Using Skip Tracing as a Real Estate Investor

By Joe Arias

As a real estate investor, especially a wholesale real estate investor, distress or abandoned properties are often the best homes to find under market value. Many of these homes, though, have owners who skipped town and are now just about impossible to find. Luckily, there’s a method for finding these homeowners called skip tracing. You can easily track down someone who has skipped town with no forwarding information through skip tracing as a real estate investor. Skip tracing will allow you to find the homeowner and move forward with a deal to purchase the property you’re after.

Quite a lot goes into skip tracing that you wouldn’t normally expect from real estate investors. You may have to do a little bit of digging to find the homeowner of the property you are looking to buy. Luckily there are tons of tools you can use to find someone who left absolutely zero breadcrumbs. Not only can you utilize search engines, but tons of websites have databases you can look through to find your person.


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What is Skip Tracing?

Essentially, skip tracing is the process of finding someone who has skipped town with little to no warning. They did not tell anyone where they were going and left no information on how to reach them. Despite this person leaving no trail, skip tracing is the process of searching for them or their contact information. To do this, one might hire a professional skip tracer or use their own savvy to try and locate them. There are quite a few tricks you can do on your own to find out where a person has gone even though they have not left any information. Many people utilize Google, social media, the post office, and other assets to find someone. This is considered skip tracing.

What are Skip Tracers?

There are professionals who are often private investigators, and they specialize in helping you find the owners of the properties who are incredibly hard to find. Many real estate investors hire the help of skip tracers to find the owners of properties they are interested in buying. These skip tracers typically start looking for a person by looking through public resources like utility bills, job applications, credit reports, DMV records, public property records, loan applications, background checks, and court records. They also carry out in-depth searches through multiple online databases that contain information not available to the public.

Although skip tracing costs money, it can be a huge benefit to any new or experienced real estate investor. Not many other real estate investors take the time or spend the money to hire skip tracers to find abandoned property owners. So, if there is a property owner who is extremely hard to find, you’re likely going to get to them first and have a better shot at buying the property. With competition for standard properties being high, using the method of skip tracing to beat competitors to vacant properties can be a massive advantage as you look to increase your portfolio and really start growing your wealth.

Why Do Investors Use Skip Tracing for Real Estate

As previously mentioned, abandoned homes can be really great for investors. The two investors who likely have the most interest in these homes are real estate wholesalers and real estate flippers. A wholesaler will offer the homebuyer an agreed-upon amount for the home, then they will find an interested buyer, likely another real estate investor, and connect the two. They will then make a profit based on a percentage of the final sale. While wholesalers are always on the lookout for houses that are under market value, it can be hard to get them against so much competition. When someone disappears and is hard to find, they significantly cut down the competition. Now, all the wholesaler has to do is find the homeowner and convince them to sell, and they have a profitable venture. Similarly, flippers are looking to buy homes like these because they have great potential to be repaired and sold for a large profit margin. Since all of the real estate flippers are after the same homes, finding properties like these can actually be a big break for some investors.

Is Skip Tracing Legal?

If you go through a professional skip tracer, the process is legal. Most states require skip tracers to be employed as independent private investigators who have a license with skip tracing certification options. States also have laws that dictate how you can use the information you got from skip tracing, which your skip tracer should expand upon based on your state. Make sure to only ever use a skip tracer who operates under all rules and regulations.

How to Use Skip Tracing for Real Estate

Skip tracing can actually be a very easy yet effective strategy to find property owners who have properties that are under market value. Essentially, you want to be able to find an alternate address for vacant property owners who are hard to find. From there, you’ll be able to contact them and see if they are willing to make a deal with you. Most people who have abandoned their properties are willing to accept fairly reasonable offers.

The hard part is that these property owners rarely leave details behind of their new address and contact information, so it’s almost impossible to find them once they’ve left. That’s why so many real estate investors either try their own hand in skip tracing or hire a professional.

One trick that many real estate investors try is using the United States Postal Service to get the property owner’s new address. What you do not want to do is walk into the post office and ask for their information. The post office is not obligated to provide you with their forwarding address. They are only allowed to give that information to law enforcement, licensed private investigators, or any other entity under court orders. So how do you get around this? All you have to do is send a letter addressed to the property owner at the address you wish to buy. Mail them a letter and on it, write “Do Not Forward – Return Service Requested.” Now that you wrote this, the post office will not be able to forward your letter to their new address and will have to return it to you. If they set up mail forwarding, you’re in luck! The letter will come back with a sticker on it detailing their new address. If it comes back with no address, that’s when you will have to look into skip tracing to find them.


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What to Try Before Hiring a Skip Tracer

If the post office trick didn’t work, your next step should be to use all of your resources before hiring and paying for a skip tracing service. Depending on what you need from the person, you may be able to do your own version of skip tracing and get what you need. For just an address or phone number, the internet may be your best tool.

Often information about someone can be found through a Google search, social media, or through the county assessor’s database. Many people even have their phone numbers linked to their Facebook profile without even knowing it. If they are the owner of a page or group, go into the info section and see if it has a contact email or phone number. Using social media, you may be able to look through their photos or connections’ photos and find out their new location. From there, do a Google search for their name and location and see if you can get an address or phone number. You may even be able to find them through a people search or a phone directory.

The following are a list of sites you can try to track down the property owner:

  • FindPeopleSearch.com
  • Pipl.com
  • TruePeopleSearch.com
  • PeopleSmart.com
  • PeekYou.com
  • YellowPages.com
  • AnyWho.com
  • TLO
  • Spokeo
  • Accurint

If you call a number and it’s not them, see if they have any connection to the person you’re looking for. You never know; sometimes, a dead end is just a redirection.

Hiring Skip Tracing for Real Estate Investments

Once you have exhausted your search to find the new address or phone number of the property owner on your own, you will have to look into skip tracing services.

Luckily there are plenty of skip tracing services to choose from. Speak with some of your real estate connections and see if anyone has had a good experience with a specific skip tracer. If you are unable to find a referral, do your own research. Read the reviews and make sure they look legitimate. Do not, no matter the price, hire a skip tracer who does not act ethically. It doesn’t matter how great the potential property investment is. It’s not worth breaking the law or involving yourself in sketchy practices.

Generally, skip tracing is not a very expensive service. Using a licensed investigator with skip tracing certification will only cost you around $25 per hour for their services. You could hire an unlicensed skip tracer for around $18 per hour, but it’s not worth the risk over such a small price difference.

What to Do If You Don’t Find the Owner

If you’ve exhausted all of your resources and you cannot find the owner of the property that you want to buy, just put this effort on pause. Move on to other projects and start looking for other properties that you find to be good investments. Add this property and any evidence you found into a spreadsheet where you can keep all skip tracing leads. After a few months, revisit your sheet and do a quick search on a few of the tools provided in this article. While there may not have been any information on the homeowner a few months ago, they may have down something to now appear in a search. Continue to do this every few months until either the property is sold, too run down, or you’ve moved on to different business ventures.

