member
Registered: 05/14/05
Posts: 301
Loc: Rock Hill, SC
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#151165 - 06/27/07 04:47 PM
Re: Pay it Forward... Tips & Tricks
[Re: Jollymon]
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Member
Registered: 01/20/07
Posts: 109
Loc: Wild Wild West
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#23 Going with the theme of #22...
I always look at the map of the neighborhood ahead of time and make sure that 1: I have an "out" of the neighborhood if things get hairy, and 2: that my car is pointing that way when Im taking pics. Nothing like having to make a U-turn when someone's coming after you!
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#151213 - 06/27/07 08:21 PM
Re: Pay it Forward... Tips & Tricks
[Re: MMann1]
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Darlene B
Veteran Member
Registered: 03/10/05
Posts: 1181
Loc: Texas Gulf Coast
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#23 EXCELLENT ADVICE.
#25 I now keep paper on front seat with the BPO address written on it EXCEPT a slight change in the street name. If I am snapping 0000 Morning Glades, I write 0000 Morning Glory. Or I write Smith Village instead of Smith Valley. Then, if I get caught and am desperate to leave, I just try to look confused and say something like "You called for the quote to paint your house?" Then I just hand him the paper with the wrong street name, and he will say something like, "You are on the wrong street, Lady", allowing me to apologize, thank him and drive off. This may work well for ladies especially, if they feel the situation may get hostile. Love this thread.
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#153917 - 07/08/07 08:28 PM
Re: Pay it Forward... Tips & Tricks
[Re: ggwwttre]
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REO Slave
Major Contributor
Registered: 02/04/06
Posts: 1715
Loc: USA
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#27- This is a great tool and your sellers will love it! One more way to save some time! Why would you NOT use it... it's FREE! Thanks Perky_REALTOR for the tip!!!
_________________________
"There are people who make things happen, there are people who watch things happen, and there are people who wonder what happened. To be successful, you need to be a person who makes things happen.." - James Lovell- Astronaut
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#153999 - 07/09/07 06:51 AM
Re: Pay it Forward... Tips & Tricks
[Re: Gulf Winds]
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Member
Registered: 10/26/06
Posts: 91
Loc: Massachusetts
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Remember your Passwords tip:
Today most passwords require a minimum of 8 letters and numbers, to keep things easy use this 8 character password changing only one character for each vendor.
BPOE2007 is the sample password, now lets break it down. BPO 'E' 2007
[BPO] or any of your own first three letters that you select are always the same. 'BPO' E2007
[E] Represents the first letter of BPO Vendor as in EMORT**** BPO 'E' 2007
[2007] or any four numbers you select are always the same in the password. BPOE '2007'
Examples: BPOC2007, BPOE2007, BPO oh oh what do I do if I have two companies with the same first letter. Let's say Country Wide. use the W. example BPOW2007 or CW example BPOCW2007. or CC example BPOCC2007.
This way if someone gets one of your passwords they won't get into all of your online registrations.
ron
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#154064 - 07/09/07 12:16 PM
Re: Pay it Forward... Tips & Tricks
[Re: Ron Bourgeois]
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Member
Registered: 10/26/06
Posts: 91
Loc: Massachusetts
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Acronym definitions,
Need a definition for that acronym, go to Google search, enter the information needed as follows; [ define:GLA ] without the brackets. For the best search results you should use the colon between the words.
let GOOGLE be you acronym resource.
ron
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#155785 - 07/16/07 02:22 AM
Re: Pay it Forward... Tips & Tricks
[Re: Ron Bourgeois]
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Member
Registered: 11/06/06
Posts: 174
Loc: Midwest
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28 On those 15 bpo days and you can't remember the number of bedrooms or bathrooms, especially in old houses sometimes chopped into duplexes, take pictures of your fingers. I shoot a few rooms and then hold up 2 or 3 fingers to indicated 2 or 3 bedrooms. I use left hand for bedrooms and right hand for bathrooms. Easy to tell when I get home and sort through to upload. Requires no paper and digital photos are cheap.
29 Stock Phrases. Spend a little time typing up a list of stock phrases. I use Excel. Tape the list next to your monitor. Can make it quick to enter comments when your brain is dead at the end of the day.
Edited by Clientless (07/16/07 02:24 AM)
_________________________
No legal advice. Seek an attorney. This advice worthless than what you paid for it.
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#155804 - 07/16/07 08:23 AM
Re: Pay it Forward... Tips & Tricks
[Re: reopro]
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Member
Registered: 04/04/06
Posts: 342
Loc: Alabama
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Heres one that everyone should do... Even though you might not think it will happen...
Keep some kind of form or paper with you from the assigning company, just incase a neighbor calls the law on you for doing an Interior BPO!!! It will save you a lot of headache!! Also helps if you have a Realtor tag or something on your vehicle as well!!!
_________________________
Michelle Baker United Country - 4 Oaks Realty & Auction Your REO Specialist!
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#155854 - 07/16/07 01:50 PM
Re: Pay it Forward... Tips & Tricks
[Re: Gulf Winds]
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Major Contributor
Registered: 08/27/05
Posts: 1620
Loc: Missouri
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32 http://www.city-data.com/ Get statistical info on small towns and villages to explain why you had to expand search radius to find comps. I created a Word document into which I have copied the stats for my area's small towns. I copy and paste relevant info into any BPO without retyping it. 33 As mentioned in a previous hint, I also rename the Favorites link to add the user name/password. To provide some security, however, I have a "normal" word I use in most of my passwords. I can substitute a * for that word and then add prefix or suffix to change passwords for different uses. Email your browser's Favorites/links to yourself if you need to transfer them to another computer.
_________________________
REALTOR®, Broker/Salesperson, GRI, ABR REO listing/selling since 2004; BPOs
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#156051 - 07/17/07 11:19 AM
Re: Pay it Forward... Tips & Tricks
[Re: LizL]
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Member
Registered: 03/21/07
Posts: 120
Loc: BPOville, USA
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#34 -- Trade-in the gas-guzzling SUV . . . perhaps this seems like a "duh" to most of you but i had a really intimate relationship with my Durango (anyone cried at a dealership on trade-in?) -- it's gone and i don't miss my 11 miles to the gallon and my Toyota Matrix is averaging 33 miles/gallon allowing me to broaden my work area and help my bottom-line with gas prices --
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#156146 - 07/17/07 04:43 PM
Re: Pay it Forward... Tips & Tricks
[Re: Arizona REO]
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Member
Registered: 12/14/05
Posts: 347
Loc: Missouri
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#35 If you can't find an address in a small rural town call the post office.
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#156632 - 07/19/07 11:03 AM
Re: Pay it Forward... Tips & Tricks
[Re: Countrygirl]
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Member
Registered: 06/08/07
Posts: 57
Loc: Midwest
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#36 http://www.grandcentral.com One phone number for life...this allows all calls to be routed to your grand central number so if you change office, move or get a different cell phone number and have given out your Grand central number NO problem... no one will ever know... Will ring all numbers (the one you choose to do so) at one time! Never miss a call again. Plus tons of great features FREE in beta. Grand Central has been aquired by GOOGLE. Now taking reservations for numbers so check it out. If you are interested... I have 5 invites I can give so you don't have to wait. I DO NOT receive any compenation for this...it is just because I have been with them prior to being aquired by GOOGLE. Thanks.
Edited by JQRealtor (07/19/07 11:04 AM)
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#158101 - 07/25/07 02:23 PM
Re: Pay it Forward... Tips & Tricks
[Re: JQRealtor]
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Veteran Member
Registered: 06/13/06
Posts: 1246
Loc: ^
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Ok, heres my contribution.....
#37 I have 2 sets of business cards (broker approved).... One is the normal business card that us RE agents have. The other is my BPO business card. It says my name, realtor and then on the next line it says Property Investment Specialist. I give this one out when Im doing interiors, or some nosey neighbor gets in the way, or the police (on occasion). Its worked for me.
_________________________
Live simply, love generously, care deeply, speak kindly and leave the rest to God ~ Ronald Reagan
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#158105 - 07/25/07 02:39 PM
Re: Pay it Forward... Tips & Tricks
[Re: Mitch]
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Member
Registered: 06/01/07
Posts: 51
Loc: Florida USA
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I have been trying to figure out how to do that for a long time. How do you do that on your monitor?
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#158120 - 07/25/07 03:09 PM
Re: Pay it Forward... Tips & Tricks
[Re: Ron Bourgeois]
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Member
Registered: 06/01/07
Posts: 51
Loc: Florida USA
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A great way to save your password is with Roboform. It is free. I installed and you can password protect your passwords or not, it auto populates forms and passwords,etc. I love it because I forget to write them down and at times I have been known to forget where I put them when I did write it down. Here is the link: Roboform Roboform.
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#158121 - 07/25/07 03:10 PM
Re: Pay it Forward... Tips & Tricks
[Re: TheTexasGal]
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Member
Registered: 04/24/06
Posts: 435
Loc: Illinois
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#38 - In addition to always having extra batteries, invest in a battery charger you can plug in to you car's cigarette lighter. I found one on clearance at Wal-Mart for about $12. #39 - I'm a total germaphobe - I bought a 50-pack of cheap washcloths that I keep in my trunk along with a bottle of rubbing alcohol. I wipe my hands and arms, and any other exposed skin, after interior BPO's. I'll also spray my shoes and pants with Lysol after the really nasty ones, and I spray my car seats every week or 2. #40 - Be prepared; I keep it all in my trunk, and have been very glad to have it with me many times: Well stocked tool box, broom/dustpan, padlocks/hasps/lock boxes, air fresheners, light bulbs, flashlights, batteries, latex gloves & surgical masks (visit someone in the hospital and stock up  ), small step ladder, trash bags, vics vapo-rub for the stinkies (Altoids work well too), bug spray & flea collars.....Did I miss anything? Duct tape! Gotta have duct tape!
Edited by Margaritaville (07/25/07 04:45 PM) Edit Reason: Forgot something
_________________________
If there was a better way to go then it would find me I can't help it, the road just rolls out behind me
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#172810 - 09/30/07 12:57 AM
Re: Pay it Forward... Tips & Tricks
[Re: Margaritaville]
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Member
Registered: 11/02/06
Posts: 56
Loc: SOUTHWEST
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thought I would bump this one back up to the front.. thanks gulf winds this was a great idea and what this form was about.
