Denzity Insights – Apply To Be A Guest Today

Denzity Insights - Apply To Be A Guest Today

Hey everyone! We are excited to let you know about Denzity Insights – a high-quality, educational video series for the audiences to learn about real estate tips and insights from Experts worldwide.

Our free video series focuses on interviewing a wide range of real estate experts for them to break down any myths and misunderstandings in the industry.

If you want to be a video guest, email us [email protected]

How PropTech Can Optimize Traditional Real Estate Professionals’ Workflow And Processes

How PropTech Can Optimize Traditional Real Estate Professionals’ Workflow And Processes

PropTech Institute (PTI) has launched its third virtual meetup with Alicia Mou of InfraRed NF Investment Advisors, Simon Yu of CBRE, and our CEO Darren Wong of Denzity.

During the meetup, Alicia and Simon have shared their view on how PropTech can potentially optimize their workflow and processes.

Topics such as:

  • Real estate developer’s biggest concern when adopting new technology
  • If real estate platforms would replace agents and brokers
  • What kind of technology can help real estate agents/brokers add value to their customers
  • and more.

You can find the show via the link below: Webinar recording: https://www.youtube.com/watch?v=1pVDTlB7pfM

The Future Of Real Estate Investing for Unissu Connect

The Future Of Real Estate Investing with Unissu Connect

Our Co-founder Darren Wong’s PropTech video sharing for Unissu Connect has now been posted – The Future Of Real Estate Investing.

Traditionally, real estate information is fragmented and complex in nature – most investors have a hard time finding and digesting reliable sources. This video lays out the Why and How we can solve investors’ frustration and uncertainties during their real estate investing exploration in the 2020s through the rise of Digital Experts.

You can find the video here: https://bit.ly/2Vwm3kO

This is what our team at Denzity has been working on.

Thanks for Unissu and Asia PropTech for organizing

How to Tell Your Story in the PropTech Sector

Thanks Tracy Ho of Frame & Fame Personal Branding for sharing tips for PropTech professionals on how to build an authentic brand in the PropTech and real estate world.

Also, glad to have Nurul Amira, MSc for sharing some insights along with Vishalsai Daswani of MyPropty and Gary Walter MRICS of Realinflo in another PropTech Institute virtual meetup. We talked about:

– How to convey your message

– Communicating with various industry players

– The Burger Analogy

– And more

You can find the show and notes via the links below:

👉 Webinar recording: https://bit.ly/3ap0MyR

👉 Webinar notes: https://bit.ly/2VIlrbK

To stay updated on PropTech Institute latest events, follow us here and subscribe to the YouTube Channel: https://bit.ly/3eH17jB

5 Key Tips To Source The Right Experts And How You Should Work With Them

5 Key Tips To Source The Right Experts And How You Should Work With Them

Today, let’s take a look at how to source experts.

We at Denzity champion relationship building within the real estate ecosystem, because the bedrock of the industry is the people. 

Real estate is a people business and us at Denzity champion relationship building within the real estate ecosystem. As relationships are the bedrock of this industry, people will want to work with others they feel comfortable with.

If you have missed the ebook “Become A Smart Real Estate Investor Like A Professional” from the previous email, you can download it https://bit.ly/38uqHEE

Before reaching the expert outreach, here are 5 key tips to source the right experts and how you should work with them:

