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Johnny Huang's Blog (10)

Distressed Hotels, 2010 a forward thinking look from yours truly.

It's no secret that my operations have moved into the Hotel business again, however, this time it's hotel real estate and operations. I'd like to share with everyone why I've decided to focus on hotels.

I've always had a heart for hospitality. From being in the front lines at McDonald's learning their "fool-proof" system, to mid-size hotel operations and financial accounting, my spot was in Hotels. I also loved real estate. When I was working for a hotel, I managed to study…

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Added by Johnny Huang on April 30, 2010 at 4:00pm — 4 Comments

Certified HAFA Specialist from California Association of Realtors

Special prices applicable till April 30, 2010. CAR members please use promotion code “APCAR005” and non-CAR members please use “APUSA005” on the order form.



HAFA is the first Short Sale program to set nationwide Short Sale standards and financial incentives and it went ‘live’ in the non-GSE market on April 5, 2010. Don’t miss the opportunity to become a Certified… Continue

Added by Johnny Huang on April 26, 2010 at 12:36pm — 8 Comments

The Now moment...or lack of it.

Lately, I'm finding myself (and I'm sure the other folks in this forum) a bit impatient regarding listings and REO's.



When REOPro announced their Realty Pilot, assigning REO's, referral fees, people jumped for joy and wanted it now!



When Excellen announced their survey was going out, I knew everyone would be excited like kids at a candy store waiting for a free hand out. It is wonderful to hear new developing news, but really, it's developing news!



When Res.net… Continue

Added by Johnny Huang on January 30, 2010 at 5:11pm — 4 Comments

Mark to market using Captcha to combat auto accepting software

I just received this in my email...



Dear Vendor,



As many are aware and have brought to our attention, it has become difficult in several areas to accept orders that have been sent out to numerous agents at once. We have received input from several agents regarding the use of auto-accepting/refreshing software to automatically accept orders and have addressed it accordingly.



In an effort to eliminate any unfair advantage produced by utilizing these so called… Continue

Added by Johnny Huang on January 29, 2010 at 3:35pm — 12 Comments

The secret answer to REO listings!

How does one get into the REO business?



Yes, Jesse, our REOPro CEO, has addressed this many times and this question is still asked by many newcomers. I'd like to make my input on how I obtained my REO listings....by doing lots of BPO's!



I posted several blogs on another site and will post them here for sharing purposes.



Title: BPO Stir Crazy blog dated 2/15/08 (yes 2 years ago!!)

" 2 days worth of applying to companies for BPO's!! I now… Continue

Added by Johnny Huang on January 11, 2010 at 9:20pm — 9 Comments

Q&A on Trulia

Did you know that you can participate in Trulia.com and become an expert voice as the local real estate professional?



If you don't know about this, you're missing out on a huge opportunity. It's said that people search for homes on the internet more than anywhere else nowadays. What Trulia (and Zillow) has done is bring a forum to the buyers/sellers and pros to bounce questions and ideas off each other. I've been doing this for the past year, and I'm not at all a power user on… Continue

Added by Johnny Huang on November 4, 2009 at 4:00pm — 5 Comments

So I bought a REOPro Shirt and now I have to blog about it.

When I got the REOPro email that t-shirts were available, I bought 2. Why am I blogging about it? Because I'm an independent broker and don't have my own logo'd shirts like the Prudential's, KW, CW, etc. I can get them, but usually embroiders recommend going bulk production in order to save money on a per shirt price. I just don't want to buy alot of shirts with my own company logo, it was simply too generic.



I think the REOPro shirts will generate more interest with people than my… Continue

Added by Johnny Huang on October 23, 2009 at 4:30pm — 4 Comments

Small Office or Major Corporate Brand to handle REOs?

Before I opened my own office, I was with a big named real estate company. I felt that being part of that corporate structure was something I wanted to experience. I've always been part of the small business world and truly never thought going corporate. However, two years ago I took my chance at a corporate office and here's my experience:



1. The corporate culture taught me lead generation, contract, escrow classes and such, but when you actually get down to the nitty gritty,… Continue

Added by Johnny Huang on September 30, 2009 at 4:00pm — 5 Comments

Bill to require REO sellers to pay for escrow

From the newsletter I received from The California Assocation of Realtors.



"C.A.R. Achieves Compromise in AB 957,



Choice of Escrow Bill



C.A.R. achieved a compromise in AB 957, “Choice of Escrow Bill.” In multiple discussions with the author, C.A.R. worked with Assemblywoman Galgiani to come up with compromise language that will require fair treatment for real estate owned (REO) buyers in the choice of title and escrow providers.



The new language now… Continue

Added by Johnny Huang on May 4, 2009 at 5:40pm — 4 Comments

Banks barred from entering the Real Estate Business

http://www.realtor.org/banks_and_commerce.nsf

Wonderful news! I think we should all think about this...wait, don't think. Get out there are do your business!

Good luck :-)

Added by Johnny Huang on March 13, 2009 at 11:30am — 4 Comments

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