41. don't wait till your signs are stolen for scrape metal 3 times. in some areas it may be a good idea to use a plastic sign or put it in a front window.
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#173739 - 10/04/07 10:00 AM
Re: Pay it Forward... Tips & Tricks
[Re: KGM]
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Member
Registered: 04/15/07
Posts: 142
Loc: Prince William VA
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#42 - If you can't find an address because the area is covered in new construction drop by your local firehouse and ask if you can get a copy of their map.
I've found them a great help for this, and a small donation makes them very happy.
Edited by bristowVA (10/04/07 03:32 PM) Edit Reason: Getting tip numbering correct
_________________________
Providing BPO's and listing REO properties since 2004
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#173868 - 10/04/07 09:41 PM
Re: Pay it Forward... Tips & Tricks
[Re: Ellen45]
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Member
Registered: 03/21/07
Posts: 120
Loc: BPOville, USA
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#44 Trying to track down an "occupant" that won't answer door? Great FREE site http://www.peopledata.com - enter their name and state and you can even get a phone number on most for FREE! and if you need more information on occupant, put his/her name and state into http://www.veromi.net to get their relative's names (you can tell moms, dads, sisters and brothers by their ages which are also displayed) and i love the state court records -- my state actually shows addresses and birthdays so that if your occupant has been to court recently another place to track them down - these sites have helped me tremendously.
Edited by Gulf Winds (10/04/07 10:19 PM) Edit Reason: Added number
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#174336 - 10/07/07 10:32 PM
Re: Pay it Forward... Tips & Tricks
[Re: ggwwttre]
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Veteran Member
Registered: 06/15/05
Posts: 1245
Loc: Texas
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#46 Get the Sony T100 camera. It's 1 inch thick, about the dimensions of a credit card and with it's 25X zoom will enable you to shoot house number shots from a block away. I take them at time when the owners are sitting on their porch and don't have a clue about what I am doing. It can shoot up to 8 Megapixel so it is great for family shots also. Another great feature is that its Lithium battery lasts about 300 minutes of shooting so you will seldom run out of juice. Charge once a week and forget it. Also, with a 4 gig pro duo disk, you could put 10,000,000 images on the disk before you would run out of disk space. This shot was taken from 7 houses away from the subject at the maximum 25X zoom. 
Edited by Gulf Winds (10/08/07 07:30 PM) Edit Reason: Added number
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#174426 - 10/08/07 02:49 PM
Re: Pay it Forward... Tips & Tricks
[Re: R. Danneskjold]
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Member
Registered: 08/31/07
Posts: 54
Loc: USA
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4# Resizing Pictures
After retrieving a large group of photos you can have them batch resized for easy uploading by using a program called Visualizer Photo Resize. The program is free and no I do not have a web address. A Google or Yahoo! search should turn up the program with relative ease. #47 Guess it's time for me to add a tip... The best way I've found to resize quickly is Microsoft's Picture Resizer power toy for Windows XP. Select one or more pictures and right click them. The resizer is in the right click menu. Slick and quick. Does not work with Vista from what I can tell. For my Vista Machine, I use VSO. Both are free. Microsoft's is better IMO. Quick download - links provided below. Microsoft Resizer Power Toy for Windows XP VSO Image Resizer for Windows Vista
Edited by Gulf Winds (10/08/07 07:31 PM) Edit Reason: Added number
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#174504 - 10/08/07 09:14 PM
Re: Pay it Forward... Tips & Tricks
[Re: afsa99]
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Member
Registered: 10/05/07
Posts: 169
Loc: SoCal
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#48 - Mag Light Upgrade - We all have one laying around... -------------- A great upgrade and mod for that dated 3-D Cell MagLite everybody has laying around. Yes, it’s an LED upgrade and although similar in price, it’s not the same one you find at Wally Mart. This one is digitally controlled and bright – 150-200 lumens compared to the 35-40 lumens Maglight LED upgrade. Efficient too – an expected 60 hours on Akalines (yes, 60 HOURS). The total upgrade and mod takes about 5 minutes and will set you back $29.95 for the new LED upgrade/shipping. ------------------ For the bulb upgrade, purchase a TerraLUX TLE-6EX MiniStar5 SSC P4 U bin LED upgrade for 3-6 C/D cell Maglites. The drop-in upgrade is $24.95 and you can find it online, or at http://www.batteryjunction.com, . ------------------ For the mod, all you need is some masking, electrical, or duct tape. The end result is turning your 3-D cells into a 4-C cell light. This increases the voltage by 1.5V – so you get the performance of a 4-D cell light, in the 3-D cell body. This mod physically balances the light too. It reduces the weight by 8.5 ounces, and when you pick it up, it’s like, huh? Since the extra weight is gone – you can use this thing to whack something efficiently without worrying about snapping your own wrist. Remove the rear cap, and remove the foam/spare bulb. Flip the spring. You are nearly done. Next, take one of your C batteries and wrap it in tape so that it fits sug inside the Maglight body. The goal here is to be sure the C battery diode will always be cenetered on the Maglight positive switch. Be sure to trim off any tape around the edges so the batteries will make contact with each other. No need to wrap the other 3 C cells, the spring will hold them tight (and no, they will not rattle around sinside the body). Done. ----------- For $25, you’re getting a light with comparable performace to many lights costing $300-$400. Not to mention with the 4-C cell mod, it has a 60 hour runtime – that’s a long, long time in flashlight hours. Personally, I like the new, smaller LED lights. These guys (www.fenix-store.com) make great lights now approaching 200 lumens – which is surprisingly bright – and the light is only 2/75” in length! Enjoy 
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#174744 - 10/10/07 02:15 AM
Re: Pay it Forward... Tips & Tricks
[Re: HughesREO]
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Member
Registered: 09/01/06
Posts: 49
Loc: Southern California
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#49 Can't legally carry "heat" here in Ca so I've always got my pepper spray. Attached to my keys so its in my hands at all times. If I have an interior BPO and am going in alone, I make sure I'm on the phone with someone who knows where I am and what I'm doing there such as my husband or the listing agent. The agents are always happy to assist me as they are familiar with the property & circumstances. A bluetooth makes talking and snapping photos at the same time much easier =)
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#175822 - 10/16/07 09:35 AM
Re: Pay it Forward... Tips & Tricks
[Re: Pam]
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Member
Registered: 12/28/05
Posts: 202
Loc: Cleveland, OH
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#51
Fleas are a common problem in many of the REOs in my area. It's very easy to walk out of a property covered in them. Get rid of them by starting your car and standing in front of the exhaust pipe. Be sure to leave the garage door open if performing #51 in your garage!
_________________________
Debra Foreback Broker Associate RE/MAX Classic 7472 Ridge Road Parma, OH 44129 (216) 373-2882
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#175823 - 10/16/07 09:41 AM
Re: Pay it Forward... Tips & Tricks
[Re: Cleveland REO]
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Member
Registered: 12/28/05
Posts: 202
Loc: Cleveland, OH
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#52
Open a separate checking account for payment of REO expenses. This is also a good idea if you work for companies who do ACH payments for reimbursements and/or BPOs.
_________________________
Debra Foreback Broker Associate RE/MAX Classic 7472 Ridge Road Parma, OH 44129 (216) 373-2882
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#176407 - 10/19/07 12:13 AM
Re: Pay it Forward... Tips & Tricks
[Re: TheTexasGal]
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Member
Registered: 03/14/04
Posts: 302
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#53 For those who want the extra set of business cards (as TexasGal recommends - me, too) go to vistaprint.com. You can get all kinds of really neat and nearly free business cards and other stuff. Cannot beat the price.
Edited by Gulf Winds (10/19/07 09:01 AM) Edit Reason: Added number
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#176410 - 10/19/07 12:19 AM
Re: Pay it Forward... Tips & Tricks
[Re: patty]
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Member
Registered: 03/14/04
Posts: 302
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#54 I use dictionary.com to find new words when I feel I'm being repetitive in my descriptions. It's a good spellchecker, too.
Edited by Gulf Winds (10/19/07 09:01 AM) Edit Reason: Added number
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#179377 - 11/04/07 11:00 AM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: Gulf Winds]
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Junior Member
Registered: 11/04/07
Posts: 1
Loc: North TX
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#57
For those new agents that don't have a lot of extra money to spend on misc software programs that do help, however 20 bucks here and there every month will add up.....use a free email account such as gmail. They have web based areas that you can upload pictures, documents, ect. and can access anywhere you find a computer. The EFAX is key, a must have but as far as roboform, thats great until your computer crashes and everything is lost and you never took the time to make a hard copy of your passwords. (Make sure that you back up your hard drive and Roboform.) You can also create an excel spreadsheet and upload it to the documents section of gmail, and have it, make changes, save all your BPO's as reference, like when your on vacation, don't have your laptop, and an asset manager calls you wanting to "talk", get on your friends computer, and have available that BPO you uploaded.
Edited by Gulf Winds (11/04/07 02:06 PM) Edit Reason: Added number
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#179663 - 11/05/07 07:46 PM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: MMAC]
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Member
Registered: 10/05/07
Posts: 169
Loc: SoCal
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#57
For those new agents that don't have a lot of extra money to spend on misc software programs that do help, however 20 bucks here and there every month will add up.....use a free email account such as gmail. They have web based areas that you can upload pictures, documents, ect. and can access anywhere you find a computer. The EFAX is key, a must have but as far as roboform, thats great until your computer crashes and everything is lost and you never took the time to make a hard copy of your passwords. (Make sure that you back up your hard drive and Roboform.) You can also create an excel spreadsheet and upload it to the documents section of gmail, and have it, make changes, save all your BPO's as reference, like when your on vacation, don't have your laptop, and an asset manager calls you wanting to "talk", get on your friends computer, and have available that BPO you uploaded. #58 Great ideas. And to expand... OpenOffice Writer - or even get the whole suite. It's FREE! This is not shareware junk - it's put out by Sun Microsystems to compete with MS. The writer program, in many aspects, is more functional than Word. In fact it has a built in PDF button which allows you to save directly to PDF. http://www.openoffice.org/
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#180122 - 11/07/07 06:20 PM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: HughesREO]
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Member
Registered: 01/21/05
Posts: 105
Loc: Ontario, CA
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#59 ~ Payment tracking. I have created an excel spreadsheet with the bank name, property ID and address, payment amount, date received order, due date, payment amount, ref. #. When I receive an order I input this information, once the order have been completed, I input the date completed and/or sent. Once I have received payment, I delete the amount to be paid from one cell and more it to the paid cell with a ref. number. I also keep a total of the amount I'm due and the amount that I have been paid.
