Jill Friday – The People Side of Real Estate Investment (LA 1478)

Jill Friday - The People Side of Real Estate Investment (LA 1478) Transcript: Steven Butala: Steve and Jill here. Jill DeWit: Happy Friday. Steven Butala: Welcome to the LandAcademy show, entertaining real estate investment talk. I'm Steven Jack Butala. Jill DeWit: And I'm Jill Dewitt broadcasting from sunny Scottsdale, Arizona Steven Butala: Today. Jill and I talk about... Well, it's Jill Friday, and she's going to talk about the people side of real estate investment. Jill DeWit: What's this thing on my head? Steven Butala: Before we get into it and talk about the thing on Jill's head, let's take a question posted by one of our members on the landinvestors.com online community. It's free. And if you're already with us, check us out on Discord. Jill DeWit: Dave wrote, all right, so I have a question and a comment, it looks like. Dave wrote, "Anyone downloading Redfin data for their red, yellow, green test and finding days on market data to be arbitrarily and incorrectly set to 19 or 22 days on market for 80 to 90% of properties in a county. Not sure what's up with this, as I've tried several counties now, and I'm finding this for the listed data. When I go into an individual listing, they're showing the correct date of the listing, which is often sometimes last year, but in the data I downloaded, it's showing 22 days on market. Anyone else have this happen? At first, I thought it was just a bad county, but a few of them have been like this." Jill DeWit: So Chuck replied and said, "Regarding days on market and Redfin-" Steven Butala: This is days later. Jill DeWit: Okay. "I have confirmed that the data shown on the Redfin data download is incorrect as posted here previously. It is days since the property sold, not days on the market to sell. I called Redfin and they confirmed this and say that they're aware of the problem and it's being worked on." Got it. Steven Butala: Boy. This question could not be more inappropriate for the show title. There's nothing people business about this. It's all the tech side, the data side on mine. Jill DeWit: Well, I guess it's people, because Chuck is helping him. Chuck's like, "Don't worry about it. I called Redfin and I can help to save you some stress. They know there's a problem. And it's coming." Steven Butala: There's a couple of points here and we'll move on to Jill's happy place. Number one, Jill just made my point. The people component is the fact that we're in a community, we're all interacting together and solving each other's problems. I would have never caught this. Jill DeWit: And I wouldn't. Steven Butala: You know, I check days on market through two to three sources before we make a decision on sending mail somewhere. So kudos to both of these guys for figuring this out and sharing with the group and saving us a ton of time and energy and potentially some money loss on sending mail out to counties that we didn't have good data on. So thank you fellows. It's awesome. That's what this is all about. Jill DeWit: Tech support, Chuck. Steven Butala: Today's topic. It's Jill Friday. She's going to talk about the people side of real estate investment. This is the meat of the show. Jill DeWit: You brought up a good point as we were sitting down to record. And you said, the reason you came up with this title was so many brainy tech people in our group, and which is, like you, and you were saying- Steven Butala: Not necessarily tech people, just people with technical backgrounds, counting, aerospace- Jill DeWit: Numbers. Steven Butala: Yeah. Numbers. Jill DeWit: Analytical, research driven, staring at computers in dark rooms, kind of things. And not necessarily working with customers, at least in person or on the phone and things like that. And it was really nice, you said, I wrote, "Are they missing it? Are they missing out on this?" Because you had said you... will you back up and preface your whole thing again? Steven Butala: