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The Value of CRE Professionals is in the Last 2%

Those of us in the Commercial Real Estate space spend a lot of time compiling data, updating spreadsheets, and paging through docs.  All so we can run the fancy analysis that helps us make a decision.  The heavy lifting is a necessary evil.

Salesman shaking hands with client with contract on the coffee table-1

 

The value of most real estate professionals lies in the last 2% of their workflow. 

The first 98% is really just so they can then get to the fun stuff – growing the business.  Talking strategy.  Executing the business plan.

 

The first 98% takes a lot of time. 

As we progress through our careers, we frequently push that part of the work to the more junior team members. A few years from now, they will do the same.  Updating spreadsheets monthly has become a rite of passage in most firms. We are an industry with several tasks that should've been automated a long time ago, but we've been dragging our feet. Here are 3 other reasons Commercial Real Estate technology has been slow to pick up.

 

Use technology that improves the first 98% of the workflow, because it’s the last 2% that holds all the value.  

Give them their time back, and they can optimize the 2% that will win more deals and optimize the portfolio.

Seek out technology that automates/streamlines/centralizes the first 98% like debt management software to enhance your workflow.

Your business doesn’t grow because of the heavy lifting parts, it grows from the strategic execution. 

 

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The LoanBoss Team
The LoanBoss Team

The LoanBoss Team works to gather interesting content from LB clients, our internal team members, and the world wide web. We hope you enjoy all of our thoughts with the boss.

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