Relatable Oklahoma REALTORS: Recent Episodes
Stacey and Burl Stricker
What is it like to own real estate in Oklahoma? Oklahoma is prime for land and other real estate adventures. Join the Relatable Realtors Burl and Stacey Stricker as they set out to demystify the world of real estate. Whether you are a first-time home buyer, investor, or a realtor with years of experience this is where real estate is discussed and explained.
In this episode, we dive into the world of insurance claims and discuss the intricacies of homeowners' policies. Our guest, Warren Woodward, who is also Stacey's brother joined us. Warren has been in this business for over 20 years. He helps us explain the process of when you file a claim, what to expect when the adjuster comes out and how the entire process works. Hang in there with this on the episode we had some technical difficulties on our zoom.
Welcome to another episode of the Relatable Oklahoma Realtors podcast! Today, we have Stacey and Burl Stricker, the Oklahoma Relatable Realtors, joining us. They start off by sharing some interesting anecdotes about their experiences in the real estate industry. The conversation then steers towards auctions. The hosts delve into their recent auction experience. Stacey expresses her admiration for Burl's twin daughters, who enjoy thrifting and upcycling, and mentions how she thinks of them during the auctions.
The hosts conclude by expressing their appreciation for the relationships they have formed through their work and invite listeners to check out their website for more information. Thank you for tuning in to this episode of the Relatable Oklahoma Realtors podcast.
Welcome to the Relatable Oklahoma Realtors Podcast, where we discuss and explain the world of real estate. In this episode, we catch up with our hosts, Stacey and Burl Stricker. They talk about their busy year so far, with Stacey handling the flip house and Burl focusing on the real estate side. They also share their excitement about the flip house project and the blessings they have encountered, including finding supplies for the flip house at their Altus location.
In this episode, we have a conversation about the complexities of insurance claims and the importance of filing claims for potential damages. We discuss the experience of working in the real estate industry and how it has changed over the years. What to consider when you go to sell your home and filing a claim.
In this episode of the Relatable Oklahoma Realtors Podcast, hosts Stacy and Burl Stricker discuss a range of topics related to the real estate market. They begin by emphasizing the importance of answering calls in a timely manner and sharing personal experiences with realtors who didn't prioritize communication. The hosts also highlight the current market conditions, noting the low inventory in Western Oklahoma and the need for more listings in the area. They caution against overpricing and explain how interest rates affect affordability. The hosts stress the great time to sell, especially for those planning to stay in their current location long-term. Moving on, they discuss the importance of considering maintenance costs when buying a home and the impact neglecting maintenance can have on the home's value. They share personal experiences and highlight the costs of maintaining vacant properties.
The hosts emphasize the need for homeowners with vacant properties to seek assistance in managing and selling them. They underscore the importance of finding win-win situations and taking action rather than letting a house deteriorate. The hosts then shift the discussion to selling houses quickly and share their success with online auctions. They discuss the significant number of vacant houses in their area and the opportunity it presents for new agents to market to potential listings. They stress the importance of standing out in marketing and being consistent in social media efforts. Continuing the conversation, they talk about the challenges of overanalyzing oneself and the importance of focusing on content when making videos. They discuss their various experiences with different social media platforms, including the uncertainty of the long-term plan and value of LinkedIn.
They also mention the decline of TikTok and the changes in Twitter. Next, the hosts discuss their recent house flip project and the impact of TikTok videos in attracting buyers. They reflect on the importance of proper planning and budgeting for future projects. They mention their upcoming purchase of a new house, which will require additional renovations. They emphasize the need to be strategic in sourcing materials and control expenses. The hosts share their goals of improving the community and providing affordable housing options. In the final segment, the hosts discuss their transparency in sharing their goals and their desire to help people in real estate transactions. They share stories of successful deals and the satisfaction they feel in making a positive impact on someone's life. They tease a future project and encourage listeners to follow their social media accounts for more content. The hosts express gratitude for their listeners and invite them to like, review, and share the podcast. They also extend an invitation for anyone interested in being a guest on the podcast.
