How To Recession Proof Your Real Estate Business (Day 4)

Real Estate Training & Coaching School

Business, Careers

4.7 • 669 Ratings

🗓️ 26 January 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

This is Day 4 of How To Recession Proof Your Real Estate Business. When it comes to creating a diversity of income streams and recession-proof a real estate business consider offering property management or rental services in addition to traditional sales. Another strategy is to focus on building a strong network of referral partners and building relationships with clients to ensure repeat business. Additionally, staying informed about market trends and being able to adapt quickly to changes in the market can also help to mitigate the effects of a recession. WARNING: 2023 Housing Market QUESTION: Agents, Are You 100% Ready For 2023, Do You Have A Proven Success Plan? If Not, Do This: Join the #1 Award-Winning Real Estate Coaching & Training Program FOR FREE! Yes, This Includes Daily Live Coaching! Join For FREE Now. Reclaim Your Life & Break Free Of Worry. The Path To Success Is One Click Away. JOIN Premier Coaching For FREE Now. https://bit.ly/3aUimkh P.S. Limited Offer. This Is A Personalized, Live Coaching Program. Limited To 250 Agents. *We will also explain how to systematically approach each source, and recommend resources and discounts for you. LIKE and SUBSCRIBE AND PLEASE LEAVE A COMMENT: https://bit.ly/3NXGxNb FREE REAL ESTATE SALES TRAINING AND COACHING: Enroll NOW, FREE Real Estate Coaching and Training: https://bit.ly/3aUimkh EXP REALTY EXPLAINED: Tim and Julie Harris are one of the TOP EXP REALTY Sponsors in the world. We would love to be your sponsor at eXp Realty. Text TIM HARRIS directly to be sponsored by Tim and Julie Harris 512-758-0206. Our EXP Realty site: https://bit.ly/3NJTPwB * Completing the EXP Realty application now? Name JULIE HARRIS from Georgetown Texas as your sponsor! Watch this video: https://bit.ly/3QjYJCo and here is the application: https://bit.ly/3MKPw35 FOLLOW TIM AND JULIE HARRIS: Nations #1 Daily Real Estate Training Podcast: https://apple.co/3xJgofx YouTube: https://bit.ly/3NXGxNb Facebook: https://bit.ly/3twOBfM Instagram: https://bit.ly/3QjxdVF eXp Realty: https://bit.ly/3NJTPwB HARRIS Real Estate Coaching: https://bit.ly/3tvp0DI Our #1 international best-selling book: https://amzn.to/3tzHymr Free DISC Personality test for Realtors: https://bit.ly/3aUimkh MORE REAL ESTATE TRAINING VIDEOS YOU WILL LOVE: Peter Schiff Interview: https://bit.ly/3aXC1zN EXP Realty Explained: https://bit.ly/3mGBVyV Housing Bubble Popping?: https://bit.ly/3MK62A7 Housing Crash Survival Guide: https://bit.ly/3zxoyZD 5 Must Know Success Rules For This Market: https://bit.ly/3QeSbVv Real Estate Agent New Mortgage Rules: https://bit.ly/3zCjSld FAMOUS REAL ESTATE AGENT INTERVIEWS: 100s of interviews: https://bit.ly/3Qk85he Featuring: Fredrik Eklund: https://bit.ly/3NMDOpE Ryan Serhant: https://bit.ly/39fx6tx Jade Mills: https://bit.ly/3tvZQVC WHO ARE TIM AND JULIE HARRIS?: https://bit.ly/3mGOWbU "Our real estate journey began 30 years ago and we knew early on that we wanted to share our playbook to success. We've had the pleasure of transforming thousands of careers achieving success and financial freedom. We know what it takes and we're looking forward to meeting you so we can jumpstart your growth!" AWARDS: #1 Coaches in the Business by Inman #1 Coaches Agent Magazine 2022 #1 Podcast for Real Estate by FitSmall Business. #1 Residential Real Estate Podcast Motley Fool #1 Best Selling Real Estate Book: 500+ 5 Star Reviews, HARRIS Rules. amzn.to/3tzHymr EXP Realty Top .05% eXp Influencer. Alpha Group EXP Realty Copyright 2022, All Rights Reserved Tim & Julie Harris® Real Estate Coaching exp realty teams brokers exp realty coaching exp explained real estate investing real estate leads real estate market

Transcript

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0:00.0	Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.
0:10.2	This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.
0:18.2	What's really working in today's market, how to generate more leads,
0:21.8	make more money, and have more time for what you love in your life. And now your host, Tim and
0:28.3	Julie Harris. Three, two, one, and we are back. And today we are picking up on point number 16
0:36.2	and we're going to get through point
0:37.5	number 20. And what we're sharing with you are ways to, frankly, recession-proof your mindset,
0:43.0	your finances, your business, and your personal life without any further delay. Julie, point
0:47.1	number 16.
0:48.0	Number 16, get your head out of the sand. Don't assume that a changing market won't affect
0:53.1	you. Know what's happening in your local market in all price segments.
0:58.2	Not only does the country not move all the same like it used to for years,
1:01.7	but your town does not move the same in the same neighborhoods, price range, or zip codes.
1:06.1	So watch your MLS hot sheet and know what's hot and what's not.
1:09.4	Are your days on the market going up or down?
1:11.9	Maybe they are in a certain price range, but not in another price range. What zip codes or price
1:16.1	ranges are having the most price reductions? Do you see a lot of new listings or are the
1:20.6	existing listings just lingering? You know, inventory is growing, but it's not always because
1:24.7	we're adding new listings. Sometimes it's because the old ones haven't sold yet. This isn't directly related to point number 16, but you told me a story this morning
1:31.5	about somebody who listened to the podcast. We gave them the suggestion that they go to all the
1:36.4	local builders and find a list of all their standing inventory that was not in the MOS and finish
1:41.1	the story. Yeah, well, this was, let's see, Jen, near Baton Rouge, Louisiana.
	...

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