It’s time to set an objective, set an intention and set a goal so you can build your LREIA business in 2019!

In this video, JG Francouer dives into the power of networking and how to set yourself up for success this year.

He discusses why it’s important to go back to the ground roots of it all (networking) and why meeting people is the key to your success. As an LREIA, you are in the business of introductions and you need to put yourself out there & create a game plan in order to achieve your goals.

To find out why you need a plan for networking, why social media is a great tool, and to discover the value of portfolio reviews and portfolio planning sessions, watch now:

This month, we’ve offered you free tickets to the Real Estate Intelligence Network (REIN)’s upcoming Money Clinic and SOS Calgary events. These are incredibly powerful networking tools to take advantage of in order to build relationships, set yourself apart from your competition, and propel your LREIA business.

As we approach the end of 2018, LEGACY is preparing for the changes facing the real estate industry in 2019.

Canada is currently experiencing a massive intergenerational wealth transfer and people are investing in real estate more than ever before. Digitization – including blockchain, cryptocurrency and Artificial Intelligence – is lending itself to this movement and transforming the way business is done in the real estate industry.

Forbes reports that blockchain will revolutionize real estate in the new year through tokenization, smart contracts and property title.

  • Tokenization allows investors to buy or sell off their share in a property, which is stored as a token on the blockchain. It also provides investment opportunities to people who may not have been able to invest otherwise by enabling them to buy smaller shares.
  • Smart contracts eliminate intermediaries by allowing transactions to be completed directly between the buyer and seller. This saves time, reduces costs and prevents fraud.
  • Blockchain can consolidate property data, allowing buyers to efficiently research a property’s history. According to Forbes, this could potentially wipe out the need for title insurance – saving investors additional time and money.

LEGACY is forward-thinking and focused on helping investors embrace the future in order to grow and bolster their portfolios. We’re keeping an eye on blockchain’s growing role in real estate transactions and are eager to utilize (and share) its advantages.

To read the full Forbes article, “Three Ways Blockchain Technology Will Revolutionize Real Estate in 2019”, please click here.

LEGACY is the world’s first Real Estate Investment Advisory company. We are a full-service firm that helps you find yourself benefiting from the results of meeting your financial goals.

Our unique & proprietary process defines, shapes and configures one’s financial future by design achieved through profiling, planning, preparing and partnering inside the realm of real estate.

How can we help you? https://prepareyourlegacy.com/services/

As we move further into the Futurization of Real Estate, Artificial Intelligence (AI) is transforming and enhancing real estate transactions for both buyers and real estate professionals.

Merriam-Webster defines Artificial Intelligence as “the capability of a machine to imitate intelligent human behaviour.” According to CNBC, AI is the latest competition for real estate agents. While real estate has always been very relationship-driven, computers can process and analyze thousands of data points, targeting and assisting buyers in a way that humans can’t. AI improves efficiency, reduces costs, and can act as a round-the-clock source of information and support.

However, many people still prefer to deal with an actual person when purchasing a property. For that reason, AI is very effective when it is utilized together with real-life agents. AI can also assist agents themselves by automating work and increasing productivity.

How LEGACY Is Embracing AI

LEGACY’s Artificial Intelligence Digital Advisor (AIDA) is our way of utilizing AI to assist you and our LEGACY Real Estate Investment Advisors (LREIAs). AIDA is on every LREIA’s Personal Marketing Page to direct visitors, answer questions, and identify each person’s unique interests and needs.

LEGACY is the world’s first Real Estate Investment Advisory company. We are a full-service firm that helps you find yourself benefiting from the results of meeting your financial goals.

Our unique & proprietary process defines, shapes and configures one’s financial future by design achieved through profiling, planning, preparing and partnering inside the realm of real estate.

How can we help you? https://prepareyourlegacy.com/services/

Blockchain could take over the commercial real estate industry because it allows for seamless and secure transactions, offering a level of transparency and efficiency that is especially important in real estate.

