Discussion
I've been sitting in on a friend's acquisitions calls while I wait on my first rental, and something came up I can't resolve. I invest passively and I'm nowhere near hiring a call…
Loss
Client signed a twelve month agreement in January, verbal plan was to go from two dedicated callers to six by March. They were already 62 percent of my revenue at two seats. At si…
Discussion
I run two vendors against the same two counties, pre-foreclosure plus high-equity absentee. Vendor A bills $1.10 per contracted contact, vendor B $0.95. I finally pulled both supp…
From the desk:
Planning my first purchase and trying to work out the order of operations. I keep reading that off-market deals come from prospecting, and there are services that will do the call…
Discussion
Running roughly 15,000 messages a day across 60 numbers, all registered under 10DLC, single campaign, same three message templates I've used for months. Response rate was sitting…
Loss
Trying to work out what my first deal actually costs, and I figured the cheapest way to find sellers was to call them myself. So here's what that came to. List: 2,400 absentee own…
Discussion
Before I pay anyone per lead I want to know what the inputs cost, mostly so I can tell whether a $28 per lead quote has any margin in it or whether the shop is losing money and wi…
Discussion
We got a list from a newer client last month, 9,000 records, and when my ops person ran it through scrubbing about 6 percent came back flagged against do-not-call registries. The…
From the desk:
Six weeks into calling owners of unimproved rural parcels, mostly 10 to 40 acres, mostly held by people who live somewhere else. This is my own list, pulled from county records in…
Discussion
Trying to work out how much of this sits on me. I read on a forum that hiring a vendor doesn't move the liability off the investor because the calls are made for my benefit. Then…
From the desk:
I've been reading vendor proposals for six weeks and I want someone to poke at the arithmetic before I sign anything. Vendor A prices per delivered lead. $75 for what they call a…
Discussion
Proposal in front of me is $1,800 a month for 25 qualified leads. I asked what qualified means and got back "motivated and open to discussing price." That could describe half the…
Discussion
I hold land and long-term rentals and I've been prospecting owners directly for six years, so I've watched my own connect rate slide from something like 11 percent down to under 4…
Discussion
My market is rural, small counties, price points under $120k, and the owner universe is small enough that I can name most of it. Last year my vendor was getting a live conversatio…
Discussion
Spent $1,120 with a per-lead shop, took 40 leads, worked every one myself. Two got to an offer, both went cold on price. What I think happened is that per-lead pricing pays them t…
Loss
Posting this while it's fresh. I set up a small texting operation last year, signed three investor clients on $900 a month retainers, and shut it down in month four. What I spent.…
From the desk:
Building a channel comparison for an acquisitions budget and the SMS column looks too good, which usually means I've left something out. Mail: 10,000 pieces at $0.62 all in, so $6…
Discussion
I'm putting together the pricing for a small calling service and the competitor spread is wild. Per lead I see $25 to $60. Per appointment $80 to $150. Per caller hour $7 to $12,…
Discussion
Reading two proposals side by side. One says 6,000 dials a month. The other says 4 percent contact rate and doesn't mention dials at all. I've been mostly reading about notes and…
From the desk:
An operator I've known for two years runs a 9 seat calling service for investors and wants working capital. Not equity. He wants a facility against receivables, and I've spent a w…