Summary

Skip tracing real estate is not for everyone. If you are a real estate investor looking to get into property management, you likely do not need to waste your time tracking down owners of abandoned homes. On the other hand, if you are someone who is just starting out in real estate, this might be a good thing to try. It could get you a step ahead of your competition, and you may be able to strike a really good deal with the homeowner, as they will likely be motivated to buy. If you are in the business of wholesaling or flipping homes, skip tracing is also something you may want to consider for your business. While it’s a lot more effort than other methods, it has a potentially great payoff if you succeed.


Joe Arias and his partners have flipped hundreds of properties in the Southern California Region. He has developed cutting-edge systems to simplify and scale the entire remodel process that can easily be applied to flipping, rentals, wholesaling, and other passive income strategies. More recently, Joe founded a real estate investing education company called RealSuccess Investments, allowing him to share his tools and systems with hundreds of up-and-coming investors. 

RealSuccess is focused on education on flipping, rentals, passive income, and wholesaling.

Joe is also a best-selling author. He has written 4 books: Finding your RealSuccess, First Steps to Flipping, R stands for Rentals and Retirement, and Wholesaling Real Estate.

“I came from Argentina when I was 20, I am 40 years old now. I didn’t know anyone, I am CERO generation, usually people say, I am first or second generation but I was the one that crossed the border, no language, no friends, no family, no money, nothing, nada… If I can do it, anyone can.”

From a young latino immigrant  to a celebrated real estate investor, Joe is a true testament to hard work and discipline. As an investor, he has made it his mission to help others achieve financial freedom while enjoying living a life of passion, fulfillment, and empowerment.

RealSuccess Website

www.ourrealsuccess.com

Personal Instagram: 

https://www.instagram.com/joeariasinvestor/

Real Estate Investment- Instagram: 

Instagram: https://www.instagram.com/realsuccesseducation/

Video For Finding Money from All Day Training (10 Hour Seminar)

https://vimeo.com/manage/videos/528446162

1 Hour Webinar

https://vimeo.com/manage/videos/530996751

Amazon Book#1:

Amazon Book#2


Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

Do You Need New Recurring Residential Properties?

A Realty411 Special Opportunity – Now you can access the best Property Leads on today’s market!

Dear Investor,

As one of Realty411’s trusted subscribers, you know that exclusive opportunities are the key to staying ahead in the market. That’s why we’re thrilled to present a limited-time offer tailored just for you, in partnership with our long time partner, U.S. Probate Leads!

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I know Leon and his team have dedicated their time and energy to developing tools and systems that are proven to guide you on a successful path to real estate investing.

Don’t miss this opportunity to get potentially life-changing insights from one of the top real estate information providers I know.

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P.S. Whether you’re brand-new to the real estate game or you’ve already invested before… this Program is for you. The leads you’ll receive can help you level up faster and drive more success than you might be able to achieve on your own.

NEW ONLINE LIVE WEBINAR The ABC’s of Flipping Houses with Alton Jones, Rehabs2Riches

Please review our latest news.

Hello Investors,

Are you interested in Flipping Houses? If so, join us for our new online educational webinar.

Learn the ABC’s of Flipping Houses in California with expert real estate investor, Alton Jones, founder of Rehabs2Riches.

Discover the ins and outs of flipping properties in the Golden State. Whether you’re a beginner or a seasoned pro, this VIRTUAL event is packed with valuable tips and strategies to succeed in rehabbing.

Not based in California? Don’t worry, the educators have rehabbed properties throughout the nation! The information shared on this educational webinar can be applied to real estate transactions across the country.

Don’t delay and register for this online event — make the commitment to invest time to expand your knowledge about rehabbing properties.

Get ready to elevate your game and turn Rehabs into Riches!
Don’t miss out on this opportunity to level up your real estate game from the comfort of your own home. Learn how to turn rundown, ugly properties into profitable investments.

Please register and a Zoom link will be sent to you via email.


5th Annual Los Angeles Real Estate GRAND Expo

We are excited to announce our 5th Annual Los Angeles Real Estate GRAND Expo. The GRAND Expo returns on Saturday, October 26, 2024, 9:00 am to 6:00 pm. We’re taking over the entire Iman Cultural Center for the day.

Last year, the GRAND Expo was the largest real estate event in Southern California! We had over 800 investors, 64 vendors, and 12 national speakers. This year will be even LARGER! An entire day celebrating real estate investing and you can be involved. Best of all, the GRAND Expo will be FREE to attend.

In fact, we have sophisticated investors flying in from throughout the nation, and even internationally, for this special day. Our venue is transformed into a creative indoor/outdoor space with plenty of networking areas, food trucks, plus a coffee station.

SPEAKERS. There will be national guest speakers (in three breakout rooms). Here is a partial list of speakers:

1. Jonah Dew – “Learn to Multiply Your Money”
2. Eddie Speed – “Buying Discounted notes”
3. Steve Matley – “Syndication Know How”
4. Joe Arias – “How to Get Started Investing”
5. Christopher Meza – “Developing Raw Land”
6. Tony Watson – “Tax Advantages for R.E. Investors”
7. Lauren Wells – “Passive Income Strategies”
8. Marco Kozlowski – “How to Buy Lots and Lots of Houses”
9. Amanda Brown – “Invest in Commercial Real Estate”
10. Ken Letourneau – “Strategies from a Tax Sales Master”
11. Arturo Olivas – “Learn How to Create More Deals”
12. Steve Matley – “Do More Deals Bringing Partners Together”
13. Tim Emery & Jim Edenfield – “Top Secrets to Out-Of-State Investing”
14. Rick Sharga (Keynote) – Renowned Real Estate Economist

INVESTMENT EDUCATION. Just think of it! An all-day in-depth educational extravaganza celebrating real estate investing. Most importantly, this will NOT be a sales pitch. Each of the speakers have contractually agreed to educate and teach us successful real estate investing strategies. So regardless of whether you are a new investor, already own properties, or are very experienced, our GRAND Expo is for you.

COMPLIMENTARY PRIVATE CONSULTATIONS. As a special unique feature of our Grand Expo, you can sign-up for private half-hour consultations with your favorite guest speakers. Registration will occur Saturday morning, starting promptly at 8:00 am. First come – first serve. So come early and schedule your private consultations. A once-in-a-lifetime opportunity to get advice from national real estate experts.

VENDOR EXPO: Don’t miss our “Vendor Expo,” which will occur throughout the day in the North Hall. We’ll have 70+ vendors where you can “meet and greet” real estate professionals with services and products that you’ll want to utilize in your real estate investing. (If you have a product or service that would be valuable to real estate investors and would like to be a vendor, please contact us directly.)

FOOD TRUCKS. What would a Grand Expo be without food trucks? A day full of workshops, vendors, networking, and real estate investments demands sustenance, and we’ve got you covered. We’ll have 3-4 international food trucks in our central courtyard, plus a coffee wagon.

DATE: Saturday, October 26, 2024, 9:00 am to 6:00 pm.

LOCATION: Iman Cultural Center, 3376 Motor Avenue (between Palms and National), Los Angeles, 90034.

FREE PARKING: Street parking (free and metered). There are also two FREE parking structures just two blocks away. The first structure is at the northeast corner of Motor and Palms. The second structure is at the northeast corner of Motor and National. Valet parking ($15) is also available.

