Tracking Transactions and Managing Deadlines in REI Podio CRM

Once a deal moves from a lead to a contract, it enters the Transactions App in REI Podio CRM. Tracking transactions properly ensures smooth closings, avoids missed deadlines, and keeps all stakeholders informed.

☐ Update the Lead Status in Seller Leads App to "Locked Up"
☐ Assign the deal to the Transactions App
☐ Enter contract details:

• Purchase price

• Earnest money deposit

• Closing date

• Title company handling the deal

☐ Assign a Transaction Coordinator (if applicable)
☐ Set a Closing Deadline in Podio
☐ Create tasks for key steps:

• Title search

• Inspections

• Financing verification

• Buyer deposit confirmation

☐ Confirm Earnest Money Deposit (EMD) received
☐ Track title search completion
☐ Verify contract compliance (no missing signatures)
☐ Address any title issues before the deadline

☐ Provide status updates to the seller & buyer
☐ Ensure buyer deposits assignment fee on time
☐ If delays occur, negotiate an extension addendum

☐ Confirm final paperwork with title company
☐ Verify assignment fee or wholesale profit
☐ Mark transaction as "Closed" in CRM
☐ Record final deal details for reporting

• Use the "Closing Date" field in the Transactions App to track deadlines

• Set automatic reminders for title search, EMD, and closing

• Tag your team in notes to ensure accountability

• Monitor the status of all active deals on your CRM dashboard

Tracking transactions properly ensures that no deals slip through the cracks. With REI Podio CRM, you can:
✅ Keep deals organized
✅ Never miss an important deadline
✅ Ensure smooth closings and maximize profits