The Science of Real Estate Networking

This episode is about networking for Real estate investors. Weirdly, this topic rarely gets the same methodical and scientific attention that other aspects of the industry do. In this solo episode, Terrie discusses the importance of networking and explains - in a nutshell - her methodology for growing her own network. 

Highlights include critical aspects of networking that receive little attention, for example mapping contacts by profession to identify potential synergies and mastering the 'Business Development Meeting’. Increase your understanding of the science of networking and gain maximum impact for your long-term investment outcomes!

Terrie also provides insights on how to shelter yourself from opening your network to the wrong people. 

What we learned from Terrie Schauer in this episode:

- Why networking in real estate is not being talked about in a methodical and scientific way.

- What you should realize about networking. 

- What is the ‘Prospecting’ phase? … and how to do it the right way. 

- How to proceed to the ‘Business Development’ phase in networking. 

- How to prevent yourself from opening your network to the wrong people. 

Success Quotes:

“Networking needs to happen in sort of a mutually beneficial way.” -Terrie Schauer

“The goal is to really go through what that person is looking for in terms of growing their business, and then to explain to them what your goals are.” -Terrie Schauer

“If you send someone business or if you connect with them, they will keep it in their mind, and you will have a positive checkmark next to your name that will pay you back over the long term.” -Terrie Schauer

Timestamp:

00:00 - Intro

00:35 - What’s the thing that doesn't get talked about enough in a methodical and scientific way in what we do in real estate? 

01:53 - Terrie explains how you can connect and identify people who have a common business interest. 

05:44 - Terrie discusses why you shouldn’t randomly refer or open your network to people who are not vetted.

08:15 - Things you should look out for from our podcast. 

09: 14 - Outro

Connect with Us:

Facebook Page: https://www.facebook.com/restateinvestorsclub/ 

Email: reic@clubimmobilier.ca 

Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/ 

Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/ 

Terrie Schauer’s “Mindful Landlord” book: https://mindfullandlord.com/