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All Forum Posts by: Account Closed

Account Closed has started 3 posts and replied 294 times.

Post: Social Media in Real Estate/Property Management

Account ClosedPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 300
  • Votes 417

Hey Madison! Everything I say below will obviously depend on your own audience, who you are specifically targeting with your posts, and what your goal is for being on social media (i.e. is it to network with others in REI, is it to bring in clients/market your services, etc.). I'll focus on Instagram in my comments below.

1) How often should you post on a feed (example: Instagram). How often do you post on an Instagram story?

For Instagram, you can definitely experiment with posting frequency. Some people swear by posting every single day. Those tend to be accounts with a very large number of followers. That works for them, but typically smaller accounts will have more of an issue of people unfollowing from posting too often. The sweet spot I've seen is about every other day (or about 3 times a week).

Instagram stories are a different game. You can (and should!) post stories often. This keeps you on people's minds. It's fast and less structured content, and people actually expect multiple posts per day on Instagram stories. 

2) What types of content do you recommend posting?

Again, this will depend on your target audience and goal. If your goal is to market yourself to potential clients, then share inspirational success stories (i.e. how did you drastically improve a client's life?). Before and after photos are always a huge hit when it comes to property rehabs. People also love to see faces, so make sure to include photos of you and your team, so followers can put a face to a name. See my answer to #5 below for more on content. 

3) Do you plan our your posts?

I've found when it comes to content, it's best to have a balance between having some structure, and then also leaving some room open to make non-planned posts based on the data you have from your last posts (what did people respond positively to in your previous posts that they'd like to see more of?). This could look like planning 2 posts each week, and then making a 3rd post that is planned for a certain day/time, but the content is chosen last minute. I think planning the exact days and times you'll regularly post is a good thing to do. You can look at your analytics and see what days and times your audience is most active, and then plan to post at those times each week. 

4) Do you use software that schedules your posts and posts them for you? If so, what do you use? Would you recommend it?

I've done this in the past, and it can be super helpful! I used Later, which worked pretty well. 

5) How do you increase engagement?

You want to focus on easy content that people want to save and share. Some examples are "Five things to look for in a property management company," "Three things to NEVER do when getting started in REI," etc. Whether you're creating a post, or a reel, it's good to start your post (or video), with something that will pique a follower's curiosity and pull them into the main focus of your post, and finally end with a call to action (usually something to encourage them to comment something below).

I'll also mention that Instagram's new Reels feature is a great way to boost engagement right now. Instagram is seriously pushing and promoting reels, because it's their response to the popular tiktok app. Their algorithm favors reels right now, so creating short and sweet 15 second videos is a great way to keep up with the algorithm, and reach more people with your content than you normally would.

Post: REO owned - Bank CALLED US to take it off their hands

Account ClosedPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 300
  • Votes 417

Always a good situation to be in when the bank is calling you to get rid of a property. Nice job!

Post: Just closed on my first flip

Account ClosedPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 300
  • Votes 417

Congratulations! Fantastic numbers, and it sounds like everything went pretty smoothly. What were some things you learned from your first flip? Do you have plans to do another one?

Post: Dealing with Tenants

Account ClosedPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 300
  • Votes 417

Hey @Daniel Brantley, like @Charles Carillo said, vacancy length really differs depending on many factors, so there's not one solid answer to that. We screen through an online service with a basic application (including pay stubs, etc.), along with a report that covers criminal, credit, and eviction history. You want to make sure you're getting as much info as you can, but also following local screening guidelines.

Post: Best CRM Software to use for REI?

Account ClosedPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 300
  • Votes 417

Thanks @Chris Levarek, that's super helpful! I like that focus on need, cost, and ease of use. I'll keep that in mind, thank you!

Post: Is it smart to drop out of college and invest in rental property

Account ClosedPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 300
  • Votes 417

I couldn't have said it better than @Frank Jiang. I would not recommend dropping out of school. Despite what some people may say, a college degree is very valuable for a number of reasons. Can you be super successful without one? Totally! But when you get a degree, you are setting yourself up for a higher chance of reaching success and more opportunities faster. It also gives you something to fall back on in case you decide to pursue a different path in the future. Also, like several other people have said, you can pursue both college and REI at the same time (even if it's just the initial pre-investment learning stages of REI)!

Post: Creative financing house hack!

Account ClosedPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 300
  • Votes 417

That's awesome @Kyle Stueven, congrats! House hacking can be super empowering, and I'm glad to hear that this has been such a good experience!

Post: Third Duplex - Cash Cow Investment!

Account ClosedPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 300
  • Votes 417

Congrats @Payton Pearson, this is awesome! I love the combination you're doing of STR and LTR to pay off the mortgage with a predictable LTR, and then bring in more money with the Airbnb side.

Post: How I achieved $100K annual cash flow in 2 years

Account ClosedPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 300
  • Votes 417

This is awesome, thanks for sharing, and fantastic job. I loved reading through how you got to where you are today. Super helpful and inspiring!

Post: Nonresidential Construction is about to take a dip

Account ClosedPosted
  • Flipper/Rehabber
  • Cincinnati, OH
  • Posts 300
  • Votes 417

Super interesting, and definitely makes sense!