Re: Personal coaching for real estate? - Posted by Frank Chin
Posted by Frank Chin on September 16, 2006 at 05:48:55:
“I’d say every student who wants to succeed with a coach can, except there are really ineffective coaches too”.
I originally thought that you were a student asking about coaching and I pointed you to an archived thread that talked about the “problems of coaching”. You had no comments to it, and now I know why since you’re a coach yourself.
One of the problems with groups like Sheet’s marketing coaching and then do the coaching in volume is finding ENOUGH QUALIFIED coaches to coach, and where do you find an “oldie”, like yourself, made a fortune in RE, willing to spend time in a small cubicle in a noisy room coaching making a little more than minimum wage??
Or you’re a solitary coach, with all the right credentials, and how can a student find you (do you market yourself) and compared you to the Sheet’s coaches, most who are not qualified??
>> You said:
“I’m surprised by what you said about students coming on the forum saying they have a mentor or coach. If it’s working, why ask questions here? If it isn’t, why not get a refund? I agree that’s weird.”
If you read the post from Sheet’s coach, a ChrisK, is not weird at all. Funny so many coaches named Chris.
To quote coach ChrisK working for Sheets about an incident while working at Sheet’s office:
— "John Behle’s post brought to mind a copy of a newspaper article they sent around to all of us about McCorkle and his wife going to prison. It quoted a witness/coach who worked for them saying, “when I asked questions about how to help a student with a deal, I was told ““if you think your being here has anything to do with real estate, you’re wrong–it’s about the money, nothing else””.”
According to ChrisK, things aren’t that rosey at the Sheet’s organization either. He recounts an incident with the coach at the next cubicle:
----- “Example: a coach sitting next to me (I’ll call Chuck) talked to me sadly about a man he’d been assigned who was about 79 years old. Every week when Chuck called him for his session, the man didn’t know who he was. Chuck said he went to our boss to say the man didn’t know he had a coach, didn’t know he paid $2500 on his credit card for coaching, didn’t know who Chuck was and wasn’t doing any assignments (wouldn’t make any money) because he didn’t know he had assignments. Chuck said they needed to refund his money. Chuck was told to call the man every week and “push him on through”. We were both sick about it–we thought it could be his food money, his money for heat or medicine, etc.”
>> You said:
“I don’t believe you have to know how to run a business or have managerial or leadership skills to get started making money in real estate. You only have to be able to learn the steps to take, take them and refine them as you go”
Business and managerial experience gives you the “big picture”, and “people skills” that is needed. Putting it another way, there’s a certain amount of general knowledge needed, though a bright lad just coming off the boat, who’s been a “rice farmer”, could probably do it too, with proper coaching. This is assuming he’s got the right coach, not the one working for “McKorkle”. Even you would admit that’s it’s an exception.
But what are the chances that someone off the street, no business knowledge, want to do RE, HAPPENS to bump into a QUALIFIED coach, not the ones working for Sheet’s and others who markets extensively.
If I was a layman, see Sheets on TV all day, wouldn’t I go for a Sheet’s coach instead of plain ChrisX.
“You said people who need to pay for coaching don’t have what it takes, and I hate the cliche, but Tiger Woods did have a coach and definitely has what it takes”
There is a saying “you have to know what do don’t know”.
Tiger Woods, and those benefiting from coaching know what they don’t know.
Unfortunately, many people with little business knowledge thinks they already know everything.
>> You said:
“I would ask how you’ve come to the conclusions you’ve shared? And I ask because it seems the focus with many people is on things that aren’t required to actually start making money. I’m wondering if anyone can accept that it doesn’t take time or inherent business skills at all?”
I hired a guy who is below normal in skills, and I’ve been trying to determine if it has to do with intelligence, education, or whatever. I tried to see if any coaching on my part would improve. But first I have to find out the guy’s problem.
The guy is not observant, and thus never acquired any general knowledge. Example is he was helpful in throwing boxes out that contained new telephones I just bought from Staples. I told him to keep one, and he gave me a puzzled look, and the cashier next to him shook her head in amazement. I ask the cashier to explain to him why.
She said “in case there?s a problem with the phone, you put it back in the box and bring it back.”
He smiled and said “oh, never thought of it”. In another conversation, he rented a new apartment, but didn’t recall if it came with an oven".
I asked him if he ever pays attention to anything other than what he has to do. For instance, if he hopped on the bus, does he look at the neighborhood he passes by to see what stores are there, the people sitting next to him, to for instance see if there’s someone looking to pick his pocket. He said no.
In order to do properly coach there has to be something the students have to begin with.
FINALLY YOU ASK
“Where do you think that’s coming from? Do you think it’s avoidance of coaching without understanding how it works or true preference for other methods?”
– For many professions, there are certifications and licenses, like CPA, RE Broker, CLU etc. Even plumbers and beauticians, my barber has a license. If there are no barber licenses, I?m even afraid to get a haircut not knowing what it?ll look like when finished.
To me, doing an RE deal is a bigger deal than a haircut. There are no licenses for coaches, so I can’t tell what the quality of coaching I get is the quality of a ChrisX or that of McKorkle (it’s the money)