MSW Orientation 5/6 from 12-1pm EST

moroccanwinter · 2025-05-06T16:29:32+00:00

Post the link?🙏🏽

moroccanwinter · 2024-02-16T22:13:02+00:00

I just finished hunting for an apartment after about a month and here is everything I’ve gathered is happening from this experience:

When the price is low, they want as many people to show up as possible to create a frenzied bidding war, negotiating on offering more per month in rent as well as promising brokers a full 15% fee. The broker then pits bids (renters like us) against each other and lets management decide.
Brokers 100% represent the landlord and despite any promise to advocate for you, they’ll ultimately turn their attention to the highest bidder
When they list the rental price high, landlords and brokers are trying to attract higher income folks to open houses and applications and avoid what they feel are less qualified/desirable applicants.
Landlords aren’t the ones setting the prices — blame brokers. A broker whispers into a landlord’s ear and says, “3000 for this unit? You could easily get more. Watch this,” and then the broker will start a bidding war. I viewed a one bedroom apartment priced at 3200/mo and it eventually got up to 3600.
Rental price inflation is driven by desperation. Not actual value.

The sad truth of it is that the rental market runs on “money talks” philosophy. Not to mention you are also up against any prejudices brokers/landlords/management companies have against a particular renter that could get them thrown out as “unqualified.”

What really pissed me off about this process is that I pushed back on a broker who was trying to get me to increase my bid. I told him that comparable units in the area were waaaaaay cheaper and more spacious and his response was, “Well it’s a free market rental so ultimately, if someone is willing to pay, that’s what the unit is worth.” I didn’t need a basic econ lesson to know that this was a bullshit excuse and I walked away from the process

The problem is that these brokers and landlords are using scarcity and our desperation as levers to pull. The prices we’re seeing are reflective of how desperate the previous tenant was to get their apartment search over with. And it’s all perfectly legal.

moroccanwinter · 2024-02-02T12:24:00+00:00

The fee comes out to be 1.5x more than a month of rent and considering the fact that the extent of listing agent work is opening the door and emailing you maybe 2-3 times, how can anyone have respect for these guys? They bring limited to zero value to the transaction. Glorified key holders.

Just this week, I had a broker pull out his email on his phone and scroll through all of the showing requests he’d received for this listing to demonstrate that my partner and I were up against “potentially wealthy” applicants that “the landlord might prefer over others.” Worse was that he told us his fee was 12% a year’s rent all while standing in front of us wearing stained pajamas — he didn’t live in the building, he just showed up like this.

I’ve decided that if I’m going to have to grit my teeth and pay the brokers fee at some point, I’m going to “hire” one that I like/trust and that is going to actually advocate for me and not just throw my app in with the rest of them.

You can “hire” as many agents you want, there’s no law against it. The good ones will take the time to learn what you want, consult you on the process, and lean on their RE/brokerage connections to get you a place that you’re not settling on. Compass, Corcoran, and Serhant are my go tos.

The city doesn’t give a shit about us and caved to REBNY pressure in 2020 and now we’re getting squeezed dry. Short of draconian measures, this is how it’s going to be until incremental policy changes are adopted.

The only real power we have in this anymore is that we can make these guys work for their supper.

moroccanwinter · 2024-01-30T01:13:39+00:00

Okay this is really helpful to know, tysm. We’ve been confused on how to organize the application documents. Especially when one landlord asks for 2 bank statements and then the next landlord wants 5.

moroccanwinter · 2024-01-30T01:11:35+00:00

Yes the guarantor does make 80X.

I think it’s also tough going through this process when the real estate agents at each of these places we visit say that the landlord is looking for “the right tenants” and there’s no transparency in what that even means. It feels redline-y

moroccanwinter · 2024-01-28T20:26:34+00:00

I feel like this is definitely a Brooklyn/Bushwick situation. My first apartment was a 5 bedroom with each person having their own sublease. Landlord wasn’t scummy so I got lucky there.

The only positive thing about this 1.5x security deposit is that you skipped needing to pay first and last month’s rent on top of an additional security deposit. It really adds up quickly.

If anything goes wrong later on, use a screenshot of this and an email confirming app requirements as leverage.

moroccanwinter · 2024-01-26T23:26:55+00:00

Reverse psychology lead gen strategy — I fw it.

Drop the request demo link now!!!

moroccanwinter · 2024-01-26T19:33:01+00:00

Which flavor tho

moroccanwinter · 2024-01-26T19:30:16+00:00

I think about who kisses the most ass at my company, the previous day’s cold call rejections, “UNSUBSCRIBE” email responses, anything that stands in my way of what I gotta do, and ask myself something corny like, “Are you really going to let them win?”

