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All Forum Posts by: Josh Milewski

Josh Milewski has started 16 posts and replied 61 times.

Post: What's Proper Etiquette When Visiting A Tenant Occupied Property?

Josh Milewski
Pro Member
Posted
  • New to Real Estate
  • Jonesboro, AR
  • Posts 61
  • Votes 13

I'm working a lead and the seller gives me permission to visit the property after confirming a time with the tenant. The seller told the tenant I'm an insurance agent so not to reveal the potential sale. I wasn't pleased but still went to see the property. I did not further the misinformation and when I was asked for a business card I informed the tenant I don't have one. Had he asked me to leave I would have but instead he just told me it wasn't cool, and next time he expects visitors to have a business card. Honestly I don't blame him. Is this a typical scenario? My gut feeling is next time this happens I tell the seller that I won't go along with such a situation. This was my first tenant occupied visit and my second ever property visit. 

Post: How Do You Use Facebook Marketing ?

Josh Milewski
Pro Member
Posted
  • New to Real Estate
  • Jonesboro, AR
  • Posts 61
  • Votes 13
Quote from @Xavier Mazza:

Hi Josh. I would recommend sticking to Facebook marketplace; despite the decreased results you're experiencing from standard posts, it is worthwhile to be consistent and develop a reputation. Additionally, I'd recommend creating an official website where individuals can learn more about your services. Not only does this build credibility, it also draws in more traffic than a Facebook page alone ever could. 

Ads are effective, though you'll want to focus on the human element of business. Be personable and a figure who has their sh*t together (pardon my French). If you come across as a sleazy businessman (as most wholesalers do) you'll scare away potential sellers and buyers will think you're a crook. Be authoritative on the knowledge of your field - something you can demonstrate on a website and through posts - and be genuine and transparent with clients. 


Thanks for the reply! A lot of what you're saying makes sense to me. When I first joined the team I started posting immediately. The idea was to just to be consistent and present. We already have dedicated websites too. So that's taken care of. 

Reflecting on my first few posts I think they weren't all that personable. I think they have their place but I'm trying to mix it up going forward. For example one of our posts this weekend was a story about how we helped someone through the purchase of their property. I hope the was received as genuine but I suppose time will tell. 

Post: Looking, Learning, not quite shopping

Josh Milewski
Pro Member
Posted
  • New to Real Estate
  • Jonesboro, AR
  • Posts 61
  • Votes 13
Quote from @Shelli Koren:

Hi there, 

My husband and I are in early stages of working towards financial independence. We recently paid off all credit card debt, for example! Wahoo! 

We are very interested in saving up for a house hack, but don't have the savings for buying yet because all extra funds are going towards other debt pay-down. 

However, I want to learn about the market, get tours of homes, scope out the neighborhoods, etc. 

Should I work with a real estate agent to find places and build my education? Or can I just attend open houses whenever I like? I feel like an agent will begin to push us to buy before we really can afford it, but maybe there are some out there who wouldn't mind sharing knowledge with us when we're not quite a customer yet. 

Let me know what you think! 

Thanks!


I've experienced both an agent that tried to push me into a sale before i was ready and an agent willing to wait until I was ready. I feel like a good agent will be willing to wait for you because who'd turn down a potential sale in the future? That said I'd be upfront with them and be aware that you may be lower on the priority list because you're not actively looking to buy. 

Post: How Do You Use Facebook Marketing ?

Josh Milewski
Pro Member
Posted
  • New to Real Estate
  • Jonesboro, AR
  • Posts 61
  • Votes 13

Since this thread started I've been experimenting. I wrote a post about a deal we did in the past, and today I'm just asking a question about viewer preference for the area. The jury is still out on if either of those will be effective long term but I thought I'd share/update. 

Post: How Do You Use Facebook Marketing ?

Josh Milewski
Pro Member
Posted
  • New to Real Estate
  • Jonesboro, AR
  • Posts 61
  • Votes 13
Quote from @Chris Seveney:
Quote from @Josh Milewski:
Quote from @Chris Seveney:
Quote from @Josh Milewski:

In addition to several other types of marketing and campaigns I've been trying out Facebook marketing on our business page.

https://www.facebook.com/neama.. 

I'm wondering what cadence/content schedule you've found success with? As you can see in the link I tried a daily post with diminishing returns each day. I assume daily ad-like posts aren't going to be effective. A bit of googling suggested doing more non-ad based posts. Does that work for you? 

I'm open to any feedback on the Facebook page. Obviously we're just starting out and likely doing a lot wrong. Lol

I should note that since I've started experimenting with this none of the posts have been boosted or paid ads. 

Thanks for your time. 