Commercial real estate services company Cushman & Wakefield recently reported that while the adoption of blockchain and cryptocurrency in commercial real estate is still in its early stages, it is expected to become widely adopted in the next decade. According to the company’s Americas Head of Research Revathi Greenwood, “As operational hurdles are addressed, convergence with other technologies grows and questions over scalability are answered, we expect blockchain to influence and impact commercial real estate across several verticals.” Cushman & Wakefield says that blockchain could improve asset management, property searches and smart contracts.

Now is the perfect time to embrace this new technology so you can prepare yourself for what the future holds for commercial investors. Blockchain increases stability and productivity, and enhances everything from due diligence to lease management, which will impact the commercial real estate sector on a global level.

Click here to read Cushman & Wakefield’s full report.

What a couple of weekends it was!

Over 30 LEGACY REIAs took advantage of the LEGACY Lounge and Studio at the Edmonton and Vancouver REIN ACREs.

Ideas were shared, connections were made, laughs were had and work was done!

Hours of Intro videos and marketing content was shot by you LREIAs, we took 1,000’s (yes 1,000’s of pictures – more of some of you than others – you know who you are 🙂 ) and we got the raw materials for some really great marketing content that you will be proud to use in your BiB marketing efforts.

The team is still working through all the content – editing and creating short, high quality intro videos and touching up headshots – so please be patient and know we are working on them.

Based on feedback and results the LEGACY Lounge and Studio was a resounding success and something we will be looking at bringing to more live events in the future

Here is an example of one of the videos after editing and production:

 

AIDA – Artificial Intelligence Digital Advisor

You have likely heard us talk about her and you may have even seen her in action at recent events.

Here is the news – we are loading her up on each of your LEGACY REIA Personal Marketing Pages (PMP). She is going to allow visitors on your site to interact and get directed to the most relevant and appropriate fulfillment option for them.

AIDA will ask your visitors a few key questions and based on their answers she will notify you of their interest and focus and what you should do next to serve them.

The benefit to you is that you get Leads that are stronger, clearer and with more information about the client so that you can have more powerful conversations. Basically, she is going to have that first pre-qualifying conversation for you.

What you need to know:

When some visits your PMP and leave their contact details you will receive an email (at your @prepareyorlegacy.com email address) with their details and preferred time to contact. It will be up to you to take the next steps and contact the lead as requested.

If they request a portfolio request through your site you will receive a notification through KiSSFLOW that a portfolio review has been submitted naming you as the LREIA.

As we continue to develop and roll out additional marketing automation AIDA will also integrate with the CRM and marketing platforms to drive more and better leads to you the LREIA.

She is going to be your 24 hour, 365 days a year, never sick and never needs a vacation Digital Sales assistant.

Watch as JG demos AIDA at the recent Vancouver ACRE.

LEGACY REIAs who have a Personal Marketing Page up can expect to see AIDA coming online over the next couple of weeks.

If you have any questions please do not hesitate to reach out to support@prepareyourlegacy.com

If you have been working the Marketing Plan as laid out by JG in the marketing training module you are likely beginning to engage prospective clients at a more personal and 1:1 level.

As a LEGACY REIA you have numerous tools available for you to take that prospective client from that first “Elevator Pitch” through to the submission of an “Introduction”.

The path a particular Client might take can vary and the tools you deploy need to match and serve that client’s situation and goals.

To help you navigate those paths and the steps along each of those paths we have released a new training module to support you.

This training module is very comprehensive with training videos from Richard Dolan and Role-play videos from Richard and JG. The resources and tools that your need for each step are included in the lessons and available for your download and use when needed.

Here is how it works:

Go to the Business in a Box Training Modules Section:

Then Click the “Client Path” Module heading in the left-hand navigation:

This will bring up The Client Path Overview Page:

On this page, you will notice there are navigation options on the left for Short, Medium and Long Path. Although there are many combinations and directions you may go with a prospective client we have created three path types that should cover most of the situations you might face when working with someone.

Also on this page is a video designed to help you navigate the overall Training Module.