FREE ADMISSION: Admission to our Grand Expo is COMPLIMENTARY, but reservations are required.

PRODUCERS. The Grand Expo is joint presentation of the Los Angeles County Real Estate Investors Association, Sam’s Real Estate Club, Realty411.com, Women’s Real Estate Network (“WREN”), REI Wealth, and Greater LA-REIA.

Since 2007, Realty411.com has assisted top companies expand their visibility and grow their business. Contact us for a complimentary marketing session. Investors, do you have questions about real estate investing? Are you looking for a turnkey rental? Need a solid REI referral?
Book a meeting with a Realty411 team member: CLICK HERE.

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The Power and Profitability of Workforce Housing

By William Moore, AIA
President, Portmanteau Partners, LLC

Workforce is a powerful word and something that companies and entire industries depend upon for their success and survival. Without a happy and highly functioning workforce, businesses would fail, and entire communities would collapse.

Because housing has become exponentially expensive, with no relief on the horizon, employers are increasingly searching for ways to leverage the power of their businesses to create housing at a rate that is attainable to their respective workforces. Increasingly, it’s critical for competitive companies and industry leaders to do all they can to provide their workforces with outstanding working conditions, including, a comfortable and affordable way of life.


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Nothing speaks more to a person’s contentment than having a place to call home. A relaxing and secure place to live is the foundation of anyone’s wellbeing. Companies that are attentive to this need and able and willing to provide conveniently located housing to their workers, will undoubtedly build a more efficient workforce leading to business stability, greater profits and a competitive edge.

Here are some of the important and sometimes mandatory considerations when it comes to designing and building quality workforce housing:

Design

It’s important to have an idea about what specific ‘work force’ the project will be serving. In the case of a corporate client, there is usually very specific information detailing the type of personnel they need to serve, as well as their income levels, familial status, lifestyles and personal needs.

For example, a multi-family project serving ski resort workers may be designed for a predominately twenty to forty-year-old, single-household demographic, whereas an agricultural or manufacturing facility may have more families with children. This demographic also determines the optimal site selection as it relates to recreation, religious centers, day-care, schools and other personal needs and conveniences.

Additionally, the target demographic would determine the unit mix of the project. For example, the family group would require more two and three-bedroom units whereas younger singles would be content with studios and one-bedroom units. The developer and partners also generally plan to hold the project for a longer period of time with operating expenses that may or may not be shouldered by the residents. This sets up a design challenge that is often different that traditional multi-family apartments projects where materials, equipment and energy-use decisions take on a heightened meaning.

Sensitivity and thoughtfulness around the community design is essential for the success of the project, as well. The recommendation is that the communities live on their own, with onsite or nearby amenities, design variation and aesthetic appeal. Commercial identity and branding associated with the company sponsor is eliminated, to avoid any feel of the historical, ‘company town’. The community as an autonomous, desirable ‘place’ supports the real estate value, and longevity of the project.

Municipal and Commercial Participation

The developer has a different primary stakeholder in this equation compared to traditional multi-family projects, providing a unique and incredible financial opportunity. Whether a municipal or industrial ‘partner’, the values of this new stakeholder are complementary to the Developer and are a welcome addition to the project equation. This new stakeholder also has a longer view of the outcome, desiring utility and service for decades, post-completion. A typical speculative project, in contrast, is required to meet a one-dimensional pro-forma with the singular goal of serving the highest-paying resident and doing so as efficiently as possible (i.e. as low as possible up-front cost). Both the developer and the equity investor of the typical spec’ multi-family project are often seeking to retire their position as quickly as possible.


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With the workforce project, often the industrial partner desires to control the project for as long as possible, gaining confidence in the knowledge of the quantity and status of housing it will have available, as the business needs grow.

What is compelling is that the demand side of the equation is also a participant in the financing component. The end user and their long-term goals are part of the industrial partner’s business model. Numerous avenues exist for these municipal and industrial partners to participate, and earn a favorable return on their investment, including:

1. Providing equity or lower-interest mezzanine loans,
2. Bringing some or all of the demand via various avenues, such as

a. Providing a rent credit to the employee for the subject property.
b. Directing employees to the project leasing agent.
c. Providing a rent guaranty to the Developer to assist in achieving favorable financing terms, in turn, lowering costs.

By supporting the financing of the project, employers generate a monetary (cash-on-cash) as well as a long-term growth return on their investment. Industrial and municipal investors gain the following:

1. Control of available housing for their employees.
2. Certainty of the quantity and types (for sale, for-rent) and program i.e.
2-bedroom, 3-bedroom units, etc.
3. Certainty of the cost of housing at present and into the future.
4. Monetary return on the investment through cash-flows and/or at disposition.

Many decisions about workforce housing will depend on site selection, unit mix, rental and sales rates.

As an Investment

The investor who would realize the highest value in workforce housing is a company or municipality that will derive an economic benefit from a happy, stable and secure workforce. The investment will boost the company or municipality value, while simultaneously creating a measurable economic return on the monetary investment over time.

As suggested above, workforce housing is a longer-term investment and generally not designed for an immediate exit, although in certain environments (physical and monetary), it could be possible to sell the asset or position after stabilization.

Additional Considerations

It should be noted that large employers have some leverage with municipalities and can assist in securing things such as development impact fee reductions or offsets, utility connection cost reductions, and assistance with infrastructure engineering and costs.

Developers can operate a single, or multiple employers’ projects in a fund across several markets they may be operating in, creating a larger entity to create even further cost reductions in financing, administration, and execution costs. This format also renders the asset pool to be more stable and flexible as market performance fluctuates over time.

A content workforce is good for any company’s bottom line and few things contribute to this more than providing a happy place to call home.


William Moore, AIA, is President of Portmanteau Partners (www.portmanteaupartners.com), a firm specializing in the design and development of workforce housing. The firm is currently working on the $40 million workforce housing project for meatpacking giant Cargill, Inc. in Fort Morgan, Colorado.

Downtown San Antonio’s Tallest Residential High Rise, 300 Main, Welcomes First Residents and is Now Open for Walk-in Tours

Weston Urban’s 300 Main is one of several projects bringing new energy to the Center City

Submitted by Paul Suter

Downtown San Antonio is achieving new heights with the opening of the city’s tallest residential tower, 300 Main ( https://live300main.com/). At 32-stories, the high-rise was developed by Weston Urban and is a dramatic new addition to the San Antonio skyline with sweeping views of the metro area. The opening of the tower is being celebrated by its first residents who began moving in at the end of August. The property is now also available for tours to people who are interested in seeing the building and learning more about leasing options.

Located at the corner of North Main Avenue and East Travis Street, 300 Main was intentionally designed to reflect the rich history and culture of San Antonio, with a strong focus on local artwork and thoughtfully curated interiors. Some of the outstanding features include a Sky Lounge on the 25th-floor with unobstructed views of San Antonio, custom artistic creations by local artists including Oscar Alvarado and Lionel Sosa, a 7th floor indoor and outdoor amenity space with media and game lounges, a guest suite, and an entertainment kitchen.


