During August, September and then October our real estate revenues went into the toilet. Because of the credit crunch and the fact that consumers just quit buying revenues went down and our cash reserves dropped significantly. As a result we were forced to make some decisions which we had put off for a while. Many of them were cost cutting in nature but some of it was just refining the model.
Our first major expense we cut back on was Top Producer. This has been a hard one to replace, however we have around 50+ agents currently working in the different markets that we compete and as a company we were paying for all the Top Producer accounts. With Assistant Accounts our monthly expenses were about $1400/month which is not insignificant.
Looking at the CRM Landscape there was not a lot of solutions that made sense to move to. We had evaluate most of the Real Estate specific CRMs and most of them were priced similar to Top Producer. We were hoping there was something in the Open Source community and that was lacking as well. The closest I could find was ZohoCRM.com which provided a three person workgroup CRM platform however it lacked the ability to do drip campaigns, or if it did it was too crytic to figure out how to do them.
In July I made a run to Inman Connect in San Francisco and saw a product RealFuture CRM. On the surface it looked like what we needed. It provided a contact manager for all of our agents and with some upgrades we could push and track leads sent to agents from the company level.
However the biggest plus was that the platform for the basic accounts is "Free".
Now there are limitations to the platform however for the agent just getting started or even an agent with a modest database (of less then 500 people) the platform doesn't cost a dime and it provides most of the functionality of Top Producer on an individual agent level, the most important to us at this point was the ability for agents to put their clients into drip campaigns for longer term follow-up.
So far RealFutureCRM has been a good choice. Their tech support seems very responsive when there have been issues and it even interfaces with our GMail Platform inside of Google Apps.
All the Best,
Glenn Sanford
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Founder / CEO
BuyerTours Realty LLC & Working The Magic LLC
Direct: 360-220-1470
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Glenn, I too use RealFuture CRM. Can't beat free! Basic, like you said, but I have other programs that I use for anything else I need. Good lord you were paying a LOT of money. Glad you found this and it works for you!