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Today I did something I rarely do. I signed up for Realty Pilot without even really doing much research here on REOPro..

It all started when Infinity Valuations emailed me and said that they were switching to a new BPO platform and I could sign up free of charge. Ok, no problem, its free so whatever. Later I find out GRC will be assigning assets through the system. Now I'm paying more attention. So I sign up and GRC tells me my next step is to attend the webinar.

I have to say I was astounded and after the webinar I forfeited my free membership and signed up for the full service which is only $30 a month.

This is a platform, workflow management sytem, accounting system, BPO auto fill system, BPO tracking system and more all wrapped into one. It appears to be pretty straight forward to use but at the same time is just loaded with attractive Equator-esque tabs, color codes, doc storage depots, etc. There are mega drop downs and check boxes for ease of use. Plus there is a massive list of AM companies they work with. And 24/7 live help, unreal.

Workflow: This thing will fill out your BPOs, MMRs, and arrange your tasks color coded by timelines. You can assign tasks to your team members. Everything is arranged and very nice to look at and work with. In a mouseclick you can send an order to a contractor to prepare a bid with a due date for him. You can even print your damn checks for your contractors with a couple mouse clicks and typing in the price.

Accounting: This thing keeps track of your expenses for each asset and also revenue. You can see who owes you, who you owe, how profitable you are, and who your best clients are. It keeps track of your BPO/Sold and List Price/Sold so you do not have to recalculate every few months.

AutoFill: You can populate BPOs without having to use macros. Using macros means your export it, import it, and then populate it. You can even build a "comment library" for those comments that you end up using over and over again. You enter your MLS system, select your BPO form and bam.

BPO: You can keep track of all of your outstanding BPOs and organize them under tabs from start to paid to completed. Right now for me that means scanning copies and using different file folders. Its ardous and mistake prone.

Anyway, I don't know much about it I am sure I have scratched the surface. I asked the presenter point blank if we can get assignments through the sytem and he said yes. He said two big AMCs were on the way, he could not say who yet. I think if this sytem is as useful to the asset managers on their side as it is looks like it could be on ours than there is no reason they could not be the next Res.net or Equator.

So this is a new platform they just rolled out I guess. I have not used it in practice, so feel free to pee on my parade. I'm excited about it but want to see what all of you think.