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		<title>Improving Follow Up &#8211; Another form of Leverage</title>
		<link>http://www.financiallyfreelandlord.com/improving-follow-up-another-form-of-leverage/</link>
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		<pubDate>Tue, 11 Nov 2008 03:49:22 +0000</pubDate>
		<dc:creator>Scott Nachatilo</dc:creator>
				<category><![CDATA[Property Management]]></category>
		<category><![CDATA[Add new tag]]></category>
		<category><![CDATA[rent to own]]></category>

		<guid isPermaLink="false">http://financiallyfreelandlord.com/?p=61</guid>
		<description><![CDATA[I focus on selling properties on rent to own or owner financing.&#160; There are lots of reasons to do this over stricktly offering your houses on a rental basis.&#160; Recently, we had several properties available -&#160;we had eight vacancies.&#160;
Usually, we only have 2 or 3 available at any one time.&#160; That was starting to concern [...]]]></description>
			<content:encoded><![CDATA[<p>I focus on selling properties on rent to own or owner financing.&nbsp; There are lots of reasons to do this over stricktly offering your houses on a rental basis.&nbsp; Recently, we had several properties available -&nbsp;we had eight vacancies.&nbsp;</p>
<p>Usually, we only have 2 or 3 available at any one time.&nbsp; That was starting to concern me, so I mapped out the highest leverage steps in the sales process.&nbsp; In other words, the steps&nbsp;in which we could make the biggest difference in getting these houses sold.&nbsp;</p>
<p>The better you can leverage (i.e., getting more with less) ALL the assets you have, the more profitable you will be as a real estate investor.&nbsp; Improved leverage means you can make just a small, incremental improvement that translates into a huge improvement in your results.&nbsp;</p>
<p>One of the highest leverage points was follow up.&nbsp; So I sat down with some scratch paper, and wrote down on that piece of paper, &quot;how can I use follow up to make the biggest difference in making sales?&quot; Here is what I came up with:</p>
<p>1) First of all, we log in the name and phone number of everyone who takes a look at one of our properties.&nbsp; On average, that amounts to about 15 showings a week.&nbsp; We can call everyone who called to looked at a house in the last 30 days once each week to find out if they are still looking for a house.</p>
<p>2) Call back everyone who has left a message at least 3 times if you don&#8217;t get them on the telephone.&nbsp;</p>
<p>3) Call back everyone who has looked at a house the very next day to answer any questions. Using these three simple steps, I had all but two properties sold within 2 weeks.</p>
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