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    Realtors: r/Realtors Weekly Common Topics Discussion (New or Part-Time Agent, Lead Generation/Marketing, CRM/Websites)

    February 03, 2021

    Realtors: r/Realtors Weekly Common Topics Discussion (New or Part-Time Agent, Lead Generation/Marketing, CRM/Websites)

    r/Realtors Weekly Common Topics Discussion (New or Part-Time Agent, Lead Generation/Marketing, CRM/Websites)

    Posted: 03 Feb 2021 05:00 AM PST

    Please use this thread to discuss the three most common topics in r/realtors.

    1. Becoming a new or part-time agent, taking the exams, or requesting general business growth advice.
    2. Lead generation and internet/offline marketing.
    3. Agent or office websites and CRM Software (Customer Relationship Management).

    Remember it is not permitted to promote your own brand, service, or company by any means, but you may comment on other services you've used; good or bad.

    Join our community discord for live chat and more: https://discord.gg/bsmc2UD

    Since this thread is likely to fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

    submitted by /u/joeyda3rd
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    Why Not Become A Broker?

    Posted: 03 Feb 2021 05:40 AM PST

    I plan to get a real estate license in PA this summer and I look to eventually Broker out, but my question to you all is why not pursue becoming a broker? What are your personal pros vs. cons?

    submitted by /u/FlyingRuzzo
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    Realtor from a regular job

    Posted: 03 Feb 2021 10:30 AM PST

    I am a realtor but I haven't had any success but to be truthful I been a little lazy but......I was wondering if I got my 🍑 in gear and got the two clients a week as they say how hard would that be? I feel like this would be better than working my regular 9-5. Anyone just quit or get fired from their 9-5 and start working their Realtor business? How did that go?

    submitted by /u/Davidle3
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    Accidentally came across this video on YT https://youtu.be/y9j-BL5ocW8 and was wondering about how often do you create videos like that about real estates and where do you showcase them?

    Posted: 03 Feb 2021 08:32 AM PST

    Question about Exclusive Buyer Representation

    Posted: 03 Feb 2021 11:46 AM PST

    Regarding Buyer Representation Agreement (Exclusive) form:

    For example, I have a buyer who is currently looking at houses with me, but seeing their opportuinistic behavior, they will easily go off and buy with another agent. If I wasted my time with that buyer and they buy with someone else, I want to be compensated for it. But what is the process that goes through if it happens? After having the buyer sign this form, and let's say they do buy with another agent, do I approach that agent saying that this was my exclusive buyer, they are under contract with me, and I want my cut of the commission? I have lost many clients before and I don't want that to happen again.

    submitted by /u/000infinity
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    My first week(ish) as a Realtor

    Posted: 03 Feb 2021 05:32 AM PST

    (I posted this in r/RealEstate, but it was suggested to be posted here)

    ​

    Hey guys,

    Just wanted to post some thoughts/tips I have learned after starting my career. I know close to nothing so I won't pretend to do so, I only want to work my ass off and earn each client through honesty and hard work. Here are some things I learned/found out/would recommend to new or aspiring agents.

    ​

    *NOTE: This is only my experience in my specific area, I cannot speak for the entire real estate business everywhere.

    ​

    Things you can do BEFORE you get your license:

    • Interview Brokerages you could potentially see yourself working for:
      • This is something I did not do, and it's not something I currently regret, but it would have saved me some time and money. There are brokers who will pay for(or reimburse if you use a specific school, depending on your area of course) the schooling required, I did not use this.
      • You can get signed up and ready to go, and sometimes get access to some of their tools BEFORE you ever get your license. My broker holds a class in their brokerage building for a local school and people who sign with them and are still in their class can join any of the daily zoom classes they hold. I do wish I was able to do this when I first decided I was going to pursue this as a career.
    • Commit early to being committed
      • This sounds weird, but I have found it to be very true. If you are only looking to do this part-time, skip this section because this is more meant for people who want to go all in. I spent a better part of a month putting around the online classes and not doing much, all the while I could have gotten my stuff done and been about 2-3 months in at this point. When you want to do this job and do it well, you are going to have to be time committed to getting yourself out there.
      • This isn't a job, this is a business, this is YOUR BUSINESS. YOU ARE THE BUSINESS. Phone calls, door knocking, networking events, whatever you are going to do, you need to recognize there isn't a single person out there who is going to tell you every step you need to do to get your first listing. Hopefully, you join a brokerage that will give you the mentoring you need if you are starting this business from scratch, like me, but even they are agents too.
    • Watch Videos
      • Youtube has so many different videos that can help you out of the gate and give you a life in the day of a new agent. Tons and tons of good info/people to follow and learn from before you even take an exam. This is something I actually did a lot of the closer I got to finishing my course and taking my exam, it put me in a mindset that this won't be easy, but it could pay off if you are persistent and willing to put in the work.

