Didn't go to Inman NY? No worries...check this out!

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Services for Real Estate Pros with Reel Productions TV- Real Estate Video

 

There were an average of 50 people in the first ever Digital Video Summit at Inman Connect in NY.  All in all, I have to say I was quite impressed with the number of knowledgeable agents/brokers in the room in regards to video.  I noticed a stark contrast from just six months ago at Inman in San Fransico.  There, few agents “got” the whole video revolution.  Many were confused about how to successfully implement the medium into their business and couldn’t decide if they wanted to attempt the venture themselves or hire a professional.

 

Fast forward six months and you have a room filled with viable questions really addressing the issues of video in real estate and much of the room opting out of the “do it yourself” mode.  Which makes me wonder...did many of these agents/brokers try to do it themselves and found it too time consuming?  Did they not enjoy the process?  Did they simply not find the time in their crazy schedule to get it done?  None of these questions were posed but I can surmise at least one of the above is probably accurate.  Here’s my  take on that...real estate agents have enough to do in their day.  In essence, each agent/broker is a business owner having to deal with countless daily dealings.  Adding video production to their already packed schedule probably wasn’t a viable option for most. 

 

Still, some wanted to know what cameras were the best to buy, what equipment was needed to produce/edit video and what kind of costs they were looking to endure.  The loaded question of the day was, “How much time is this going to take if I do it myself?”  Needless to say, there was an audible chuckle from the audience.  Some probably knew the answer and others could probably take a wild guess.  It was best summed up by one panelist saying, “It’s kind of like putting together a stool from Ikea.  The first time you do it, it’s really not that easy and can take a lot of time.  But you get better and faster each time you do it.”  Great analogy.  

 

In this and in upcoming blogs, I will do my best to thoroughly answer each one of the above questions as well as the other hot button questions such as:

-How can I be creative with my video?

-Where should I distribute my video?

-Should I track the video or set it to music?

-How do I tell a compelling story?

-What questions should I ask when hiring a professional photography crew?

-How important is quality?

-What should my video contain? 

These are questions that my partner, TJ and I get on a constant basis when teaching our video training seminars.  Because of that, we have brochures for the answers!  

 

Here’s our first answer on camera choices: 

 

 

 

Editing Software: 

Final Cut Pro (Mac), I-Movie (Mac), Windows Movie Maker (PC)

 

-In my opinion Mac makes editing as close to idiot proof as possible.  It is very user friendly and can truly be self taught if you dedicate a couple hours to learning.  It allows you to make edits with effects (dissolves, swish pans, etc...some are fancier than others), add music, graphics and voiceover track.  The software is standard on Mac computers. 

 

-Windows Movie Maker can do all of the same as I-Movie but can be a little more confusing.

 

Costs:

If you’re doing the production yourself factor in the cost of the equipment you purchased (camera, lights, microphone, editing software, graphics software, etc) PLUS the amount of time it took you to shoot, edit and upload your video.  Why?  As a real estate professional you should know the answer to this one...

TIME IS MONEY!  If it took you one day factor your normal productivity for the day and what you normally anticipate as a monetary return.  If you’ve never thought this through before, you should.  Another way (and perhaps the more common method) is to take what your earned last year and divide it by your work calendar year (excluding vacation time, days off, etc)  

 

So let’s say you average $200 a day, you spent $500 on equipment and it took you two days for the entire production.  Your hard cost is $900.  Keep in mind, the next time you shoot, you can eliminate the equipment cost given that you didn’t purchase anything additional.  

 

Now taking that figure and looking at what it currently costs to get a professional video made, you are honestly comparing apples to apples.  However, your finished product will be comparing apples to oranges.  BUT WAIT, I promise I am not doing a shameless plug...there is a lot to be said for agents/brokers shooting their own video.  I am passionate about giving people the tools, knowledge and skills they need to succeed on their own.  That is the main reason we started teaching video training seminars because we were inundated with questions on how to produce a higher quality video as a “do it yourselfer”.  

 

But remember what I said above, time is money.  You have to ask yourself if you want to take the time to produce a quality video that you would be proud to hang your name on or do you want to pass the baton?  There is no right answer.  It is an individual choice for each one of you to decide.  The question that has already been infaticly answered is, “Do I need to use video as a real estate professional?”  YES!!!

