So here’s an experiment in lead generation. Go to http://monitter.com  and at the top of the page and choose to read posts within 50 miles of your city (type your city into the text box.)  Next, at the top of each column add the words: Bank Owned, Foreclosure, and Investment Property.  What this should do is populate the three columns with the most recent Twitter posts of people within 50 miles of you who have mentioned “bank owned” “Foreclosure” or “Investment Property’ in their twitter accounts over the past few hours.  Granted, many of the posts will be from competing REALTORs, but there may just be more than a few prospective clients in that list looking for the services of a good real estate agent.

I tried this on a national level this morning looking for posts on Listing Leads and new real estate website, to join the discussion about the new lead generation services offered through RedX and was truly amazed at the number of people talking about expireds.  Anyway, for a technology savvy real estate agent, periodically monitoring moniter for prospects may be a good use of time.