Awash in Paper! Part 1
May 15, 2009 by e-Partner · 2 Comments
Why do we as owners of real estate companies do what we do, when we don’t have to do what we do? Why is this industry awash in paper, for example, when it doesn’t have to be?
Why have we continued to perpetuate old operating models that resemble giant defunct and non-profitable retail establishments when we don’t have to do so, it costs too much money and the consumers couldn’t care less?
Click the arrow to listen:
I’ve quickly learned I can’t do what historically real estate company owners have done, because I got into the biz during the hey day and bought my brokerage company right before the crash. I’ve been losing money ever since, but with a continued belief I’ll survive when the pendulum swings back. In the meantime, I’ve learned to cut costs, and I’ve been researching, studying and reading about newer, more cost-effective models. I’m in a small town, so not so convinced the local consumer, public or agents will get it, but I’m slowly convincing my agents in 2 small offices in 2 cities there’s going to be a different approach and brokerage firm model. I’ll look forward to reading more comments from others in different markets.
Ninah – Absolutely on track comment and thinking as a NEO Broker! We are of the opinion that we are not going to be going back to the \good ol’ days, whatever those were. We are in a new real estate economy. – Donald Teel, e-Partner