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13 February 2020 | 26 replies
@Thomas Robb I used to be 50% show rate and here is what I do now ( most of the the why is left out for now)Require everyone to set appointment via text or call to a call capture phone number - you need their numberText address and reminder when appointment is set ( I use www.callaction.co Tell Jessie that Tim sent you)Day of appointment call all prospects (confirmed & non-replies to get more appointments)Show 2 days per week one evening from 6-7pm, Saturday usually from 11-12Set all appointments ever 15 minutes, so that they think it's a special time just for them, when in fact you often have 3-4 people scheduled at the same timeText reminder about 1 hour before showings startA couple rules:Never show one off people for any reason, I repeat any reason (too many downsides to mention)Never confirm a showing via email (Zillow, Trulia, Craig's List all make it too easy to send an email + you can't text or call confirmation or cancel last minute if it rents if you don't have a phone number)Always brag to prospects about your tenant friendly approach to scheduled block showingsNever tell them you have an "Open House" and "Just show up" You want control, plus if there is no commitment on their part your odds of them showing dramatically decrease.Always explain your 1 hour block time strategy to your current tenants and sell them why they should clean so that they only have 1 hour of showings and not 20 random interruptions in their life.We get a few cancellations with the calls or the texts, but of the remaining, we have a solid 75-80%Cheers~Tim
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4 November 2020 | 25 replies
Its always from low producing agents who want an ego boost.
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21 March 2017 | 30 replies
You must know the acquisition prices intimately, be disciplined, know when to walk away, know the the market rental rates, and be a very strong operator when managing the properties. rices can increase (or drop) dramatically within a few blocks, and you do not want to be caught overpaying.
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11 April 2016 | 11 replies
Most investors will tell you that seldom happens, but the folks I've heard from who have been in this game since the 70s have been around when the interest rates rose dramatically.
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7 January 2023 | 161 replies
I also understand that Detroit is a particularly segmented market, with certain areas at dramatically different price points than others.
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24 November 2023 | 11 replies
By not providing appliances, you will dramatically decrease the number of interested applicants.
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25 November 2023 | 3 replies
The new kitchen might get a big boost of value in an area where new kitchens are valued higher.
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17 October 2023 | 2 replies
Probably better off having boostly build out your direct book using hospitables api.
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13 February 2015 | 18 replies
However since it boosts returns and allows me to buy an asset I would not otherwise be able to purchase I am left with the privilege of paying someone else for their money.
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17 July 2020 | 41 replies
Anyways if you are serious about doing deals and want a boost I would be glad to do a weekly call or something.