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Keller Williams Central Oregon Realty

NNN Investment Group affiliates with KW Commercial

San Francisco, CA (July 20, 2009) – KW Commercial, a division of Keller Williams Realty, Inc., today announced that it will partner with the National NNN Investment Group to offer triple net lease real estate investments to the company’s 73,000 realtors and brokers in the United States and Canada.

Triple net, also known as NNN (net, net, net), real estate refers to commercial leases where the tenant pays the property taxes, insurance, and maintenance (the three 'Nets'). Typically, these types of NNN investments are most attractive to long-time apartment property owners and passive investors seeking “hands-off" real estate to provide themselves a long-term and stable income. Many owners sell their current management-intensive properties and purchase an NNN investment as part of a “1031 tax-deferred exchange."

"Based on current demand, we know that the National NNN Investment Group will significantly contribute to the success of agents throughout Keller Williams Realty," said Buddy Norman, president of KW Commercial. “Our ultimate objective is to ensure that KW Commercial clients acquire the best quality triple net properties with the fewest surprises and National NNN Investment Group has the experience and track record to make this happen. Keller Williams’ agents can now offer their clients comprehensive end-to-end real estate solutions."

Managing Director Andrew Barnes, a ten-year veteran of the triple net brokerage business, oversees a constantly changing inventory of available NNN properties at National NNN Investment Group. The group works directly with commercial developers who build retail and industrial properties for the largest US companies. A sampling of tenants includes Walgreens, CVS, Wal-Mart, Publix, Lowes, Sam’s Club, Best Buy, AutoZone, Advance Auto, O’Reilly Auto Parts, KFC, Jack-in-the Box, and Taco Bell.

In today’s changing market, the National NNN Investment Group continues to lead in its area of expertise. Closings this month include the sale of a property NNN leased to Walgreens in Jackson, Mississippi for $3,775,000. A prime location due to a hard corner site and surrounding population density, the property featured excellent assumable financing with a strong tenant credit on a 25-year lease.

"A triple net investment offers an exit from management-intensive real estate into properties that provide long term, passive income" stated Barnes, “This is particularly important to our clients nearing the end of their investment life cycle. For instance, they may have started out with a residential duplex twenty years ago, gradually traded-up along the way, and can now be proud owners of a commercial property leased for 25 years to Walgreens. In many ways, an NNN investment offers features similar to a corporate bond, with the continuing benefits of real estate ownership."

Prior to joining KW Commercial and the National NNN Investment Group, Barnes was Senior Vice President with the triple net development, investment and brokerage firm Sansome Pacific Properties and prior to that, was Managing Partner and Co-Founder of the San Francisco-based real estate investment firm, Kyodai Holdings. He has been involved in over $575 million in real estate transactions and brings both buy- and sell-side expertise to his brokerage transactions.

Barnes holds an M.B.A from Waseda University in Tokyo and a B.A. from Penn State University. He is fluent in Japanese. He has completed graduate work at the United Nations in New York and undergraduate economics work at Universitat zu Koln in Germany. Additional studies at U.C. Berkeley have included advanced Real Estate Finance and Investment. He is a member of the International Council of Shopping Centers (ICSC), lives in San Francisco with his wife and is an active member of his community.

Seven easy steps to build your Twitter-sphere

Seven easy steps to build your Twitter-sphere

Use these tips to help you gain genuine Twitter followers, increase your popularity and in return, your business.

1. Tweet often and interesting content. If it looks like you’re never on, or all your tweets seem to be mini sales pitches, you will not gain Twitter followers.

2. Follow more people. There are a lot of tools to help you find people who have common interests such as Twitter Search and Find People.

3. Make your Tweets interesting. Tweet neat facts or link to interesting blogs, articles and Websites you come across.

4. Let more people know that you are on Twitter. Add a link to your feed on your email signature or link to your Website and blog.

5. Upload a profile photo or logo. There are many people who will not follow or allow followers who do not have a photo. Having a picture or logo makes you look more legitimate.

6. Contribute to your feed as a personality, not just as a business.

7. Engage in conversations on Twitter. Direct Message (D) people, @ reply people, re-tweet (RT) interesting tweets, and participate in hashtag (#) topics.


Agent Top Story: New research pinpoints appraisal problems

Agent Top Story

Keeping the transaction in tact

New research pinpoints appraisal problems

Recent upheavals in the appraisals arena and the new Home Valuation Code of Conduct (HVCC) are contributing to too many sales falling through the cracks.

According to National Association of REALTOR's® (NAR) Appraisal Survey in June 2009, 37 percent of home buyers and sellers have experienced at least one lost sale as a result of the new HVCC. The report also pointed to:

  • Higher Fees
  • Lower Quality
  • Longer Wait

Click here for the full report from NAR.

If you encounter these problems and find your contract’s viability hinging on a low appraisal, don’t hesitate to bring additional comps to the appraiser. Also, read Tactic 12: Bulletproof the Transaction in SHIFT: How Top Real Estate Agent Tackle Tough Times for more solid strategies on protecting your transactions.