  • Assemble your perfect team, like a coach. Assembling an awesome team (of experts) takes time and effort. If you ask any sports coaches, they would agree that having the right people for the job is a crucial element to success. Coaches dig deep to understand their athletes, you should be no different. As Jim Collins said in his book Good to Great, you’ve got to get the right people on your bus and the wrong people off your bus. Don’t compromise on the quality. If you can’t find the right experts, keep searching until you do.
  • Finding experts is like speed dating. If you don’t have any experience with dating apps like Tinder or Bumble, ask your friends about the experience: there are plenty of options out there – real estate is no different! If you don’t have chemistry with your match, it’s time to move onto another. If you want to hire a truly remarkable superstar, you’ll need to interview a handful of candidates before deciding on the right one.
  • Be very specific with what you want. You can start sourcing experts during the market research stage and ask them to guide you. As mentioned in the eBook “Become A Smart Real Estate Investor Like A Professional”, we mention how you need to be very specific when communicating with the experts. Before the meeting, you should define your goal and list out all the potential concerns you have. During the meeting, you should ask the experts on how they would handle particular situations. This process will give you a glimpse on his experience and expertise.
  • Actively verbalize and listen. Active communication is crucial to understand what the other person is saying. You want to make sure the experts have everything you need. Be open to learning and be straightforward with your feedback.
  • Leverage technology to save your time. In-person meetings can be great, and can also suck. Have you ever attended meetings that you kept thinking “we could have easily got the messages across without in-person meetings”? Don’t worry, you are not alone. Try meeting over video chats such as Skype, Google Hangout, or Facetime. Also, try using tools like Calendly to make scheduled meetings easier.

If you’d like to learn more tips on how to work with experts, you can check out our forum https://forum.denzity.io/ to find out more. Or, email us by replying here if you need any assistance.

#realestate #realestateinvesting #denzityprotips #denzity #experts

The Ultimate Guide To Be A Smart And Successful Real Estate Investor

Download our ebook: Become A Smart Real Estate Investor Like A Professional

Did you know most people take 6 to 9 months to find a real estate project worth investing in? For example, professional real estate investors look at 1,000+ projects per year but end up making 1-3 investments.

If you want to be successful in real estate investing, learn how to invest and achieve returns like the professionals. 

We at Denzity have put together an eBook to guide you along your real estate investment journey. Before you look for real estate investment, have a think:

  • Why do you want to invest?
  • Where do you want to invest?
  • What are you looking to achieve?

Get the eBook  https://bit.ly/38uqHEE

The Experts We Need In The Digital Age Real Estate Ecosystem

The Experts We Need In The Digital Age Real Estate Ecosystem

A couple of months ago, we shared Real Estate Investment Insights And Access A Global Community Of Experts,” “Find The Right Experts,” and “The Forces That Will Shape The Future Of Real Estate Investing.” Those posts contain our view on how technology transforms real estate experts’ roles and their impact on the world of real estate investing.

Today, we want to tell you more about the real estate experts we at Denzity look forward to working with – think of this as our Wishlist

The digital age experts 
As we enter an era of fast-paced digitization, it is hard to predict the outlook of the real estate sector. Growing uncertainties on how technology will shape the real estate industry started with tech companies, like Zillow and Airbnb, which disrupted their sub-market inside the real estate sector.

While real estate experts fear what big disruptor is next, digital-age experts are ready to embrace and adapt to new technologies that improve their performance and service to customers. Change is inevitable: accept that the old ways of doing business might not work and focus on integrating technology so that you don’t fall behind and miss opportunities.

The core values of world-class experts 
As the world becomes more competitive, experts have curated a leading position to deliver excess value compared with their competitors. As their top priority is to exceed customer expectations, they place the needs of each customer above their own.

Having worked with many experts around the world, we’ve identified eight key qualities they tend to have:

  1. Consistent: Stay motivated and focused on the energy to go above and beyond.
  2. Disciplined: Focus on achieving your client’s goals, however difficult they may be.
  3. Trustworthiness: Make a promise and work towards upholding the highest work ethic.
  4. Dedication: Deliver detailed and well-thought-out results for your clients.
  5. Selflessness: Share your knowledge and experience to build meaningful relationships.
  6. Creative: Demonstrate deep knowledge of their domain and produce creative solutions to solve problems.
  7. Critical: Learning always like a beginner and improvise where and when needed.
  8. Passionate: Delivering value in every response you receive.

These are the types of attributes we at Denzity are looking for in real estate experts.

