Maureen McGarry, founder of BlueStream Analytics, discusses the trial-and-error costs of hiring engineers as a non-technical real estate broker.
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“We're on the third revolution of this software. I would say we probably have a 100,000 into it. That was a waste.”
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More from Maureen McGarry
AssertionNot checkable as stated
McGarry: BlueStream software drove nearly $4M in closed deal volume
“So just working part time on sales, I had almost four million from the software. Nathan Latka: In closed deals. Maureen McGarry: Yes.”
Maureen McGarryJan 8, 2023▶ 12:19She built secret software to add $4m in deal volume to her brokerage last year
AssertionSupported
McGarry: Accessing MLS data feeds requires local licensing across 500-600 MLSs
“There's, I think, five or 600 MLSs in the country. And you can't just go in and sign up for that and get that data feed. You have to be licensed in that area.”
Maureen McGarryJan 8, 2023▶ 7:01She built secret software to add $4m in deal volume to her brokerage last year
AssertionNot checkable as stated
McGarry: Brokerage commissions have fully recouped software development costs
“Nathan Latka: So maybe it's probably, maybe you've actually already recouped everything you've spent on this, on the software. Maureen McGarry: Oh, absolutely. I have. Yes. Yes.”
Maureen McGarryJan 8, 2023▶ 12:45She built secret software to add $4m in deal volume to her brokerage last year
Disclosure
McGarry: Operating BlueStream software locally costs roughly $1,000 per month
“To keep it going in our market, it's not much. It's maybe a thousand a month. But we use it within our brokerage.”
Maureen McGarryJan 8, 2023▶ 11:50She built secret software to add $4m in deal volume to her brokerage last year
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