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PollBroker Owner

Which single number tells you a brokerage is actually working?

I've been handed the books on two small shops by a friend who's thinking about buying one, and the numbers argue with each other. Shop A: 22 agents, $310k of gross commission inco…

26Hhannah_west29 Get yours4 replies

DiscussionMobile Home Parks / Manufactured Housing

Real park software at 30 lots, or does a spreadsheet cover it?

I've been pricing out the back office side of a small park before I get any further. Lot rent collection on 30 lots doesn't sound like much, a bank deposit and a spreadsheet. But…

mitchell_ray4 Get yoursPRO123 replies

WinMobile Home Parks / Manufactured Housing

The only thing I changed on a 24-lot park was who reads the water meter

This was my first park and I went in expecting to be busy. Land is what I know, so the appeal was obvious: I own the dirt, the roads, the water lines, and the residents own their…

nicole_adeyemiPassivePRO143 replies

PollCo-Living / Room Rentals

Screening a $725 room, do I use the same income test as a whole house?

First rental is close and it might be a three room house rather than the duplex I started looking at, so I've been rewriting my screening criteria and the income rule breaks immed…

paulgrant17PassivePRO73 replies

DiscussionBird Dogging / Lead Finding

The same parcel came back to me twice from three different buyers

I work rural land, long holds, and I've been passing leads on parcels that don't fit my hold criteria. Small acreage, back taxes owed, heirs scattered across three states. Flat fe…

karen_whitfieldPG4APRO7Answered2 replies

WinBird Dogging / Lead Finding

I paid four bird dogs for 14 months and only kept the one who never sent an address

I do passive positions mostly and I underwrite carefully, so when I started funding a local operator's acquisitions I ended up paying for his lead flow too. Over 14 months that wa…

marcus_hale41CG4AAnswered5 replies

Happening NowMarketing / PPC Agency (Real Estate)

A year at $700 a month with a lead gen agency. Did it work?

I wanted income without a second job so I put money with a partner who buys small rentals. He also pays a marketing agency $700 a month plus $2,000 media to find off market seller…

priya_n21PO1C8 replies

DiscussionMarketing / PPC Agency (Real Estate)

A motivated seller lead is quoted at $30 by one person and $400 by another

I'm getting my first rental sorted and reading around the investor side while I wait. Three different people quoted me wildly different numbers for what a seller lead costs. One s…

paulgrant17PassivePRO714 replies

PollNote Buying (Non-Performing)

Title report before the bid, or bid and eat the diligence cost after?

Nine files offered as a small tape, balances $48k to $130k, ask around 40 percent of balance in aggregate. Bid window is five business days. The seller sent collateral file scans…

aliyah_bAU2APRO911 replies

PollAssisted Living / Residential Assisted Living (RAL)

Three 6-bed houses within ten minutes, or one 16-bed with a full time administrator

Four homes in and I have hit the thing everyone warns about. My second house is my best performer and my third is dragging because the manager there is stretched. Adding a fifth 6…

samantha_ruizAU4APRO510 replies

DiscussionMarketing / PPC Agency (Real Estate)

Does the agency running my seller ads need a real estate license?

I manage rentals and I've been asked to help an owner who wants to sell off two of his doors. A marketing shop pitched me on running "sell my house fast" ads and passing me the ca…

tonyv88SO4CPRO6Answered2 replies

Happening NowMarketing / PPC Agency (Real Estate)

The agency wants 90 days. I want one campaign.

I've held land a long time and I'm finally trying to sell three parcels rather than keep paying taxes on them. A marketing agency quoted me $1,500 setup and $900 a month to run Go…

karen_whitfieldPG4APRO7Answered4 replies

PollDriving for Dollars

Log every ugly house, or filter while you're still in the car?

Third Saturday out and my list is bloated. I photograph anything with peeling paint and a full mailbox, which means I came home with 41 addresses and maybe 9 of them are actually…

joe_delgado5AP4CPRO40 replies

DiscussionDriving for Dollars

Re-driving the same routes: what's the decay curve on a logged address?

I have about 4,200 addresses logged across six zip codes, built up over roughly nine months of routes. Every address goes into the same five-touch mail sequence. What I'm looking…

33Hhannah_west29 Get yoursAnswered12 replies

PollReal Estate Agent (Buyer's Agent)

The pre-tour representation agreement: consumer protection or a lock-in device

Two agents in the same market described the same rule to me in opposite terms this week. One called the written agreement before touring the best thing that happened to buyers, be…

bmoreno23AB1B0 replies

DiscussionReal Estate Agent (Buyer's Agent)

Now that the MLS can't publish it, where does the buyer agent fee live as a document?

Before the rule change, as I understand it, the offer of compensation to the buyer's broker sat in the MLS listing field and the split happened more or less automatically through…

16Ddmitri_v6CapitalPRO7Answered7 replies

DiscussionConsulting

Pricing a market entry study when the client wants a go/no-go answer

A regional operator asked me to scope a study on whether they should enter a secondary metro with a 200-unit build-to-rent pipeline. They want a recommendation, not a data dump. M…

mikeoconnell7SP2APRO170 replies

Happening NowConsulting

Offered $600 to write a market summary, three weeks before my license exam

I'm three weeks from my license exam and a guy I used to work with called me Sunday. He's got about $250k he wants to put into a small rental somewhere cheaper than where he lives…

30Rryanmck27SC2CAnswered7 replies

PollRV Parks / Campgrounds

Cost per site to build and cost per site to buy keep landing in the same place

I've been pricing two paths to roughly the same 40 site outcome and I don't trust that they're converging. Path one, buy. Small operating parks in the corridor I'm watching trade…

diane_kowalskiPassivePRO142 replies

PollInvestor-Friendly Real Estate Agent

Which single question tells you an agent really works with investors

I've now had coffee with four agents and every one of them said the word "investor-friendly" before I did. Two of them then sent me owner-occupant listings with a cap rate typed a…

ehernandez74PO2BPRO7Answered4 replies

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