• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • 1
    CommentGo Back
 
PROAPOD
®Real Estate Investment Softwarewww.proapod.com
4 Reasons Why Homeowners Might Buy and Sell Rental Property
 James R Kobzeff 
I have long been an advocate for making rental income property as a portion of a real estate agent's business. In my opinion, any real estate agent that sells houses exclusively and ignoresopportunities to sell income-producing property is wasting an excellent opportunity to booster their annual income.If you think not, consider these four reasons why homeowners, the very ones residential real estateagents serve, are prime candidates to buy and sell rental property.1.Whereas homeowners may not be in pursuit of a replacement house, they could be ready tomake an investment.2.Whereas homeowners typically won't sell on a moments notice, investors normally have a price they will entertain.3.Whereas homeowners may turnover one property in five years, investors habitually buy andsell multiple income properties.4.Whereas retirement might mean hunkering down into a house, it commonly signals adesignated time to unload management-intensive rental property.You get the idea.Selling rental property offers a ton more opportunities to make money than residential property,and as a real estate agent, you're in the right place to seize it. So how do you get started sellingapartments with little or no experience? You might be surprised to learn that it's not that difficult.1.First, dismiss the idea that you need to become an investment expert. Deals are closedevery year by hundreds of residential agents who know little about income-producing property.2.Secondly, recognize the importance of numbers to real estate investing and think about buying real estate investment software to help you present those numbers in a professionalfashion to sellers and buyers.3.Research your local market and acquaint yourself with income property prices (listing andsold). Use the real estate investment software to create an APOD for each property. Studythe cap rates. Become knowledgeable about rental property prices and rates of return.4.Call your customers and ask whether they want to invest or perhaps own a multifamily property for you to sell. Discuss the market, present your numbers. Let them know youwork with income property.5.Announce to your colleagues that you're equipped to service rental property and prepared to pay a referral fee.
©2009 James R Kobzeff. All rights reserved.
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...