How BlockChains will Change Real Estate Forever (LA 1904) - a podcast by Steven Butala & Jill DeWit

Transcript:

Steven Jack Butala:Steve and Jill here.

Jill K DeWit:Hello.

Steven Jack Butala:Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.

Jill K DeWit:And I'm Jill DeWit, broadcasting from the Valley of the Sun.

Steven Jack Butala:Today, Jill and I are going to discuss how blockchain, or blockchains I guess, will change real estate forever. So like it or not, this is one of those technology things that I think is here to stay. Hasn't really even gotten started. I'm not sure who created the concept of blockchain, but I think it's absolutely brilliant. Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free. Before we get into that, I'm hoping by now you know that Jill and I have created a very specific commercial printing company to help you get offers to owners out in the mail expediently and inexpensively. We did this several years ago for ourselves, and it was worked so well, we decided to share it with everybody. Fast forward to today, we do almost a million offers on behalf of members and non-members every single month. Oh, the name of the company is Offers, the number 2, owners.com.

Jill K DeWit:Aaron L. wrote,"The usual advice here is to mail every owner of the properties in a target zip code or county. After all, who knows why someone might want to or need to sell. I've acquired 48 properties in five different states since I joined Land Academy in 2021. Not hundreds or thousands like some of you. Working on that. I'm pretty sure I have never bought a property from someone that lives in the same county as the property."Steven Jack Butala:
That's a staggering statistic.

Jill K DeWit:"Is this unusual? I also find that people that live in the same county call a lot more often and tend to be more angry than those that live far from their property."Steven Jack Butala:
I love this question or comment. And it goes along the lines, right now Jill and I are in the middle of instructing a Career Path session. I think it's Career Path number five. We just got done talking about specialized mailers and when they're appropriate and when they're not. So yeah, he's absolutely right. The conventional wisdom is to mail everybody and see what comes back, but I've never really looked at adjacent property owners because every time we, in the Thursday calls are so often identifying or reviewing properties for people in our group where the adjacent owners are relatives or the same person. So I'm glad that you can quantify that, that that's your experience. That hasn't been mine, but I still find it fascinating. Don't you?

Jill K DeWit:That's actually been more my experience like Aaron's here. I have more, like I haven't seen it in 20 years. That comes up a lot.

Steven Jack Butala:But you think you can quantify where they live? If you can say,"80% of the property, I"-

Jill K DeWit:Yeah.

Steven Jack Butala:What I'm saying is how can you do it-

Jill K DeWit:Think about where the notary has to go. So I know that too from what we're doing. Think about where the title company ... The title company's in the place of the, at least in the state usually, as the property, not the seller, or not you, the buyer. It's for the property. So when I think about that and I think about most of my sellers are not driving in. Some are.Steven Jack Butala:
I mean, I read this question and specialty mailer just pops up like a light bulb over my head. I would like to do a split test specialty mailer for one county and send it to non-residents and residents and see.Jill K DeWit:
That'd be cool. See what traffic, how it comes back.

Steven Jack Butala:Exactly. Great comment, Aaron. Thank you. Appreciate it. Today's topic, how blockchains will change real estate forever. This is why you're listening.
Geez. Unless you live under a rock as a professional person, you've heard the word blockchain,

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