All Forum Posts by: Rob L.

Wow @William Johnson, that's a crazy amount of phone calls! How many mailings did you send out for all this? Just curious what your callback ratio is per mailing.

I'm curious if you would have better luck on closing if you met with the people face to face before providing them an offer. I noticed you mentioned that you had 200 verbal offers over the phone and 3 materialized into face to face visits. I'm just thinking from a sales standpoint its a lot easier to build rapport with people face to face and really get a feel for what their needs and wants are. Maybe someone with experience on this can chime in with their opinion too but just a thought. 

Thanks @Shaun Reilly , I realized this was an old post right after I posted. I'm probably not going to be able to make this one due to work but I'm sure it will be another great turn out. 

Posted but realized this was for the meeting last year...

Hey @Victor Eng , I invest in Lawrence and Haverhill. The typical rent for a 3 bedroom one bath ranges from 1,150 to 1250 if their in good condition and all the way down to 800 if their substandard. I bet everyone else would agree vacancies are at historic low right now, probably hovering around 3% in most areas but i wouldn't put that in your assumption when looking at the property.

Like @Robbie Reutzel mentioned Lowell has some strong rental areas especially around U lowell. You can get higher rents if your property is located close to the university. 

Hey @Dooreuhn Cee , great write up on the different options for property management software. We just implemented Appfolio about 5 months ago and its been great so far. We also have a website supported by them that allows tenants to pay online by debit & credit cards and ach. We have 65% of our tenants paying online and would like to get to 75% for next year. 

We were contemplating between Appfolio and Buildium so I think you made a good choice. Either way I can tell you once you learn the new software it saves a TON of time. 

Thanks @Dawn Brenengen for the post. That's great to hear it works well, can't wait to give it a try. 

@Nate Garrett  I like the idea on wrapping your car, I'm adding that the to the list but will probably be a 2015 move. 

@Doug R. I'm also interested in this as I just launched a property management company a couple months back. Were growing pretty steadily but always looking for more ways to grow the business.  I found this idea on another site and I'm planning on trying this,

"To find new clients, I use a very targeted direct mail campaign that has been very successful. I have a full color postcard created and printed through VistaPrint that lets the recipient know that I know they have their house on the market for sale. I ask if they would consider renting. I highlight some things that make my service unique in my marketplace and invite them to call or visit my website. I target all homes listed for sale within a 20 mile radius of Fort Lewis that are less than 10 years old and priced under $350K. I get more than enough to add 5-7 homes per month to my inventory.

I also use a service called Reach Local to do some targeted sponsored web ads so that anyone within a specific geographic area doing a google search for Property Management will see my link as a sponsored link at the top or right side of the page. It has worked fairly well and I can set limits on how much I want to spend."

Hopefully some vets out there in the Property management world can share some ideas as well. 

@Ryan Billingsley great success story so far, you hit the nail on the head. You need to take action if you want to get anywhere in life. 

@John Blackman thanks for this awesome thread. I just stumbled upon it today but it was a great read. I look forward to keeping track as this progresses. 

Hey @Mike Yerardi , welcome to the site! I'm also out of mass. I have properties in Haverhill and Lawrence so just northeast of yours.