Billions have been spent to "unmask LLCs".
But, it still doesn't work well.
Soon, we'll automate the "tried & true approach" w/ 1 click:
1. Pull data directly from the County.
2. Pull the LLC's Registered Agent directly from the State.
3. Find Registered Agent's contact info
@KMorrisonATL This assumes 50% of property owners use registered agent services which seems aggressive.
Institutional owners are more likely to use those services, but most CRE brokers & investors are looking to reach "mom & pop" owners.
Fact: Deal Data is gold in CRE.
Problem: We give it to a company that sells it back to us.
Solution: Imagine a "Marketplace" where you could access comps of deals done by @realEstateTrent, @BobKnakal, @fortworthchris etc.
If you called one of those guys up and said "I'll give you $20 for your comps", they'd laugh.
If 1k people paid them $20/month that's $240k/year, then you may have their attention.
Or, 10k people... $50/mo... you get the idea.
It's basically the Substack model for CRE deal data.
It attributes deal data value directly to the dealmakers.
Sounds cool Willz, but that could get expensive fast!
Yes, so maybe @zachmolzer's deal data is only worth a follow on Twitter/X... but, the additional followers may be worth it to him.
There are probably many flaws in this idea, but given the sentiment I've observed on this platform, it seems like people are craving a better model.
At @mapsheetdotcom, we have the infrastructure in place to build this exact marketplace within weeks.
But, I'll leave it up to #retwit / #crex to decide if they want it.
An estimated 90% of brokers have the same initial research process:
1. Search Property on County GIS / Tax Records
2. Lookup LLC on Secretary of State
3. Find owner contact info
4. Call property owner
5. Enter info + call results into excel
🧵 👇
At @mapsheetdotcom, we get you straight to the sources you trust, in less time.
We streamline your existing workflow so you can contact more property owners, in less time.
We're not recreating the wheel, we're increasing the horsepower.
#retwit#crex
@BobKnakal Information is the currency.
Keeping it in filing cabinets or spreadsheets is like stashing cash under your mattress.
Making maps with it is like investing your cash to get a return.
Just got finished with my demo on @mapsheetdotcom with @WillzTolbertCRE. If you are in any area of #cre you need to at least get on a demo and see this platform. It streamlines so many steps in sourcing deals, contacting property owners, and keeping everything organized.
On a demo, a broker described this common frustration during his pitches:
**Broker presents all comps/competing/available properties to a prospective client**
Prospective Client: "Well, what about that building? I thought that building was vacant. Why isn't it on your list?"
Broker: "Well, it's actually not vacant."
Broker's Problem: "If I don't have rapport with them, then they don't believe me."
Broker's Solution: "But if I had all my properties on a mapsheet, then I could say... No, see, here it is. There's that tenant. This is how big they are. Even though you didn't see a bunch of trucks in the front, that doesn't mean anything."
Broker's Summary: "So yeah, @mapsheetdotcom would absolutely be beneficial to me."
#retwit #CREX #brokerpresentation #mapsheet