Our 2020 Wishlist 

As mentioned in Year-End Review 2019”, our top priority in 2020 is to broaden the pool of excellent, reliable insights directly from experts (real estate agents/brokers, institutional firms, and transactional advisors) helps address real estate enthusiasts’ uncertainties and frustrations with market research, sourcing experts & projects, and conducting due diligence in real estate investing.

As we station in Hong Kong, we start by focusing on the topics that Hong Kong real estate enthusiasts are interested in. Topics such as:

  • Real estate market (mainly the UK, Canada, the US, Japan, and Southeast Asia)
  • Property exhibitions held in Hong Kong
  • Real estate fractional ownership (crowdfunding, P2P lending, STOs)
  • PropTech
  • Feng Shui
  • And many more.

We strongly believe that building this ecosystem, which encourages contribution and transparency within the real estate industry, can speed up learning and provide better clarity for everyone involved.
If you are interested to join as one of the Denzity Experts, you can email us at [email protected]

We looking forward to speaking further. 

Above and beyond,

Darren
Co-founder, Denzity

12 steps of the real estate investing process you need to know

Real Estate Investment Process

Successful real estate investment means you understand the investment process inside out. We’ve created a 12-step flow chart of the real estate investment process. You can download by clicking on this link: https://bit.ly/2R2QpJl 

Education

  • Learn about the fundamentals of real estate
  • Understand how the economy affects the real estate market
  • Form strategies and plan around your investment goal

Market research

  • Take time to understand a specific niche market
  • Surround yourself with like-minded real estate enthusiasts
  • Read multiple market reports

Sourcing experts

  • Find the right experts with the right domain
  • Be clear on what you need
  • Understand their scope and fees before engaging experts

Sourcing projects

  • Find comparables within the area
  • Drill down into the details
  • Keep track of your findings

Conducting due diligence

  • Don’t interpret the findings and results
  • Keep track on the progress with checklists
  • Check with experts regularly and see if they spot red flags

Fundraising

  • Prepare a clear and detailed business plan for investors
  • Make sure you are aligned with shareholder expectations
  • Be transparent about the potential risks

Bidding on projects

  • Communicate clearly on your terms
  • Get advice from your experts on your terms
  • Follow the steps during the transaction process

Financing

  • Source multiple options before committing
  • Assess how the financing terms affect the project
  • Maximize your risk-reward tolerance for leverage

Negotiating

  • Ensure your agent/broker is acting in your best interest
  • Be patience and disciplined during negotiations
  • If something doesn’t feel right, protect your interest by taking the time to evaluate. If not, you can always walk away

Transacting & closing

  • Make sure the fund flow is clear
  • Ensure all agreements are well-documented
  • Make sure the experts acknowledge the fund transfer

Managing the property/asset

  • Appoint experts with the right experience
  • Build a healthy relationship with your tenants
  • Keep track of your performance

Selling

  • Get advice from experts on the price point
  • Do your research to find the best time to sell
  • Find out how other similar and nearby projects’ marketing effort

If you are clear on these steps, you can find the property of your dreams without wasting precious time and effort. We will layout more detail for each step in the future.

Do you find this tip helpful? What real estate tips would you like to know?  Please share with us in the comments below.

The Leadership We Need In The 2020 Digital World

The leadership we need in the 2020 digital world

Welcome back! I hope you take some time to rest, refresh, and recharge during the holidays. If you have been following the news lately, you’ve likely experienced some good and bad, ups and downs. There are so many uncertainties with global events, such as Brexit, US-China trade war, potential recession coming, and possible US-Iran war. It is hard to predict how 2020 will plan out. 

During these troubled times, any organization that embodies positive leadership qualities will strive, especially in real estate where good thought leadership will help navigate our rapidly changing, complex, and fragmented industry.