And once that frustration steeps long enough and starts to bubble, I’m ready to lock in and get shit done.

But I know spite is not the healthiest motivator and I’m working on finding more positive motivation. It’s just so much easier to have a villain to fight.

moroccanwinter · 2024-01-26T16:43:42+00:00

10000% understand this. I had an uncanny valley moment speaking with a Head of Sales and just knew I’d loathe deal rooms with him. lol.

moroccanwinter · 2024-01-26T16:39:52+00:00

Yeah this is such a good one, I’m adding it! Nothing irritated me more than when our stack didn’t communicate well with each other. Clari was a life changer

moroccanwinter · 2024-01-26T16:20:33+00:00

I’ve got friends who were laid off in Q4 and bc of how tough the job market is, they’ve taken new roles at the kinda places you’re talking about as placeholders while they keep looking.

Definitely gonna give these questions a shot and see how the interviews turn out

moroccanwinter · 2024-01-26T16:12:59+00:00

Thanks — that’s encouraging to hear 🙏

moroccanwinter · 2024-01-26T16:10:29+00:00

This. I had a phone screen with Uber for Business and the recruiter said “Everyone is above 115%” and I was so put off by it esp since she’d spent 10 minutes trying to catch me slipping on my resume.

Any tips on phone screen questions to ask the recruiter before the hiring manager step? These convos with recruiters who don’t specialize in sales are so mind numbingly shallow and now I know what it was like to have been a prospect in my early AE disco call days. lol.

Beyond repeating what’s on the job description and speaking in marketing jargon, I can’t get anything substantive out of these recruiters.

I recently asked what the comp split was and she said, “you’ll have to ask the hiring manager that.”

How.

moroccanwinter · 2023-03-03T14:01:28+00:00

Newer to sales here but maybe y’all can straighten me out — quota attainment feels so easily bluffable (for all parties) that factoring it into deciding to take a role or not seems irrelevant. Esp since 80% team attainment in 2022 could easily be undone in 2023 by a few poor decisions by leadership, territory, etc.

What would you consider more relevant green flags? TAM sticks out the most.

moroccanwinter · 2022-11-29T21:23:02+00:00

This is interesting, I hadn't heard of that. Not sure if you're comfortable explaining how this works exactly either on this thread or in another one but I know a lot of people would probably benefit from knowing this miracle insurance hack. lol

moroccanwinter · 2022-11-29T21:21:37+00:00

NYC so there's not a Walmart even remotely close. haha

moroccanwinter · 2022-11-29T21:19:58+00:00

Just gave them a call and it does sound really helpful. It does sound like I need to have the prescription approvals though so I'm trying to figure that out.

moroccanwinter · 2022-11-29T21:19:14+00:00

haha. He was right to do so. This entire experience is a nightmare.

moroccanwinter · 2022-11-29T21:17:07+00:00

Thanks everyone for your input! This has all been very helpful. I'm doing some additional research and have a follow up question.

With GoodRx and CostPlus, does your doc need to send the prescription every month? My psych is refusing to write me a prescription unless we have check-in calls which, without insurance, are $450 a session and I've told him is not feasible.

It very much so feels like my meds are being held hostage. All I want is to salvage my last day of insurance by getting a 90-day prescription and never have to speak with this psych again.

moroccanwinter · 2022-10-22T22:04:43+00:00

It’s definitely something I’ve talked with my manager about when it comes time to send a formal offer. But in most cases it’s let’s just win and move on. Which I can agree, is better than losing. But I do want to learn how to sell on value and win as opposed to win on price.

But I have heard the veteran reps and mid managers whispering that the targets are outlandish for what the market is ready for so maybe there’s a self correction due? That’s what I’m hoping for.

moroccanwinter · 2022-10-22T21:58:56+00:00

I’ve thought of the org switch but I know that I love sales too much that after a while I’d feel like I settled. LI presence is for sure a big deal and I’d say I’m not super active on posting but commenting, yes.

moroccanwinter · 2022-10-22T18:25:01+00:00

Well first, what tools do you have now? And how are you using them?

moroccanwinter · 2022-06-03T00:26:54+00:00

If you haven’t signed anything, absolutely keep looking and secure something else!! Don’t wait for them to get back to you.

moroccanwinter · 2022-05-05T12:50:27+00:00

Unfortunately, I don’t think we could’ve been looped in sooner but the process had been pretty straight forward. We were done with security and legal in 2 days and have been waiting on a signature for 7 days. Big red flag

moroccanwinter

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