Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: John Baker

John Baker has started 11 posts and replied 36 times.

Post: Elderly lady called me...

John BakerPosted
  • West Palm Beach, FL
  • Posts 36
  • Votes 1
Originally posted by @Justin Fernandez:

What would you do if it was your mom? How would you want her treated? Yes she needs the house sold, but what else could she want?

You may have an ulterior motive in doing so, but you don't have to shove it in her face. Just be a friend and offer to help with other things?

Do you have to do that? Absolutely not. Do you want to, maybe? 

Just remember, RE isn't about houses, it's about people. 

In this day and age, old school neighborly love is all people are really looking for. 

I see. Interesting point. Looking at it from your own point of view if you happen to be in that situation really helps me see what actions would be appropriate and what will lead to a win-win situation. Thanks for the input.

Post: Elderly lady called me...

John BakerPosted
  • West Palm Beach, FL
  • Posts 36
  • Votes 1
Originally posted by @Account Closed:
Originally posted by @Justin Fernandez:

What would you do if it was your mom? How would you want her treated? Yes she needs the house sold, but what else could she want?

Such a good point. And if you sent my distressed mother flowers after she called on your marketing, I'd be sure to not let her sell it to you.  Being considerate and professional doesn't mean pretending to be family or a friend when you are not.  

If you do enough marketing you'll begin to recognize the calls from seniors who have no one to talk to.  Many are old school in that they really believe the have to respond to all mail. Many will say they are thinking of selling when it's never going to happen in their life time.  Many times they aren't really in charge of the house as their kids are doing the care and managing the finances, even if the house is in Mom's name. 

Send follow up mail to remind people of your interest, should they be ready to sell.  Don't be creepy and send flowers to distressed strangers calling on your marketing.

Thanks for writting in.

So, no flowers then? Should I at least leave a voicemail to follow up with the lady, and to let her know I still want to buy the house? Or do you think mail is better? What works better for you and what seems to get you a better conversion rate?

Post: Elderly lady called me...

John BakerPosted
  • West Palm Beach, FL
  • Posts 36
  • Votes 1
Originally posted by @Joel Moore:

You could always send flowers or a nice card to her address. This will keep you on top of mind as well as show that you're not heartless. I know that I would appreciate the gesture.

Good Luck!

 Thanks for writting in. 

That sounds like a good idea. I will definitely do that.

Post: Elderly lady called me...

John BakerPosted
  • West Palm Beach, FL
  • Posts 36
  • Votes 1

Also, what should you say to sellers who are depressed from the loss of a loved one? How do you let them know you are there for them and that you want to buy their house without coming off as "heartless"?

Post: Elderly lady called me...

John BakerPosted
  • West Palm Beach, FL
  • Posts 36
  • Votes 1

Hello, everyone

I got a call from an elderly lady about a month ago from my direct mail marketing campaign. She says her husband has died and that she will sell the house in the future, but it is in the probate process. I felt very heartbroken for her, as she sounded very sad when I spoke to her, and she also mentioned that she is very old and may pass away soon, so the house will go to her son if that happens. I didn't quite know what to say in this phone call, but I told her I was sorry to hear that and said that she could call me whenever she was ready to sell the house and if she needed anything. My question is... how should I follow up with her? I don't want to annoy her and sound pushy since she is going through a very difficult time. How do you guys deal with distressed probate sellers? Any help is appreciated. 

Post: Do you use an automated phone system for sellers who call you?

John BakerPosted
  • West Palm Beach, FL
  • Posts 36
  • Votes 1
Originally posted by @Brian Gibbons:

@John Baker

I coach people full-time and I think the biggest mistake is "to piss off a seller with the voicemail," 

I don't care if you use ringcentral or Google voice, a motivated seller when they call needs a professional to listen to them. 

If you're too busy to answer the phone when a. motivated seller calls off your marketing that you spent thousands of dollars to make the phone ring , I think you're being foolish

Look into Patlive.com

They've been around the longest

Also I don't like the Philippines people talking to my motivated seller leads

Now tenant  buyer prospects that are looking for my lease to own homes I'll use voicemail

@Michael Quarles

The above three members have it working motivated seller leads for a lot of time now and they may want to chime in on the subjects live of calls

Ok, thanks. I won't use a voicemail system then. I've heard about  What about following up with sellers? I think some automation would be good there? Like maybe an automated emailing system? Do you think so?

Post: Do you use an automated phone system for sellers who call you?

John BakerPosted
  • West Palm Beach, FL
  • Posts 36
  • Votes 1

I want to automate things as much as possible, so I can have more time to focus on things that I deem essential to growing a business. Do you think it would be a good idea to prescreen callers with some kind of phone system like Google voice? If the seller is willing to go through some hoops to contact me, then wouldnt that be a sign that they might be motivated? I also get some calls from other wholesalers, and it's getting annoying. Also, what do you guys think about an automated email system like mailchimp? I think mailchimp would be good to automatically follow up with sellers who called me. Yes? No? What do you guys suggest? 

Post: Should you build rapport with every seller?

John BakerPosted
  • West Palm Beach, FL
  • Posts 36
  • Votes 1
Originally posted by @Account Closed:

@John Baker Personally,  I believe the importance of building a rapport with every person in this field you interact with. Left to our own devices and decided who, is worth the extra attention is very slippery path. In my opinion, building positive relationships with everyone will only help you be successful.

Your right. Now that I think about it. It's better to have a good relationship with everyone. Who knows? Maybe, I might get a referral or maybe they might be motivated and remember me down the line. I don't know why I didn't get it before, but thanks for helping me realize this. Thanks for the reply and advice by the way.

Post: Should you build rapport with every seller?

John BakerPosted
  • West Palm Beach, FL
  • Posts 36
  • Votes 1
Originally posted by @Trevor Ewen:

@John Baker

I have been thinking a lot about this in my own business and in real estate. @Brandon Turner has recently been saying a lot about the 80/20 rule in effort expenditure: 20% of your work produces 80% of the value. I think making decisions like these are tough because you don't want to feel like you are missing out, but it's less likely to create results.

I would decide what you can do better in lieu of building the rapport. As soon as you can make a value statement about that 'other activity' it makes much more sense to monitor your seller networking. If the alternative is sitting at home and watching TV, you mine as well do it. 

Ok, sounds reasonable. But what do I do if they don't want to talk so that I can get to know them and thier situation? Sometimes, sellers are upset as soon as we start talking over the phone or when I ask them questions about thier house and themselves. Should I just end the conversation and tell them I will write up an offer and send it to them? And then should I follow up with them in a month or so when they have cooled off? Thanks for the reply btw. 

Post: Should you build rapport with every seller?

John BakerPosted
  • West Palm Beach, FL
  • Posts 36
  • Votes 1
Originally posted by @Nick C.:

It depends on your personality. I know people who hang up on unmotivated sellers without another word. I'm more friendly and don't mind chatting for a bit. When I give them my offer they tend to become a lot less friendly. To answer your question though, yes building rapport with unmotivated sellers for the most part is a waste of time. 

 I don't mind talking, as well, about things me and the seller have in common. Also, you are definitely right about the offer part. Whenever I make an offer to an unmotivated seller, sometimes they get upset, as if I owe them something. Lol. Maybe, it might be because I haven't built enough rapport with them? I don't know. But thanks for the reply anyways.