After chatting with some experienced industry leaders, we have identified three critical aspects:

1. Be at the forefront, as a true leader

A leader needs to be at the forefront of the team. From Jim Collins’ book “Good To Great”, he describes the “Level 5 Leadership” of an organization (the ultimate top leaders) as having 7 key attributes:

(i) Be ambitious for the organization to excel but modest about what you contribute.

(ii) Be fanatically driven, obsessed even, to produce exceptional results on a sustainable basis.

(iii) Build successors to be even more successful.

(iv) Share the praise amongst the team when things go well.

(v) Be happy to take the blame when things go wrong.

(vi) Never have larger than life personalities.

(vii) Greatness comes from quiet, hard work, rather than heroic acts.

For more information, I would suggest checking out his book. As a true leader, you need to set yourself at the highest standard to allow your team to follow.

2. Transparent communication

As a leader, you might face stress or a tough decision to make. Do not put the problems just on your shoulders – share the burden with your team and tell-it-like-it-is to ensure the free flow of information. By sharing decision-making tasks and involving multiple people during brainstorming, your team can generate ideas freely in your organization to help solve problems together.

3. Actively listen to your team and make this a priority

In this environment, you need to evolve with the market swiftly and adapt to change with growth in mind. To spot these subtle movements, you need to actively listen to your team carefully. Exceptional leaders regularly check-in with their team. From their conversations, you might find cues in your team spot that you have not. Also, learn what they suggest (process and tools) that might help your organization be more productive.

Great leaders, whether you are in the real estate or the PropTech sector, need to continually find ways to improve and respond to the market so that their organization will be at the forefront of the exciting changes. You, as a leader, are in charge of finding the areas where change is needed. Be the version of yourself and strive for betterment.

As a leader, what is your biggest pain point? What innovation do you hope to see more of within your organization and the sector? Let us know in the comments below.

Above and beyond, 

Darren

Co-founder, Denzity

Year-End Review 2019

We have spent some time reflecting on our journey and want to share our exciting plans for 2020.

2019 is almost over, and we are only a couple of weeks away from turning 1-year old (Woohoo!). We want to thank everyone who has encouraged and supported us along this journey. We have spent some time reflecting on our journey and want to share our exciting plans for 2020.

At first, we set out to build a comprehensive real estate fractional ownership database worldwide. By aggregating hundreds of real estate fractional ownership platforms scattered worldwide, our portal was designed for you to find everything in one place and in an organized manner to streamline your research and due diligence process before investing in real estate fractional ownership. You can get a better grasp of the industry landscape and spot opportunities easier and faster. We were confident that our platform would become a key enabler in this sector. 

However, after launching our beta and getting feedback, we realized that our platform has yet to establish an essential element: forming a close-knit community of real estate enthusiasts and real estate experts by encouraging contribution and transparency. Community engagement enables deep, meaningful relationships to build trust and confidence.  Having a pool of excellent, reliable insights directly from experts (real estate agents/brokers, institutional firms, and transactional advisors) helps address your uncertainties and frustrations with market research, sourcing experts & projects, and conducting due diligence in real estate investing. This access can speed up your learning and provide you better clarity for your real estate exploration.

This “Aha” moment led us to launch the Denzity Forum last month with a handful of users and experts. Not only that, users found the answers useful, the experts found the information exchange meaningful! So, we have decided to expand our scope from real estate fractional ownership to include more segments of the real estate sector. Our top priority in 2020 is to broaden this community by empowering a cosmopolitan environment that gives you access to a growing range of insights and projects directly from experts worldwide. We believe this direction will significantly benefit you and the real estate sector worldwide in the long run. 

We are excited about next year! If you want to find real estate insights, find potential real estate projects, or connect with link-minded real estate enthusiasts and real estate experts, then our platform can help you to achieve your goal. 

Find more about the forum here: https://forum.denzity.io/topic/130/year-end-review-2019

Wish you a Happy Holidays and talk to you again in 2020,

Darren

Co-founder, Denzity