    ​

    There's a ton more you could do prior to taking classes to get your license, but I just wanted to point out a few that are not always stated in this sub.

    ​

    Some things I learned:

    • People who answer the phone are willing to have a conversation.
      • I made 150 phone calls the first day I got access to everything. Most were no answers, some were wrong numbers(and I didn't have the correct script/knowledge on what to say when that happens), a few conversations that went nowhere, and 1 guy who invited me to his open house the following day. I learned a lot, very quickly, about how to get through a script and get my point across. I still did it very badly but I am a jump into the deep in kinda person, so I was willing to learn the hard way.
    • Keep a record of your daily objections/accomplishments
      • I haven't gotten back to that 150 phone call day, but I have done my best to keep myself on track with a goal in mind. My daily goals are as follows:
        • 50+ phonecalls
        • 20+ contacts - any interaction on the phone counts
        • 3+ emails received
      • I aim for this each and every day I go to work unless I have a class that my broker requires me to go to, appointments, etc. Make a set goal for each day, and keep yourself honest about it.
    • Buy lead-gen service
      • I use this for geo-leads(mapping and farming a specific subdivision, has worked well so far), FSBO's are updated daily for my area, and if you really want to import expireds from MLS, go for it(each service on the one I use has a monthly fee). I open and use it on a daily basis, it helps me keep track of how many phone calls I made, can set notes or reminders to contact people on a specific day/time, it's all centralized and it's worth it to me. Just my 2cents, find what works for you.
    • Be ready to work, and be willing to work
      • After my super fun-filled first week of rejection after rejection, it was easy to let bad things in like "man, you're never gonna get a client" or "you are wasting your time". I've heard from other agents it happens all the time, and you just have to be willing to push through it and keep your eye on the game, market yourself and keep to your daily goals. At the end of the day, if you make 1000 calls, more times than not, something is likely to fall in your lap. It's all about the law of averages, and as you keep calling, you get better at talking and steering a conversation.

    ​

    This is all just a brief overview of my first week, and I'm still brand new so I don't want to act like I know anything, I just know I'll keep pushing through and getting better each and every day. I look forward to working in this business as I see it as a way to help people find what they are looking for while working with good people around my area.

    submitted by /u/JordanTampaRealty
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    Should I say hello to sales people at builders models? Would they potentially recommend me as a realtor to walk-ins? Or not since the builder doesn't want people to have realtors to save on commission?

    Posted: 03 Feb 2021 11:24 AM PST

    Broker provided Buyer Rebates

    Posted: 03 Feb 2021 11:06 AM PST

    What are some savvy ways as a principal Broker representing a buyer that the broker can provide the buyer with a rebate / commission credit? The broker is located in the RI / MA region

    I have read mixed reviews on what is and isn't allowed. I am hoping for some clarification.

    submitted by /u/CharlieWellington
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    Commissions taxes as a W2 employee

    Posted: 03 Feb 2021 09:51 AM PST

    I'm currently a W2 employee and am a realtor on the side. If I make real estate commission, what is the general breakdown of how much I should save for taxes end of the year?

    submitted by /u/Savorymoney
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    Disloyal buyers rant

    Posted: 02 Feb 2021 07:08 PM PST

    Chased around 12 buyers this month and had one under contract for a big purchase then they canceled without a solid reason after being completely sold. Funny enough the wife messaged me out of all the realtors on Zillow, she was working with her cousin who's a realtor. Hours wasted. Showed houses an hour away for a week straight for a cash buyer in Cali and she lied about her total cash, lost the first deal because of it then wants me to put the winning offer in after the first one lost as a "back-up offer" red flag. The perfect Home comes on the market late evening and I immediately call her to find out she went through the listing agent before it was live. Another cash buyer saw 8 houses, signed the first page of an offer then said "I'm going to Walmart I'll come back" then blocked my number after a very good relationship being made. All in a week and the month I Lost 2 deals in a row and all the deals I had got extended for external reasons. Real estate can be a rough roller coaster of emotions. 8 months being a realtor last year at 18 I made 15k a month/ 120k that portion of the year. Honestly hard to believe I did it but it's the damn time wasters (qualified or not) that lead to the 1 good client and their referral. Now we gotta pay taxes RIP everyone haha

    submitted by /u/Ok-Replacement4897
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    Who do you use for postcards for just sold/just listed campaigns?