Due to me having many companies I work for, this helps me keep track of what, and who have paid me.
Hope this helped.
Also, this is an excellent thread and tips.
_________________________
Jacqueline ~ Think on this: All things are possible to him who believes it can be done!
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#180406 - 11/08/07 04:23 PM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: LovestJac]
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Junior Member
Registered: 10/24/07
Posts: 8
Loc: FL
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About # 59, being an accountant also, I enter all my "sales" (BPOs performed) as invoices for each client, this is very useful and it allows me to know exactly when the invoices are due, who owes me what, and the different price levels. I can send statements, have a separate bank account for BPOs, and with a click of the mouse I can know who is giving me the most business and who is paying within terms. About #55, I have a BB and before I take each pic, I enter the house number in my BB (like if I was calling a telephone #), take a pic of that, then take the subject or comparable pic, this is great bc I don't have to have additional papers with me, and we all know how many papers we have to deal with daily!
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#180445 - 11/08/07 07:30 PM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: Mre]
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Junior Member
Registered: 11/08/07
Posts: 1
Loc: SoCAL
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#60
Need to get into a gated community (and you either don't have a key or the wrong one to the exterior gate) and don't wish to ring up the home's occupant?
Call any other community residents from the callbox and anounce yourself as UPS or FEDEX. You'll be amazed at how most people will buzz you in without question!
(*Don't say that you're with the US Postal Service. They're federal employees, thus making it illegal to impersonate one, regardless of the reason).
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#180469 - 11/08/07 08:47 PM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: Build-&-TheyCome]
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Member
Registered: 03/21/07
Posts: 120
Loc: BPOville, USA
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#61 Strange place to find a comp?? We've all had a bpo where comps were really hard to find. A site that i frown upon my clients going to (usually gives them a really bad value for their home) can be so helpful when you're not having any luck searching one of the difficult properties. http://www.zillow.com will show the comps they use by closest square footage and by distance and includes all properties that have changed hands (including FSBO's) -- if a comp works for me i also have its distance -
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#180993 - 11/11/07 10:02 PM
Re: Pay it Forward... Tips & Tricks
[Re: ]
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Member
Registered: 01/21/07
Posts: 108
Loc: Los Angeles
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Regarding #55, I have found that using the -Recent Selections- feature on my Garmin GPS really helps to ID the pictures after I have downloaded the pics for a big order. I work in reverse and label the pics accordingly.
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#181548 - 11/14/07 08:28 PM
Re: Pay it Forward... Tips & Tricks
[Re: karole]
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Junior Member
Registered: 11/08/07
Posts: 2
Loc: Toronto, ON
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#62 Remote login to your PC from anywhere There is a FREE service you can use from anywhere called Logmein that will allow you to access your system from any web browser on anybody elses system. Completely secure, and FREE.  ... Very useful if you are caught requiring access to information on your PC at a particular moment. Can get it at http://www.logmein.comJonathan
Edited by JonathanLIVE (11/14/07 08:28 PM)
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#182317 - 11/19/07 02:28 PM
Re: Pay it Forward... Tips & Tricks
[Re: JonathanLIVE]
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Member
Registered: 11/05/07
Posts: 192
Loc: NY
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#63
for a quick and painless resize (less megs)- if you open a pic in MS Paint, and then re-save it, it will usually save the pic size at about a third of its original file size.
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#182877 - 11/22/07 04:02 AM
Re: Pay it Forward... Tips & Tricks
[Re: iTSSold]
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Member
Registered: 11/22/07
Posts: 22
Loc: atlanta, ga
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#64
Invest in your tools (cameras, locks, etc.). Cheap tools, lots of headache.
#65
Get with a local gas station and negotiate a discount for gas for your car and fleet, trust me it works!
#66
Make sure you find and place work in clusters (think same zip, same street, same neighborhood, if possible). Running around town hardly makes it worth it.
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#182993 - 11/23/07 06:49 PM
Re: Pay it Forward... Tips & Tricks
[Re: neudot]
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Member
Registered: 11/12/07
Posts: 29
Loc: New England
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#67 Watch the weather and base your "photo shoots" accordingly. Nothing is worse than having to go out to take pics in a "NorEaster".
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#183428 - 11/26/07 11:01 PM
Re: Pay it Forward... Tips & Tricks
[Re: Seymour]
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Major Contributor
Registered: 11/02/07
Posts: 1726
Loc: Central New York
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#68 Have you ever had to go take pictures of comps because your BPO company said the MLS photos weren't good enough? Here's a program to improve those MLS photos. I read about it, but haven't tried it. There's a free trial offered that might be all you need to satisfy those pesky QC people. http://tinyurl.com/azvom
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#185270 - 12/05/07 04:05 AM
Re: Pay it Forward... Tips & Tricks
[Re: RaquelMangual]
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Member
Registered: 11/11/07
Posts: 89
Loc: Ca, Orange/ Los Angeles
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#70 check out this STUN GUN FLASHLIGHT. I bought the one from target after our Jack Russell was mauled by a German shepard on a morning walk. Almost got the wife to trying to save her dog. This has prevented two animal incidents 1 coyote and a rogue dog. Just the crack of the stunner scares them off.( down side is it terrifies your dog as well ) Also kept a homeless from following her. The one from target is plastic and has an impressive stun gun. A so so flashlight works and she uses it daily. A pain to change the 9v batteries and the wires seem a bit cheap. Although it has worked great for a year. I plan to order this one for the rechargable batteries. (need to research if the site is good though.) http://www.tbotech.com/stunflashlights.htm This is the one I already got her from target.com stun flashlight http://www.target.com/Commando-Flashligh...ashlight&page=1
Edited by Gulf Winds (12/14/07 11:40 PM) Edit Reason: Added number
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#187205 - 12/13/07 10:03 PM
Re: Pay it Forward... Tips & Tricks
[Re: Broker Paul]
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Junior Member
Registered: 06/30/05
Posts: 3
Loc: Southern Indiana
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#71 I use a Dewalt flashlight, it uses the same batteries as my Drill, is incredibly bright, recharges in about 1/2 hour, ad last a really long time on each charge. It is far brighter than others I have tried.
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#187377 - 12/14/07 11:15 PM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: Gulf Winds]
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Member
Registered: 06/27/06
Posts: 25
Loc: USA
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#72 the 2 applications I use most for bpo work are: 1. GIMP (Graphic Image manipulation Program) http://www.gimp.org this is essentially a FREE professional grade photo editing application on par with Photo Shop. I use it for resizing (Image/scale) all of my photos. 2. ACD CANVAS it is expensive BUT... this is the only application that I have been able to find that will allow you to do photo editing, scalable vector graphics, edit PDFs, and precision drawing all in the same app. One of its more useful tricks is to get a parcel size when none is available from a plat map or public record (estimate). I place the Parcel Map PDF in a Canvas template redraw the scale box and measure it with the default ruler, change the default ruler to the scale ruler then trace the parcel, when I "select the parcel" (object) and choose (select) "object properties" it gives me the square footage of the parcel (this is an estimate of course but it is better than nothing) and unless you have it surveyed sometimes it is the only one you can get.
Edited by Gulf Winds (12/14/07 11:41 PM) Edit Reason: Added number
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#188157 - 12/19/07 12:18 AM
Re: Pay it Forward... Tips & Tricks
[Re: PlatinumBroker]
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Member
Registered: 06/20/07
Posts: 57
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#73
Make a spreadsheet in Excel with sums that will easily update for ever new year. I use this reference to quickly determine the age of the home.
Yr. Age 1971 -36 1970 -37 1969 -38 1968 -39 1967 -40 1966 -41 1965 -42 1964 -43 1963 -44 1962 -45 1961 -46 1960 -47
Edited by Gulf Winds (02/09/08 07:59 AM) Edit Reason: Added number
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#190117 - 12/31/07 01:17 PM
Re: Pay it Forward... Tips & Tricks
[Re: Vintage]
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Member
Registered: 11/29/07
Posts: 17
Loc: Georgia
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#75 My MLS only lists DOM, not date listed... Some bpo's want dom and others want the date listed. To convert DOM to an actual date I use a free program Easy Date Converter. http://www.hermetic.ch/solo/edc.htmjust put in what todays date is, put in the dom and it will give you the listed date.
_________________________
Some drink at the fountain of knowledge. Others just gargle.
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#190122 - 12/31/07 01:32 PM
Re: Pay it Forward... Tips & Tricks
[Re: OldSouth]
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Major Contributor
Registered: 08/16/07
Posts: 2813
Loc: X
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Uh-oh old south. I would be careful - days on market are not literal....There can be breaks in the history. Like I just saw one active with 94 days on market, but it was listed in 10/2006. Several periods temporarily off the market and pending.
Is there no history report on your MLS?
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#190124 - 12/31/07 01:37 PM
Re: Pay it Forward... Tips & Tricks
[Re: TB in TX]
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Member
Registered: 11/29/07
Posts: 17
Loc: Georgia
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Yes... but on our goofy MLS it only lists Days On Market... no dates. I was just offering the program I use to convert days on market to an actual date...
_________________________
Some drink at the fountain of knowledge. Others just gargle.
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#196353 - 01/23/08 07:06 PM
Re: Pay it Forward... Tips & Tricks
[Re: Trixie\]
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Member
Registered: 01/23/08
Posts: 21
Loc: Indiana, USA
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#77 Again with the keeping up with passwords and log ins.... I put everyting in my palm(cell/phone). I Enter each companies name in my phonebook, all contact info and, my phone lets me edit the lables so, I enter my usernames and passwords there too. I always have my phone with me if I work at home or any of the office computers, so I have all the log in info and pertinant info I need right there. Oh yes, and I can and do password protect my phone......Guess I will just have to remember that one though 
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#198173 - 01/29/08 04:37 PM
Re: Pay it Forward... Tips & Tricks
[Re: PlatinumBroker]
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Junior Member
Registered: 01/29/08
Posts: 3
Loc: Southern California
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#78 Always take a picture of the Address if you can...
