Six rentals in a rural county, quoted $2,400 to set up a CRM, do I need one
I own six single family rentals in a rural county, purchase prices between $58k and $92k. Rents are $700 to $875. I'm the only person in this business. My wife handles the mail.
I put two signs out on county roads last spring and I get three or four calls a month from people thinking about selling. Most of them aren't ready. One of them turned into a house I bought in October, and that call had come in nine months earlier and I only remembered because I'd written it on a legal pad and happened to flip back.
A guy who does this for investors quoted me $2,400 to set up a CRM with what he calls a long term nurture sequence, plus $180 a month for the software and his help. He says the nine month callback is exactly the problem the system solves and that I'm probably losing one deal a year to my legal pad.
I don't doubt that. A deal here nets me maybe $22k to $30k, so one lost deal a year is a lot of money against $2,400.
What I can't tell is whether the system does anything my legal pad doesn't at four calls a month. That's 48 conversations a year. I could put all of them on index cards. But the guy says the point is the automatic follow up, texts and letters going out on a schedule without me remembering, and I can see that I do not remember.
What would you do at this size.