5 • 743 Ratings
🗓️ 19 February 2025
⏱️ 8 minutes
🧾️ Download transcript
Welcome to Loan Officer Freedom, the #1 podcast in the country for loan officers, hosted by Carl White.
In this episode, your host, Carl White dives into a crucial question: Should loan officers market to renters at apartment complexes?
While understanding the market is interesting, Carl emphasizes that your marketing strategy is what truly dictates your success in closing loans.
He shares insights from a recent conference and explains why targeting renters can be a challenging and time-consuming approach.
Instead, he advocates for focusing on motivated buyers who are already ready to take action.
If you're ready to start attracting the right kind of business and want to learn simple techniques to build your own well of steady referrals, visit wantmoreloans.com to schedule a call with Carl and his team.
Schedule a one-on-one free coaching call, click here or visit LoanOfficerStrategyCall.com.
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0:00.0 | Hi, Carl White here and welcome to another episode of Loan Officer Freedom. |
0:12.0 | Hey, this is the podcast where we know the market, while interesting, doesn't really matter. It's your marketing that dictates how many loans |
0:25.1 | you close not what the market's doing knowing about the market's interesting but it's |
0:29.9 | doesn't it doesn't it doesn't it doesn't it doesn't it shouldn't have anything to do with how |
0:36.0 | many loans you're closing so anyway hey I wanted to share with you something that came up at a recent |
0:41.9 | conference one of the I just got back from speaking at one of the state |
0:47.7 | conferences by the way if you can ever like the state conferences I think I'm |
0:53.9 | going where am I going next I think I'm |
0:55.8 | going next to the Ohio lenders association up there if I remember right |
1:01.5 | awesome group of people anytime you have a chance to help those people out |
1:06.8 | boy they're these state associations they're really good people and thanks to them that we still |
1:12.3 | have an industry to come back to. So they're fighting for our rights and they're on our side |
1:16.8 | with the lobbyist in Washington. So anyway, I just come off stage and a really nice loan officer |
1:24.5 | came up to me and asked, hey, Carl, should I be marketing to renters at apartment complexes? |
1:30.3 | And that's a great question, right? Great question. So let's talk about that for just a minute. |
1:36.3 | So here's what I shared with her. I told her, like, the biggest challenge when you target renters is that you have no idea when they're ready |
1:45.0 | to buy. |
1:46.6 | And that creates a two-step uphill battle. |
1:49.8 | So number one, you have to convince them that buying a home is the right move. |
1:54.2 | That's kind of a duh thing most of the time, they're going to be there for a while. |
1:57.6 | So you've got to convince them that buying a home is the right thing to do. And then step two, you have to convince them that you're the lender they should work with. |
2:05.6 | Now, I don't know about you, but like, that's a lot of convincing. |
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