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Hi,

 

Has anyone purchased the RES.net AMP and seen an increase in business?

 

Tamara Joi Henry, RDCPro

Sea Coast Exclusive Properties

760-696-0533

LIC 01823686

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I would like to know the answer to this also. I can't decide if I should upgrade or not.
Just got it, too soon to tell. It also comes with something called "home on the tube" where you can download video of all your listings. Not sure about that, it is challenging enough to get a few decent photos on REO where the property shows it's best features, and not flaws. Their "searchable database" isn't public, so I'm not sure what will happen, I will keep you posted.
Met a rep at an NRBA workshop last week. The program looks promising and makes life easier for the asset mgrs which means they will be looking for it. I have not decided, yet, whether I want it now or later. I have to budget.
I have and like the Res.Net AMP system. However, I received more listings/business when I was a basic member, but I think that is just a matter of timing at this time. IE less foreclosures presently in my area, etc. I think the asset managers I have relationships with care more about my expertise than my AMP status. The AMP features I like are that I can re-visit old tasks which one can't do in the basic system. Record keeping is more detailed in the AMP system than the basic system. What I don't like is searching for properties. In the basic system I could search for other listings and make a direct offer for my buyer, in which res.net then notifies the listing agent of the offer/contract. With AMP I have to sign up separately in the buyer search section and thus I find I am searching less for other properties for my buyers. I think res.net is a super system, but upgrading to AMP didn't seem to make any difference in obtaining more business. I upgraded because I want all the tools possible to be as timely and professional for my AM's. Another reason REO Pro is great to be a member of. I was told AM's look at the AMP status (by a res.net salesperson) but I think the AM looks more at your track record, timeliness, expertise within the zip code they need.
I know there are a few AMs who are looking into RES.NET AMP and whether it provides a better quality of REO agent to work with. One of the major problems that many AMs face is agents who don't take the time to learn the systems (res.net, IClear, etc) and are bombarded with questions related to those systems that the AM is not able to answer but takes too much of their time. Just to note an example there was an agent who was having a hard time uploading expenses in res.net and kept emailing the AM about it. The AM finally agreed to upload the expenses to get the agent of his back. When the agent emailed him the invoices they were in Word format instead of PDF. If RES.NET AMP can help solve those type of problems it will most likely be something AMs will look for when assigning assets.
I am in the same situation, my RESNET expires next month and I am wondering if I should spend the extra money for AMP. The only reason I would do it is to get more REO Listings, I do not need an additional software program.
I got it and it helps to get you organized if you don't have another REO system in place. Eventually, lots of their clients will get access to your profile and obtain business from your list of zip codes and more.
I thought their clients already had access to the agents list on res.net and searched by zip code etc....but you say "eventually..... ....
Yes, basic RES.NET only allows you to enter 100 zip codes with AMP you get more exposure when you input your resume, references etc. The basic version is very limited I have been there for three years and no business whatsoever, but AMP will help me in my business to keep track of my transactions.
I use Invoice Management for submitting my expenses and some of my AM's who use res.net want me to submit expenses using IM.
I moved to AMP just after 5 Star last year. No increase in business. I do know that Titanium is giving priority to agents on AMP with their REO listings when they get ramped up.
Against my better judgment I paid the extra for the AMP a couple of weeks ago but so far I have not received anything - I have been with res.net for over a year and have not gotten a thing - will see if this helps!

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