Lessons from Losing $1.3M: Prospect Smarter with AI and Compliance First cover art

Lessons from Losing $1.3M: Prospect Smarter with AI and Compliance First

Lessons from Losing $1.3M: Prospect Smarter with AI and Compliance First

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 In this episode of Commercial Connections, host René Nelson, a Commercial Real Estate Broker in Eugene, Oregon, chats with David Monroe, a multifamily investor consultant and CCIM instructor. David shares his journey from a helicopter mechanic to a real estate investor and the development of his AI-powered software designed for commercial brokers. The discussion covers federal regulations, the impact of AI on the real estate industry, and tools like the CRE prospecting script generator and document analyzer within the AI software. David also shares a cautionary tale about the potential pitfalls of texting property sellers and the advantages of leveraging sophisticated AI tools for market analysis and deal underwriting. Listeners will gain insights into reshaping their approach to real estate investments using advanced technology.EPISODE THEMES 📝00:00 The Million Dollar Mistake00:24 Introduction to Commercial Connections Investing01:09 Meet David Monroe: From Helicopter Mechanic to AI Innovator03:10 Strategic Partnering and Building Wealth in Real Estate04:10 The AI Revolution in Real Estate06:40 Focusing on the 98%: Building Relationships in Multifamily08:47 AI Tools for Commercial Brokers14:53 The Evolution of AI and Its Impact on Real Estate17:32 Acquisition Pro: Features and Benefits22:48 Ownership and Content Control23:12 Automation Tools and Support24:08 Consultation and Success Stories24:48 Email Marketing Pitfalls27:48 AI and Proprietary Information31:20 Text Messaging Regulations38:50 Acquisition Pro and Masterclasses40:33 Introducing CRE Brokerage Pro43:54 Conclusion and Contact Information⁠⁠STAY AHEAD IN CRE 💌📬 Stay Sharp in Commercial Real EstateWant smarter insights, market trends, and strategies delivered straight to your inbox?Join the Commercial Connections Newsletter — a quick, actionable read for brokers, investors, and CRE professionals.👉Subscribe Now: https://pacwest.kit.com/f88edb7056FREE GIVEAWAYS 💰➡️ Due Diligence Giveaway:https://docs.google.com/document/d/1WVvYPiwASy76exh2tludjyeZ9Sfuvpl4QqD20V_HHRw/edit?usp=drive_link➡️ Free Pro Forma Template: https://drive.google.com/file/d/12x1eUtdEUySKsrbQ0ELpCw3X79TPFh3Z/view?usp=sharingCONNECT WITH DAVID MONROE 🔗LinkedIn: https://www.linkedin.com/in/davidmonroe45/ Company: davidmonroeccim.comYoutube: youtube.com/@strategicconsultant Facebook: https://www.facebook.com/groups/brokeragetoconsultingEmail: david@davidmonroeccim.com CONNECT WITH RENÉ NELSON 🎙️Website⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.eugene-commercial.com/Youtube: https://www.youtube.com/@renenelsonccim1031/videosLinkedIn: https://www.linkedin.com/in/renenelsonpacwestcommercialrealestate/Instagram: https://www.instagram.com/renenelsonrealestateApple: https://podcasts.apple.com/us/podcast/commercial-connections-investing-with-confidence/id1828000587Spotify: https://open.spotify.com/show/27QhtoMTeooaEHJgu91VfGFacebook: https://www.facebook.com/profile.php?id=61574316732608 Book a 15 min Complimentary Discovery Call with René: https://calendly.com/renenelsonccim/15min
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