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Beyond the outstanding architecture, construction and design, 300 Main will also provide residents with exceptional amenities and services. For example, residents of 300 Main will enjoy 40,000 square feet of amenity spaces that will include coworking lounges with private study pods and conference rooms, where they can work comfortably and remotely in a professional setting. The fitness center, both indoors and outdoors, is fully equipped with Pelotons, Stairmasters, a dedicated yoga room, a BeaverFit Shred Shed, and more.

When they’re not busy at work or focusing on their physical fitness, a 7th floor pool deck with lounging areas, private cabanas, lawn games, and an entertainment kitchen, will provide residents with a great place to relax and socialize.

300 Main is the latest Weston Urban project to contribute to the density and diversity of downtown. The development, leasing and lending real estate firm has helped to create and define the San Antonio skyline through both thoughtful historic redevelopment and strategic ground-up construction. Some of the company’s other downtown projects include Frost Tower, Legacy Park, and the Rand and Milam buildings

“Our mission has always been to help build the city our kids want to call home and 300 Main and the other projects we’re celebrating today are important steps in that effort,” said Randy Smith, co- founder and CEO of Weston Urban. “It’s very exciting to welcome our first residents to 300 Main. Downtown is alive with activity and rich history, but a high-rise living experience in our city’s beautiful core is something our community has waited 300 years for. Now there is an option to live in a beautiful home and be able to walk to work, groceries, great restaurants, wonderful parks, and enjoy a truly vibrant urban lifestyle.”

The general contractor for 300 Main is Rogers-O’Brien Construction with the design provided by Page. Bridge Investment Group and Bank OZK provided financing for the project.

ABOUT WESTON URBAN

Weston Urban began as an effort to attract and retain San Antonio’s new generation of talent. Since its founding in 2012, it has broadened its mission to encompass reviving the city’s center. By collaborating with partners and strategically leveraging resources, Weston Urban works to create downtown spaces where serendipity is possible. Weston Urban focuses on three primary services: Development, Leasing, and Lending. To learn more, visit https://westonurban.com/.


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Project Details
300 Main
• Developer: Weston Urban
• Address: 300 North Main Ave., San Antonio, TX 78205
• 32-story residential tower
• 354-unit Class AA multifamily development
• 327,194 square feet net residential rental area
• Average unit is 924 square feet
• Six-level parking garage with approximately 457 spaces
• 6,275 square feet of retail space
• Contractor: Rogers-O’Brien Construction
• Design: Page
• Financing: Bridge Investment Group and Bank OZK

The Broadleaf Mixed-Use Residential Development Now Open at Fitzsimons Village

Submitted by Paul Suter

Located across Colfax from the Anschutz Medical Campus, the new development will include 370 residential apartments and ground-floor retail anchored by Queen City Collective Coffee

Aurora, CO (September 2024) – The development team of Uplands Real Estate Partners, The Max Collaborative, and Wynne Yasmer Real Estate (the same group behind the development of One River North) is pleased to announce the opening of The Broadleaf, a mixed-use residential development located within Fitzsimons Village, across from the Anschutz Medical Campus. The development includes 370 apartments and more than 9,000 square feet of ground-floor retail space lining the boulevard within the master-planned Village. Queen City Collective Coffee has signed on to operate a café space integrated within the residential lobby. Davis Partnership Architects is the architect for the project and JE Dunn is the general contractor. Kairoi Residential has been chosen to be the property manager.

The Broadleaf marks the second project opening this year for the development team in the greater Denver market. The partnership recently opened the iconic One River North project, a residential high rise in Denver’s River North Arts District (RiNo), which has garnered national attention for its unique architecture with a “canyon” traveling through its facade. Uplands Real Estate Partners and The Max Collaborative were both founded by members of the Ratner family, the founding family of Forest City Realty Trust, which led the transformative redevelopment of Denver’s old Stapleton International Airport. Wynne Yasmer Real Estate is a Denver-based developer whose principals, Brian Wynne and K.C. Yasmer, are both former Forest City executives.

“We’re thrilled to bring a boutique residential building with top-of-market amenities to the professionals who work and study at the Anschutz Medical Campus,” said Josh Hoffman, a principal with Uplands. “The medical campus is home to approximately 25,000 employees and more than 4,000 students, with a total of 55,000 people expected to be working or studying at the campus at full buildout. The Broadleaf will provide residents with a level of quality, design, and amenities not yet offered in proximity to the campus.”

The Broadleaf is located four blocks from the Colfax Light Rail Station, providing future residents with direct access to downtown Denver, Denver International Airport, and the southeast business corridor. The development features a robust amenity package including the only rooftop pool in the area with dramatic views of the mountain range, a state-of-the-art indoor / outdoor fitness center, coworking spaces, a pet spa, bike storage with workshop, a boutique coffee shop, and secure garage parking. A half-acre outdoor courtyard will provide an urban oasis with grills, picnic tables, lounge seating, lush landscaping, and outdoor lawns for yoga and exercise.

At seven stories, The Broadleaf is the tallest residential building in the submarket. It is the only residential building in the submarket constructed from light-gauge steel, providing superior acoustics and less sound between residences. The meticulously designed residences feature best-in-class finishes and offer one-, two- and three-bedroom apartments ranging in size from 500 square feet to 1,600 square feet.


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The Broadleaf will offer second to none lifestyle amenities through vendor partnerships and the Kairoi Art of Neighboring. The community is also focused on a wellness theme.

NEW ONLINE EDUCATION: Rehabs2Riches – The ABC’s of Flipping Houses!

Please review this special invitation to our new webinar.

Are you interested in learning everything there is to know about Flipping Houses? If so, join us for our new educational webinar. Learn the ABC’s of Flipping Houses in California with expert real estate investors. Discover the ins and outs of flipping properties in the Golden State.

Whether you’re a beginner or a seasoned pro, this VIRTUAL event is packed with valuable tips and strategies to succeed in the real estate market.

Get ready to elevate your game and turn rehabs into riches!

Don’t miss out on this opportunity to level up your real estate game from the comfort of your home. On this online educational event, investors will learn how to turn rundown, ugly properties into profitable investments in California.

Not in California? Don’t worry, our educators have rehabbed properties throughout the nation! The information shared on this educational virtual event can be applied to real estate transactions across the country.

Don’t delay and register for this online event and make the commitment to your real estate investment education today. Learn more about our educator, Mr. Alton Jones, by reading his own words below.

Register today and a Zoom link will be sent via email.


About Our Educator – Mr. Alton Jones
(Investor, eXp Realty Agent & Former Police Officer)

About Alton Jones – In His Own Words

“As the owner of Rehabs 2 Riches, I’ve spent my life making connections. Right out of high school, I joined the Los Angeles Police Department and became a police officer. During that time, I had a lot of interesting experiences, and I met a variety of fascinating people. Now, 30 years later, I’m still a reserve officer.

In 1996, I joined Primerica Financial Services and became a licensed life insurance agent, eventually rising to the position of Regional Vice-President. A few years later, things changed. I saw families and good people experiencing tough times due to a bad economy and a terrible real estate market. If things had been a little different, it could have been my family and I in the same situation. I knew I wanted to help somehow, to give back. That’s what motivated me to earn my real estate license and establish West Coast Home Buyers, LLC., purchasing and remodeling homes to make them affordable for local homebuyers.

