Finding a commercial resource that included opportunity zone coverage
As the Director of Commercial Sales & Leasing at NAI, Karl is constantly keeping an eye out for the best tools for his team of brokers. Karl’s team relies on property data all across Louisiana, a tertiary market. He noticed that his team was spending and duplicating efforts tracking down property data piece-by-piece –often even driving to public agencies to look up records. With limited resources in the area, the team was subscribing to multiple data sources and still not finding what they needed—access to a map of Opportunity Zones across Louisiana.
A colleague recommended Reonomy for Business to Karl and his team to solve this problem. Since then, they have been able to access everything they were looking for and more, right in one resource.
“Reonomy is a tool that saves our brokers countless hours. It puts all the data they need on property owners, sales history and debt information in one, consolidated spot.”
A time efficient data source that the entire team can utilize
Reonomy has helped the team to analyze deals more quickly. “One example that comes to mind is a deal our broker was working on where we were able to act quickly, ahead of other competitors. Through Reonomy’s pre-foreclosure data, we were able to identify the property was in distress and quickly pivot our strategy.”
Karl and team have used Reonomy to source and close new deals that they wouldn’t have otherwise found. “Using Reonomy for new business outreach is beneficial because it has coverage of tertiary markets like the one we operate in. We discovered properties and owners we would never have been able to reach without Reonomy.”
The team began utilizing Reonomy even further during the COVID-19 pandemic. The collaborative features on Reonomy for Business enable them to keep in communication while in the property discovery phase. “Reonomy has been crucial as we transition to working from home. It empowers our brokers and agents to be successful, autonomous and we are glad to be on the cutting edge with providing this innovative resource.”