Even if it is not asked for, often the bank has an old appraisal that they will compare your BPO to. You will need proof if asked that you were at the right spot.
Adam Kitt BPO Expert Baldwin Real Estate Svcs. SoCal
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#198176 - 01/29/08 04:40 PM
Re: Pay it Forward... Tips & Tricks
[Re: AdamKitt]
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Junior Member
Registered: 01/29/08
Posts: 3
Loc: Southern California
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#78 Great address verification site... http://www.melissadata.comGo to "Free Lookups" and select US Addresses. This site is amazingly great for many searches. 99% of the time I can get the address verified along with a map, county info, city info, demographic info and much much more. You can also get a list of all of the zip codes in your county and copy/paste it into excel for easy access for the BPO Co's. Adam Kitt BPO Expert Baldwin Real Estate Svcs. SoCal
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#198292 - 01/29/08 09:11 PM
Re: Pay it Forward... Tips & Tricks
[Re: PlatinumBroker]
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Junior Member
Registered: 09/30/07
Posts: 1
Loc: California, Los Angeles
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#79 I have got so much help from you all, and always wanted to contribute. so I found this website to calculate DOM http://www.calendarhome.com/date.shtmlcheers Amir and Nadia
Edited by Gulf Winds (02/09/08 08:01 AM) Edit Reason: Added number
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#200853 - 02/07/08 07:16 PM
Re: Pay it Forward... Tips & Tricks
[Re: azmi100]
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Member
Registered: 02/13/07
Posts: 362
Loc: psssst buddy-wanna buy a house
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#80 Have you ever deleted files on your memory card accidentally? Sure, me neither but IF you should: http://www.download.com/SoftPerfect-File-Recovery/3000-2248_4-10578156.html?tag=lst-2THis little utility can recover deleted files from sd cards #81 Nice over head photos of neighborhoods maps.live.com be sure to try birdseye view
Edited by Crash (02/07/08 07:21 PM)
_________________________
The person or persons writing this assumes that they have no idea who they are, why they wrote it and what it means.
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#202791 - 02/13/08 09:44 PM
Re: Pay it Forward... Tips & Tricks
[Re: neudot]
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Junior Member
Registered: 02/13/08
Posts: 4
Loc: KCMO
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When I take pictures of the properties, I always get a pic of the street sign to help sort them (amazing how taking pics of 8 houses in one day seems to make them all look the same). Also, after taking my pics of each subject, I press the cam down on my leg to create a "black" picture. When I get to my computer, I select "thumbnail view" in the folder and the black pictures make a nice divider between each home.
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#202792 - 02/13/08 09:46 PM
Re: Pay it Forward... Tips & Tricks
[Re: DJones]
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Junior Member
Registered: 02/13/08
Posts: 4
Loc: KCMO
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I bought a power inverter at Wal-Mart for about $40. It plugs into my cig. lighter, and creates 110V output. This is always in my truck, and I can always plug in my camera charger to avoid having dead batteries.
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#204368 - 02/19/08 11:59 PM
Re: Pay it Forward... Tips & Tricks
[Re: DJones]
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Member
Registered: 03/14/04
Posts: 302
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We use a variety of different style lockboxes and lockbox codes. I try to ALWAYS write them down as soon as it is installed, but sometimes forget and struggle to remember the codes. A new idea I'm trying is to TAKE A PHOTO OF THE LOCKBOX as soon as I install it. Once I see the box, I usually know the code. We take photos of everything else, why not the lockbox? Also, don't know if this is already on the list, but of course you want to take photos of the dataplates on mobile/manufactured homes. It will save you time and effort later!
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#204858 - 02/21/08 07:59 AM
Re: Pay it Forward... Tips & Tricks
[Re: patty]
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Junior Member
Registered: 02/21/08
Posts: 2
Loc: Southern California
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Great ideas. I also keep a list with me of gate codes for gated communities. Some agents use the same combo for each of their listing combo-boxes, so I keep a list of those, also.
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#207162 - 02/28/08 07:59 AM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: coloradoreo]
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Veteran Member
Registered: 02/25/08
Posts: 826
Loc: USA
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#84 http://www.bestplaces.net/ and cyberhomes.com are to sources for comps, neighborhood and demographic data that are useful for me
_________________________
Licensed Realtor since 2000
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#207887 - 03/01/08 11:40 AM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: Gulf Winds]
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Member
Registered: 02/22/08
Posts: 35
Loc: Colorado
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#85 - Tagging BPO photos with contact information -
I use either PaintshopPro or Adobe. After I resize the photos, I look for an area that is either pretty uniform in color e.g. sky or asphalt, pick a color that will stand out against the background color. Using the text editor within the program I add the following:
Asset ID: 12345 Address: 1234 Main St. View: Front (or back, street, address verification, damage, etc.) BPO completed by: ColoradoReo email: coloradoreo@comcast.net
I pick a font size that is not to distracting, neither too large nor too small. I also BOLD, ITALICIZE the text. Helps it stand out.
No company that I have done BPOs for has complained, but I don't think they really know what and why I'm doing this. I have gotten direct contact from lenders on other properties which I didn't even do a BPO on. And have gotten listings.
This act of self-promotion keeps your info in front of the lender who ordered the BPO. Remeber, if they say your name three times they will remember you.
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#209256 - 03/06/08 11:33 AM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: coloradoreo]
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Member
Registered: 03/06/08
Posts: 17
Loc: Minnesota
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Its always a good idea to keep a list of lockbox codes in you PDA for agents. Lots of them will use the same code for multiple properties.
_________________________
-Adam For FREE platinum quality real estate videos & reports on everything from foreclosures to flipping, visit http://www.FreeRealtySecrets.com today!
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#215548 - 03/28/08 10:42 AM
Re: Pay it Forward... Tips & Tricks
[Re: PlatinumBroker]
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Member
Registered: 03/26/08
Posts: 65
Loc: Florida, Orlando
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Thank you for whoever started this post. The information on this post has been great.
Dan
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#215661 - 03/28/08 04:43 PM
Re: Pay it Forward... Tips & Tricks
[Re: orlrealtor]
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REO Slave
Major Contributor
Registered: 02/04/06
Posts: 1715
Loc: USA
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Thanks for the compliment Dan! I'm happy to see SO many great replies and tips!
_________________________
"There are people who make things happen, there are people who watch things happen, and there are people who wonder what happened. To be successful, you need to be a person who makes things happen.." - James Lovell- Astronaut
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#215815 - 03/29/08 10:22 AM
Re: Pay it Forward... Tips & Tricks
[Re: Gulf Winds]
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Major Contributor
Registered: 08/27/05
Posts: 1620
Loc: Missouri
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SUGGESTIONS FOR HANDLING LOCKBOX CODES ON YOUR REO LISTINGS
#86
Keep an up-to-date list of all lockbox codes posted at your office for use by floor duty agents and the secretary. Make extra copies for yourself: the car, by every phone you use, taped on the computer, and I even have my husband keep a copy in his wallet in case I get a call when we are out.
When you have a few REO listings, it isn't much of a bother to have showing agents phone you directly for codes--but when you get a dozen or so, it gets to be a problem. I put the following in agent only comments on all my REOs: Call office for lockbox code.
#87
When the vendor allows you to select the lockbox code, use the last four digits of two or three different phone numbers and then rotate among them (office number, fax number, your cell number). That way if you get caught without your list, you only have to guess a couple of times.
#88
Pick any two numbers as the last two digits and then assign the first two numbers of the address as the first two digits.
_________________________
REALTOR®, Broker/Salesperson, GRI, ABR REO listing/selling since 2004; BPOs
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#216594 - 04/01/08 10:26 PM
Re: Pay it Forward... Tips & Tricks
[Re: PlatinumBroker]
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Member
Registered: 06/12/07
Posts: 14
Loc: Metro Atlanta
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#89 Finding information on a newer property not in tax record or MLS.
Try to find the subdivision name at least. This can lead you to some type of listing - which can get you a builder's name. With either builder's name or subdivision name, you can often find a website with the info online to include sq ft, acreage, # BR, BA. You may even find Active Comps this way.
BP!, REALTOR, 8 years doing BPOs. Now specializing in BPOs.
_________________________
BP! Barbara Pinner, REALTOR, 12+ years residential also experienced commercial, management covering Metro Atlanta - about 8 counties
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#224165 - 05/02/08 11:12 AM
Re: Pay it Forward... Tips & Tricks
[Re: Edward Wadsworth]
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Member
Registered: 04/10/08
Posts: 258
Loc: Michigan
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#91 Picture Resizing I am sure lots of you have a program to resize all of your pictures at once but Microsoft has a free program called "Picture Resizer" that resizes all of your pictures in one folder all at once. The cool thing is you dont need to open a new program to resize them. All you do is select all the pictures in a folder then right click on one of the photos and one of the menu options says "resize images". It is very quick and easy. Here is the link to the program: http://www.microsoft.com/windowsxp/downloads/powertoys/xppowertoys.mspxLook on the right hand side, there is a list of programs and the one for the picture program is called "image resizer".
_________________________
REO/BPO's are my game, Jack is my name. 5th Generation Broker Est. 1922
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#225090 - 05/07/08 03:36 PM
Re: Pay it Forward... Tips & Tricks
[Re: Wealth Realty]
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Member
Registered: 04/17/08
Posts: 258
Loc: CA
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#93 Use VB scripts to automatically refresh the website so all you need is just watch the screens for those companies that you need to monitor their webs to get orders. Now you can sit back & relax!!
I have just the program that does what's needed in the interval that the user can specify like 23,60,85 seconds,etc.
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#227086 - 05/16/08 10:32 PM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: Gulf Winds]
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Junior Member
Registered: 05/13/08
Posts: 6
Loc: NORTH CAROLINA
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#94 Be Careful who you bash!!!! Some of us are asset managers, some of us are vendor scouts, some of us assign out listings, oh yeah--- a lot of the above look to the REO attorneys to help refer them listing agents.....