Working alongside my mentor, the legendary Ron LeGrand, 14 years of real estate experience taught me two things. First, rehabbing homes is a way to help others, giving them a chance to buy beautiful and secure homes. Second, by working hard and working smart, rehabbing can be highly profitable. These lessons led me to develop Rehabs 2 Riches, a series of courses and books designed to teach anyone how to seize financial opportunity for themselves. I hope you can join me on this online educational webinar.”


Since 2007, Realty411.com has assisted top companies expand their visibility and grow their business. Contact us for a complimentary marketing session. Investors, do you have questions about real estate investing? Are you looking for a turnkey rental? Need a solid REI referral?
Book a meeting with a Realty411 team member: CLICK HERE.

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Smart Moves: How One Couple Transformed Their Investment Strategy with a 1031 Exchange

By Ken Palmen

Dana and Dean D., owners of a small office building in the mountains of Colorado, were growing tired of the responsibilities of hands-on property management. Their building, held in an LLC, provided consistent income but required constant oversight. Eager for a change, they sold the property to a local investor, structuring the sale with an owner-carry note, which allowed them to finance the buyer’s purchase while securing passive income. When they included the note in the 1031 exchange, Dana and Dean opted to buy the note out, leveraging the proceeds to diversify their real estate portfolio across multiple assets. This innovative use of a note within a 1031 exchange highlights the complexity of the transaction and the advanced strategies available to savvy investors.


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Dana and Dean seized the opportunity to spread their risk by acquiring a range of properties, each in distinct sectors and regions. Their first replacement property was a partial interest in a multi-tenant flex industrial and mixed-use asset located in Texas. Following this, they purchased an interest in a multi-tenant retail property in Birmingham, Alabama, giving them exposure to a thriving retail market. The third property they added to their portfolio was an interest in a storage unit building, also in Texas, providing them with a steady income stream in a historically stable sector. Finally, they rounded out their acquisitions by investing in a diversified portfolio of healthcare properties spread across the United States. This diversification allowed Dana and Dean to mitigate risk while enjoying the benefits of multiple income streams across various real estate sectors.


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The transaction itself was not without its complexities. Handling the owner-carry note within the 1031 exchange framework required careful planning and precision. Additionally, Dana and Dean’s decision to identify and acquire more than three properties — exceeding the typical identification limit — added an additional layer of intricacy to the exchange process. However, with the guidance of Exchange Resource Group, LLC, they successfully navigated these challenges, emerging with a more diversified, less hands-on real estate portfolio. Their experience is a testament to the flexibility and benefits of 1031 exchanges for investors looking to evolve their real estate strategy while preserving wealth and reducing risk.

For more information, please contact Ken Palmen, CES®

direct: 303.579.5545 || office: 303.789.1031 || fax: 303-496-1031

Exchange Resource Group www.erg1031.com

The Evolution of Customer Service in Banking by Daniel CF Ng

Defining the Customer Experience

ng customer experience

It can be a painful thing to accept when it happens; but at some point, you might find that your relationship is no longer a priority for your Customer Experience provider. They seem to have checked out; and every time you reach out to tell them about your business’ challenges or something you could use their help for, they promise to get on it ASAP, yet never do. When it started, you used to enjoy setting up your call campaigns with your CX provider.

On the federal government’s decades-old legacy system, it used to take congressional staff 58 clicks to respond to a piece of constituent mail. With Indigov’s technology suite built on Zendesk, staffers can now respond in just three clicks, and the response time has dropped from 80 days to less than eight hours. As a result, staff can help more constituents, leading to a more prompt and effective government response. By embracing these techniques, you’ll create happier customers and support agents. Most customers today expect personalization when interacting with a business.

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Good CX is easily recognizable – after a friendly interaction, customers act pleasantly and calmly. At Apple, new ideas have a way of becoming phenomenal products, services and customer experiences very quickly. Bring passion and dedication to your job and there’s no telling what you could accomplish. It’s crucial to choose customer relationship management and contact centre tools that support fast resolutions and stress-free experiences for your customers and your employees.

Digital CX Capabilities

” and “I’d love to understand more about …” can keep the customer in the present moment. Also, remember when speaking to customers to make sure you’re authentic, positive, memorable, and to stay calm and positive, even if the customer is angry. Behind every customer, a service call is a real human who has a question or concern that needs to be answered. Active listening is a key skillset you can develop by practicing daily with your co-workers and family. First, you should approach each conversation to learn something and focus on the speaker.

“While helpful they don’t solve root issues as 62% of workers say employee experiences impacts their ability to serve customers. But only 48% say companies actually make that effort.” Jonas Vernon Ng discussed how KeyBank created an innovative brand called Laurel Road as a fully digital bank and the customer experience lessons it learned during the process. Omnichannel experience strategy lies in adapting your communication to multiple channels. Yet, just recently, more and more companies start to truly understand its importance and incorporate it into their sales strategy. Non-personalized attitude is a 5th main reason for bad customer experience in Hotjar survey. That’s why a crucial part of making the user feel special is to provide them with personalized content.

ng customer experience

If you don’t know how to properly implement a service ticket, you’ll be wasting their valuable time. Before interacting with customers, you should fully understand how to use your live chat and ticketing system and learn to type fast. The ideal customer service experience allows your teams to carry conversations between channels, without the customer having to repeat themselves when they move from one to the next. Other than providing service recovery to our customers, we also think of long-term solutions to prevent issues from happening again in the future by digging deep into the root cause and gaining insights from data. To many people, the role of Customer Experience Specialist triggers the thought of getting yelled at, handling difficult customers, mundane tasks, and being patient – to name a few. Just like any other job, you get good days & bad ones, which often people only see the bad and fail to recognize the good.

If your current provider can’t give you that, the best thing you can do is start looking somewhere else. If you’re feeling like its time for someone new, book a date with our tech team to see how we can discuss a new relationship. From AI conversational bots and CRM integrations to WhatsApp or social media, there might be a lot of different options that you haven’t been able to explore with your current CX provider. If your partnership makes you feel like you’re missing out on all those ways to optimise your customer communications, it might be much more than just “grass is greener” syndrome. It might be a simple and plain sign that things are not working anymore.

Learn the key difference between customer service and customer experience to instantly improve how you serve your customers. The Federal Government must design and deliver services in a manner that people of all abilities can navigate. We must use technology to modernize Government and implement services that are simple to use, accessible, equitable, protective, transparent, and responsive for all people of the United States. This lost time operates as a kind of tax — a “time tax” — and it imposes a serious burden on our people as they interact with the Government. Improving Government services should also make our Government more efficient and effective overall. Qualaroo Editorial Team is a passionate group of UX and feedback management experts dedicated to delivering top-notch content.

Prioritize customer data protection

CX metrics can help you identify the areas where you can improve customer experience and satisfaction. With our comprehensive package of metrics, you are able to quickly gain valuable insights into your customer’s experience throughout their entire customer journey. Although customer service and customer experience are different concepts, they work hand in hand when it comes to building brand loyalty.

