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Nick Miller's Blog (30)

The Power of a Brand.

What is the importance of building a brand?

Brand Equity is the difference between what a branded item can charge over what an unbranded item can charge.

A product can be manufactured. A Brand is what the customer buys.

A product can be duplicated. A Brand is unique.

Think of it this way, when a person buys a brand, they aren't buying the product (which can be duplicated) they are buying the guarantee of…

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Added by Nick Miller on November 14, 2010 at 6:22pm — No Comments

Own Your Own Real Estate Business

No I am not trying to sell you a Real Estate Franchise or existing business. What I am selling is a mind set - a paradigm shift.

How many times, when people ask you what you do for a living, you respond with "I sell Real Estate"? Really, is that all you do?

What about the response, "I run a real estate business?" Could this be more accurate?

Think about it; when…

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Added by Nick Miller on November 10, 2010 at 8:00pm — No Comments

Using the "Compound Efect" to Change and Improve Your Life.

This blog post isn't directly related to the REO business, but it is related to better business and life practices to increase your productivity and inhance your business and life - which is related to the REO business.

I am a hugh fan of Darren Hardy, publisher of Success Magazine and…

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Added by Nick Miller on August 6, 2010 at 10:27am — No Comments

NSP Funds

Anyone else seeing an increase in activity due to NSP funds? We have a couple of non-profits using NSP funds to purchase low income properties. These non-profits are getting unlimited funds from the state government and are making full price offers on some pretty bad properties. Not a bad deal for the seller. The down side is that they are putting a lot of investors, you know, the guys that have been buying all of these blighted homes and the ones that will be buying them when the NSP funds…

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Added by Nick Miller on June 11, 2010 at 10:28pm — 2 Comments

The Bad

This is the second part of a 3 part series called "The Good, The Bad, and The Unexplainable."



The Bad - An REO Agents Worst Nightmare.



The South was recently plagued with extremely COLD WEATHER. At night temperatures reached as low as 8 degrees. This may be considered a warm winter to some of our REO brothers and sisters in the North but to us Southerners, it felt like we were in the Arctic Circle.



I received a new property around the first of December. The home… Continue

Added by Nick Miller on January 24, 2010 at 2:27pm — 4 Comments

The Good

This is the first part of a three part series I will call, "The Good, The Bad, and The Unexplainable."



We will start with the Good - Why I Love This Job.



As REO Agents we are often the first person to inform an unsuspecting tenant that the home they are living in has been foreclosed on. This can be a difficult, and sometimes heartbreaking task (but that's why we make the big bucks, right?). We do it so often that we can become jaded to the situation. I admit that I am… Continue

Added by Nick Miller on January 10, 2010 at 5:03pm — 1 Comment

"One of These Days"

2009 Invoice Spreadsheet.xlsx



How many times in your life have you said "one of these days"? One of these days I am going to save some money. One of these days I am going to lose weight, travel Europe, start a blog. The reality is is that it will never happen.....UNLESS you actually do it.



My "one of these days" was getting organized. I kept saying it as if by doing so, magically one… Continue

Added by Nick Miller on September 28, 2009 at 10:22am — 3 Comments

Do Unto Others.

I am sure you know the Golden Rule: Do unto others as you would have them do unto you. I believe that all mom's teach their children this in hopes that it will keep them out of trouble, and that just maybe they will treat others fairly.



Not only is this a good Biblical rule to follow because it teaches you how to treat others (unless you like being treated like crap), but most often we are rewarded with reciprocity.



Reciprocity Principal: The tendency for people to treat… Continue

Added by Nick Miller on July 17, 2009 at 3:24pm — No Comments

What is your BATNA?

If you have ever read the book Getting To Yes by Roger Fisher and William Ury, or a number of other books on negotiations, you would know that BATNA stands for Best Alternative to a Negotiated Agreement. Developing your BATNA, or knowing your BATNA, before going into negotiations will greatly increase you chance of achieving favorable terms in a negotiation. So, what is your BATNA?



Whether you know it or not you have a BATNA. Your BATNA may not be that attractive. It could be as… Continue

Added by Nick Miller on March 30, 2009 at 4:39pm — 1 Comment

Are Virtual Tour Sevices Worth What You Pay For Them?

Are virtual tour services worth what you pay for them? Answer: Yes. Especially if you use the same virtual tour service I use because it is FREE. What service do I use, YouTube.



That's right. I use YouTube to post virtual tours of my property listings. It's free and it is easy. No expensive service required. I take my camera, film as I walk through the house (I typically do a video of the front and then one walking through the house), upload to my computer and then upload to YouTube.… Continue

Added by Nick Miller on March 14, 2009 at 11:06am — 1 Comment

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