All Forum Posts by: Jerred Morris

The same agencies that rated MBS, CDO's, CLO's, and CDS's with a AAA.

But don't worry they fixed all those problems and now the agencies are on top of their game.

If I am not mistaken the agencies are paid by the companies selling the security. No problems there.

These hedge funds are going to bundle the rentals and sell them as securities to investors. They wont have any money at risk when it is all said and done. The people that buy the securities will hold all the risk.

The hedge funds will clear their money on the front end and the financial advisers will get huge commissions. This is very similar to the last real estate bubble.

Will F.

I dont know of any in CA because we do the skip trace for the debt buyers (this is retail debt like credit card charge offs). You can message me directly and I can find out what the fees would be. A good skip trace company will charge you by the hour. It should not exceed 3 hours of work.

If the skip company is using TLO or "Clear" then they will have addresses for the people you are looking for. You will be amazed with the amount of information that a skip tracer can find on an individual.

Basically they run the info against data bases such as utility, cell phone, criminal records, registered vehicles....

When dealing with collection agencies you need to keep in mind that they are most interested in people that can supply them with regular business. I am not sure how effective it would be to work with one. If you do find one that is willing to take on your debt then that would lead me to believe that they are new and don't have a lot of business. That is not an agency that you want to do business with. Plus they have new rules in place about collections and you don't want to be liable for dirty practices by the agency.

When clients don't pay us we usually take them to small claims and get a default judgement. We then file it with the court and if they have assets we work with the sheriffs office to acquire those assets.

Will,

I am in the debt and process server business. Just run a skip on them and have the skip company look for assets. Once you know what they own then get a writ that allows you to repo it.

Find a process serving company that uses GPS location and photos of service. Ask the server to take pics of the assets outside of the residence. They can give you the license plates as well.

Make sure you keep the judgement current as well. The 50% collection sounds really high to me. The best way to find a great collection agency would be to go to the NARCA website. Do a search by state. That should give you a solid list of companies.

If you need additional help then just PM me.

Tenants on probation are tough as well. If they violate it and put back in jail then you are left holding the bag.

Ed,

Here are the basics for SEO.

1. title tags need to be relevant and have your keyword or keywords in them
2. meta descriptions need to be enticing. This is what will get your potential client to click the link. If you need help with it then google "example of great meta descriptions"
3. header tags need to have the keyword or keywords in them.

After you have the site optimized then you setup a link building strategy. Content writing is the way to go. The more links you have pointing to your site the higher you rank. You should also use anchor text (if you dont know what it is then google it).

Setup a consistent plan of action and make sure you hit a monthly goal. Consistency wins in the online game. Websites are not single events they are marathons.

Danny,

That CTR is extremely low. You need to test different photos and different text. I would focus on the pain points or points of interest that your buyers have.

Getting them to hit the like button is an old IM trick. You are looking for engaged clients. Engagement doesnt come from a like button that rolls to an opt in page.

You need to lead with information and content. You might get less likes but the ones that do like your page will be engaged.

A good place to start would be to find a group of people that fit your demographic and interview them. You need to listen and take notes. Your customers don't care what you think. Find the pain points and structure your online marketing around that.

FWIW - I would stop the FB advertising until you get this part dialed in. Your basically just wasting your money at this point.

You could save that money and up your budget once you determine pain points.

J

I would partner up or JV a deal like this for multiple reasons.

Let's analyze the deal:

John does the mailer and all of the leg work.

John qualifies the deal and time is of the essence.

John brings me the best qualified deals that come from the mailing (at his expense).

With no risk, I can view the deals and pick the best one or pass on all.

If there are multiple deals I can work the others while I JV with John.
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You have to define the objective of your website/landing page. I use my landing pages for leads and if you setup A/B testing you should see more lead conversion with smaller info boxes on your sheet. I see your point about the largest transaction that people make in life but don’t forget that they are not purchasing the home. They are trying to get out of misery. More than likely they are emotionally charged due to stress of collection, eviction, and foreclosure.

When you are highly emotional or stressed do you want to answer 20 questions?

Or

Do you prefer a more simple approach?

You should definitely lead with quality information with a personal touch. This will build some trust and spark interest. After that point you want the conversion. More leads will lead to more deals getting done. Your quality of lead might go down but you can fix that by adding additional text boxes and testing each time. Over time you will find a good mix.

In the end it all comes down to testing and running the numbers. Personally, I would rather see the deal and work with the individual rather than the individual not fill out the form and go somewhere else. Even if it is a bad deal, I still want to see it.

Hope that helps Jason. See you next week.

Shane,

Here is some information that you might find useful and most website owners don't know or test for.

Example: If you have 4 text boxes for potential leads/clients to fill out and you cut that down to 3 text boxes. You will increase your conversion ratio by 50%.

Now take a look at your "sell your house" tab. You are trying to hard to qualify the lead from the site. The main objective for your site is to drive leads. You should work on the closing via face to face or by phone.

Hope that helps
J