Learn Office Management for REI Business
- Set up Deal Folders – “Seller Side” and “Buyer – Tenant Side”
- Seller Side include cash purchases, sub2, land contracts, lease option assignments, sandwich lease options, wraps purchases, etc.
- Buyers could be FHA buyers, investor buyers, land contract buyers, and lease option tenants
- Have Job Descriptions
- On the seller side, there should be a marketing manager, whose job is to find motivated sellers and set appointments for the closer (could be the same person)
- Ideally, get a virtual assistant to get the lead and Screen the lead and set the appointment for the closer.
- One the Buyer side
- Investor Buyer Disposition
- FHA Buyer Disposition
- Land Contract Buyer Disposition
- Lease Option Tenant Buyer Disposition
- On the seller side, there should be a marketing manager, whose job is to find motivated sellers and set appointments for the closer (could be the same person)
- Owner deals PRIMARILY with negotiations with Sellers and getting Private Lenders & Joint Venture Partners
- Assistant works on lead generation and marketing and coordinating closings.
- Set goals for activity – cold calling motivated sellers and agents.
