Updates and Big Announcement: DealMachine Revolutionizes Skip Tracing w/ David Lecko

Welcome back to the REI Mastermind Network podcast! In this episode, we have a special guest, David Lecko, the founder of DealMachine. David joins our host, Jack Hoss, to share some exciting updates and a big announcement regarding DealMachine. They discuss the game-changing feature of skip tracing, which is now included in the DealMachine app. David reveals how this new functionality allows users to easily find people associated with a property, whether they are owners or renters, along with their contact information, net worth, and more. Jack and David also delve into the importance of simplicity and focus in business, drawing from their own experiences and mentorship. Plus, David offers exclusive Black Friday deals for listeners to take advantage of. Tune in to learn all about the latest enhancements in DealMachine and gain valuable insights into growing your real estate investing business.Connect with David Lecko: https://www.dealmachine.com/get-black-friday-2023Topics & Bullets:IntroductionHost (Jack Hoss) introduces guest (David Lecko)Announcement and updates to DealMachine discussedThe Value of Skip TracingSkip tracing feature highlighted as a major takeawayImportance of skip tracing for real estate investors emphasizedDiscussion on the benefits of skip tracing in DealMachineAccidental Demo and Positive User FeedbackIncident during a demonstration leads to discovery of new featureNew feature reveals people associated with the property, including renters and ownersPositive feedback from users in real estate industryDiscusses how this feature expands prospecting capabilitiesAutomated Property Updates and Paradigm ShiftUpdated feature automatically connects property and tenant informationEliminates need for re-skip tracing when tenants moveParadigm shift in skip tracing process discussedAnnouncement of the feature made on November 20thNo More Skip Tracing and the Community's ResponseEmphasis on the elimination of skip tracing as a separate processInitial confusion among users about the pricing and featuresHighlighting the value and affordability of DealMachineImpact of DealMachine in the Real Estate IndustrySpeculation about how other services may be affected by DealMachine's featuresDiscussion about DealMachine's functionality and benefits for real estate investorsFocus on driving for dollars and the importance of simplicityFeedback Mechanism and Product DevelopmentImportance of customer feedback in product developmentMentions use of a feature request portal to gather customer inputBalancing customer requests with the goal of simplicityThe role of a product manager in the development processMentorship and FocusMentors' influence on David Lecko's focus and business decisionsImportance of focus in business growth and resonance with target audienceExamples of successful entrepreneurs who started with a specific focusLessons learned from personal experiences with diversificationChallenges and Lessons In Business GrowthDiscussion on the challenges faced in scaling business operationsLessons learned from an Airbnb venture and the importance of reliabilityImpact of negative reviews and customer experience on business successFuture DevelopmentsOverview of past...