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All Forum Posts by: Lee G.

Lee G. has started 15 posts and replied 145 times.

Post: Online Rental application

Lee G.Posted
  • Developer
  • Boise, ID
  • Posts 168
  • Votes 111

We've been using rightsignature.com for one of our properties. We upload the applications and contracts as templates, the tenants then e-sign everything. They've enabled us to go completely paperless. So far so good.

Post: Do you use Google Voice for tenant calls??

Lee G.Posted
  • Developer
  • Boise, ID
  • Posts 168
  • Votes 111

I use GV and have never had a problem. You get a local number -- no 800 numbers.

Best part is that I can direct the number to any number I want so if you are out of town, have a PM, want to annoy an enemy, GV is a great solution. I also love the text messaging feature too. I have lots of younger tenants and they would rather text me than talk to me.

Post: Google Adwords help

Lee G.Posted
  • Developer
  • Boise, ID
  • Posts 168
  • Votes 111

My "day job" is running a marketing agency that does both SEO, PPC and web design.

While you don't mention what you are marketing and to whom you are marketing to, my first suggestion is to make it easy and give an incentive for people to sign up. The mistake of most new folks is to want as much information as possible. Write (or have ghostwritten) getting an e-book related to what you are marketing and give it away if someone gives you a valid e-mail list and first name.

The next thing would be to set up an e-mail series that incentives people to take the next step -- either calling or filling out a longer lead form. Ultimately, you need to move people down the funnel towards whatever your conversion/sale/objective is. The real power will be in nurturing and maintaining that e-mail list -- you won't have something for everyone right away but eventually you might so if you stay in touch, continue to provide value, eventually, there will be a sale for you.

My second point is that you'll need to test what kind of traffic works best for you and meets your ROI. I've have some clients where Facebook rocks but Adwords sucks while someone in the same industry but different location will do better with Adwords and SEO traffic. Test, test and test again.

PM me for a $100 adwords coupon if you'd like...

Post: cheap wood floors or cheap carpet? Rental,

Lee G.Posted
  • Developer
  • Boise, ID
  • Posts 168
  • Votes 111

Lumber Liquidators' vinyl resilient flooring is awesome. Easy to lay down -- peel and stick (with a little bit of polyurethane glue on the corners). It looks like real hard wood but durability of concrete and the price any landlord would love (0.69/foot today).

Post: Wow, help me understand this...

Lee G.Posted
  • Developer
  • Boise, ID
  • Posts 168
  • Votes 111

This may be a little off topic for here but I don't know where else I'd put it.

Found this ad on craig's list advertising the sale of the McGill mansion in McGill, Nevada. They are asking $345,000. It looks fully restored and they have a website with tons of photos:

http://www.mcgillmansion.com

While a beautiful and historic house, I'm a bit befuddled as to why someone would buy the house unless they already lived in Mcgill (McGill is in the middle of nowhere... literally). Wondering if you would ever consider the property and why? Personally, I'm thinking I'd gut it and sell the fixtures and stuff. You might be able to get your money out of it that way...

Post: BAC pre-qual with REO

Lee G.Posted
  • Developer
  • Boise, ID
  • Posts 168
  • Votes 111

Thanks everyone. I ended up talking to the BAC mortgage folks and they pre-qual'ed me. Besides the hard credit pull, they didn't ask for a bank statement or anything else as proof. The end result was a pre-qual letter that didn't say much else other than I've been preapproved... Just silly.

Post: BAC pre-qual with REO

Lee G.Posted
  • Developer
  • Boise, ID
  • Posts 168
  • Votes 111

Perhaps enough "all-cash" offers such as these have fallen through that the banks are getting wise to them. The only thing constant in this business is change.

TRUE!

Post: BAC pre-qual with REO

Lee G.Posted
  • Developer
  • Boise, ID
  • Posts 168
  • Votes 111

We are going hard money with this transaction so submitted letters from the HML saying we had the purchase price available to us. While yes, I understand the difference between really all cash and HML, it hasn't mattered in the past. We've said all cash and used a HML to do the deal.

Post: BAC pre-qual with REO

Lee G.Posted
  • Developer
  • Boise, ID
  • Posts 168
  • Votes 111

How would you reply to the agent? I run a marketing agency and am a RE investor so qualifying conventionally is out of the question. I would have thought the POF letters would have been enough. I don't think that telling him that he's an idiot would be too effective.

Post: BAC pre-qual with REO

Lee G.Posted
  • Developer
  • Boise, ID
  • Posts 168
  • Votes 111

I think I'd put him in blithering idot but not sure. He won't return a phone call... he just replies to us via e-mail.