Posts Tagged ‘real estate coach’
Are Fee-Based BPOs REALLY a Good Way to Get REO Listings?
I guess if you're into a lot of cruel self-punishment and are too spineless to get out there and get yourself some face time with Asset Managers then your answer might be NO....but if you want to be an REO Rockstar then you'll delete every damn fee-based BPO request the minute they hit your email and immediately set your spam filter to kill it automatically the next time it finds it's way to your inbox! OK listen, there are a lot of people who make a living doing these things.. a healthy living? I doubt it.
SLOW Reimbursements on REO Expenses...Some Firms Just Don't Get It!
It's a very tough thing to turn down business. But as a mentor of mine once said after listening to me bitch about a client; "You CHOOSE your clients Bubba". What I'm trying to say is that while it's very easy to get caught up with a client who seems to be sending you a ton of business, is that it's equally as easy to get "taken" by that very same client. You have to be EXTREMELY mindful of the "give and take" role that both you AND the client should have in your business relationship. While it always seems that you, as the broker, are held to strict deadlines, the unscrupulous client seems to just "get to things" whenever he or she "gets around to it".
Are You Inspecting the RIGHT REO Property? Practice Preliminary Diligence
Often an new REO assignment comes in the form of an email with an address and asks you to "check occupancy". A good practice is to reference the tax records for the subject property BEFORE you perform your initial inspection. Every once in a while you'll find that an address has been "changed" or that a property is actually a group of properties (such as a quad or duplex).
