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I wanted to give a quick update on our inherited property mailing list results so far. We still haven’t had the chance to mail all the letters yet (we’ve mailed almost 200), and we’ve already received about 11 calls so far. A couple people left messages saying they weren’t interested in selling, but were very nice about it. The other new calls received were about a couple properties already listed in the MLS and a couple new (unlisted) leads. The hard of hearing guy, and his son, called back again, too! We’re going to follow-up on these this week (I’ve already left messages for some to call me back). I’ve been very happy with the number of calls received from this list. Maybe it was the fact we hand-addressed and stamped the envelopes? We really hope the mailing results in a deal…and if it doesn’t this time around, maybe it will when we re-mail to this list in a few months.
We also looked at a few REOs on Monday…looking for some rehab/wholesale deals. However, the rest of the week was very unproductive REI-wise, since we had relatives staying with us to attend a funeral. So, we gotta get back into the swing of things starting tomorrow.
Happy Investing!
Sorry to hear that there was a death in the family, Steph 😦
As far as your direct mail is concerned, I’m glad to see you getting responses! Be sure to stay consistent! Just thought I’d share a link to my last BiggerPockets article with some tips I learned about direct mail: http://bit.ly/direct-mail-tips
Thanks, Shae. I appreciate the condolences.
Great article. Your tips are really helpful (as were J. Lamar’s). I am starting to put together an Excel spreadsheet of the calls I’m getting, responses, etc. Do you track your info this way? Is there something more slick out there that is useful for tracking your mailings/responses and their effectiveness?
Thanks,
Steph
Yep, I’m pretty basic and use spreadsheets 🙂 I’m sure there are slicker applications but whatever works, works!
Good to know! 🙂
Thanks,
Steph