 

 

Reel Productions TV


 

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Topic:
Real Estate Best Practices
Location:
Georgia Gwinnett County
Groups:
Podcasting and Vidcasting
Real Estate Video Marketing
Active Rain Virtual Tours
Audio & Video Q&A
Marketing Services & Tools for Real Estate
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Rainmaker
189,486
Herb Hamilton
RE/MAX Preferred Inc. Realtors - Portland, OR
Real Estate Broker ,CDPE, Downtown Portland

Imagine my surprise when reading your blog. For quite some time I have been questioning myself as to what video camera I would upgrade to ( from my JVC mini tape ).

Then back in November just before Thanksgiving I pulled the trigger and bought your choice above the Panasonic 40GB.

It truly is a great little camera. I have taken some amazing stuff with it and it is very easy to use.

I look forward to your future installments and answers to your own questions above.

Jan 08, 2009 01:13 AM #1
Ambassador
727,117
Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

Hi Tara ! What a difference of people's knowledge over your last Inman huh !!! ... I think everyone is starting to come around as to how important video is for Realtors ...

Nice recap, and helpful info ... great to see you in NYC !!!!

Jan 08, 2009 01:27 AM #2
Ambassador
890,780
Lane Bailey
Century 21 Results Realty - Suwanee, GA
Realtor & Car Guy

Tara, great post.  I agree (as a former professional photographer) that some people can do a great job themselves... and other, not so much.  But it also depends on the job and desired results.  I knew that for Brixham Court I wanted a professional video (and hired you and TJ) because that property NEEDED the best quality.  For other listings I may be able to pull it off myself. 

The important thing is to HONESTLY look at skills, abilities, time, cost and results.  Weigh the pros and cons.  Thanks, Tara.

Jan 08, 2009 02:09 AM #3
Rainer
6,188
Lance Ziegler
Real Estate Virtual Tours - Bradenton, FL

Look like a great event to go to. Hope it comes around Tampa area soon.

Jan 08, 2009 03:59 AM #4
Rainmaker
184,947
Cathy Tishhouse
RE/MAX Showcase Homes - Royal Oak, MI
Royal Oak Real Estate

A friend gave me his older sony camcorder (uses mini DVD tape & downloads via I-link).  I use this and a ultra Flip for my video.  I use windows movie maker to edit.  Right now I have the time to do it myself and like to learn but I am not happy with the quality and know there is something I am missing.  I try to do as much as I can in .avi extention (just learning about all this) but seem to have to save it to computer with the movie make extention to have it small enough to download to YouTube and Facebook.  I use mixpo for Active Rain posting but awful conversion to YouTuve so I download directly from my computer.  It seems that Flip video is better than the camcorder but other peoples videos on YouTube are much better than mine.  What am I missing - will an HD camcorder make that much difference?

Jan 08, 2009 05:07 AM #5
Rainer
61,444
Tara Jones- Atlanta
Reel Productions TV- Real Estate Video - Dacula, GA
GA

Herb-  Congratulations on your great purchase!  I'm so glad you are enjoying your camera.  

Sheldon-  I agree.  I think people are now started to realize that video is not going anywhere. 

Lane- You are exactly right!  Real estate professionals need to be honest with themselves about their skills.  It is a true talent to shoot, write and edit and not everyone has that knack.  The point I want to make is never sacrifice quality for the sake of having video. 

Lance- It is a great event. You get to mingle with the top professionals in the biz and hear the latest technology and ideas on the horizon. 

 

Jan 08, 2009 11:49 AM #6
Ambassador
2,681,681
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Tara- Photography and video is one of my passions in life so this whole video and blogging thing thrust me right into something else I love and now I have the best excuse to do it!

Active Rain has a great little easy to use and upload video to AR blogs with the little film icon on the AR editor. The platform is Mixpo. I was one of the trial users of the Flip with editing in Mixpo. Mixpo is great, very professional, much easier than movie maker and more editing choices. The sound choices of music - lots of choices.You can add stills and video, add text links and text. You also get SEO built in with analytics right in Mixpo. Katerina

Jan 08, 2009 03:45 PM #7
Rainer
61,444
Tara Jones- Atlanta
Reel Productions TV- Real Estate Video - Dacula, GA
GA

Katerina- Thanks so much for the addition!  Hopefully, others will give it try.

Jan 09, 2009 05:28 AM #8
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