Brenda Dohring 
February 2011 
 Volume 7 - Newsletter 2  
Streamlining the Business of Commercial Real Estate for Appraisers
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In This Issue
Appraisal Best Practices
DataComp Tip
Is Your Tech Support Current?
MicroSoft Updates
Past Newsletters
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No. 1 Selling Comp

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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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
Additional Services Available
Too busy to create your own Custom TemplatesWe'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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Quick Links
APPRAISAL BEST PRACTICES
by Jeff Hicks, PresidentJeff Hicks
The Dohring Group/realwired!
  

A Mind is a Terrible Thing to Waste 
"A journey of a 1,000 miles begins with a single step".  I don't think Lao-tzu's statement is entirely accurate.  I think the very first step is to prepare your mind.  If you're not mentally prepared for a 1,000 mile journey, taking the first step will likely end with serious leg cramps shortly thereafter.

I believe the strength of your mind achieves 80% of everything you do, both physically and mentally.  If you think you're a great appraiser and should take home $250,000 per year, then I bet you dollars to doughnuts you will make that happen.  Conversely, if you think you can only produce $12,000 a month gross, then you are right.  The only real difference between these two appraisers is their attitude and mindset.

It may be through working effectively, utilizing technology, constantly improving your processes, taking additional education, business development and so on.  Often times it's just plain old working hard and having a passion.

Most appraisers I talk to about significantly improving their appraisal production, workflow and delivery view it as a marathon - out of reach and not a race worth starting.

I run with an "older" military officer (he's 51) and recently I asked him as we were running if he wanted to do eight miles.  He first said "I think I would like to..."  He then caught himself and realized his noncommittal wishy-washy statement and changed it to, "I am definitely going to run the eight miles with you now."  Wow.  What great mental discipline.

So ask yourself.  Have you earnestly started thinking about improving your appraisal production and office systems?  I guarantee your competition is working on it now.  Don't be caught flat-footed.  Yes, it does take time and the solutions are not perfect out of the box. But copying and pasting your reports in 2011 is not workable anymore.
 
As appraisers, we're all super busy and typically feel we only have enough time to work in the business and hardly ever on the business.  It's an important distinction.  So begin today to mentally prepare.  If you're a fee appraiser, visualize doubling your production.  If you own the firm, visualize all your appraisers' production AND report quality improving substantively.  Can you see it?  It's right in front of you.

If you  have an appraisal "best practice" you would like to share, please forward to Jeff.  
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DataComp© Tip
Mapping
Do you use a mapping program such as Delorme or Microsoft Streets and Trips?  If so, DataComp has a mapping functionality that allows you to label your comps within these programs.  The comps can be labeled by street address or latitude/longitude and in addition allows you to choose up to two additional fields to be placed within the label.

 

For instructions and more information, please click here
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Frustrated Businessman
Is Your Tech Support Current?

What better way to start the new year than with confidence that your data management is in safe hands.

 

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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MicroSoft Updates
In order to ensure that your PC is performing to the best of its ability, therefore allowing DataComp to run as smoothly as possible, we recommend performing monthly Microsoft Windows updates.  Making sure that you are up to date guarantees that the PC has the latest critical patches and bug fixes it needs to run at peak performance.  Please click here for more information and instructions on running Windows Update.
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You asked, we delivered...
DataComp now has PDF Functionality!

DataComp, Version 6 is now available with the ability to print attached PDF documents into your comparables. For those of you who currently have Version 6, please click here for instructions.

Contact Adam at 813-349-2700 for more information on this exciting new feature!
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EDGE
Getting Organized with EDGE...
Taking the time to setup an organized folder structure for your EDGE documentation can go a long way towards maximizing your efficiency.  For suggestions, click here.
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Are 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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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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Past Newsletters

If you've missed our prior Newsletters, you can view them here.