00:00:07 Introduction to the Oklahoma Relatable Realtors Podcast
00:02:09 Dealing with Spam Calls and Return Policy
00:06:02 The Benefits of Building Equity in a Home
00:09:56 The Challenges of Owning Vacant Homes
00:15:33 Exploring potential in empty properties for a follow-up podcast
00:17:31 Importance of consistency and persistence in marketing strategies
00:19:33 Overcoming perfectionism and paralysis in content creation
00:20:49 Building Relationships in the Real Estate Business
00:23:24 The Struggle and Value of LinkedIn
00:27:26 The Value of TikTok in Social Media Business 00:31:46 The Numbers: Selling Price and Budget Overages 00:33:12 Closing on a new house with additional renovations 00:35:09 Setting price point and considering adding another bathroom
In this episode of the Relatable Oklahoma Realtors Podcast, we are joined by Stacy and Merle Stricker, as well as my longtime friend Kendra Sims. We catch up on our personal lives and discuss the lasting friendships we have maintained since high school. Moving on to our careers, we share that we currently work for an investor in the Tulsa, Oklahoma market. we manage and oversee the remodels of his properties, and also participate in selling real estate and flipping houses. we discuss the challenges of the current housing market, such as inflated prices and higher interest rates, which have impacted profit margins.
Despite these challenges, we continue to strive for successful flips by finding ways to adjust my expectations and reduce costs. We emphasize the importance of hiring experts for quality work and utilizing discounts when purchasing materials. We then delve into the difficulty of finding reliable contractors and subcontractors, and the importance of scheduling them in a busy market. we share my experiences with various workers and discuss how we have adapted my approach to working with them. We touch on the importance of having a reliable crew and the challenges of scheduling contractors when demand is high.
Next, we discuss the process of purchasing materials for our projects and the importance of being mindful of where and when we buy them. We share anecdotes of overpaying for certain items and highlight the need for strategic purchasing decisions. We also discuss the benefits of having a place to store extra materials and the cost-saving advantages it provides. With regard to the real estate industry, we share my experiences as a woman in a male-dominated field and the initial skepticism we faced. We assert my knowledge and skills in property repairs and discuss how we have earned respect through personal involvement in the work and continuous learning. we talk about the importance of location in flipping houses and emphasize that the neighborhood plays a crucial role in desirability and selling potential.
We then move on to discuss the unique advantage of having off-market properties and the challenges that being a realtor presents when it comes to potential properties. We encourage showcasing our work and making it known that we are in the flipping business. We also touch on the benefits of other realtors bringing us potential houses, particularly when there is an emotional connection to the property. In terms of financing and making offers, we discuss the importance of building relationships with local banks for financing deals. we share my experiences with different banks and how some were more strict or required more paperwork. we highlight the significance of having a good relationship with a lender for a smoother process. We wrap up the episode by discussing the challenges of paperwork and financing in real estate deals and the importance of proper tracking and organization.
We also share our contact information and encourage listeners to reach out through social media. We express our appreciation for each other and celebrate our successes in the real estate industry.
- 00:00:08 Introducing the hosts of the Relatable Oklahoma Realtors Podcast
- 00:02:46 Long-lasting friendships and the rarity of friends from high school
- 00:06:15 The real estate market slowdown and Kendra's remodeling projects
- 00:09:21 Kendra's focus on location and adjusting profit expectations
- 00:12:30 Saving on Supplies and Materials
- 00:20:35 Overpaying for Local Materials
- 00:23:21 Struggles as a Female General Contractor
- 00:27:01 Challenging Stereotypes and Proving Herself as a Woman in Real Estate
- 00:30:15 Counting Flips: Yearly Progress and Forgetfulness
- 00:40:16 Kendra's Hilarious Stories and Business Page
- 00:42:48 Missed Exit: Elk City vs. Oaks
- 00:49:18 Finding Success in the Real Estate Niche
- 00:52:37 Managing Costs and Financing in Real Estate Flips
- 00:54:56 Creative Financing Strategies and Credit Card Use
- 01:03:31 How to Contact the Realtor
We start by discussing the state of the real estate market, noting the low inventory levels and stable prices.
There is a strong demand for properties with land in rural areas, while bidding wars and online property viewings are common in urban areas.
I then introduce Travis Holly, who shares his experience in the real estate industry. Travis talks about how his father started an auction company and how he eventually joined the business after pursuing a career in sales.
