Real Estate Marketing

The Big Difference Between Those Who Tank & Those Who Survive in Down Markets

Expertise: Commercial Real Estate, Personal Finance, Real Estate Marketing, Business Management, Landlording & Rental Properties, Real Estate Investing Basics, Personal Development, Real Estate News & Commentary, Mortgages & Creative Financing
230 Articles Written

With questions about the future of the U.S. housing market being floated, it’s worth asking how the most experienced and successful handle marketing in tougher times.

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This isn’t another of those pessimistic posts predicting doom and gloom. In fact, from where I’m standing in my market and niche, things are very good. The outlook looks very good. But there have been analysts who say that home sales may be softening in places like San Francisco, Miami, and New York City. We all know that at some point, that is likely to happen. Maybe it is already happening, or maybe it won’t be for six months or six years. But it is especially important for those newer to real estate to look ahead and determine how they will continue to win when those things do start showing up.

So what’s the best way to keep up your real estate sales and leasing during leaner times?


Related: Is a Market Correction Imminent? Here’s Why NOW is the Time to Prepare.

Don’t Stop Marketing!

The one big difference between those that fade out at the slightest sound of distant thunder and those that make it through the worst recessions is marketing and activity. Sam Zell is famous for being the “grave dancer” who makes a killing while others are going bankrupt. Keller Williams only really saw its best growth come when it took visibility to the next level during some of the toughest years we’ve experienced. I can personally attest to ramping up marketing and activity as a way to break through. This past year during the winter months when others were slowing down, getting ready for the holidays, we ramped up our activity levels. The results were outstanding! It was less noisy.

In fact, not only should you be consistent, but this can be an incredibly opportune moment. These are moments that shake out the average players and those who aren’t committed and that make the big money for the few who stay. Look for opportunities to fill voids left by others, and dominate new niches and market share.


Be Smart With Your Budget

It is important to be wise with your marketing budget. So think targeted marketing, but know when to seize the moment to make a splash.

Keep those guerrilla marketing tactics ready in case things do get leaner than expected. Instead of pulling big lists in an area, pick a neighborhood and go and drive the spot to find those distressed and vacant properties. Get that laser-like focus in marketing.

Related: 4 Things to Do With Extra Cash in a Low Inventory Housing Market

If you aren’t having success in one channel, then adopt another. There’s direct mail, bandit signs, expired listings, showing up to eviction court dates and speaking with landlords who are evicting tenants, door knocking, online marketing, blogging, and more. There are so many avenues! So mix it up. But don’t overlook other investors as a source! Leverage them for deals if they are giving up, or partner on them with what’s working.

A few will always make it no matter what the market does. Those who stop marketing probably won’t.

What are you going to do? What tips and tactics helped you get though the last dip?

Leave your comments below!

Sterling is an multifamily investor specializing in value-add apartments in Indianapolis and other Midwestern markets. With just under a decade of experience in the real estate industry, Sterling w...
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    Scott Schultz Rental Property Investor from West Bend, WI
    Replied about 4 years ago
    while the article focuses on continued buying (I agree) the big factor is not over leveraging, what I saw in 2009/10/11/12 were people with Commercial notes that needed to re-up, and the property lost value, and could not re-up because they didnt have enough equity. My advice if you borrow commercial money like I do, NEVER leverage more that 60% LTV this allows for a 20% market drop, and you will still have 20% equity to re-up your loan for another 3 or 5 years. if you borrow 80% on $100K and market drops 10% when your note is due, you need to scrape up $10K +/- to have the 20% needed to re-up, have this situation on a bunch of properties and you are Sunk!!!! be conservative, dont borrow too much, and you can ride out the storm.
    Sterling White Rental Property Investor from Indianapolis, IN
    Replied about 4 years ago
    Thank you for the insight. Makes complete sense.
    Christina Welch Investor from Lakewood, Washington
    Replied about 4 years ago
    I always enjoy your articles, thank you!
    Sterling White Rental Property Investor from Indianapolis, IN
    Replied about 4 years ago
    Thank you for the kind words. What was the biggest takeaway for you from this article, Christina?
    Peter Mckernan Residential Real Estate Agent from Newport Beach, California
    Replied about 4 years ago
    Hey Sterling, The biggest takeaways for me of this article is how you mentioned that those big companies (KW) kept marketing even in the bad times and saw the biggest growth! Grant Cardone talked about in his book “10X” and in multiple interviews that when he saw the writing on the wall in 2008, 2009, and 2010 with the crash he doubled down while everyone else was backing off from their marketing to save money. Good job!
    Sterling White Rental Property Investor from Indianapolis, IN
    Replied about 4 years ago
    Truly words of wisdom from Grant. He is the person I originally heard the philosophy from then implemented it. Thank you for the input, Peter.
    Peter Mckernan Residential Real Estate Agent from Newport Beach, California
    Replied about 4 years ago
    Yes, greats words from him to keep those hustlers on track! Thank you for the reply!
    James Falco from Syracuse, New York
    Replied about 4 years ago
    wonderful article. thanks for sharing your insights and thoughts
    Jay Frederick from Baltimore, Maryland
    Replied almost 4 years ago
    Sterling: Great article. I’ve recently jumped into the Baltimore real estate investing space. The strategies and “frame of mind” explained in your article will definitely be helpful as I navigate through all these opportunities.
    Li na Mccullough from Manassas, Virginia
    Replied almost 4 years ago
    What does re-up mean?
    Allan Foglio
    Replied almost 4 years ago
    There is an excellent post that you published. I think that your article will be helpful for us. It has been something new ideas. I gather more information that you created. Thanks for sharing this article.
    Jorge Vega
    Replied over 3 years ago
    Excellent article Sterling! Definitely something to learn from.