It also integrates with HubSpot’s CRM platform, allowing you to manage customer relationships across sales, marketing, and support teams. Nurturing engagement and cultivating relationships help you survive, no matter the size of your business. With customer engagement insights, you can pinpoint weak spots to improve and strategize to turn them into customer service strengths. Whether people decide to buy with you or invest elsewhere largely depends on their experience with your company. A positive customer experience (CX) can keep them from choosing your competitor over you. Only customer satisfaction surveys at the transaction level will give useful information for driving satisfaction within a given channel (customer service, retail, etc.).

In turn, the digital CX suffers, resulting in a lackluster journey that fails to keep buyers coming back for more. While Customer Relationship Management (CRM) and Customer Experience Management (CXM) are related concepts, they differ in Chat GPT their focus and scope. Understanding the distinctions between the two is crucial for businesses seeking to optimize their customer interactions and relationships. Define your customer experience vision, goals, and guiding principles.

But now, setting up your campaigns manually feels like a chore, and your CX provider doesn’t seem to give much thought to how to make things easier for you. Walking away from a situation that’s no longer fulfilling is the first step to finding the provider that’s best for you, that really understands your needs, and that turns your contact centre into the best version of itself. Furthermore, make it a point to include an information-gathering link on your homepage.

Within this high-level distinction, there are even more ways to distinguish CX from customer service. The Customer Experience – Creating the best interactions for your customers often do not address whether the experience you have created is suitable for the particular customer targeted. This occurs because customers with different personality types at different stages of the customer life-cycle are impacted differently by distinct experiences at preferred points of interaction with an organization. With this mismatch, a promotion may yield a disappointing response because customers simply are not getting the message that was intended.

Automated Response Management

Leading a team or department, or making decisions about how to provide excellent customer service in your organisation? Read on for tips on developing your team’s essential customer service skills. The traditional image ‘customer service’ conjures is most likely a customer service representative with a headset, solving problems over the phone. While the call centre is still an integral part of customer service offerings, it’s actually just a small part of the bigger picture. Klook provides a large variety of travel products to our customers, so anything could happen during the trip.

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GetaJobNG provides a full online service for anyone looking for a new job. All rights are reserved, including those for text and data mining, AI training, and similar technologies. For all open access content, the Creative Commons licensing terms apply. To keep up with competition, you need to be visible everywhere and accommodate communication to each of above mentioned channels. You should show customers that you are there for them, wherever they are.

Companies can also look at customer lifetime value in terms of customer segmentation and customer lifetime value per customer segment. Transactional CX metrics measure outcomes of individual customer interactions with a company, while relational CX metrics measure the overall relationship customers have with a company. Virgin Pulse is the world’s largest global well-being solution provider, and it designs technology to cultivate good employee lifestyle habits. The company serves 14 million members with a 15 to 20 percent YoY growth rate, and it knew it needed a partner to help drive continuous process improvements. According to our CX Trends Report, 83 percent of CX leaders say data protection and cybersecurity are top priorities in their customer service strategies. Customer data privacy is a rising trend for this year and beyond, so you must prioritize security to ensure your private data stays private.

That’s not a bad things in itself, as you can clearly still get good ideas from these people, but it’s good to know that they may not reflect your customer base at large. The advent of technology marked a significant turning point in the banking industry, leading to the introduction of ATMs, online banking, and eventually mobile banking applications. These technological advancements revolutionized the way customers interacted with their banks, providing them with greater convenience, accessibility, and control over their finances. Customers could now perform transactions, check balances, and even apply for loans from the comfort of their homes, without the need to visit a physical branch. It can also automate review responses to create quick feedback loops that show customers you’re on top of it — whatever “it” happens to be in their case. Birdeye is a review and reputation management software that analyzes online reviews to spot opportunities for improvement.

It could also mean quickly calling back a customer who left a message on your customer service line. Showing empathy is one of the most important customer service skills businesses must master. This means engaging in active listening and fully understanding your customers and their problems—not seeing them as an annoyance to handle but as the hero of your story. According to the Zendesk Customer Experience Trends Report 2024, 70 percent of CX leaders plan to integrate generative AI into many customer touchpoints within the next two years. Additionally, 3 in 4 customers who have experienced generative AI say the technology will change the way they interact with companies in the near future. “Companies typically focus on individuals such as mental health rather than on the organizations and its culture,” Pickeral said.

With these differences in mind, you can align your customer service with your CX efforts to build and nurture long-lasting relationships with your customers. The D4 Company Analysis is an audit tool that considers the four aspects of strategy, people, technology and processes in the design of a CRM strategy. When I was assigned the Western Union transformation program by Australia Post recently, I wanted to firstly understand the current customer experience and their pain points. Creating the Customer Journey Map took 2 weeks of intense work over and above the usual project management work, but it was super interesting, and well worth it. This article outlined a few ways to use feedback to fuel a better experience, ranging from product improvements all the way to sales and marketing messaging, but of course these aren’t the only smart ways to use feedback.

You can foun additiona information about ai customer service and artificial intelligence and NLP. CX may look like a subjective concept that is complicated to measure, yet it relies on numbers, just as anything else. Here are the most common metrics on how to find out what is an overall impression of your customers. It took years of practice and he was even a backup quarterback before he earned the starting position.

Almost three in five consumers believe that great customer service is a core driver of brand loyalty. Customer service is the practice of providing help and support to both new and existing customers. My role mainly revolves around reviews, escalation, consumer council, and critical cases related to our team’s daily work. Additionally, one of our main tasks is analyzing data and providing requested reports based on stakeholders’ requirements in terms of review, compensation, etc. Based on our team’s data, we identify areas required to be improved to prevent receiving critical cases which may affect the company’s reputation based on urgency. As a team leader, one of the best lessons I have learned is the importance of active listening and communication.

Delivering great customer service along with seamless customer experiences might seem like a Herculean task, but don’t stress—there are tools, such as our customer experience software, to help you oversee both your service and CX. Zendesk helps you provide customer support quickly across various channels and personalize every step of the customer journey. Most organizations fail to factor in the customer experience when adding enhancements to their customer interactions.

In general, some 65% of sales tend to come from existing customers, which makes an obvious case for ensuring that those customers continue to choose you over your competitors. Salesforce, for example, found that 80% of customers believe that the overall customer experience is as important as products or services. The digital customer experience needs to be holistic, multifaceted, and diverse.

In addition to collecting data via simple digital forms, you can use an advanced platform like Adobe Experience Platform Launch to manage and track your tags. The Launch platform streamlines tag tracking and management via its robust open architecture and extensive library of APIs. You can integrate it with your existing technology suite, complement it with other Adobe products, implement tags throughout your site, and gain rich insights about user behavior and traffic. Modern consumers want the freedom to interact with brands across a variety of touchpoints, including on social media, on the company website, and, often, in-store. Good customer support and training resources are crucial for getting the most out of the software.