For more on the HVCC, visit www.realtor.org/hvcc.

Great Advice From Diana Kokoszka

Dear High Achievers,

Are you committed to doing whatever it takes to be successful in your real estate career? Are you focused on sharpening your skills, lead generating every business day, and taking advantage of every opportunity to learn and grow?

One of the many awesome outcomes of our current market is the realization that we need to operate as business owners and not simply real estate sales people. We're not making money in order to spend it as it comes in; we are building our businesses, developing profit and loss statements, tracking our financials, paying quarterly income taxes, adhering to our business plans, and

tapping into top-notch advice and coaching.

Keep in mind that it takes just as much time and energy to want and to hope as it does to plan. And since energy is such a valuable resource, I urge you to always be mindful of directing yours in ways that will keep you moving in the direction of your biggest goals.

Gary Keller has pointed out that we can expect the market to stay essentially the way it is for the next three and a half years. A few positive reports about regional upticks in home sales do not signal a return to a sellers' market. That's actually good news for real estate professionals such as you. Your diligence, focus and determination will keep you in the game as others decide that it's too hard.

I look forward to seeing you at the top!

It's up to you,

Dianna Kokoszka, President

MAPS Coaching

Success Strategies from Jack Canfield & Leadership Lessons from John C. Maxwell

  • Success Strategies from Jack Canfield
  • Leadership Lessons from John C. Maxwell

Success Strategies from Jack Canfield

The Power of Asking; 7 Ways to Boost Your Business
by Jack Canfield

Boost Your BusinessThe gift called "asking" has been around for a long, long time. One of life's fundamental truths states, "Ask and you shall receive." Kids are masters at using this gift, but we adults seem to have lost our ability to ask. We come up with all sorts of excuses and reasons to avoid any possibility of rejection.

Yet the world responds to those who ask! If you are not moving closer to what you want, you probably aren't doing enough asking.

Here are seven asking strategies you can implement in your business (and in life) to boost your results and your bottom line:

Asking Strategy #1: Ask for Information

To win potential new clients, you first need to know what their current challenges are, what they want to accomplish and how they plan to do it. Only then can you proceed to demonstrate the advantages of your unique product or service.

Ask questions starting with the words who, why, what, where, when and how to obtain the information you need. Only when you truly understand and appreciate a prospect's needs can you offer a solution. Once you know what's important to them, stay on this topic and find solutions for them.

Asking Strategy #2: Ask for Business

Here's an amazing statistic: after giving a complete presentation about the benefits of their product or service, more than 60 percent of the time salespeople never ask for the order! That's a bad habit, and one that could ultimately put you out of business.

Always ask a closing question to secure the business. Don't waffle or talk around it-or worse, wait for your prospect to ask you. No doubt you have heard of many good ways to ask the question, "Would you like to give it a try?" The point is, ask.

Asking Strategy #3: Ask for Written Endorsements

Well-written, results-oriented testimonials from highly respected people are powerful for future sales. They solidify the quality of your product or service and leverage you as a person who has integrity, is trustworthy and gets the job done on time.

When is the best time to ask? Right after you have provided excellent service, gone the extra mile to help out, or in any other way made your customer really happy.

Simply ask if your customer would be willing to give you a testimonial about the value of your product or service, plus any other helpful comments.

Asking Strategy #4: Ask for Top-Quality Referrals

Just about everyone in business knows the importance of referrals. It's the easiest, least expensive way of ensuring your growth and success in the marketplace.

Your core clients will gladly give you referrals because you treat them so well. So why not ask all of them for referrals? It's a habit that will dramatically increase your income. Like any other habit, the more you do it the easier it becomes.

Asking Strategy #5: Ask for More Business

Look for other products or services you can provide your customers. Devise a system that tells you when your clients will require more of your products. The simplest way is to ask your customers when you should contact them to reorder. It's often easier to sell your existing clients more than to go looking for new ones.

Asking Strategy #6: Ask to Renegotiate

Regular business activities include negotiation. Many businesses get stuck because they lack skills in negotiation, yet this is simply another form of asking that can save a lot of time and money. Look at your vendors and suppliers and see if there are areas where you can be saving money. Just ask.

All sorts of contracts can be renegotiated in your personal life, too, such as changing your mortgage terms and rate, reviewing your cell phone plan and requesting a policy review with your insurance agent. As long as you negotiate ethically and in the spirit of win-win, you can enjoy a lot of flexibility. Nothing is ever cast in stone.

Asking Strategy #7: Ask for Feedback

This is a powerful way to fine-tune your business that is often overlooked. How do you really know if your product or service is meeting your customers' needs? Ask them, "How are we doing? What can we do to improve our service to you? Please share what you like or don't like about our products." Set up regular customer surveys that ask good questions and tough questions.

HOW TO ASK

Some people don't enjoy the fruits of asking because they don't ask effectively. If you use vague language you will not be clearly understood. Here are five ways to ensure that your asking gets results.

Ask Clearly
Be precise. Think clearly about your request. Take time to prepare. Use a note pad to pick words that have the greatest impact. Words are powerful, so choose them carefully.