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#229709 - 05/30/08 12:48 PM
Re: Pay it Forward... Tips & Tricks
[Re: SoCal Agent]
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Junior Member
Registered: 05/30/08
Posts: 1
Loc: Saint Paul, MN
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[quote=SoCal Agent]#49 Can't legally carry "heat" here in Ca so I've always got my pepper spray. Attached to my keys so its in my hands at all times. If I have an interior BPO and am going in alone, I make sure I'm on the phone with someone who knows where I am and what I'm doing there such as my husband or the listing agent. The agents are always happy to assist me as they are familiar with the property & circumstances. A bluetooth makes talking and snapping photos at the same time much easier =) [/quote]
As 'heat' isn't entirely legal in many areas, I suggest as much self defense training as possible. A few years ago I took several classes in knife offense and gun defense and it was the best fifty bucks I've ever spent. Martial arts classes often incorporate daily defense training as well. Carry that maglite and be ready to use it. I just read the post about the taser/flashlight at target and I'm going to get one. The pepper spray is only good if you have it out and are ready to spray. It's no use to you if it's buttoned up on your keychain, ("Excuse me, could you please stop robbing/beating/raping me kind stranger? I'd like to get out my defense mechanism first." This doesn't typically fly! :-)).
However, I wouldn't recommend being on the telephone while entering a sketchy area. It's always a good idea to have a home base phone call before and after your visits, (If I don't call you back in fifteen minutes I'm at XXX address, please call the police). If you are on the phone in a dangerous opportunity, your senses are dulled by the telephone distraction and you may miss a warning sign. Speaking of police, it doesn't hurt to call the non-emergency line to tell them what you are doing and see if they can't send a squad car to the area to 'drive by' while you are there. As a single woman in this industry, I've found that the police are more than happy to establish a preventative presence if they aren't already occupied. Obviously I wouldn't have them park outside the property with sirens and lights flashing, but a couple circles around the block are more than sufficient.
Just joined today. Thank you to everyone contributing, I know this forum is and will be a valuable resource to me!
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#231010 - 06/06/08 01:15 AM
Re: Pay it Forward... Tips & Tricks
[Re: Rob Robertson]
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Junior Member
Registered: 06/05/08
Posts: 2
Loc: NJ
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Here are helpful techy stuff we've found.
I think www.gpsvisualizer.com/calculators is really great. Our MLS features google maps when you click on the address you can punch in "to here" and "from here," but it only gives you street distance. GPSvisualizer gives you straight line distance.
Roboforms is a must have for remembering passwords.
PDF995 free PDF converter-printer, no need to buy expensive Adobe. We couldn't live without it. You can download it for free.
Microsoft Powertoys Image Resizer This PowerToy enables you to resize one or many image files at one time with a right-click.
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#233167 - 06/18/08 02:45 AM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: Gulf Winds]
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Junior Member
Registered: 05/14/08
Posts: 2
Loc: Riverside, CA
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Since everyone is so helpful on here - here is a good tip - don't post the CFK notices the asset managers send you - We have more success with just a big lettered sign saying that the occupant no longer owns the property and we would like to help get them cash for keys. Most people see a legal looking document and throw it away. If it is bold and to the point they usually call back.
Also going along with the lock box combo - if you can set your own I use four of the digits of the asset or loan number - easy to remember when you deal with the properties a great deal in the initial listing.
My question to everyone is I would like other peoples opinions on how they figure land value and adjustments. Thisis always such a gray area - and my agents that work with me keep asking me to explain- but I am a doer not a teacher. Any insights on how to teach this skill without pulling my hair out trying to make sure they understand.
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#233854 - 06/20/08 08:27 PM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: LizL]
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Member
Registered: 02/12/07
Posts: 187
Loc: Illinois
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Google's Picasa is a good photo editor, it is really excellent for brightening up dark photos, use the "Fill Light" feature for that: picasa.google.com
If your camera does not have a feature to add timestamps like mine, try TimeToPhoto, it will stamp single photos or batches of photos using their file data.
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#234633 - 06/25/08 11:29 AM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: nomba2]
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Member
Registered: 11/20/06
Posts: 38
Loc: Ohio
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#95 After I upload those 15+ photos, I rename each one to identify it, which helps when uploading to order forms also-
1314 Oak Street:
ofr (Oak front) oint1, oint2 (Oak interior 1, 2..) oadd (Oak address)
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#236485 - 07/06/08 05:58 PM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: OH agent]
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Member
Registered: 07/05/08
Posts: 46
Loc: Georgia
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#96 I created a work sheet, which I carry in my car so I can keep tract of all the for sale by owner, for rent signs, that I see and note that in my bpo.
#97 When doing address verification I take a picture of the address first when I get the rest of my pictures I take another picture of the address and then I will snap a picture of a piece of paper or something on my seat of my car to remind me that I am viewing another property.
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#238328 - 07/16/08 04:49 PM
Re: Pay it Forward... Tips & Tricks
[Re: PlatinumBroker]
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Member
Registered: 02/12/08
Posts: 14
Loc: CA
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#6 Fax Program Best quality and affordable service to receive fax via email is http://www.packetel.com Plans Subscription Cost Bonus Month(s) ============= ================= =============== 3 month plan 3 x $3.95 = $11.85 N/A 6 month plan 6 x $3.95 = $23.70 N/A 12 month plan 12 x $3.95 = $47.40 1 24 month plan 24 x $3.95 = $94.80 2
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#243442 - 08/08/08 11:09 PM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: galestorm]
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Veteran Member
Registered: 12/28/06
Posts: 806
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Someone on this thread suggested using a dual-monitor setup for doing BPOs.......I should have listened months ago. It cuts my time to completion in half. Buy a second monitor!
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#243640 - 08/10/08 01:11 PM
Pay it Forward... BPO/REO Tips & Tricks - Vol II
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REO Slave
Major Contributor
Registered: 02/04/06
Posts: 1715
Loc: USA
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This is part II of the ever popular Original Tips & Tricks Tread . As before: This thread can be easily located or referred to via a simple search using the keywords.. Tips ~or~ TricksYou must use acending numbers for each tip/trick and place the # sign in front of it. Example.. #1, #2, #3, #4... It will be interesting to see how high the number will go! Part I reached over 100!!! A few requirements: - this is only for posting tips and tricks, not questions!! - don't recycle/post old tips and tricks from Vol I! Let's keep this fresh!!! - oh yeah, don't post questions!!! Enjoy! If you have a useful tip to share, post it here. PLEASE.. keep his thread free of questions, only post tips & thank yous to contributors!
Edited by Gulf Winds (08/27/08 09:27 AM)
_________________________
"There are people who make things happen, there are people who watch things happen, and there are people who wonder what happened. To be successful, you need to be a person who makes things happen.." - James Lovell- Astronaut
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#243643 - 08/10/08 01:15 PM
Re: Pay it Forward... BPO/REO Tips & Tricks
[Re: MArealtor]
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REO Slave
Major Contributor
Registered: 02/04/06
Posts: 1715
Loc: USA
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Please continue in Volume II
_________________________
"There are people who make things happen, there are people who watch things happen, and there are people who wonder what happened. To be successful, you need to be a person who makes things happen.." - James Lovell- Astronaut
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#244168 - 08/13/08 01:32 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: Gulf Winds]
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Veteran Member
Registered: 03/26/08
Posts: 894
Loc: Los Angeles, CA REO Capital
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#1 I just got this new gadget for my business, but I was thinking to use it in my BPO side of it as well. Check the video and if you like it, give it a try. http://www.previsite.com/instructional.htm
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#246779 - 08/28/08 10:43 AM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: lisa p]
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Member
Registered: 02/07/08
Posts: 172
Loc: georgia
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It put this in a different thread, but thought it needs to be here. Helpfull Hint to those who don't already do it. I put a new folder in my inbox for each property and move each email to it. Saves a lot of filing and printing.
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#246791 - 08/28/08 12:10 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: smiling jack]
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Veteran Member
Registered: 07/14/08
Posts: 913
Loc: Puffy Clouds
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#249071 - 09/10/08 07:25 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: SuzeeQzee]
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Member
Registered: 06/20/07
Posts: 57
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Openoffice.org are good MS alternatives as well.
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#249095 - 09/10/08 09:54 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: MUNCH]
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Veteran Member
Registered: 09/21/07
Posts: 723
Loc: NY
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Here's a great FREE program to automatically resize your images prior to upload: http://bluefive.pair.com/pixresizer.htmJust point to the source directory, then select an output directory. It takes seconds to resize all of the pics and will save you a lot of time when uploading your photos.
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#249616 - 09/13/08 10:27 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: SuzeeQzee]
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Member
Registered: 07/05/08
Posts: 10
Loc: Phoenix, AZ
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One of the things I find takes FOREVER in those BPO forms where you have to upload one picture at a time (even more so if you have a very high quality digital camera) is uploading the pics on my BPO. I found a program that will downsize them however you need (by percent, exact size, etc.)
Also works GREAT for your REO forms if it's an AM that just uses the word doc with Photo Addendum and you need your photos in an exact size, as you can set the exact size you want the photo.
This program lets you resize entire folders of photos and place them into whatever folder you want. And it's FREE. Hope this helps someone else. :)
http://www.fotosizer.com/
Edited by PhoenixREAgent (09/13/08 10:28 PM)
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#249861 - 09/15/08 02:41 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: PhoenixREAgent]
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Junior Member
Registered: 08/06/08
Posts: 6
Loc: San Diego, CA
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For those of you using 23"+ montiros, checkout Acer Gridvista. It makes running splitscreen a breeze! You can split your monitor up into four separate screens. This saves a ton of time when doing BPOs.
http://www.softpedia.com/get/System/OS-Enhancements/Acer-Gridvista.shtml
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#256022 - 10/21/08 09:24 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: SanDiegoREOAgent]
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Member
Registered: 10/11/08
Posts: 301
Loc: Washington
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free program for turning anything into a pdf, .doc, .xls, .jpg, anything, It installs itself as a printer on your pc, and anything you can print can be turned to .pdf. great for those bpos that you fill out in word, send them in .pdf so they can't be changed. And Everyone can open pdfs. www.cutepdf.com
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#258482 - 11/06/08 04:56 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: DeanaW]
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Member
Registered: 02/13/07
Posts: 362
Loc: psssst buddy-wanna buy a house
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Solicitations from R.com or web optimizers??? Get taken off the call list by trying this little gem
"I am leaving the business and placing my license in escrow as of the 1st of the month....i am out of business...sniffle" If they persist i explain that " you don't understand....I am unemployed...how am i going to pay my mortgage, how am i going to pay for groceries....how am i going to pay for this 18 month old lexus/mercedes/porsche i leased (they will probably be repo'ing in in a few weeks anyway)....How am i going to pay my childs special education teaching assistant?
