Brenda Dohring 
 
March 10, 2010 
 Volume 6 - Newsletter 3 
Streamlining the Business of Commercial Real Estate for Appraisers
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In This Issue
Appraisal Best Practices
DataComp Tip
EDGE Insights
Past Newsletters
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ProductivityCommercial Appraisal Productivity Seminar

Do you know what you make an hour?  Many appraisers just complete the reports on their desk, not setting and obtaining their production potential.


The top appraisers in the country out produce 80% of the "typical" appraisers (by a wide margin) and retain high quality report product.  Find out how.

Join us for our 3-Hour Productivity Seminar and learn the production secrets of the best commercial appraisers.  Time management, office efficiency tips, internal systems, leveraging applications and technology solutions.

Isn't your appraisal career worth it?

For more information, contact Adam@realwired.com.
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Database Software
DataComp Live Demo
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DataComp
Are You Current?
DataComp Version 6 is now available.  Please contact 813.221.0703 or  Sarah for further details.
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DataComp
Additional Services Available
Need more custom fields in DataComp© but don't have the time to set them up?  We now offer service to set up your Custom Tabs for you.  The price varies depending on how many fields you want configured.
 
Don't forget...you can also contact us about setting up your DataComp© Custom Outputs for both Word and Excel.
 
Interested?  Please contact Sarah Razai at 813.221.0703.  She will be happy to help.
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Frustrated Businessman
Tech Support Current?
How confident are you in an in-house appraiser fixing your SQL database?

Unfortunately, computers and servers are not as reliable as we would like, so keep your Tech Support current in case the unfortunate happens.
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Your DataComp Data is Important!  Traditional back up programs may not be saving your data.  Ensure that your data is safe by using the DataComp backup function.  Instructions can be found here.
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YouConnect Product Page 
YouConnect© is a web-based Appraisal and Vendor Management solution enabling institutions to automate and steamline this part of their business, while satisfying federal and state examination and auditing requirements.
 
For more information, please visit our website, call 813.349.2700, or email Sunda.
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EDGE  
 
 
 
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Hour Glass 
Limited Time Only
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EDGE/DataComp
Bundle Pricing!
Save up to 30%
 
Contact Adam or call 813.349.2700.
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 EDGE
Additional Services Availabl
Too busy to create your own Custom Templates?
We're here to help.
 
We now offer services to create your Custom Templates for use with our appraisal writing software, EDGE.
 
Interested?  Please contact Sarah Razai at 813.221.0703.  She will be happy to help.
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For more information on RealWired!© Products and Services, please visit our website, call 813.349.2700, or email Sunda.
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APPRAISAL BEST PRACTICESJeff Hicks
by Jeff Hicks, President
The Dohring Group/realwired
 
We have been gathering best practice tips for over ten years from the best appraisers in the country and now we'd like to share them with you.
Your Compass is More Important than Your Clock
That's something that Master Po might tell his "grasshopper" kung fu student.  If Master Po was talking to a commercial real estate appraiser, he might be referring to your goals.

I am guilty of being a strong tactical businessman rather than strategic.  It is always a struggle for me.  Nonetheless, I recognize that in order to achieve "retirement" zen, both financially and mentally, a gut check on the direction of my appraisal business is important.

That being said, for the strategically impaired, here are a few questions to ask yourself:
  1. How many more years will you appraise?
  2. Do you have a appraisal business successor?
  3. If you don't have a successor on staff would you honestly go find one?
  4. Does your appraisal practice have any real value?
  5. How often do you refer to a business plan?
  6. Do you have a business plan?
Knowing where you are going is more important than constantly being "under the gun" to crank out appraisals (your daily clock).  Yes, you do need to deliver your appraisals on time, but take a step back now and again and see the big picture.  

I never did like that saying about "can't see the forest for the trees", but I think it's descriptive when talking about viewing your appraisal practice from a tactical versus strategic point of view.

If you  have an appraisal "best practice" you would like to share, please forward to Sunda@realwired.com .  If your best practice is selected, your name and company will be showcased.
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Windows 7
Windows LogoAre you currently a Windows 7 user or planning to be?  If so, you will need to upgrade to our latest DataComp
Version 6.
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DataComp©Tip
DataComp and Word Margins

If your comps from DataComp to the Word Profile output do not have the correct page breaks, read this tip.

When printing comparables from DataComp, the margins of the output will be based on the default margins set in Word.  If the output is off or not inserting into the final report format correctly, it may be necessary to adjust the default margins.  Please keep in mind that default settings are saved in the template on which the document is based.  Each new document based on that template automatically uses the new margin settings.

To Adjust Word 2007 Margins

1.  Select Page Layout/Margins and click on Custom Margins

 Page Layout Margins

The Page Setup Box will be displayed.
Page Setup

2.  Make the necessary adjustments under the Margins section and click the Default button at the bottom of the page.  You will be prompted to change the default settings...click Yes.
Default Settings


To Adjust Word 2003 Margins


1.  On the File menu, click Page Setup and then click the
     Margins tab.

2.  Under Margins, select the options you want.

3.  To change the default margins, click Default after you select
     new margin settings.
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Storing PDF's to DataComp - We Asked, You Responded
The response was an overwhelming YES.  So, we are currently in the development process of adding this feature to DataComp and will keep you updated as we get closer to a release date.

Thanks again for your input.
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EDGE   
Insights

EDGE

We get a lot of questions about commercial report writing from appraisers.  Inevitably, it always begins with information organization.  While many appraisers want to jump into the details of how to handle varying property types for the Cost, Sales Comparison and Income Approaches, it is more important to organize your data first.

To that end, we recommend you read Michael Gerber's E-Myth book.  Check it out www.e-myth.comI guarantee it will change the way you view how to organize your in-house appraisal data such as neighborhoods, zoning, traffic count, market surveys etal.  It might also change your fundamental view on how to better operate your appraisal firm.
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