The brick-and-mortar-first approach is the opposite of the digital CX. Consider not just the initial cost but also long-term expenses like maintenance and upgrades. Contact us at the Consulting WP office nearest to you or submit a business inquiry online. By purchasing or using our products you are agreeing to our Terms & Conditions and Privacy Policy. Farm-ng empowers the agricultural community with affordable, adaptable robotics and AI solutions so they can adopt more productive, profitable, and sustainable farming practices.

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Customer service agents need empathy and a good customer service voice to collaborate with customers and find quality solutions to their problems. Empathy is becoming even more important in the age of AI customer service. If your organization embraces this technology, use tools trained on real customer interactions and prioritize human needs, like Zendesk AI.

We promote innovation and new technology to further improve Apple’s hardware performance and user experience. The people who work here have reinvented and defined entire industries with the Mac, iPhone, iPad, Apple TV, Apple Vision … Brands well-known for excellent customer service develop a reputation that’s hard to ignore. There’s an oft-repeated stat in business circles that it costs a lot less to keep existing customers than it does to attract new ones.

This is the result of careful, deliberate design based on data that directed attention to specific troublesome moments. Customer data is so readily available to brands and businesses now, but not everyone knows its potential. Fewer know how to separate what’s useful (the signals) from what’s not (the noise). And rare are the ones who know how to use it effectively to generate invaluable insights for growth. We’re thrilled to invite you to an exclusive software demo where we’ll showcase our product and how it can transform your customer care.

  • “They wanted to create a holistic financial offering for people in that bracket. Teaching people financial literacy how to make more money and save money,” Murray said.
  • Conduct research to understand your customers’ perspectives, pain points, and expectations throughout their journey with your brand.
  • Empathy is the ability to understand how the customer is feeling and where they’re coming from.
  • Customer service representatives are the front-line of any business, so it’s critical to support them with the best possible training.
  • If you’re familiar with marketing and conversion rate optimization, you know there’s a whole class of quantitative behavioral data that can help you understand problems with your product, sales, support, or marketing operations.

Test out everything you learn in our academy right inside of LiveAgent. What matters most to all generations surveyed holds true for Gen Z, too. Convenience—the seamless transition from tablet to smartphone to desktop to human—is a baseline expectation.

On the contrary, 1 in 3 consumers have a tendency to leave a brand after bad interaction. Any customer service representative empowered with this information is better prepared to deliver exceptional service, and with the right contact centre technology, you can go even further. Inevitably, customer service teams and https://chat.openai.com/ contact centre agents will come across customer questions and problems they can’t solve on their own. Be prepared for this eventuality by formulating and communicating an escalation plan for each person’s role, so that everyone knows who they should reach out to with a customer question that goes beyond their remit.

Look for a platform that offers complete integration with your other business systems and provides real-time data from across your business, so that your staff has the details they need at their fingertips. It’s all part of developing an agile workforce that can flex and change according to need – and for better customer service experiences. CEM holds great importance in terms of research and showing that academia is not as applicable and usable as the practice behind it.

By prioritizing customer-centric strategies, personalization, and data-driven insights, businesses can create meaningful and enduring connections with their customers, driving mutual growth and success. Our objective is to align best-in-class, dynamic and innovative customer experience through talent, technology and processes that support and drive customer engagement in an environment of trust. Customer feedback is important, not only to customer support and product, but to marketing, sales, and executive leadership as well. Not a single organizational department is exempt from the value of well-collected feedback. Outside of insight for iterative customer experience changes, some forms of customer feedback such as Customer Effort Score and Net Promoter Score have been shown to correlate with customer loyalty. Most industries can benefit significantly from CX software solutions, especially ones with a strong focus on customer interactions and loyalty.

How important is good customer service?

In this fast-paced, volatile world, you need to disrupt or risk being disrupted. For effective data-driven design, it is critical to use a mix of both quantitative and qualitative data. Take, for example, a well-known e-commerce giant that utilised both types of data to increase their annual revenue by $300 million.

CRM aims to manage customer relationships to drive sales, while CX software focuses on understanding and improving the overall customer experience. Qualtrics XM is an experience management (XM) software that helps businesses grow with robust survey and feedback tools. More specifically, it offers XM solutions to create a unified customer experience, build personalized learning, and gather qualitative and quantitative insights. You should consider that the primary drivers of NPS are products, services, offers (pricing & packages), convergence, showroom (online or physical), branding and advertising, and an organisation’s social media reputation. On the other hand, secondary drivers of NPS, including contact centres, self-service, billing, repair and support, tend to have a stronger negative impact on customer experience. Empathy plays a crucial role in building customer relationships and de-escalating tense situations.

Indigov’s federal customers require the Federal Risk and Authorization Management Program (FedRAMP), a United States government-wide compliance program prioritizing the security and protection of federal information. Zendesk helps the company fully comply with these regulations while improving the customer experience. Exceeding customer expectations means keeping pace with customers and providing quick service and speedy first reply times (FRT). That might entail creating an automated response notifying the customer you received their query and are working on their problem.

2023 West Africa Banking Industry Customer Experience Survey – KPMG Newsroom

2023 West Africa Banking Industry Customer Experience Survey.

Posted: Fri, 29 Dec 2023 06:48:31 GMT [source]

Our agents need to think fast and smart to assist our customers when they encounter unpredictable situations. I help guide them in resolving issues promptly, accurately, courteously, and with utmost confidentiality. The most important goal of any business is to attract the right type of

customers and to grow the income that you earn from your customers. This is the most sustainable way of ensuring that your business succeeds

and thrives. This only happens when you create and sustain a culture of

service excellence in your organization and requires you to be deliberate

about meeting and exceeding the expectations of customers. With the right Customer Experience provider, your conversations will be smoother, more seamless, and more effective.

  • Implement mechanisms to continuously gather customer feedback and insights through surveys, social media monitoring, customer support interactions, and other channels.
  • Additionally, Virgin prioritized improving its self-help resources and external FAQs.
  • Online businesses have come a long way from the traditional brick-and-mortar retailer.

Judy also has experience as a Creative Director in companies like Critical Mass, Digitas UK, and Extractable, where they led creative teams and directed design projects. Prior to that, they worked as a Senior Interactive Designer in companies like Grey San Francisco, Signal to Noise, and Agency.com. Judy began their career as a Digital Production Artist in Grey West and as a Designer in Williams Sonoma. Implementing a unified solution and connecting all of your offline and online touchpoints is by far the hardest part of adopting an omnichannel model. That’s why many brands elect to partner with third-party consulting and technology implementation firms to support their efforts in digitizing their customer experience.

In the early days of Airbnb, CEO Brian Chesky and his team took data from analytics and customer support to create a shared, rallying vision of the ideal Airbnb customer experience. They crafted stories that were pivotal in guiding marketing, advertising, and customer service decisions at Airbnb as well as keeping everyone working on the same page. According to Das[53] (2007), customer relationship management (CRM) is the “establishment, development, maintenance and optimization of long-term mutually valuable relationships between consumers and organizations”. ng customer experience The official definition of CRM by the Customer Relationship Management Research Center is “a strategy used to learn more about the customers’ needs and behaviours in order to develop stronger relationships with them”. The purpose of this strategy is to change the approach to customers and improve the experience for the consumer by making the supplier more aware of their buying habits and frequencies. A combination of relational and transactional metrics can be used to acquire feedback from customers throughout their entire customer journey.