Just continue until it registers," my cards are cut off because they are delinquent.....my 90 foot yacht payment is late and being hidden in a little cove just outside us waters..."
Works like a charm!! And it can be fun, especially to kill time between the massive amount of work you are doing... Mr Agent, are you taking pictures? Yes the of the private school my 5 year old was going to attend....
Edited by Crash (11/06/08 05:01 PM)
_________________________
The person or persons writing this assumes that they have no idea who they are, why they wrote it and what it means.
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#260012 - 11/15/08 04:37 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: DeanaW]
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Junior Member
Registered: 11/14/08
Posts: 2
Loc: Virginia
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You can also use www.doc2pdf.net to transfer from a word document to a pdf file.
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#262021 - 11/29/08 08:30 AM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: KW Richmond]
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Member
Registered: 10/22/08
Posts: 53
Loc: SW PA
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#5 If you don't want to spend big $ on software and you have a student in your family, most companies give huge discounts to students. I bought Adobe Professional while my daughter was in college and only paid $172 with her student ID.
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#265868 - 12/22/08 08:11 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: DeanaW]
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Member
Registered: 09/29/07
Posts: 96
Loc: CA
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I use the following service to get rid of vehicles at abandoned properties. www.junkmycar.comthey usually get it done in a day.
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#268749 - 01/12/09 09:23 AM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: DeanaW]
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Member
Registered: 03/26/08
Posts: 65
Loc: Florida, Orlando
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if you need information on a condo or HOA go to www.condocerts.comI just found it and it works great.
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#271092 - 01/24/09 08:08 AM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: WisdomRealtors]
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Member
Registered: 12/25/07
Posts: 171
Loc: Alabama
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Review your completed orders if they are available online. Reading the QC comments can help you determine how the company rated your work. Also it shows you the format that the company uses, and you can determine if your agent info is transmitted with the order.
_________________________
"Things may come to those who wait, but only the things left by those who hustle." Abraham Lincoln
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#271869 - 01/27/09 09:59 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: DeanaW]
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Major Contributor
Registered: 08/16/07
Posts: 2813
Loc: X
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Okay, I haven't signed up but am going to right now - www.dashfly.comIt plans your routes using google maps, optimizes the route, creates an IRS compliant record and report of your mileage. It also has a feature to show recent gas prices along your route. I got an email with a discount code. I don't think I should post it here, but I bet if you call them you can get 50% off... I don't use my GPS, but have been using google maps on my laptop, so this just takes it a step further (because I really stink at tracking my mileage, and it is one of the top things that gets us audited!)... **Oh, and you can make notes for each destination, so you have a record of why you went to a location (appt, bpo, closing, whatever) for you favorite friendly auditor 
Edited by TB in TX (01/27/09 10:03 PM) Edit Reason: forgot something
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#275990 - 02/15/09 09:04 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: BuckeyeMatt]
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Major Contributor
Registered: 01/26/09
Posts: 2867
Loc: Old Dominion
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I have a stock alibi for the times when I am confronted taking pics. Still in the awkward position of zooming in on the address and facing a potential angry out of work person about to lose his home I say, "I with the boat trader magazine. I am looking for the 24 foot stingrayn for sale by owner. Or Auto trader looking for the 92 Deville." Whatever fits--it gives an excuse for the camera and buys enough time to click and get out.
Also automatic windows are recommended. Leaning over across my wide F150 to manully crank my window down to get a good shot, well...not so much.
_________________________
Life's not fair.
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#279149 - 03/03/09 07:53 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: Gulf Winds]
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Junior Member
Registered: 03/03/09
Posts: 1
Loc: Los Angeles
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#8 I buy Master combo locks for pool gates in bulk with a common combo. No key to lose and all contractors know the code.
#9 I cut down on calls from brokers asking "is there a supra keysafe" by adding a stock photo of a front door in the MLS with a supra on it. I even superimposed the words "Supra on front door" over the photo.
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#280848 - 03/12/09 12:28 AM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: REOmike]
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Member
Registered: 02/27/09
Posts: 155
Loc: Arkansas
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#10 I started getting SOOOO many voicemails that said "what's the combo for 123 main st, etc", I added a line in our MLS comments that says email/text me for combo. I give my blackberry email address so agents know i can respond fast.
Also, my voicemail now says something like, "...sorry i missed your call, feel free to email/text your message or i'll call you back..."
_________________________
REALTOR® since 2003, Broker since 2006, GRI REO/BPO since 2007
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#289671 - 05/07/09 12:04 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: HogCallBroker]
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Junior Member
Registered: 03/17/09
Posts: 1
Loc: Pearland Texas
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I have put together a list of helpful recommended sites. Real Estate Websites
Repair Website http://fixfliprent.com/repairs/index.php
Calculate land Size http://www.ez-calculators.com/land_acre_conversion_calculator.htm
This site is a big help to me, I can upload all the photos at one time!
Resizing Pictures http://bluefive.pair.com/pixresizer.htm
Resizing Pictures http://www.fotosizer.com
Split Screen http://www.softpedia.com/get/System/OS-Enhancements/Acer-Gridvista.shtml
I use this product everyday. It cuts down on printing and scanning. Best part it is free!
Convert to PDF http://www.cutepdf.com
Get Rid of a Car http://www.junkmycar.com/
Condo or HOA Information https://www.condocerts.com/home.html
Track Driving Route http://my.dashfly.com/
BPO Foreclosure http://www.allaboutbpos.com/
Store Passwords http://www.roboform.com/
Converts Documents www.OpenOffice.org
Remote Log in to Computer www.Logmein.com
Background Information http://www.peopledata.com/
Background Information http://www.veromi.net/processor.asp
Property Comps http://www.zillow.com/
Days Converter http://www.hermetic.ch/solo/edc.htm
Maggie McFarland http://www.thehomesourceonline.com
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#290478 - 05/13/09 04:39 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: Gulf Winds]
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Member
Registered: 10/21/08
Posts: 64
Loc: Sonoma County, California
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For those who arent treo friendly, try keeping your logins and passwords in an address book alphabetically.
Make it a habit to always make a note of it and be sure to get a book that you can add pages to later, you'll need to.
Edited by bmoreiko (05/13/09 04:42 PM)
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#291297 - 05/19/09 11:45 AM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: DeanaW]
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Member
Registered: 05/01/09
Posts: 20
Loc: Denver
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SET OF DEFINITIONS OF PROPERTY CONDITION RATINGS (POOR, FAIR, AVERAGE, GOOD, EXCELLENT)
POOR: Property has obvious signs of neglect including boarded/broken windows, peeling/missing siding, roof at the end of its useful life, considerable interior damage and/or extensive water damage/mold. These properties are generally vacant and typically uninhabitable.
FAIR: Subject will appear occupied, but ignored. Beginning stages of neglect, such as older windows and roof yet still functional. Exterior may need to be painted, but it is primarily intact.
AVERAGE: No apparent recent updates and no signs of significant neglect either. The exterior features of the property appear generally maintained.
GOOD: There are recent improvements observed, such as newer siding, windows or roof. Subject is typically well-maintained and is usually a younger home. Thus the features are newer, yet no obvious signs of deferred maintenance.
EXCELLENT: All major features appear to be recently replaced or the subject property is less than 5 years old and very well-maintained. Visually it should show as having been remodeled in a professional workmanship-like manner.
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#294001 - 06/07/09 07:50 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: smiling jack]
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Major Contributor
Registered: 01/26/09
Posts: 2867
Loc: Old Dominion
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It put this in a different thread, but thought it needs to be here. Helpfull Hint to those who don't already do it. I put a new folder in my inbox for each property and move each email to it. Saves a lot of filing and printing. Along these same lines I just made folders for each REO properties on my desktop. Inside I have listing packet, pdf of tax recs, pdf of bpo listings and solds, all addenda, list price reduxes, you get the idea. Just building on a theme. If desktop gets too cluttered, put all folders in one master folder called REO listings.
Edited by Doin' bpose (06/07/09 07:53 PM) Edit Reason: typo
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Life's not fair.
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#295028 - 06/15/09 09:19 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: Doin' bpose]
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Major Contributor
Registered: 01/26/09
Posts: 2867
Loc: Old Dominion
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I just came up with a new one for occupancy checks when you just can't tell for sure if anyone lives there. Leave a 'tell marker' on the door, like your card or a note taped to the window next to the door. When you return days later you will learn that it has been removed or that it remains. Either is a great clue to share with your AM. It makes O-check trips more meainingful.
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Life's not fair.
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#296608 - 06/30/09 12:42 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: DeanaW]
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Major Contributor
Registered: 06/30/09
Posts: 2247
Loc: Margaritaville
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Most digital cameras allow you to reduce the resolution to the point that you do not have to resize the photos even for ResNet. The photos are of good enough quality for MLS and it save the time of resizing. You only need 8 meg resolution for high quality magazine work of if you want to blow it up to poster size or larger. 0.2 meg resolution is fine for BPO's and MLS and most cameras can be set to it. It also allows more photos on a smaller memory chip.
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"Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind." Dr. Seuss
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#298912 - 07/17/09 05:27 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: MrRick]
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Major Contributor
Registered: 11/02/07
Posts: 1726
Loc: Central New York
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I'm not sure what you are referring to by "all this crap," but if you are referring to a way to organize your files on your computer, I find it essential. I have one folder for each company, subfolders for each address, all docs and photos for that order in that file. Not only can I find everything together while I am doing the order, but I can refer back to it again in the future if, say, I get another order on the same address.
From reading the Tips & Tricks suggestions, I have incorporated GPS Visualizer, an image resizer, and a calendar calculator for days on market. I also have set up excel files for bpo tracking. It's all good, in my opinion.
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#299259 - 07/20/09 08:46 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: neudot]
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Junior Member
Registered: 01/21/09
Posts: 7
Loc: Midwest
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I also taught myself how to pick locks, and rekey locks. But probably the most useful and easiest item I have is a set of bump keys. They are fairly easy to use, the best ones i found were at www.probumpkeys.com We do PP and they always come in handy and I can skip the locksmith altogether. :D Plus I don't have to drill many locks.
