All Forum Posts by: Mason Hickman

@Dom Battezzato

Is is a 3-4% conversion on all inbound leads or is it based off of something else? If conversion is low, I guess it begs the question about what the messaging is that is getting the appointments but not converting. Same thing for getting leads in the door but not converting to appointments. 

@Heidi Kenefick

I used Rentredi and it was very buggy and not easy for tenants or me as the landlord. Inevitably did not renew my subscription. 

@Felix Maldonado

Read your listing agreement contract and it should dictate what is owed. For instance, our boilerplate contracts state that if we "procure a buyer who is ready, willing and able to buy at a price and on the terms set forth herein...BROKER shall be due a fee of __ percent of the selling price, whether or not the transaction closes or title passes."

@Lorraine Gaudin

Craigslist, Facebook marketplace, here on BP, local meetups of investors, contact buyers of properties listed on the MLS that were fixer uppers

@Burt L.

Why not counteroffer at what you think the property is worth for your portion? Depending on how the partnership agreement reads, there may be very little or no marketability of your shares. It sounds like you don't care about the ownership stake and hold some leverage with re-drafting the partnership agreement so I would think a counteroffer would be the logical step. 

@Matt Sora

You can rent single family homes or apartments via section 8. There are some who love section 8 and others who don't love it so much. You should review your the laws in the state where your rental is located before "not allowing" section 8. It is illegal here in Massachusetts to discriminate based on source of income, which includes section 8 vouchers, alimony, etc. 

@Patrick Julian

Hey Patrick, 

I'm sorry to hear your parents have been having bad luck selling their pizzeria. If you're still interested, I am happy to make some recommendations for some good commercial folks in the area. I'll follow up with a DM because I am about 99% sure I know which business is theirs. 

@Darren Redfearn

Yes, delivering vacant is ideal. If they won't deliver vacant, here in Massachusetts, we use estoppel certificates which highlight all the key information like rent amount, security deposits, etc.

Also, ask for bank records showing that they have received consistent rent payments for the amount the seller stated. 

@Tim McKelvy Great way to get your first duplex without a lot of cash is to buy it using primary home owner loan with low down payment option. Works great! 

@Katrina Cabral

There's usually two major reasons something isn't selling: ineffective marketing or bad pricing. 

I would go back to your original listing and review the photographs and ask yourself the following questions: are there enough photos, are they professional quality or taken by your agent with their smart phone, are they staged well, were the photos taken at the best time of day, are they recent and current to the season you are in, have you included any photos to showcase the lifestyle and community, are the photos representative of reality?

Go back and read your property description. Will the listing make the buyer want to move right in or is it a cold and uninspired description of the house specs? The purpose of the writeup is to help the prospective buyers imagine themselves living in the space, not explain information that is already captured elsewhere in the listing.

Have your agent gather honest feedback. Assuming you had buyers tour the property or your Realtor held open houses, you should review the agent feedback you received from each prospective buyer. Oftentimes in the written agent feedback, buyer agents will not want to be negative, so it is worth having your Realtor call the buyer agents in order to gather more candid feedback. Your Realtor should ask what the buyers liked and did not like about the property and why they decided against putting in an offer.

The other items I would be asking or insisting on are:

• - Plan an open house and invite all the neighbors. They may know someone that wants to move into the area. Confirm all the major real estate search tools advertise your open house.
• - Have your agent email your new listing to all contacts in their database to drive additional interest.
• - Canvas the neighborhood with “Just Listed” postcards and advertise in community publications.
• - Have your agent create an email marketing campaign to send to all agents who are actively working with buyers in the area.
• - Submit the house to the broker housing tour.
• - Launch a targeted advertising campaign on Facebook, Instagram and other social media outlets.
• - Create a video walk-through and post it to the MLS, Youtube, and social media sites.
• - Ensure your agent posted the property to your multiple listing service ("MLS") and it has syndicated to all other real estate affiliated websites.

AND price it competitively.....