Once you know what they like and don’t like, you can keep successful products and services and replace or revamp less popular offerings. Even if an organization uses digital resources to advertise and market its products, the online shopping aspect of the sales model is treated like an afterthought. Digital customer experiences are rudimentary, bland, and one-size-fits-all as opposed to focused and audience-specific. In the e-commerce era, some brands have focused all of their resources on digitizing customer experiences, often at the expense of in-person shopping opportunities.

A visit to your company’s website, a conversation with a customer service agent or a sales rep, and an ad for your product popping up on Instagram are all parts of the customer experience. You’re at your desk when you overhear two fellow support agents debating the difference between customer service and customer experience. They ask you for your take, and your palms turn sweaty—you have no idea how they’re different. Effective customer feedback collection is a vital component of any successful business strategy, enabling organizations to better understand their customers and tailor their offerings accordingly. Effective brand loyalty programs is essential for businesses seeking to establish a strong brand presence and foster customer loyalty.

As technology continued to evolve, artificial intelligence emerged as a game-changer in the realm of customer service. AI-powered chatbots and virtual assistants revolutionized the way banks engaged with customers, offering instant support and personalized recommendations round the clock. These AI solutions were designed to understand customer queries, provide relevant information, and assist in resolving issues efficiently.

Our research is geared towards this journey; we’ve asked C-level executives about the five core categories our experts identified as key to a successful customer service operation. The Customer Effort Score (CES) takes a different angle compared to the previous measurement tools. The customers are asked how much effort they had to put into a specific interaction with the company, so it is purely transactional. It is commonly employed as often as a follow-up to customer service experiences and used to enhance customer service response time and offer better quality services. CES is measured on a 5-point scale or through a simple disagreement/agreement rating question. At Apple, new ideas have a way of becoming extraordinary products, services, and customer experiences very quickly.

Social media platforms aren’t just a tool for raising brand awareness and driving traffic to your store. You can also be used to publish organic and paid content and gauge how consumers interact with your posts to better understand their sensibilities, preferences, likes, and dislikes. As your business grows, your software should be able to grow with you. Scalability ensures you won’t outgrow the software, avoiding the need for a costly switch later. If you would love to collaborate and create something awesome together, feel free to drop me a note.

By combining the power of technology with a human touch, banks can create differentiated experiences that resonate with customers and drive long-term loyalty. As we embrace the era of branchless banking, the key to success lies in leveraging technology to humanize interactions, anticipate customer needs, and deliver value-added services that truly make a difference in customers’ lives. Delivering great customer service is hard—you need to balance agent performance, consumer interactions, and the demands of your business. By blending AI with your customer service—also known as an intelligent customer experience (ICX)—you can drastically enhance your CX. For example, AI agents (otherwise known as chatbots) deliver immediate, 24/7 responses to customers. When a human support rep is needed, bots can arm the agent with key customer insights to resolve requests more efficiently.

Foster a customer-centric culture by emphasizing the importance of CX and providing ongoing training and support. For farms that want to make their operations more autonomous and prosperous, the Amiga is a modular electric robot powered by AI that’s adaptable for multiple environments, tasks, and crops. We made our platform accessible to farms of any size so they can realize unprecedented productivity and future-proof their business. The Amiga Developer Unit is a bundle of the Amiga robot, its I/Os, and an AI computer we call the Brain.

Nextiva offers a wide range of pricing options depending on your desired features and your preferred payment terms. To measure the customer churn rate, you would need to calculate the number of customers that have left your business over a given period of time divided by the total number of customers at the start of that period. According to Zendesk benchmark data, AI-driven insights and recommendations can accelerate customer resolutions by 300 percent. Customers want to connect with you on the same channels they use daily.

Using questions like this you can accomplish goals as different as learning your customers’ Jobs to Be Done, hearing complaints and frustrations, and crowdsourcing desire for new features. Stepping back, though, the actual support experience itself can serve as customer feedback, too. Imagine a scenario where a customer receives a notification on their mobile banking app about a personalized loan offer tailored to their financial goals and credit history. The AI algorithm identifies the customer’s borrowing needs, analyzes their repayment capacity, and recommends a loan package that best suits their requirements. The customer can then apply for the loan with just a few taps on their smartphone, eliminating the need for lengthy paperwork and approval processes. With intelligent CX tools, you can also automate responses to customer inquiries, allowing your team members to focus on resolving more complex issues.

DEEP DIVE: Flipping and Holding Condos/Townhouses – Half-Day Training

When: September 28, 2024 @ 10:00 am – 2:00 pm
Where: ONLINE
Cost: Free
Contact:
Realty411.com
8056931497
Email
Event website

THIS IS A DEEP DIVE SESSION — The online educational event is half a day and will go over everything you need to know to be a successful condo investor.

This training is free, we urge you to attend, even for a bit if you can to gain the knowledge and insight you’ll need to make money rehabbing and selling or holding real estate.

Wouldn’t you want to make those big profits from rehabbing, but don’t know anything about construction? Do you like the idea of passive income, but don’t like shoveling sidewalks and mowing lawns?

If so, be sure to join our next LIVE webinar this upcoming Saturday, September 28th, and learn why this is the best time to buy condos in today’s hot market!

Webinar: Condos — Your Way To Financial Freedom

Tired of being priced out of the market? So were we, until we began to invest in condos/townhouses and PUDs (planned unit developments). The entry point was so much easier that we are able to pay cash on many deals.

This real estate niche has truly worked for us and that’s why we’re so passionate about sharing information about these type of deals. In fact, we sought out the best Condo educator we could find to teach this lucrative niche to our readers and network members.

Our educator for this important webinar is Linda Baumgarten. She is the co-founder of CTREIA, the largest real estate association in New England, the author of two books, and one of the most experienced condo investors we know.

By accident, Linda’s first rehab (buy/hold) property was a condo. She rehabbed it in a couple of weeks, rented it for monthly positive cash flow, and then doubled her purchase price only 18 months later!

Since then, she has purchased condominiums in multiple geographic markets from low end to luxury units. More importantly, her students have found massive success buying condos with little to no experience.

Be sure to invest time in your REI education by attending this complimentary live webinar this coming Saturday, September 28th,10 AM Pacific Time / 1 PM Eastern Time.

Investors will learn:

  • How to buy a condo with little or none of your own money
  • Which condos NOT to buy
  • Case studies of a Rehab and a Buy/Hold Condo Deal that you can replicate
  • Multiple exit strategies: wholesale, rehab or buy/hold and even AirBNB
  • How to analyze a deal in 15 minutes or less

Please note this special webinar will not be recorded in its entirety. We want investors to be fully engaged in their education so be sure to join us live!

Once again, leading this online session is Linda Baumgarten, co-founder of CTREIA, the largest real estate association in New England. We hope you can join us this Saturday for a fantastic educational live webinar.

RSVP TODAY:
https://www.eventbrite.com/e/1025305174377?aff=oddtdtcreator

Meeting ID: 881 9488 3346
Passcode: 652810