Bird Dog- how to find/what to pay

[Josh Reynolds]

Hi Everyone

I'm new to RE investing. I like the idea of bird dogs. Curious to get some insight on successful ways to find good bird dogs, and then what pay structure you have found to work well? 

Thanks for any help you can give!

Josh Reynolds

[Tim Herndon]

@Josh Reynolds

I have two types of bird dogs.

1) The traditional way where they drive around and look for houses, take pictures, etc. I created a web based software so they can enter the property information and upload pictures. I can also update the statuses of the deals (color coded) so they can see what's going on. This keeps them involved because they know when a deal is going to close and they are getting paid.

2) The new type of bird dog is even better because we just pay to place an advertisement on their back windshield ... WE USE AN ANALYTIC TRACKING NUMBER THAT IS ASSIGNED TO THEM. These calls get recorded and bird dogs can pull monthly reports. This tracking is what keeps them involved. We capture them through the squeeze page that is built into the software by advertising on Craigslist, or sending direct mail to service type companies like lawn maintenance, pest control, mobile computer repair, etc. We also mail to divorce and probate attorneys. We pay them 10% of net profit and can pay them through Paypal using the software but I prefer to meet them at Starbucks and record a video giving them a check. We take that video and put it on the squeeze page for social proof. Then we get their friends family and neighbors who want to place the ads on the rear winshield of their vehicle! We found that the rear get 2-3 times the calls that ads on the side of the vehicle get. We pay the sign company $75 per vehicle and the tracking number costs $1 per month and .02 per minute. We use those tracking numbers on all of our direct mail campaigns too. I hope these ideas help anyone looking to set up an army of bird dogs. THESE LEADS HAVE VERY LITTLE COMPETITION! Plus, unlike other types af advertising, this is a one-time cost and the ads keep getting seen for a long time.