On this page you will see a window with a flow diagram – we have created a step by step diagram for each of the paths. If you click the “Toggle all views” you will see all three paths in the window. From there you can click any of the steps or boxes and that will launch you to the corresponding Lesson on that step or topic.

You can also click either of the Path Buttons and explore that path as a stand-alone.

Each path has a brief overview video introducing you to that path, what it represents and when you might use it.

This training module contains a lot of content AND will continue to be adjusted based on feedback and as additional training videos come on line – so check back! In the meantime jump in. It may be counter-intuitive but jumping in on the Long Path training may give you the most impact as what you learn there is applicable and used in the Medium and Short paths.

Please feel free to feedback any thoughts or requests – remember you are in this business for yourself not by yourself.

 

 

 

Shout out to LREIA Darcy Marler from CGO JG Francoeur.

Darcy is the first LREIA to post a video to his BiB Personal Page and is actively posting to his blog

Check out what Darcy is doing

 

 

Blockchain technology and artificial intelligence (AI) are reshaping the real estate industry by increasing transparency, efficiency and accuracy while reducing risks and unnecessary costs.

According to a recent article in The Financial Post, “How blockchain and artificial intelligence will reshape real estate”, new technology will change the way real estate operates by making data easily accessible to interested parties. Blockchain aggregates information about a property, from previous owners to structural details, cutting down on wasted time and money by eliminating intermediaries.

Machine learning algorithms also improve predictive analytics by eradicating human error and bias when determining the value of a property. Accuracy is especially important, amplifying the need for high quality algorithms and data that blockchain can provide. According to The Financial Post, AI is a replication of how the human brain operates, so it strongly relies on this data in order to be effective.

As much as blockchain and AI are taking over the real estate industry and real estate professionals need to ensure they are prepared, it is understandable that people still have a lot of questions and uncertainty. Real estate is an industry full of emotions and many wonder how AI could ever truly replace this. How do you feel about blockchain and AI? Are you prepared to embrace it or do you need to learn more before you will be ready to utilize it?

The confluence of wealth management, advisory and technology is transforming the real estate industry. Artificial intelligence, robo-advisory, blockchain technology, cryptocurrency, big data and machine learning are changing the industry landscape as new technologies become available to consumers and alter the value equation in the provision of real estate services.

According to the expert sources cited in the whitepaper The Rise of Real Estate Investment Analytics, commissioned by LEGACY, artificial intelligence began to impact wealth advisory and management in 2008, when the first robo-advisories were founded. Robo-advisories allowed products to be delivered directly to consumers without intermediaries or additional fees. They represent a new wave of financial advice and investment management firms. Futureadvisor.com states that robo-advisories “automate asset allocation and portfolio management, giving mainstream investors access to a service once reserved for high-net-worth individuals.”

Platforms that provide seamless, fast and convenient interaction have replaced traditional ways of doing business and interacting with clients in many industries. People have high expectations, and it is necessary for real estate professionals to keep up with the world of new technology in order to create value for clients.

Artificial intelligence captures big data and analyzes it for insights, which has a tremendous impact on modern business. Predictive analytics looks at past and future trends to figure out what may happen next and what decisions need to be made. It provides precise forward-looking insight, as well as the ability for fast and actionable insight, which allows businesses and professionals to predict the future using algorithms.

LEGACY’S REIAnalytica tool captures big data in real estate and offers investors present and future scenarios to trigger investment decisions. It also uses big data to build and manage portfolios, helping investors decide the best time to exit, and it eliminates siloed content by aggregating big data into one service. LEGACY is constantly looking into the future of real estate and created REIAnalytica as a result of the education and certification of the Real Estate Investment Advisor. It has gotten a head start in the marketplace and has a competitive advantage. Critical information in real time is at the fingertips of the investor, home buyer, realtor and researcher. The application of REIAnalytica is global in potential and with new iterations will always be a product at the forefront of the real estate industry.

To read the full whitepaper, please click here.

REIAnalytica Whitepaper