The “Columbo Close” Will Live On

I was saddened to hear of the passing of Peter Faulk. His character Columbo was one of the greatest in TV history. I was turned on to his early 70’s show through late night reruns during college. Everyone was obligated to do their best Columbo impersonation.

Columbo was a “dumb like a fox” murder detective. During an interview, he would use a great technique to obtain more information from a suspect. At the end of the interview, he would announce that he was leaving the
room. The suspect would become disarmed and let their guard down. As he put his hand on the door knob to open the door, he would spin around and hold his other hand out and say “Just one more thing” as if something had just come to his mind. He would then ask a final question that he could not get answered earlier in the interview. Since the suspect’s guard was down, they would usually provide an answer that would give away a clue that
would lead to their guilt. Columbo was no fool; he always knew what he was doing.

This Columbo close has been replicated in the sales world for years. Now if you make your living in real estate – you are in sales. Here is how it works. Let’s say you are with a prospect attempting to get a listing or buy their house. You have explained all the benefits of working with you, and how you are the person to solve their problem. You have done everything you could think of, but you can’t close the deal, and you don’t know why. Continue reading

Posted in Investors, Real Estate, Realtors, Rehabbers, Short Sales, Uncategorized | Tagged , , , , , , , , , , , , , , , , | 5,755 Comments

Why my Virtual Assistant is Fabulous

In my last blog post I mentioned that we have to outsource tasks that can be done cheaper and more efficiently by others. I have an assistant in my office that performs the tasks that need to be handled in person – answering my phone, faxing, scanning, managing my direct marketing campaigns, etc. Now I know some entrepreneurs who are able to outsource all of those tasks to answering services and mail houses. I choose to keep those in house. Sometimes it is just easier to hand the task to the person sitting right next to you.

Continue reading

Tagged , , , , , , , , , , , , , , , , , , , 4,901 Comments

How Much is Your Time Worth?

I was getting so overwhelmed with mundane, day to day tasks, that I was neglecting the more important tasks that would really grow my business. I thought I was being productive by keeping busy performing data entry, book keeping, faxing, scanning, creating spread sheets, etc. These tasks could have easily been done cheaper by someone else.

That reminds me of the two sales people who were congregating at the water cooler at the end of the day. The one salesman said to the other, how was your day? Well, I was really busy. I mailed 10 letters, I returned 15 emails, I faxed 10 documents, I ordered new business cards, and I created a new spread sheet. The other salesman said – yeah, I didn’t have any sales either.

Continue reading

Tagged , , , , , , , , , , , , , , , , , 6,238 Comments

What are You Prepared to Do?

What are you prepared to do?

That was the question Sean Connery asked Kevin Costner in The Untouchables. Costner’s character wanted to bring down Al Capone. While talking in a church, Connery tried to find out how important that goal was to Costner, and to let him know what would have to be done to accomplish it. As a Real Estate professional what are you prepared to do to take your business to the next level?
My favorite scene is towards the end of the movie when Connery’s character is dying. With blood dribbling out of his of his mouth and body, he works up the energy to ask Costner one last time “What are you prepared to do?”  Wow, now that is focus!

Continue reading

Tagged , , , , , , , , , , , , , , , , , , 6,529 Comments