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    Monday, October 12, 2020

    Realtors: Realtor versus Property Management

    Realtors: Realtor versus Property Management


    Realtor versus Property Management

    Posted: 11 Oct 2020 07:40 PM PDT

    So I am about to pull the trigger and pursue my Realtors license here in Florida. I know a couple people who have transitioned from Realty sales into property management. The consistent return salary on property management seems to average higher than standard realty sales, plus there is less marketing and hustling involved.

    I don't see a lot of cross talk between the two industries, but they seem to both rely on having a Realtors License and in respect for property management, certification as a CAM. The CAM doesn't seem to be much to accomplish, I believe it's only 16 hours or so of coursework and an exam similar to the real estate exam.

    Does anyone have any experience with both of these fields? I would like to try my hands in both, but I feel like I will eventually want to focus on commercial property management.

    From everything I am reading so far, it seem like my real estate license would be absolutely necessary to function at a successful level of property management.

    submitted by /u/ComonomoC
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    Texting

    Posted: 12 Oct 2020 07:57 AM PDT

    Are we allowed to test FSBO and expired listings?

    submitted by /u/Blondie12388
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    How much do you spend on ads monthly?

    Posted: 12 Oct 2020 05:27 AM PDT

    Not a realtor, trying to learn more about the industry. How much do you spend monthly on advertising? (Being on Zillow, having a website, etc)?

    Thanks!

    submitted by /u/monkey6
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    How would you respond to a brother and sister politely asking to tour their childhood home that you were selling?

    Posted: 11 Oct 2020 05:37 PM PDT

    I'm not a realtor but this is a serious question.

    My sister and I both live a state away from where we grew up and our mother's house she rented 15+ years ago is on the market. From the photos online the house has been renovated so much that we barely recognized it. Is this a normal thing or should we just not bother wasting this woman's time?

    submitted by /u/BON3SMcCOY
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    I’m done with open houses (at least for now)

    Posted: 11 Oct 2020 12:34 PM PDT

    I don't know it has anything to do with the Covid-19, but I never had any success with open houses.

    I got my license 4 months ago and everyone always keeps saying "do open houses, that's the best way to find clients and kick start your business".

    I belong to the biggest brokerage in my state and I always look for open houses, asking other agents in my brokerage to hold their listings open. So far I have done 10 open houses.

    I spend my own money to market the open house with Facebook ads, I tried sending post cards to the neighborhood, I put directional signs to busy intersections.

    Out of 10 open houses, I got 0 (zero) leads. On average 3-4 parties walk in to the open house. Most come with a realtor. For others, I try to have conversations and ask them if I can help them with their search. I also hand everyone a little gift bag and put my card in there. On their way out, I mention my website and tell them they can find the most accurate and up to date information on my website.

    As I'm writing this, I'm sitting in an open house. I have been here for 2 hours and not a single soul walked in.

    After today, I'm not wasting my time on open houses, at least until we are done with covid, and people are not scared to leave their homes.

    END RANT

    submitted by /u/tuncalirealtor
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    How to approach a realtor about becoming an apprentice?

    Posted: 11 Oct 2020 01:55 PM PDT

    I don't know too much about real estate, but I'm looking to change that. I'm young and graduated college a few years ago with a totally unrelated degree. Being my own boss has always appealed to me. I even interviewed with a realtor group to learn more about the industry, about a year ago. My question here is, instead of getting my realtors license, do you think any realtor/group would accept me if I were to cold approach a company and say that I was looking to become an assistant or apprentice? If some random person contacted you as a realtor, how would you answer? Any tips? What values are you all looking for in someone who could help you!

    submitted by /u/KeepinItPiss
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    Does it make sense to get a realtor just to rent an apartment?

    Posted: 11 Oct 2020 10:18 PM PDT

    Hi there, apologies for the length!

    I and 3 others are looking for a 2 bedroom apartment to rent. We are probably capable of doing it on our own, but we are curious to see what the benefits of having a realtor would be. Hence why I'm here!

    I think it may be useful to have a realtor because I want to make sure we apply to apartments we'll love, and also have a realistic chance of getting approved for. Obligatory background information: there's 4 of us in total. We all have good (but relatively new) credit, 2 of the 4 of us have renters history, 3 of the 4 of us have jobs, and 2 of the 4 of us have several thousand in savings from student loans, all for the purpose of paying rent. We specifically are looking at some of the nice apartment complexes that have gyms and pools and such in the LA area.

    We have a budget of $2900, and have found plenty of units that we can afford in buildings that we love with good reviews. I know that bigger apartment complexes require that renters make 2-3x's the monthly rent (usually 3), which we don't, but we have a cosigner.

    Moral of the story is, I don't really know how the application and approval process works, and I'm worried that our lack of knowledge on the subject will make us less desirable as candidates for an apartment. I'm are also worried that we are going to spend a fortune on application fees for apartments that never would've accepted us in the first place, despite the fact that we can afford rent.

    I know that it'll be easier for us to rent from private landlords, but we REALLY want to try for one of the bigger complexes because of the gyms, pools, and outdoor spaces. I'm hoping that if we have a realtor, they'll be able to give us a better idea of what we can actually get approved for and hopefully help us save some time but sending us to places we love that we can actually rent.

    If any of you have any knowledge on how paying a realtor works (lol), that'd be very helpful as well. I've heard that a lot of apartment complexes and landlords will pay the realtor fee, but is there a way to guarantee that before we even start looking with a realtor?

    Thanks so much!

    submitted by /u/supasupacoo
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    I failed my first pre license course final twice

    Posted: 11 Oct 2020 07:21 PM PDT

    Like the title says, I failed my pre license course twice with AceableAgent. I am 19 I work a full-time job while juggling college so didn't have time to take it in person (and coivd lol).Took the first attempt on Friday and the second today and scored in the 60s in both and passing is 70. And I think it's dumb that you don't get to see your result if you fail cause now I don't know what I got wrong. And since I failed both attempts I need to retake the course to be able to test again. I took notes during the course studied my notes, reviewed some notes on quizlet and was sure of almost all my answers. I guess the question is what can I do to prepare better next time. I ve watched videos of realtors talking about how the exams are so easy to pass and now I am lowkey discouraged considering i failed it twice. What was y'all's experience for those that took it online? Did you pass from the first try?

    submitted by /u/Bila_l_
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    Buyer Clients are Expecting!

    Posted: 11 Oct 2020 07:04 PM PDT

    My buyer clients just informed me that they are expecting in February! I'm excited for them and want to take the opportunity to strengthen my connection with them. Does anyone have any gift ideas for my clients to say congratulations? Maybe I'm over-thinking it and perhaps a card would suffice. Your thoughts?

    submitted by /u/alexw0122
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