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All Forum Posts by: Scott Johnson

Scott Johnson has started 47 posts and replied 611 times.

Post: Podio for CRM?

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384
Originally posted by @Rohan Karunakaran:

When researching a platform to build a lead management & marketing solution for REIs, Podio was a no-brainer for us.

We haven’t found another platform that offers the level of flexibility and customizability as Podio. Add to that the project management, team collaboration, integrations and mobile app functionality and it’s hard to find a more complete solution on the market.

That said, it can be a costly and daunting task to setup a Podio workspace and 3rd party integrations from scratch. And to @Geo K.’s point, it’s important that you have the right process in place before you apply any systems automation.

You want to nail it before you scale it.

@Justin S.- to your point, we often see REIs track offers, manage leads and deploy marketing campaigns through different tools. However, once they adopt a centralized system of record to manage the entire process end to end, they can’t imagine going back to their old cobbled together systems.

Based on our experience building 30+ custom Podio workspaces for REI businesses, this is what you need in order to get a turnkey Podio workspace up and running:

Tools:

- Podio + Globiflow ($24/mo/user with Premium Podio Plan)

- Call tracking software like CallRail ($30+/mo)

- Call answering service like PatLive ($99+/mo)

- Text messaging service like Twilio ($15-30/mo)

- SlyBroadcast for ringless voicemail (pay as you go. ~$25-50/mo)

- RightSignature for document management ($15/mo)

- Lob (mail system)

Labor:

- Option 1: Hire a Podio Technical Consultant at $100+/hr

- Option 2: Do it yourself

On average, we've seen REI businesses spend about $250/mo on tools alone and about $4,000 on labor (40 hours) just to get their systems up and running. After that, they usually keep a Podio consultant on retainer for bug fixes and updates.

If anyone wants to chat about the benefits/tradeoffs of Podio vs. other solutions or DIY vs. out-of-the-box solutions, shoot me a DM.

Happy investing,

Rohan

I did a lot of research in to CRMs and started using Podio for similar reasons. RightSignature and Globiflow make life SOOOO much easier, and I always like to tinker with things, so it’s kept me occupied.

I just brought on a development team to help me streamline the processes and automate some of the lead collections. My goal is to have fresh leads automatically put into Podio each morning for us to contact.

All in all, I love using Podio and, although it’s a bit clunky now since I’ve been the one developing it, I’m looking forward to getting it streamlined and humming. I definitely recommend it if you like figuring things out.

Post: When to form an LLC and type of Trust

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

Hey, Carnet! Merry Christmas! These are fantastic questions for an attorney. Not sure if legal advice can be given on our forum 😄

Post: Lead wants to save her house in preforeclosure.

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

The only option I can think of would require a pretty large upside. Catch them up and buy it sub-to. AS LONG AS SHE CAN NOW PAY AN INCREASED MONTHLY PAYMENT for the property now (sometimes this happens where they get behind in payments due to downsizing and then get a better job but can't come up with the chunk of cash to bring their account up to date), you can rent to own and re-sell it to her at a higher price. As I said, though, the ARV has to support it and she has to be able to pay higher payments for a time.

It's a long shot, but a possibility. If you're still new, though, ignore it and move on. Plenty more out there.

Post: Background Checks...... Uh, how do I do this

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

@Bryan Clement, I actually want to know the answer to this question. Would we even check the credit of a section 8 tenant? The only thing I can think of that would need to be done is a background check to confirm felonies.

Post: Do you leagally need to be a realtor to wholesale

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

Depends on the state. Currently IL has passed legislation to outlaw it, but it's not to North Carolina yet. 

Post: [Calc Review] Help me analyze this deal

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

@Cameron Tope I have a portfolio of 9 properties under contract. They're under a portfolio loan, which is why the sellers had trouble selling it. I discovered that the properties can be split by using transactional funding as long as everything closed on the same day.

That said, I grouped properties that are close together so my investors have options, in case they don't want the entire thing.

Post: [Calc Review] Help me analyze this deal

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

Thanks so much, @Tim Herman! I appreciate your feedback. I just got the BP book on pricing out rehabs, so I'm still behind the learning curve of pricing things out :P. That really helps!

Post: [Calc Review] Help me analyze this deal

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

View report

Hey, BP! I'm trimming down a portfolio of 9 properties I have under contract into three separate mini-portfolios. Any critique is greatly appreciated!

*This link comes directly from our calculators, based on information input by the member who posted.

Post: [Calc Review] Help me analyze this deal

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

View report

Hey, BP! I'm trimming down a portfolio of 9 properties I have under contract into three separate mini-portfolios. Any critique is greatly appreciated!

*This link comes directly from our calculators, based on information input by the member who posted.

Post: [Calc Review] Help me analyze this deal

Scott Johnson
Posted
  • Specialist
  • Greenville, NC
  • Posts 622
  • Votes 384

View report

*This link comes directly from our calculators, based on information input by the member who posted.