Real estate coach Rob Minton suggests capturing sales to investors outside of your market to grow your business. Real Estate Agents will be surprised to find hundreds or thousands of investors that would be quite willing to purchase an an attractive investment property in the area. Lately with foreclosures and REO’s, investors have become very active in the market. May of these investors do all cash deals making fast and easy to close.
In order to sell to investors, real estate agents need to offer property management services or partner with a property management service company. A property management service income is very attractive as 50 properties can generate $5000 a month of income if $100 per month is charged for managing the property.
Besides the monthly management fee, many real estate agents can generate additional income by offering to list the properties for investors. If you partner with a property management company then you can generate additional listings through the investor market.
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