 We hire a third party to do this and the key takeaways from us are:

1. Start with paid ads and move to organic over a period of time

2. If you are not targeting the right audience, it does not matter how much you spend.

3. It costs $ to get a lead. Right now in speaking with other marketing companies expect to pay 10-20%. so if you are looking for a deal that will net you $20k, expect to pay $2-4k to get that lead. 


Those points make sense to me. Question on bullet two though. This may show my ignorance but the audience I'm targeting with my posts right now is the distressed seller. Would the fact that the Facebook page is more of a general company overview and not specific to the targeted audience be causing issues? For example, the page reads and looks more like a business profile than a "we buy houses" website. 


 Did you put in an audience (upload) or a look alike audience. I know our company does like five ads and sees what is and is not working and targets similar people to the ads that work


 I'm sorry, I don't understand the question.

Post: How Do You Use Facebook Marketing ?

Josh Milewski
Pro Member
Posted
  • New to Real Estate
  • Jonesboro, AR
  • Posts 61
  • Votes 13
Quote from @Chris Seveney:
Quote from @Josh Milewski:

In addition to several other types of marketing and campaigns I've been trying out Facebook marketing on our business page.

https://www.facebook.com/neama.. 

I'm wondering what cadence/content schedule you've found success with? As you can see in the link I tried a daily post with diminishing returns each day. I assume daily ad-like posts aren't going to be effective. A bit of googling suggested doing more non-ad based posts. Does that work for you? 

I'm open to any feedback on the Facebook page. Obviously we're just starting out and likely doing a lot wrong. Lol

I should note that since I've started experimenting with this none of the posts have been boosted or paid ads. 

Thanks for your time. 


 We hire a third party to do this and the key takeaways from us are:

1. Start with paid ads and move to organic over a period of time

2. If you are not targeting the right audience, it does not matter how much you spend.

3. It costs $ to get a lead. Right now in speaking with other marketing companies expect to pay 10-20%. so if you are looking for a deal that will net you $20k, expect to pay $2-4k to get that lead. 


Those points make sense to me. Question on bullet two though. This may show my ignorance but the audience I'm targeting with my posts right now is the distressed seller. Would the fact that the Facebook page is more of a general company overview and not specific to the targeted audience be causing issues? For example, the page reads and looks more like a business profile than a "we buy houses" website. 

Post: How Do You Use Facebook Marketing ?

Josh Milewski
Pro Member
Posted
  • New to Real Estate
  • Jonesboro, AR
  • Posts 61
  • Votes 13

In addition to several other types of marketing and campaigns I've been trying out Facebook marketing on our business page.

https://www.facebook.com/neama.. 

I'm wondering what cadence/content schedule you've found success with? As you can see in the link I tried a daily post with diminishing returns each day. I assume daily ad-like posts aren't going to be effective. A bit of googling suggested doing more non-ad based posts. Does that work for you? 

I'm open to any feedback on the Facebook page. Obviously we're just starting out and likely doing a lot wrong. Lol

I should note that since I've started experimenting with this none of the posts have been boosted or paid ads. 

Thanks for your time. 

Post: Good rent estimating software for LTR and MTR

Josh Milewski
Pro Member
Posted
  • New to Real Estate
  • Jonesboro, AR
  • Posts 61
  • Votes 13

I know of several software options but I think they will all fall short. Along with BP, there's also Rentometer, Rentcast, Trulia, Zillow, Redfin (I think), and others I'm sure. 

I think your best bet is to get a local property manager to help you. They will have the same level of market understanding that you have for your market. That said, in practice, I've had a hard time getting Property Managers to work with me if I didn't already have a property for them to manage. 

Good luck! 

Post: Finding Off Market Leads

Josh Milewski
Pro Member
Posted
  • New to Real Estate
  • Jonesboro, AR
  • Posts 61
  • Votes 13

I've been working my way through the older podcasts first. So this recommendations might be a bit dated. But the one I heard them mention more than once is https://www.listsource.com

I should note that I'm pretty sure there is dedicated software now that can build your lists. I think the BP backed Invelo is one. 

One of the more involved processes I heard of was actually calling and asking for a list from the title company in the market you're wanting to buy from. 

Post: General Guidelines For Leverage?

Josh Milewski
Pro Member
Posted
  • New to Real Estate
  • Jonesboro, AR
  • Posts 61
  • Votes 13

In a recent post I follow I saw someone calculate the leverage percentage of a the deal being discussed which got me thinking. I know of the 1%,2%,3% and 50% rules but I don't think I've seen a general guideline on protecting yourself from over leveraging. Do you have a specific percentage you try to stay under? 

Also it's certainly possible one of the rules I already mentioned is the same thing as leverage percentage and I simply didn't recognize it.