Posted by DP (ON) on September 18, 2004 at 12:36:19:
Agreed, not something you want to do if you can handle the workload. On the other hand, we only have 24 hours a day, there’s a point at which you run into a wall and you have no choice but to start hiring help.
When you do you can either pay them a salary or pay them a commission based on results.
Posted by jenny on September 18, 2004 at 10:05:20:
I have a question for all of you flipping retail properties or selling rent to own. How do you deal with showings? It seems like we are ALWAYS showing houses - we do five group showings a week, to three or four families at a time. It seems like there should be a better way! What do you folks do, and what are the benefits and drawbacks?
Posted by DP (ON) on September 18, 2004 at 10:44:16:
Screen those families! Be as positive as you can be that they’ve got the money and they’re ready to move into that house today. Also tell them to bring a CASH deposit if they don’t want to lose out.
Open houses can work. Personally I prefer a private showing to a SCREENED buyer, so I can properly answer questions and get to know them a little bit.
If you’re doing a lot of deals, you should consider hiring sales reps. They take the calls and show the house, and you split the profit.