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#310302 - 10/19/09 04:12 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: UtahRealtor]
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Junior Member
Registered: 09/15/09
Posts: 3
Loc: Ft Collins CO
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Definitely the most important "trick" for me which allowed me to start getting tons of BPOs was to assign an alert sound on my Blackberry for emails, and vibrate for when that is necessary. If you don't get to those blast solicitations within a minute at most, they are gone. Most of the BPO companies do not allow you to change your password and some of the passwords they assign as so stupid! So you have to keep your passwords with you at all times as well. There is a thing called Password Keeper on the Blackberry which works just fine.
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#315103 - 11/24/09 05:02 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: Don Price (Pine)]
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Junior Member
Registered: 11/23/09
Posts: 2
Loc: Washington
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A nifty way to get BPO's without having to set your Blackberry to alert you is to use the Auto Accepter software that BPO Automation provides. Basically what it does is takes your login info and logs in over and over again, checking for new orders, which it then accepts for you.
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#315130 - 11/24/09 08:12 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: Blaise_C]
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Major Contributor
Registered: 01/26/09
Posts: 2867
Loc: Old Dominion
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This is a reiteration of a topic covered earlier, but I recently have gone to copy and paste data entry. It saves time and lowers supply costs. It does take getting used to if you are used to having paper to work with, but once I got used to it, I can't see why I did it the other way.
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Life's not fair.
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#317052 - 12/10/09 08:45 AM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: PalmBeach BPO]
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Member
Registered: 02/07/08
Posts: 172
Loc: georgia
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In Atlanta with FMLS; I use a map search, which I can set the radius to; it will pick up the misspelt and misscategorized; usually I get 1 or 2 I would not have had otherwise.
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#321294 - 01/11/10 09:18 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: smiling jack]
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Major Contributor
Registered: 01/26/09
Posts: 2867
Loc: Old Dominion
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If you do work for FARVV then try this to save some time on every order you do....Skip city and state. Go straight from address to Zip and you auto calc will kick in. Oh good.
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Life's not fair.
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#323036 - 01/20/10 11:08 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: Doin' bpose]
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Member
Registered: 12/28/08
Posts: 384
Loc: FL
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For those setting up utilities, I have an master account with my electric company, it is linked to my home account in that way I don't have to leave a deposit on each property (which is 2 months of the average monthly bill).... ask you electric company if you will qualify for that option. This had worked for water in a few cities where I already had a past account and they waived my deposit. I hope this info helps someone. And for the photo resizing, some cameras needs to be set at VGA format which set the photo for email and no need of resizing 
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#329518 - 03/04/10 02:18 AM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: Brian Anthony]
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Member
Registered: 01/09/09
Posts: 22
Loc: Sacramento, CA
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Taking pictures when it is really storming can help lessen the amount of people around that might be wondering why your taking pictures as quickly as possible and getting the heck out of there!
Also I try to take the smaller SUV to take pics, because it is smaller and quieter than my diesel truck. Makes things less obvious. Plus I seem to have a knack of getting bpos in dead end lanes with not a lot of space to turn around.
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#337141 - 05/06/10 02:17 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: Jeff Adams]
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Veteran Member
Registered: 10/13/08
Posts: 573
Loc: Mass
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Before going to an Interior, google the address, if there were any incidents there that got reported it will usually show up on the local newspaper website.
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#337154 - 05/06/10 04:26 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: MassBPOer]
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Veteran Member
Registered: 08/01/06
Posts: 1068
Loc: Downey, California
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I leave the cell phone in the car so it does not ring while I am taking pics. Don't slam the car door or activate the alarm to take quick exteriors. Those two actions are sure to bring attention to yourself. I take street photos from a block or two away, then zoom in my camera before approaching the property to take the address closeup. Zoom back out for quick front and two side shots.
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"People rarely succeed unless they have fun in what they are doing"....Dale Carnegie
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#340822 - 06/11/10 08:06 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: CALIF DREAMING]
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Member
Registered: 04/25/07
Posts: 105
Loc: Inland Empire, CA
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For lockbox combos: I like to use the number of the address or the last 4 numbers of the address.
Missing photos: I keep all my pic's. Occasionally I have forgotten to get the street photo. I can go back through my photos and many times I have some from same street on an earlier bpo
Edited by Shannon (06/11/10 08:07 PM)
_________________________
Credit Repair does work and you can do it for yourself or for your clients. Don't hesitate to ask me any questions or take a look hereand get the answers you need. I give some of the best info you can find online, and it's all free!
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#354097 - 10/10/10 12:57 AM
Re: Pay it Forward... Tips & Tricks
[Re: PlatinumBroker]
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Junior Member
Registered: 01/01/10
Posts: 5
Loc: Blaine, WA, USA
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My big tip is GET REGISTERED with as many BPO Companies as possible, but do your research to ensure that you're not signing up with companies that have a horrible reputation.
There's a good, free, comprehensive list (220+ companies) online at http://www.bpo-companies.com with links to each company to help registration.
Do not pay money or buy anybody's list of "400+ BPO Companies", because this is the sort of thing that should be free & open to all professionals (just feeling some ire after seeing 20 or 30 buy a list sites in Google).
Various agents say various things, but generally speaking you want to try & touch base with the regional asset manager at your BPO Company, so that they know you're in the market, willing to accept orders, and a dependable person. Just don't drive them nuts with phone calls.
Also, keep in mind that a "high volume" company depends on what region you're in: if you live in Los Angeles, you're going to see a LOT more LPS orders than rural Ohio - so don't freak out if you sign up with LPS and don't instantly see a bunch of work.
Also, the chief of IT at Quandis (manages IT assets for Old Republic, Equity Pointe, and RealServ) told me that they use a sophisticated program that searches for "cookie cutter comments", so avoid using them if possible (most agents re-use marketability comments, but try to do so thoughtfully and be sure they apply if you decide to do this).
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#356139 - 10/29/10 06:15 PM
Re: Pay it Forward - BPO/REO Tips & Tricks I & II
[Re: Gulf Winds]
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Member
Registered: 10/29/10
Posts: 42
Loc: Temecula, California, USA
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i also used roboform and loved it. it also is very reasonable.
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#358129 - 11/18/10 12:55 AM
Re: Pay it Forward... Tips & Tricks
[Re: PlatinumBroker]
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Junior Member
Registered: 11/17/10
Posts: 6
Loc: Oregon
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I'd love to know your standard blurb for "this is not an inspection..." Jen
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#358498 - 11/21/10 10:43 PM
Re: Pay it Forward... Tips & Tricks
[Re: Jen H]
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Major Contributor
Registered: 02/16/06
Posts: 2054
Loc: United States
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I'd love to know your standard blurb for "this is not an inspection..." Jen HOw is this? “Notwithstanding any preprinted verbiage to the contrary, this is a broker price opinion of the subject property specified on this report. This is not an appraisal of the market value of the property. If an appraisal is desired, the services of a licensed or certified appraiser must be obtained.”
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#358838 - 11/26/10 04:14 PM
Re: Pay it Forward... Tips & Tricks
[Re: smg]
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Veteran Member
Registered: 07/22/07
Posts: 1476
Loc: My BPO Dungeon :)
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I was out taking pics today and I got a small part of my car mirror in the photo. (I hate it when that happens.) I found a real neat web site that lets you edit your pics for free without having to download any software. It really works well, and I wanted to share. http://www.lunapic.com
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QC is evil
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#361389 - 12/21/10 08:47 AM
Re: Pay it Forward... Tips & Tricks
[Re: Brad - W4BJM]
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Member
Registered: 12/20/10
Posts: 33
Loc: PA
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Wow, this is one the best threads that I have read in this forum. There's so much to learn. I'm a part-time, newbie investor - just got started this year. Thanks folks.
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#362829 - 01/09/11 03:45 AM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: Eden Sir]
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Member
Registered: 12/08/05
Posts: 377
Loc: Monterey CA
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I have to confess, I've busted out the photo editor and "cleaned up" a Google photo for those comps where the listing agent decided he/she would only use interior pics. It's enough work to go out and take photos of subject, but to make a second trip to take pictures of comps in MLS? Hiding the Google marker balloon is no fun....
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#364847 - 01/27/11 01:41 PM
Re: Pay it Forward... Tips & Tricks
[Re: PlatinumBroker]
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Member
Registered: 01/27/11
Posts: 67
Loc: Florida
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Use an excel spread sheet to keep track of your work orders, payments etc. With one single click I can see what the next checks are going to be like. Kinda makes me feel good to see the numbers add up!
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#364971 - 01/28/11 01:02 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: Jeff Adams]
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Junior Member
Registered: 05/20/10
Posts: 3
Loc: Arizona
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I found a new website for finding birds / crows distance. I found it when the last site I was using was down. My favorite part of this straight line calculator is it always does the 2 past the decimal. The last site I was using would use feet if it was under 1000 feet.
http://www.wayop.com/Crows%20Distance%20Calculator.htm
Hope this helps some others out.
Rob
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#364987 - 01/28/11 02:50 PM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: PhxBlue]
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Junior Member
Registered: 05/20/10
Posts: 3
Loc: Arizona
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It does not look like it worked as a link. Here is a try again.
http://www.wayop.com/Crows%20Distance%20Calculator.htm
Rob
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#367470 - 02/20/11 09:21 AM
Re: Pay it Forward... BPO/REO Tips & Tricks - Vol II
[Re: Doin' bpose]
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Junior Member
Registered: 10/31/09
Posts: 7
Loc: Northern California
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[quote=Doin' bpose]I just came up with a new one for occupancy checks when you just can't tell for sure if anyone lives there. Leave a 'tell marker' on the door, like your card or a note taped to the window next to the door. When you return days later you will learn that it has been removed or that it remains. Either is a great clue to share with your AM. It makes O-check trips more meainingful. [/quote]
I have monitored a number of properties and there have been times where the occupant(s) continue to enter and exit the structure without touching their NOD, NTS, business cards, etc. So, if this is the case there are a few tricks I utilize:
1) Check the meter. If they have power on, that meter will indicate that.
2) Place a piece of scotch tape at the base of the front door so that it is positioned on the door AND the door frame. If that door opens up, the tape gets repositioned. Plus scotch tape is practically invisible and the it is likely that the occupant wont see it.
3) The best tip I can give is TALK TO THE NEIGHBORS! They know everything there is to know. They'll tell you when they moved out, what moving company, etc. Plus, in some instances, you are setting up a pair of eyes for yourself. Make sure to give them your card and get their number too.
