What Kind of Phone Call do I want to get?
I've heard of a couple people talking about FORD - Family, Occupation, Recreation, Dreams - and that's what they use to cultivate relationships with their clients.

I think it's on the right track, because it's important to let your clients know that they are more than just your commission. But I think it's even more important to be genuine.

I don't think that many RE Pros can pull that off. To be honest, in my experience, it hasn't rubbed me the right way when an agent gives me "a call" for just whatever reason. It's nice if you already have an existing relationship with your clients, but it doesn't always come across that way to investors.
One Instance I can think of:
I was busy one day, and I got a call from an agent I used to purchase an apartment. I had only dealt with this person once, almost a year before. Out of the blue, this Agent was on the phone with me for like 10 minutes (I'm not a phone person) - and was asking me all these strange questions and I just did not know where they were coming from. I only knew him for a couple hours during a property sale, and suddenly this agent was asking me weird questions like "how's your family, etc..."
I was not close enough with this person for him to be asking me questions like this. He kept going on and on, and I said that I had to go, but he managed to let me know by the end of the phone call that there was a property I might be interested in. That was not cool... It was not genuine, it was indescribably eerie, and there's just no way I would have ever dealt with that agent ever again. Had he called me, asked how I was doing, and then shared the investment idea - then there's a chance I would have been all ears. But I was so put off by the end, I just wanted to hang up. It was clear to me that he did not have my best interest in mind, especially because he was asking me about things that I know he did not genuinely care about.
Now, Consider this Situation:
An agent that I had used 10 months previously - called me one day out of the blue (around tax season) to ask if it was OK to send my HUD statement to me in the mail. I said "what for, I already had a copy"... She said that there were some expenses that I would want to account for to help me on my taxes and that she would underline the line items and send depreciation instructions for my accountant. I said great! She called me a week later to make sure if I had received her letter, I said yes, she said great. She told me that if my tax person didn't know what she was talking about, she would be willing to explain to the tax person, and she also said that she had some nice people if I didn't have my own tax person.... With that, she told me to have a nice day, and she ended the conversation... I was stunned, no pitch!
A few weeks later, after I did my taxes, and after I realized how much money she saved me, I called her to thank her for helping me out. She told me not to mention it - this was something she did for all her clients. Then she asked me if everything else in my life was going well, and I told her it was. She mentioned something about the crazy weather we had been having, and it sparked a conversation with me over the next half hour (we were talking about how it would suck to go camping, as I had planned). The end result was that I made an appointment with her to look at some new properties.
Over the last 5 years, I have used this agent 7 times and have given her more than 10 referrals. Now she calls me up every now and then (happy birthday, happy anniversary, Do you want to go with my family to our cabin in Tahoe), we never talk about business! So I invite her to my barbecues - and that's when I approach her to ask about new deals I may be interested in - I set an appointment, and see her later in the week.
Now that's the kind of relationship I want to have with my agent, and I cannot stress enough. THAT is the way to succeed in the Real Estate Business - cultivate long term relationships with your clients, and the business will follow!

PS: Our Property Management Software makes it easy for tenants to Pay Rent Online, and it is super cool.

Cooler than the president watching me on TV.

And that's pretty cool... Read more at our Blog!

 
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6 Comments on What Kind of Phone Call do I Want to Get?

FEB
27
2008

This is exactly what all of us should be doing. She found the secret to networking.

I am in a BNI group and they focus on one on one meetings and getting to know the individual before you can refer others in earnest. It's all about trust.

3:23pm • #1
538,692 Points 45 Featured Posts Outside Blog
I've found that the best way to cultivate a new relationship is to give something of value. The "salesmen" I remember over the last decades were people I enjoyed being with, who brought me (or sent me) information I could use. Just like the agent you mentioned - the relationship comes first, then the business.
5:44pm • #2
FEB
28
2008

Tara, I agree...  She really did find the secret to networking, and it's all about building trust... and you can't do that without being genuine.

Sharon, you should be on the front page of ActiveRain! More people need to read the things you write! All I can say, is BINGO!

12:03pm • #3
MAR
07
2008
321,723 Points 8 Featured Posts Outside Blog Hit Router
Good insight there. It's easy to spot a fake interest in you or your personal life, and it drives me nuts too. We have one mortgage broker who stops in the office regularly to chat us up, and I have never divulged personal info to her. I've never had lunch with her or gone out with her somewhere. Last time she stopped in, she started quizzing me on how my husband was dealing with me opening my new business and if it had affected my marriage/family life. WHOA! I cut her off cold. That's a personal conversation to be held with a friend. A close friend!
1:32pm • #4
MAR
19
2008
7 Featured Posts Localism Sponsor
Hi Niman,not sure what you do...but we might need to talk?  I have one of the largest group of investors in the US.  Try scuba you will love it.  I'm 60 and it's the only thing I've ever done where I was totally in the moment!  Liz
8:51pm • #6
MAR
20
2008

Hi Liz,

Here's a PDF with some more information. And here's a link to the free Partner Program.

Oh, and snorkeling is on my list after sky diving!

1:29pm • #7

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Niman @TReXGlobal.com

Fremont, CA

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