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Make It Quick... How fast can you analyze a property and post a marketing
package to the web? Hmm. That depends. Will you do it yourself? Or will you
rely upon your financial analysts and marketing staff? In either case, my guess
is that finishing both tasks in one day would be super fast.
But why not thirty minutes? That's the aim of John Freyder, CEO of REI Wise,
whose online service, MarketEdge, targets properties from $500,000 to $15
million and whose users include brokers at Grubb & Ellis, NAI, RE/MAX
Commercial and Sperry Van Ness.
Here's how this web-based service works. Go online (from your office, at a
client's office, on the road). Enter the basic property information, the
financial data and your growth assumptions. Just like a desktop product, REI
Wise generates a series of calculations of future income, expenses and net
incomes, along with charts graphically showing the trends and (coming next
year) demographics.
Push a button and all of these projections become publicly or privately
available to potential buyers as an online marketing package. Check out three
examples -- an apartment complex in Las Cruces, NM, ($7.64 million), a medical
office building in Corona, CA, ($2.45 million) and another apartment complex in
San Bernardino, CA, ($8 million).
MarketEdge costs $24.95 per month with a one-year subscription. Next year
Freyder will introduce a similar online service for corporate lease analysis
for tenant and owner rep brokers. No more cutting and pasting from one desktop
application to another. No need to back up your work. Relax.
Spread the Word... This Dispatch is a "Sponsor Profile" recognizing REI Wise as
a supporter of PikeNet. Thank you!
-- Peter Pike
About REI Wise
Based in Newport Beach, CA, REI Wise is the industry leader in
subscription-based real estate investment analysis software. REI Wise offers
two internet subscription services targeted for real estate professionals
involved in commercial and multi-family investments. REI Wise is also the only
firm offering a full product line of stand-alone investment analysis software -
ranging from a novice package to software for the analysis of commercial
property. REI Wise software for real estate professionals includes excellent
market tools for producing branded investment proposals which are easily posted
on web sites, emailed, printed or saved. For more information, contact REI Wise
at
866.473.4435 or visit www.reiwise.com.
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