Comments on: Real Estate Investors: Time Is Our Most Valuable Asset – Use the Lock Box! http://www.biggerpockets.com/renewsblog/2009/01/29/time-valuable-asset-lock-box/ Learn, Network, Invest Sat, 11 Feb 2012 23:51:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: James Millerhttp://www.biggerpockets.com/renewsblog/2009/01/29/time-valuable-asset-lock-box/#comment-63688 James Miller Fri, 06 Feb 2009 21:46:42 +0000 http://www.biggerpockets.com/renewsblog/?p=3781#comment-63688 Anthony,The fun part about my partner going to show a place in person and then not having them show up, is that she will call back and read them the riot act for wasting her time. I have heard her on these calls and she dammed near leaves them crying.I unfortunately don't have quite that much aggressiveness in me and treat it more like the cost of doing business.I think she tries to build rapport with people where I tend to work it from a numbers standpoint.<abbr><em>James Miller’s last blog post: <a href="http://realestategozone.wordpress.com/2009/02/05/how-to-avoid-a-real-estate-lawsuit/" rel="nofollow">How to avoid a Real Estate lawsuit</a></em></abbr> Anthony,

The fun part about my partner going to show a place in person and then not having them show up, is that she will call back and read them the riot act for wasting her time. I have heard her on these calls and she dammed near leaves them crying.

I unfortunately don’t have quite that much aggressiveness in me and treat it more like the cost of doing business.

I think she tries to build rapport with people where I tend to work it from a numbers standpoint.

James Miller’s last blog post: How to avoid a Real Estate lawsuit

]]> By: Anthony aka ROIGuyhttp://www.biggerpockets.com/renewsblog/2009/01/29/time-valuable-asset-lock-box/#comment-63530 Anthony aka ROIGuy Sat, 31 Jan 2009 03:50:05 +0000 http://www.biggerpockets.com/renewsblog/?p=3781#comment-63530 James,I couldn't agree more.I was in a business (entertainment) where an appointed time was treated as merely a suggestion and when you called people on their tardiness -- chronic in some cases -- you were the jerk. I'm glad to know that someone else beside myself is willing to demand that people respect their most precious resource.Anthony James,

I couldn’t agree more.

I was in a business (entertainment) where an appointed time was treated as merely a suggestion and when you called people on their tardiness — chronic in some cases — you were the jerk. I’m glad to know that someone else beside myself is willing to demand that people respect their most precious resource.

Anthony

]]> By: Jasonhttp://www.biggerpockets.com/renewsblog/2009/01/29/time-valuable-asset-lock-box/#comment-63514 Jason Fri, 30 Jan 2009 03:54:51 +0000 http://www.biggerpockets.com/renewsblog/?p=3781#comment-63514 I sell the majority of my houses on a rent to own basis which seperates me from the pack and makes people want to see my houses. I advertise the opportunity to own their own home and FREE money in rent credits (usually 200-300 per month).When I do this I always have a flood of prospects seeing my houses and filling out applications. I sell the majority of my houses on a rent to own basis which seperates me from the pack and makes people want to see my houses. I advertise the opportunity to own their own home and FREE money in rent credits (usually 200-300 per month).

When I do this I always have a flood of prospects seeing my houses and filling out applications.

]]> By: myrtle beach rentalshttp://www.biggerpockets.com/renewsblog/2009/01/29/time-valuable-asset-lock-box/#comment-63513 myrtle beach rentals Fri, 30 Jan 2009 03:25:57 +0000 http://www.biggerpockets.com/renewsblog/?p=3781#comment-63513 great post. We have looked at showing houses with lockboxes several times and decided not too. But i do like your idea about the lockbox form. But how many people would just decide to look at the next property on the list verses going through the hassle? great post. We have looked at showing houses with lockboxes several times and decided not too. But i do like your idea about the lockbox form. But how many people would just decide to look at the next property on the list verses going through the hassle?

]]> By: James Millerhttp://www.biggerpockets.com/renewsblog/2009/01/29/time-valuable-asset-lock-box/#comment-63500 James Miller Thu, 29 Jan 2009 20:30:53 +0000 http://www.biggerpockets.com/renewsblog/?p=3781#comment-63500 Hi Jason,Great article. I wish I would have thought to write on this. I use this method of "showing" places too. It has saved me a ton of time.One of my partners still insists on meeting people out at the houses, as she feels she can better "sell" them that way.I had told her that in my experience only about 50% of the people show up, and that is IF you call them the day of the showing to remind them about the appointment.I would rather crank up the marketing and drive a horde of people through the place automatically, than drive out and wait on a coin toss to see if I have a prospect.The biggest fear people have with this method is that they are letting someone they haven't met go through the property. they are afraid of being open to vandalism, theft or other damages.The truth of the matter is that when you have their phone number, nobody is going to mess with the place, especially if you have properly prequalified them. Then they are considering living in it as they walk through, not what they can destroy.James<abbr><em>James Miller’s last blog post: <a href="http://realestategozone.wordpress.com/2009/01/29/how-to-use-real-estate-to-get-an-infinite-return-on-your-money/" rel="nofollow">How to use Real Estate to get an infinite return on your money.</a></em></abbr> Hi Jason,

Great article. I wish I would have thought to write on this. I use this method of “showing” places too. It has saved me a ton of time.

One of my partners still insists on meeting people out at the houses, as she feels she can better “sell” them that way.

I had told her that in my experience only about 50% of the people show up, and that is IF you call them the day of the showing to remind them about the appointment.

I would rather crank up the marketing and drive a horde of people through the place automatically, than drive out and wait on a coin toss to see if I have a prospect.

The biggest fear people have with this method is that they are letting someone they haven’t met go through the property. they are afraid of being open to vandalism, theft or other damages.

The truth of the matter is that when you have their phone number, nobody is going to mess with the place, especially if you have properly prequalified them. Then they are considering living in it as they walk through, not what they can destroy.

James

James Miller’s last blog post: How to use Real Estate to get an infinite return on your money.

]]> By: Erika Napoletanohttp://www.biggerpockets.com/renewsblog/2009/01/29/time-valuable-asset-lock-box/#comment-63499 Erika Napoletano Thu, 29 Jan 2009 18:20:34 +0000 http://www.biggerpockets.com/renewsblog/?p=3781#comment-63499 Always sage advice - work smarter, not harder, and respect the time of others. Most importantly, treat the time of others as you'd like to have them treat yours. In a challenging market, there's nothing wrong with choosing where to spend your time! Always sage advice – work smarter, not harder, and respect the time of others. Most importantly, treat the time of others as you’d like to have them treat yours. In a challenging market, there’s nothing wrong with choosing where to spend your time!

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