All Forum Posts by: Spence Kal

Ive used Avail and its done what I need it to. $7 a month per unit, so I started looking for something that covers multiple units in one. Following for others recommendations, Im considering TurboTenant now, as I've heard Rentredi isn't great. 

Following, as I'm looking for an alternative. They just billed me for a year without notification, I haven't logged in for 2 years lol. Currently on Avail but its very limited

Hey Richard, I’m an agent in that area and things are crazy now, people are even buying houses that need updated because there’s such little inventory. So I second James Wise about selling as is, he definitely knows the rental market here. From my limited rental knowledge (only have one rental ATM) it seems like 2500-3000 is a tough sell unless its near great schools and jobs. It’s also hard to find decent labor now because contractors are slammed, and nobody wants to work, plus lumber costs. All that on top of you not wanting to move, there are other investments I’d choose personally that would be a path of lower resistance. But that’s just my opinion, it could definitely be done!

Hey everyone! I’m an agent up towards Cleveland, and have a friend down in Columbus Ohio who wants to get into real estate video. He’s an actual videographer with years of experience and wants to expand into RE. My question is, how open are agents in that area to real estate video, or video walkthroughs with agents in them. Do you guys use it, how much would you pay for it?

This is just research to see if it’s a viable option in that area. Up towards Cleveland I don’t see a lot of agents paying for video walkthroughs unless the home are 500k + and even then there aren’t that many. Thanks for any help you can offer!

I just bought a SF rental outside Cleveland near Lyndhurst, and it will cash flow 1-200. The taxes are high, and the POS system sucks, but there are definitely deals here.

I’d recommend visiting. Some of these deals look good on paper but might end up costing you. And good agents are a lot more likely to work with you if you’ve been here at least once.

@Brandon Sturgill I’m an investor and new realtor outside cleveland, would you mind if I PM you about finding data like that? It seems like you’re really on top of how to get real data I’d love any tips you have for a new agent. I don’t want to be the agent who tells clients “I feel like this area would rent well” and can’t back it up with data

I don’t want to say cold calling is BS, because people do it, and it does work, but there are better ways. Like Bruce suggested, start messaging, texting or calling people you know. After I passed my test I posted about it on Facebook and got 25 comments, my normal posts get 2-3. Im messaging a couple people a day, not even about real estate, just staying in touch. I haven’t talked to “mike” in 10 years, but I’m going to message him and say “hey it’s been forever how are you, I saw your business post the other day, I was wondering what kind of roofing you specialize because I have people asking me for roofers all the time”. Bring value first if you can.

VIDEO VIDEO VIDEO, you gotta be on video. Every social media platform promotes video, they reward you for using it because their users are spending more time on it. Video converts better in emails, websites and social. It demonstrates your personality so people get to know like and trust you before meeting you. So I could say to mike, “hey I’m a realtor and interviewing local contractors, to teach homeowners. can I interview you on video, talk about your business and the advantages of metal roofs” he gets more business, I educate homeowners, build authority and attention, and hopefully when mike thinks of a realtor he’ll refer me because I brought him value.

Social media is a longer game, you’re not going to get clients from it right away, but it’s far more scalable than cold calling. It creates warm leads, and can provide value to others first, and keeps your attention level up. Grant cardone says best attention beats best product or service. It’s true, in my town one top brokerage has all the attention, doesn’t matter if they’re better, people just think they are. If you can have best attention and best product, you’ll crush it.

You just have to find which strategy works for you and your style, and go all in. Ricky Carruth is a big cold calling guy on YouTube if that’s what you like. People in his Facebook group call 500 numbers a day or week, get 5-10 answers, and a few become prospects. It does work eventually. Just remember Ricky built his reputation with video marketing on YouTube lol

Sorry that’s so long, that’s my take on social media and video marketing. I’m a new agent like you, struggling to find ways to market myself quickly. If you’re interested I’d love to call or zoom about anything related to social media and video, to share what I’ve learned. I’d love to know your thoughts about being a new agent, it would honestly help me a lot to know what other new agents struggle with and that I’m not alone haha

@Brandon Goldsmith thanks for the tip! Maybe I should start building a list of investors and criteria for now and just sending them things when they come on the market. I've been wondering, as an agent we work ON the market, so have you found any opportunities to present off market deals at all? It seems like a lot of investors expect an off market deal, but do agents really deal in that kind of thing? I dont want the reputation that wholesalers have around here...

@Remington Lyman Thanks! I've heard of followupboss, I know EXP is supposed to have an amazing CRM, I'm hoping that works the same but I'll compare the two and see. I also joined a team with an office manager and Transaction manager, so do you think that will be enough or should I start looking into VAs now for the future?

I'm starting a youtube channel, super new, but I'd love to possibly do an interview with you, talking about CLE vs Columbus, your company , or working with investors. If you have time and would be up for it. It'd probably be in a couple months after I get past this firehose of information as a new agent haha

@Corby Goade thanks for the tips! I joined EXP so hopefully someone in my area has some connections like that, because my local team doesn't. Do you think its possible to build up my own connections and just refer investors to people like that, or is that just an uphill battle? Also what kind of systems would those be for dealing with that kind of scale, something like having an admin assistant to deal with all the paperwork and such? I haven't learned any agent systems yet, so I'm going to start looking into that this week

Hey Allie, are you looking to be an agent fulltime? If you flip, would you be doing the work yourself or hiring it out? What does the rental market look like in your area, what are home prices? Do you think you can get a decent return, maybe hit the 1% rule, or have 100-200 cash flow?