Recently moved to a new city (Tigard,OR) out in the Portland metro area. Have no sphere of influence out here, because I am from Utah and was licensed in Utah before moving to Oregon. (Still licensed out there just on active referral status) I only had one transaction out in Utah, so I don’t have very much transaction experience at all.
My partner and I moved out here for his career (property management), and ironically dreamed of living in Oregon or somewhere in the PNW before the opportunity came up. Finances are tight with only him working, due to the fact I am trying to build my business and am not bringing in income. He is understanding, because I pushed him into the property management industry and was supportive as he had to go through job changes, low pay, etc. while he was entering into the industry until he finally landed on a good paying job out here in Portland. However, even with him being supportive and understanding I am very conscious of the money that is going out, the stress it has put him under, and the lack that I am bringing in to our household so I feel bad.
Before getting into real estate I was a manager and head of the quality assurance department at a call center, and never had issues paying my bills and was pretty financially sound. Things have been a bit unstable since deciding to pursue real estate which was to be expected, but it’s definitely been a rollercoaster. I am unsure if I should join a team, or get a morning/night job while pursuing real estate full time and leaning on my brokerage’s mentor that they have for new agents to guide me so that I can at least bring some income in and pay for my signage, photography, marketing, etc. while I build up and not have to ask him for money which I feel guilty doing.
Since I have little transaction experience, no sphere of influence in a new state, and limited income would it be more beneficial for me to join a team so that I can use their signage, photography, marketing, and most importantly have hands on experience like shadowing, having them listen on my calls, and watch how they hold listing and buyers presentations? It sounds good in theory but curious to know if anyone has had any bad experiences with joining a team. Not worried about the splits, because getting the ball rolling and having good coaching and support is more important than the splits if it ends up being what I hope.
However don’t want to pay someone a split if they are only going to hand me a script and stick me in the corner to make calls with no support. I’ve made thousands of calls in my life especially given my previous industry, so I am comfortable making them. Would like to watch someone else doing it at a high level and converting and have them guide me through my calls because I am just going based on scripts I have picked up and YouTube videos of live cold calling sessions. Also really want to service my clients at a high level so I want to make sure I have the right guidance for when I am handling the transactions so it feels as smooth as possible.
Have done open houses out in Utah and was door-knocking 100 doors per open, circle calling, posting on social media, running Facebook ads for the open house, handing out flyers, asking if they knew anyone looking to make a move or if they were looking to make a move, keeping in touch with my sphere, but I still was not converting clients and maybe that was due to me not giving my pipeline enough time to come to fruition before moving out here or having a conversion problem from not saying the right things but I wasn’t able to get any transactions from any of those efforts before moving out here unfortunately.
Thanks for the help in advance and sorry if it was a long read.