Our real estate practice focuses on sustainable innovation. With this in mind, the idea of software in my tool box that can help put a property in context appeals to me.
For testing and identifying dollar risks, looking at income (before and after taxes) and comparing one property to others, I use a handy, professional software program I trained on during one of my CRS classes. I really like it.
Why?
- This software helps show my good green real estate investor-clients which property of interest holds on a strong income potential.
- It helps my eco-friendly 1031 clients compare properties.
- It helps us look at timelines in terms of best opportunities to relinquish, identify and acquire properties.
- It helps me present information in an accessible format with graphics, graphs and print-out reports.
For some of my clients who may feel more comfortable seeing "the numbers" in black & white, the software gives a hard copy to place in their take-with materials along with the maps and photos I always like to include in a package. All of this I appreciate. . .
However. . . a lot of something special may be missing. I've noticed that a software program appears not to provide:
- Human interest stories pertinent to buying decisions on a property.( Knowledge of the history and local lore accumulates with hands-on experience.)
- Intuition based on that experience, that can impact a buying or selling decision in a positive way.
That's why, when it comes to making a good green investment, after all the software analysis has been done, and before the curtain comes down on a selling or buying decision, I like to bring in another tool. This is one you may find even more powerful than software. It even can be "faster than a speeding bullet"! It can be as attractive as a puppy sound asleep on a fluffy pink blanket. It can be laser-precise.
What is it?
A lot something else- that little voice that wakes my clients and/or me up at 2:00 A.M. with that sense of possibility- that tells them this is "The Right One"- I've seen this happen time and again with 1031 investors interested in eco-development, in particular. I'm not exactly sure how it works, but if you are lucky enough to have a real property Muse - s/he could turn out to be one of your best assets.
Copyright © Greenolina, Asheville NC 2007
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