SC101: Mark Hay. Representing Real Estate Investors. Seminars And Personal Financial Snapshots. Adding Property Manangement. Expanding Into Commercial. Why Telephone Prospecting Is Best Source Of Business.

Mark Hay SUCCESS CALL

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Download FULL Running Time: 1:18

Website:

MarkHay.com.au/

Background:

Mark Hay is with Mark Hay Realty Group in East Perth, Western Australia. Last year he closed 179 transactions with a total sales volume of 79 million and manages 800 rental properties. His average sales price was 444 thousand of which 39% were buyers and 61% were sellers. He has an 8 member team: 1 personal assistant, 1 sales assistant, 5 property managers, and 1 team leader.

Mark Hay is the team leader of the Mark Hay Realty Group. He’s been an agent for 29 years. In his best year (2007) he closed 222 transactions worth 38 million.

In this call, Mark talks about:

  • Leaving school at 17 to start a milk vending business
  • Becoming a real estate investor and a paper millionaire by 21 … then immediately losing it all in a market downturn
  • Leaving real estate for 5 years to travel, explore the country, and work at odd jobs
  • Becoming a real estate agent at 26 and focusing his career on small “mom and pop” real estate investors
  • His monthly real estate investment seminars and personal financial snapshots
  • Offering “all-in” full service brokerage and property management to investors
  • Niche geographic farming investor condos
  • Why telephone prospecting is his best source of business
  • Expanding into commercial projects, land deals, and working with developers
  • Competing in Iron Man competitions with his 21 years old son and travelling the isolated desert Gunbarrel Highway with his teenage sons on motorcycle
  • Team dynamics, profit margins, and more

2014 Stats:

  • 179 closings
  • 79 million sales volume
  • 8 member team:
    • 1 admin assitant
    • 1 sales assistant
    • 5 property managers
    • 1 team leader

Niche:

  • investors
  • seminars & workshops
  • geographic farming
  • repeat & referrals
  • past clients
  • sphere of influence

(originally published on 03/07/15)