He explains the decision to add real estate to their services and their partnership with United Country. We also touch on the shift from live auctions to online auctions, which have become more convenient and less intrusive on properties. Travis mentions that they hold auctions frequently, usually once a week. They have recently auctioned off various items such as old equipment from a golf course, brand-new building materials, and UTVs and equipment from a property. Online auctions have allowed them to expand and thrive.
We then discuss the importance of hard work and persistence for new agents. Travis emphasizes the need for engagement, building connections, and seeking guidance from mentors. They have a strong support system in place with experienced brokers and auctioneers.
Moving on, we talk about their focus on marketing and promoting their hunting properties division. They started using the hunting properties concept internally in 2012 and saw great success in marketing and competing with other companies in the hunting industry. They realized that the hunting community values professionals who understand their lifestyle, and they began marketing this division, receiving positive feedback and increased traction.
Currently, they are in the process of completely rebuilding their website and are actively pushing their hunting properties division through various channels, including social media and trade shows. They have partnered with the National Deer Association and Midwest Whitetail to showcase their properties and provide exposure for their agents.
We discuss their collaborations and partnerships in the hunting industry, such as with the National Turkey Federation and the Wisconsin Waterfowl Association. They work with landowners to maintain wildlife and waterfall habitats and offer to bring in film crews to create a storyline that generates more listings and clients.
The conversation shifts to the effectiveness of billboards as an advertising strategy and the importance of exposure through various marketing channels. We explore the challenges of measuring the return on investment for billboards, particularly in rural areas where agriculture is the primary focus. They also use targeted mailers to reach potential sellers and highlight the value of their property.
There is some skepticism about the value of mailers but acknowledge that they do work based on personal experience. We then discuss the importance of consistency in marketing efforts and the long-term benefits that result from it.
One of their realtors shares a personal success story about receiving a call and making a sale almost a year after sending out a letter to out-of-state landowners. This highlights the potential high commissions that can result from consistent marketing efforts. We then discuss the benefits of a class for agents in the hunting properties industry. Understanding the language and specific features of hunting properties is crucial in appealing to the right buyers. We draw a parallel between specialized knowledge in hunting properties and other specialties like residential and commercial properties.
We conclude the conversation by emphasizing the importance of actually visiting and exploring the properties they list. Providing detailed and firsthand information about the property is essential for buyers, especially in the case of hunting properties. Agents who rely solely on pictures may struggle to answer important questions and risk losing clients to more knowledgeable agents.
As we wrap up, we discuss the tension that arises when a property doesn't sell while neighboring properties do. We stress the importance of being truthful with sellers and not taking listings solely for potential commission. Building a trusted relationship with sellers upfront avoids future complications. We also highlight the need to provide value to sellers and not just lower commissions. Building a strong digital footprint is essential for running a successful real estate business. We provide contact information for those interested in reaching out or learning more about their services.
- 00:00:07 Introduction to the Relatable Oklahoma Realtors podcast
- 00:02:22 Introducing Travis Omley and his real estate expertise
- 00:03:52 Transitioning from selling cars to selling real estate
- 00:06:12 Live auctions vs. online auctions: changing market trends
- 00:08:29 Different auction formats for different types of properties
- 00:10:25 United Country's culture of helpfulness and support
- 00:14:18 New agents are not alone, they have a supportive staff
- 00:17:30 Marketing Success and Google Analytics Buzz
- 00:22:06 Successful Partnerships in Real Estate and Hunting Industries
- 00:24:40 Collaborating with Wisconsin Waterfall Association for conservation efforts
- 00:27:26 The Effectiveness of Billboards in Advertising
- 00:31:50 Recognizing the Value of Hunting Land
- 00:37:45 The Power of Effective Property Marketing
- 00:43:23 Exploring the Highest and Best Use of Land
- 00:44:59 Seller's Disapproval of Alternate Use Discussions
- 00:45:23 Hunting Property vs Recreational Property
- 00:51:01 Don't Lower Commissions Without Providing Value
Someone who we know is making their next huge step. That step Matt is going to be a broker for the OKC / Yukon area. YAY!!!!
Lots of different discussions about the life of a Realtor. From chasing down calves to Driving around the world. Realtors do work for their pay. There is a lot of hustle.