4) Check the mailbox... it is policy that once USPS learns of a vacant property, they tape a bright colored card to the interior of the box that says VACANT. If there is mail in it, don't mess with it until you take possession.
5) Go check out the property at night in the dark. Occupants have a tendancy to use light.
6) If all else fails, call PG&E (in California at least)or your water dept... They won't give you contact info or billing names, but they will tell you whether or not service is on and, to determine tenant vs. owner, give them the name of the homeowner and PG&E will confirm whether or not that is the name on the account. They will only say yes or no... that's it.
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#368170 - 02/25/11 02:12 PM
Re: Pay it Forward... Tips & Tricks
[Re: PlatinumBroker]
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Junior Member
Registered: 02/25/11
Posts: 1
Loc: MA
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Quick question for fellow members. How do y'all find contractors online to get multiple bids on ur reo? Im just curious what method you used.
I've com across a few
servicemagic.com ecoverybid.com angielist.com
What are u guys using?
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#369373 - 03/08/11 08:57 PM
Re: Pay it Forward... Tips & Tricks
[Re: mareo]
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Major Contributor
Registered: 01/26/09
Posts: 2867
Loc: Old Dominion
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On my desktop I have a folder for each listing. Today I just came up with the idea of starting a 'running' notepad file for each property. Into this file I copy and paste each email relating to the property. I might switch over to a word doc, but for now I have established a communication log, which already exists in my email files, but is scattered. This will be a good addition I believe.
_________________________
Life's not fair.
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#372824 - 04/15/11 03:29 PM
Re: Pay it Forward... Tips & Tricks
[Re: Gulf Winds]
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Member
Registered: 04/06/11
Posts: 22
Loc: Florida, USA
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bing.com/maps aerials are amazing...
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#374452 - 05/02/11 07:25 PM
Re: Pay it Forward... Tips & Tricks
[Re: Doin' bpose]
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Veteran Member
Registered: 11/02/10
Posts: 798
Loc: Virginia
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This would be very good for just about any type of transaction for showing a conversation log. I have been shrinking my emails (to save ink) and printing them, one above the other, to save paper. (This is on just the important emails). But copying and pasting into a Word document, I wonder if a court or an arbitration or real estate board would consider them as actual emails because you can actually change the words on a Word Doc. Although they may consider my way of saving/printing emails questionable also. I had one transaction that I saved the emails as pdf files and put them on a SansDisk. I may go back to that. We're in a world that wants to sue any and every one if they're not happy about something (even if it's they're own fault). Maybe I could purchase the Disks in bulk for a cheap price. On my desktop I have a folder for each listing. Today I just came up with the idea of starting a 'running' notepad file for each property. Into this file I copy and paste each email relating to the property. I might switch over to a word doc, but for now I have established a communication log, which already exists in my email files, but is scattered. This will be a good addition I believe.
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#386056 - 08/09/11 11:14 PM
Re: Pay it Forward... Tips & Tricks
[Re: Gulf Winds]
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Junior Member
Registered: 01/01/10
Posts: 5
Loc: Blaine, WA, USA
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I can share some software tips - I worked with lots of agents for two years at the BPO Automation Group, and recently left to startup a new company.
Some stuff that comes to mind:
ROBOFORMS: An REO industry standard, but it slows your web-browser down for most people, and adds clutter to your screen. The solution?
For many agents, the solution is a second web-browser: especially if you have several toolbars on IE. Try downloading Mozilla Firefox. It can be helpful to have two web-browsers anyways: for instance, you can be logged into eMortgage Logic with two separate accounts, because they don't share cookies :o)
SPEED UP YOUR BROWSER! In Internet Explorer, goto Tools -> Manage Add Ons, and then disable the junk (I disabled everything; it still works fine). You can renable it later if need be.
Disabling add-ons doesn't remove them, but DOES make your browser faster. Most agents are shocked at the difference.
UNINSTALL Google Toolbar and/or Yahoo Toolbar unless you really use them.
GET REGISTERED! I'm going to mention www.bpo-companies.com as a solid list of links to vendors you can register with. It's sponsored by my old company, but worth checking out nonetheless.
Just today on REOPro, somebody put up a "get registered" offer for sale at $300 to $700 for them to do it for you. Interesting, but everybody I know does it themselves. That should be your first step in this area - get registered, get to know your asset managers at the various providers.
Also, if you're feeling lost with tons of orders, you can login to my new project http://www.team-workflow.com (user: leader, pass: password) and see if it might help. Maybe not - it's a tracking tool, but maybe Excel does the trick for you as well (90% of agents use Excel).
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#389071 - 09/09/11 05:02 PM
Re: Pay it Forward... Tips & Tricks
[Re: Tim Ventura]
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Member
Registered: 09/16/05
Posts: 361
Loc: Ohio
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For many agents, the solution is a second web-browser: especially if you have several toolbars on IE. Try downloading Mozilla Firefox. It can be helpful to have two web-browsers anyways: for instance, you can be logged into eMortgage Logic with two separate accounts, because they don't share cookies :o)
I love Firefox, it's my regular browser, but I am amazed at how many BPO sites are not compatible with it.
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#390332 - 09/26/11 12:11 PM
Re: Pay it Forward... Tips & Tricks
[Re: Gulf Winds]
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Junior Member
Registered: 11/16/10
Posts: 6
Loc: Florida
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#2 Going crazy trying to remember all of your login user name/passwords?
Get RoboForm! http://www.roboform.com/ It stores all of them for you! I bought the RoboForm2Go version and it's on a USB key. All you have to do is click on Logins and select the web site. It automatically goes to the web site (as it stores the web site address as a link) and enters your user name & password! I like the portability of the USB version as I can use it at the office and bring it home as well. Nothing gets installed on your PC, just the USB key. This can also help you login faster for some of those orders!
Thank you for posting that!! Trying to remember all of my passwords has been driving me INSANE! This will help tremendously. :-)
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#391936 - 10/16/11 10:04 AM
Re: Pay it Forward... Tips & Tricks
[Re: Realnet Tampa]
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Member
Registered: 02/19/10
Posts: 125
Loc: New York
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#2 Going crazy trying to remember all of your login user name/passwords? Get RoboForm! http://www.roboform.com/ It stores all of them for you! I bought the RoboForm2Go version and it's on a USB key. All you have to do is click on Logins and select the web site. It automatically goes to the web site (as it stores the web site address as a link) and enters your user name & password! I like the portability of the USB version as I can use it at the office and bring it home as well. Nothing gets installed on your PC, just the USB key. This can also help you login faster for some of those orders! Thank you for posting that!! Trying to remember all of my passwords has been driving me INSANE! This will help tremendously. :-) I use a free program that does the same thing. http://keepass.info/
Edited by Dave23 (10/16/11 10:04 AM)
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#396292 - 12/06/11 01:51 PM
Re: Pay it Forward... Tips & Tricks
[Re: Gulf Winds]
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Veteran Member
Registered: 03/20/07
Posts: 1085
Loc: South Carolina
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Get Evernote for your phone...priceless!
_________________________
Realtor Extraordinaire, ABR, E-Pro
Keller Williams Realty Upstate South Carolina
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#398028 - 01/03/12 10:04 AM
Re: Pay it Forward... Tips & Tricks
[Re: Gulf Winds]
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Member
Registered: 11/09/11
Posts: 33
Loc: Gets Work in FL
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Hi all,
This is the best site for converting acreage to square feet or square feet to acreage
http://www.convertunits.com/from/acre/to/square+feet
it has a date calculator and metric system
enjoy!!
Edson
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#398037 - 01/03/12 12:42 PM
Re: Pay it Forward... Tips & Tricks
[Re: Doin' bpose]
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Major Contributor
Registered: 01/26/09
Posts: 2867
Loc: Old Dominion
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I started a running email that I forward to myself daily after updating it. Subject line reads Get these things done. It includes whatever I need to remember with all phone numbers, email adresses, appts., or whatever. Once something is completed I highlight it in red. I can highlight things in other colors to add priortize or further classification. If something is not accomplished it can be copied and pasted for the next day. I can reference the email anytime from my blackbberry. I can print the list at regular intervals for a record of where my business has taken me or who I met with.
For example,
Tuesday Jan. 3 2012 call joes exterminating 000-523-3621 for 5309 Rockingshire bill to remax send report and clear letter to ______ hoa packet pay bills Wala Wala for 3 bpos
rich road MSR finish (comps from recent bpo) PAY DELMAR ROOF, SUBMIT DELMAR ROOF INVOICE pay for newsletter for 2 1/2 adds 37.50 each rich road lb paintcheck out rockingshire repairs (rudeboy0@gmail.com) is contacting you about: 103 Brock St,
_________________________
Life's not fair.
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#398647 - 01/12/12 01:44 PM
Re: Pay it Forward... Tips & Tricks
[Re: Gulf Winds]
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Member
Registered: 11/09/11
Posts: 33
Loc: Gets Work in FL
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#398842 - 01/15/12 12:09 PM
Re: Pay it Forward... Tips & Tricks
[Re: Gulf Winds]
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Junior Member
Registered: 01/12/12
Posts: 3
Loc: Ga
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Hi, Everyone
Quick question,i have been in the property perservation business about 15yrs i got established with a couple of company and got complacent. now i'm trying to expand. do any of you have some pp reo,or morgage companies you could suggest that need help in Ga.
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#399841 - 01/27/12 07:32 PM
Re: Pay it Forward - BPO/REO Tips & Tricks I & II
[Re: Gulf Winds]
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Junior Member
Registered: 10/21/11
Posts: 1
Loc: Fla
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Gated communities that I have gone into I keep the gate code in my smart phone. I now have all of them and just zip though the gate. If you have a phone that crashes on you follow up the code on your computer or in a little black book that you can keep in the car.
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#400860 - 02/10/12 07:09 AM
Re: Pay it Forward... Tips & Tricks
[Re: Gulf Winds]
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Junior Member
Registered: 02/10/12
Posts: 5
Loc: Ma
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best REO tip i can give... ignor all of the 1000's of "pay" sites trying to sell you info or lists or other BS about getting on the REO/BPO bandwagon (these sites make more money of us with that crap then they ever made doing REO's) and they are giving you NOTHING that is worth anymore then your own efforts could provide you.
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This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
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Registered: 11/04/08
Posts: 340
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