Ask with Confidence
People who ask confidently get more than those who are hesitant and uncertain. When you've figured out what you want to ask for, do it with certainty, boldness and confidence.

Ask Consistently
Some people fold after making one timid request. They quit too soon. Keep asking until you find the answers. In prospecting there are usually four or five "no's" before you get a "yes." Top producers understand this. When you find a way to ask that works, keep on asking it.

Ask Creatively
In this age of global competition, your asking may get lost in the crowd, unheard by the decision-makers you hope to reach. There is a way around this. If you want someone's attention, don't ask the ordinary way. Use your creativity to dream up a high-impact presentation.

Ask Sincerely
When you really need help, people will respond. Sincerity means dropping the image facade and showing a willingness to be vulnerable. Tell it the way it is, lumps and all. Don't worry if your presentation isn't perfect; ask from your heart. Keep it simple and people will open up to you.

Jack Canfield, America's #1 Success Coach, is the founder and co-creator of the billion-dollar book brand Chicken Soup for the Soul and a leading authority on Peak Performance and Life Success. If you're ready to jump-start your life, make more money, and have more fun and joy in all that you do, get your FREE success tips from Jack Canfield now at: www.FreeSuccessStrategies.com

Leadership Lessons from John C. Maxwell TRAVEL LIGHT By Dr. John C. Maxwell One of the first international trips my wife, Margaret, and I took together was to Japan. When we were choosing luggage for our journey, we decided to get the biggest suitcases we could find. It seemed like a logical idea at the time-after all, the bigger the suitcase, the more we could pack in it. Unfortunately, while we were packing, it never once occurred to me that we were going to have to carry those bags wherever we went. Now, if you know anything at all about Japan, you know that traveling by rail is often the best way to get around there. Needless to say, we spent a lot of time lugging our suitcases in and out of train stations. I remember going to one particular depot with two bags that were as big as me, both stuffed nearly to bursting. I was struggling to get to the train with my suitcases, Margaret was struggling down the street with hers, and neither of us was very happy about the whole situation. Finally, I'd had enough. I stopped right where I was, put the suitcases down and said, "Margaret, anyone who can carry these suitcases can have them! I'm just going to leave them right here. I'm not carrying them anymore." That little incident, which my sweet wife and I jokingly say is closest we ever came to getting divorced, taught us a valuable lesson: Travel light. Margaret and I learned this lesson so well that, on subsequent trips, we've literally gone out of the country with nothing but our carry-on luggage. In addition to preserving our marital bliss, traveling light alleviates the stress of keeping track of numerous bags, saves time previously spent waiting around at airport baggage claims and keeps us from getting worn out before we ever get to our destination. On top of all that, it doesn't take us nearly as long to unpack once we get home. As helpful as it is to travel light on a business trip or vacation, it's even more critical to travel light through life. Let me explain what I mean. Many people go through life with far too much emotional baggage. They didn't necessarily intend to fill the biggest bags they could find with their personal junk, but along the way, they've somehow managed to collect quite a stash. A chip on the shoulder here; an ugly batch of pent-up anger there. Ten years' worth of hurt feelings here; three decades of rejection there. I could go on, but I'm sure you get the picture. Sadly, these individuals fail to realize the damage their excess baggage is inflicting on themselves and others. For example, a recent survey indicated that people with emotional problems are 144 percent more likely to have automobile accidents than those who do not have such problems. In addition, one of the study's most sobering findings was that one out of every five victims of fatal accidents had quarreled with someone in the six hours before the accident. This is why it's so important to practice what I call "keeping short accounts." When you keep a short account, you ask for forgiveness quickly when you hurt someone. When you treat someone badly, you make it right as soon as possible. You don't hold grudges. You don't go to bed angry. You don't allow your own injured feelings to fester into bitterness or resentment. The importance of keeping short accounts really hit home with me when I had a heart attack several years ago. As I lay there, honestly not knowing if I was going to live or die, I felt a tremendous amount of peace because I knew my relational ledger was clean. Ironically, the thought that kept coming to my mind during those first tense hours was, "I don't have to call anybody on the phone." It was true. I didn't have to make any last-ditch apologies or ninth-hour requests for forgiveness because I had made an intentional effort to travel light through life. From a practical standpoint, traveling light means that I have to ask somebody to forgive me almost every day. It means that I often have to sit down with Margaret and say, "I'm sorry for using that tone of voice; I was wrong." It means that I have to initiate reconciliation with people who have offended me, not wait for them to make the first move. None of this is easy. It's often humbling and hard on my ego. And yet, the alternative is much worse. Failing to travel light blurs your focus on what really matters and impairs your ability to live and lead effectively. So if you're carrying a bunch of excess baggage, get rid of it. Write a letter. Make a phone call. Do whatever you need to do. Just do it now. You've got more important things to do than cart around unnecessary-and potentially life-threatening-luggage for the rest of your life. "This article is used by permission from Dr. John C. Maxwell's free monthly e-newsletter 'Leadership Wired' available at www.INJOY.com."