So sit down and
This week we have the guys from Blue Ridge Land and Auction
We have Levi Cox and his cousin from
levicoxrealtor.com
Levi Cox Realty Facebook Page
VAauctionpro.com or Blue Ridge Land and Auctions
Youtube Channel
From singing to being on the police force These guys appear to be related to everybody. Yet it was such a fun discussion we had with Levi and his cousin. to see what their views of auctions in today's environment were insightful and a good time.
This week's episode is with Tammy McCollom over at McCollom Market in Hobart, OK
4th and Main
The Market building is an old building that has been around since before Hobart was a town. The fun and wonder of Hobart is that it is a small town Tight-knit community
The key point of Hobart is the center of the area.
So if you are interested in starting your own business and you want the incredible opportunity to be in a community that wants a small-town restaurant So come in look around and maybe you will want to buy.
From the start, Mike Duffy surprises Burl and Stacey not only does he listen to podcasts but he listens to This show!
Mike used his passion for marketing to take the company from a small group of realtors to the company it is today.
This week we have Clint of Hunter Angus Farms and the world of auctioneering. Clint explains why auctioneers have the title of Colonel.
They talk about what auctioneering is in the different aspects of the industry. What is the difference between car and livestock auctions and estate auctions?
Burl and Stacey talk about their experience at American Auction Academy. All the ins and out the tongue twisters and twisted tounges. Stacey and Burl learn that each auctioneer has their own style and rhythm and that it developed as time goes on.
This week we have just Burl and Stacey addressing what in the world happened in real estate last year.
Burls Year In Review
Started out hot but it has mellowed out
The interest rates are up and that slowed up the buying rate.
It caused people to stop wanting to buy so high over the asking price. So the market has stabilized a bit and now people are starting to buy again
safe cash period
A lot of government handouts
Lots of opportunity
A re-emerging of the 80/20 rule in financing
Stacey Take on The Year 2022
People are now going to pay closer to fair market value
The Need for Assets even in a down economy
The Flip House
Starting to invest in unique areas
The interest rate dipped slightly
What's going to happen in 2023
Save money
Read a book: The Goal by Eliyahu M. Goldratt
Invest in yourself
Talk finances
Learn to live below your means
Contact Stacey
Contact Burl
This week we have Sarah a Realtor and friend of Burl's when he was running a guest ranch.
Sarah was a project manager and went to real estate because she wanted to be able to raise her children. Sarah started real Estate in the Oklahoma City region, what has she seen as a realtor of a private firm?
This week we are talking money! Well more like the details of how you wrangle money together so you are able to by a home. TO do that we bring in Mortgage officer Blain Holt of Cross Country Mortgage.
A few of the topics discussed
- Closing costs and whether you can roll your closing costs into the note.
- Why Points don't help as much as you would like
- Different types of loans you can get from USDA, VA, and FHA
- How 80/20 comes into play.
- Why do people like Zillow but realtors don't
- Why do you want to get pre-qualified for a mortgage?
This week we have an old friend joining the show Catherine Black of Scissortail Resource Group is in the guest seat and Talking with Burl and Stacey.
This week we have Stacey's Business partner Payton at the table and we are discussing how these two found each other and exploring the hows and whys they got into real estate.
Do you fake it till you make it in Real estate? Do real estate agents fake it till you make it?
How is the real estate market in Oklahoma?
It is good and bad. There are not as many listings as Stacey would like to have. Right now THere are 78 houses for sale when they are use to there being around 200 properties that are for sale.
You have to prepare for the down turns.
This allows you to save and give your exposure more attention when everyone else is dropping off.
Why is the interest rate raise not that bad of a circumstance?
What do you know when it comes to selling your home
Why Customer Service is the important key to excelling at real estate.
Meet the realtors
We meet Char Silk
What to know about flip houses
Renting Section 8 housing
Two books Everybody needs to read
Hello and welcome to the first episode of
We get to know our Hosts Stacey Carnes-Stricker and Burl Stricker
Stacey started out in Norman and then migrated to Dallas from Big D to Elk City. She now is the Real Estate Broker for United Country Real Estate in Elk City
The topic goes from Buying to Property management
When it comes to being a property manager you have to be a realtor.
Burl and Stacey talk about the flip house they are working on and different each of the hosts looks at a piece of property and ascertains whether it is a good buy or not.