Brenda Dohring 
March 2011 
 Volume 7 - Newsletter 3  
Streamlining the Business of Commercial Real Estate for Appraisers
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In This Issue
Appraisal Best Practices
Tech 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!
  

Invest in Yourself 
"I would rather have you hate me for who I am than love me for someone I'm not." Wise words from a blues song I heard the other day.  What does that have to do with commercial appraising you may ask?  Probably not much.  But stay with me for a second. 

Ask yourself, "What kind of appraiser am I?" Pick one that best describes your appraisal career:  passionate about the business, money motivated but little else, strive to learn new things, enjoy teaching younger appraisers or do you find yourself just going through the motions.  If it's the latter, you are not alone.  Many appraisers, whether they have been appraising for three or 30 years, often find themselves in a malaise, stalled out without much gas.

So what's the problem - are you tired of appraising?  Ask yourself who you think you are.  I don't mean to get existential Friedrich Nietzsche on you, but what image do you project to your other appraisers in your office, other local appraisers in your market or your customers?

Mr. Nietzsche said "The doer alone learneth."  I think he was talking about momentum with a positive attitude.  People that sit back and ponder what they should do, could do, maybe do, don't really get anywhere.  It's the people that try new things who get places.  Often times you do make mistakes.  But then again if you make no decisions you will be like that Chinese saying, "a ship in the harbor is safe but eventually its bottom rots out."

Do a gut check to determine if you, as an appraiser or owner of the firm, have an open attitude for positive change.  Without it, I guarantee you will not be passionate about anything in your career.  Different things motivate different people in the appraisal profession.  For some meeting new clients might be fun.  It might be creating and implementing office systems that are motivating.  For others, focusing on appraisal volume and consistently achieving stated monetary goals can be rewarding.

Resist the easy "we have always done it this way" copy and paste mentality and evaluate better ways of performing your trade.  Challenge yourself to be the best in your market.  Your clients should be singing your praises as the best appraiser, the "go to" person.  Don't just schlep along your appraisal life scratching out a living.  Start moving in a forward direction.  Look for ways to enhance your appraisal professionalism and of course your hourly wage.

Take advantage of various tools (including software, hardware and office systems) to substantively increase your appraisal production volume, report quality and ultimately your job satisfaction.   In addition to our software products DataComp (in-house comp management software), Edge (report writing application built into Word) and Appraisal Manager (web-based appraisal workflow), we now offer consulting to appraisal firms to help them sort through their needs.  Yes, like anything else in life, it does require time and money.  Don't be cheap.   After all, it's your career.

If you  have an appraisal "best practice" you would like to share, please forward to Jeff.  
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Tech Tip 

On a scale of 1 to 10, how freaked out would you be if your server crashed?  How confident are you of your backups?  I am not just talking about DataComp data, but all of your reports, market data, neighborhood descriptions, regional data and so on.

Appraisal firms have a vast amount of data.  If it's gone in a flash, recreating the information would be very painful.

 

We recommend that you confirm that your backups are being successful completed on a consistent and ongoing basis.  We recommend managed services companies, such as Digital Hands, to confirm that your backups are being successfully completed.  Moreover, companies like these can handle all your server or workstation issues remotely.

 

There is nothing worse than trying to restore a backup and find out it never backed up, the data is corrupted, or the hard drive in which the backup was located is toast.  Many appraisal firms don't realize that when it comes to backing up DataComp you need to turn off the SQL service first otherwise you will not get any backup.  Some higher-end backup software knows to turnoff the service to back up properly.  If you manually back up DataComp within the application it will back up correctly. 

 

Also I recommend off-site automated backups such as I-Drive which at $15 per month for 500MB, is cheap.  However, sometimes these services are not without shortcomings such as problems trying to back up large single files such as PST files.  There are other off-site backup providers out there but do your homework.  Other options would include rotating physical external hard drives off-site once a week.  You might want to consider a combination of backups on-site and off-site.  Call us.  We can help.

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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.