Real estate investors make money buying and selling properties, therefore, if a property lead meets their requirements, they will be glad to pay real estate bird dog for their leads.
The following are some of the important tools that you need to get ready before starting your bird dog services: Map, forms, files, laptop, email, phone These are considered your basic tools that you just have to get ready before you take action.
Get a map of your neighbourhood and your area in the case that you need to refer to a map for the exact location of the properties for sale.
In the meantime, you also have to prepare relevant forms for recording property information that you will gather during your scouting.
A laptop will be useful particularly when you need to conduct your real estate and document search for immediate response.
Tracking system Putting in place your tracking system is as equally important as the basic tools.
Your tracking system should include property profile, investor log, property evaluation forms and your business expenses such as mailing expenses, gas for driving around your neighbourhood, phone bills and etc.
An investor log is to record the name of your investors, number of leads provided and sent, fee per lead and the date of payment and etc.
A follow up log would be useful if your leads are not accepted on the spot.
In conclusion, you should treat your real estate bird dog service as a business and put in the required effort in order to make it a successful one.
Meanwhile, you need to learn as much of the ropes of the business as possible from your investors.