    Posted: 03 Feb 2021 09:25 AM PST

    How do you submit your income taxes?

    Posted: 03 Feb 2021 08:05 AM PST

    I've been an agent for about 5 years. I came into this business at 19 under my dad who had been an agent for 15 years. He always used a tax accountant to submit his yearly taxes so I always just used the same accountant he did out of simplicity. The last 2 years I have submitted my taxes this accountant has made mistakes and last year I was hit with an additional $8,000 tax bill after he said that I had paid the full amount to the IRS. I have always paid my taxes via a check in the mail because that is just what my dad always did. He definitely has a distrust of paying bills online and giving out bank account information. To be honest, after 6 yeears in the business I still do not understand anything related to paying taxes as a 1099 self employed individual. How can I change that ?

    I also never received any of the stimulus checks that were sent out this year. I think part of the reason for that is something related to the taxes I submitted last year. I definitely qualify as I did not make over the max amount to be eligible.

    I am just wondering what other options I have as a 1099 independent contractor. Do I have the option to use TurboTax or something similar? Does anyone have any preferred services that work well for them?

    submitted by /u/atsommers
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    A seller gives you 30 days to sell their $1mil property, off-market, non-MLS. What do you do?

    Posted: 03 Feb 2021 07:25 AM PST

    Hot Buyer Leads

    Posted: 03 Feb 2021 06:52 AM PST

    I'm an ISA on a smaller team and we're doing great with listings and listing leads, especially given to CO market.

    However, we're having a really hard time getting hot and qualified buyer leads. We're planning on adjusting our FB ads, but all of our sources for buyer leads are more than 50% down compared to last year, and a lot of the buyers who call in on listings already have agents. Any tips for getting hot, qualified, buyers leads?

    Thanks!

    submitted by /u/HoraceTheMushyCat
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    Should I jump into real estate immediately or hold onto my license?

    Posted: 03 Feb 2021 05:04 AM PST

    Hey all. Newbie here. I'm currently about half way through my classes and needing some help or maybe advice. I know real estate takes a lot from your life, especially the first few months. I'm wondering if I should get licensed and jump into a brokerage immediately OR hold onto my license and work a "regular job" for a few months instead. I am currently 33 weeks pregnant, baby is due in March, and we're planning to move in early July 2021. My husbands job currently pays all our bills so I can focus on schooling and my children but if we move it will have to a bigger place= more expensive (renting). Moving and starting with a broker would all be happening at the same time essentially. I feel like jumping in immediately will give me the best outcome to help get training but it's all about being able to afford those first few months of no closings with babysitting and bills. What would you do? (Also I don't want to do real estate part time but I'm wondering if it's a good idea maybe for the first few months until a closing? I want to maximize my ability to get training and exposure. That's why I feel compelled to choose one or the other. )

    Also debating between doing single family homes VS rental properties. If I start immediately after my exam which of these is a better option with my situation?

    submitted by /u/A_driving
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    Business cards with pics or without?

    Posted: 02 Feb 2021 11:22 PM PST

    So I know this topic gets brought up in other groups a lot, and I've always gone the no picture route because I feel like my card should represent my business entity and not my glamour shots, but what are everyone's thoughts? I do see some point for having a picture but not convincing enough as to why my next order should include it?

    submitted by /u/SPJrealestate_SoCal
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    What are the best sites or services for hiring a local assistant?

    Posted: 02 Feb 2021 11:41 PM PST

    Anyone have tips if I'm looking to hire an assistant who is local? I'm in San Francisco and the market is busy enough where I need help from someone who can also do showings, etc.

    Have people tried job boards or some other type of service?

    (Also, if you know anyone who lives out here, let me know.)

    submitted by /u/EffectiveAd2637
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    Are you guys required to do floor time?

    Posted: 02 Feb 2021 02:50 PM PST

    I just signed with a new broker, one of the biggest in my state, and I have to do floor time usually once a week for 3 hours. My old brokerage was small so I never had to do floor time but since I got here everyone is always complaining about floor time. I took someone else's floor today because they were busy and within an hour I got a phone call asking for an agent to come list their house this weekend and since I'm the only realtor here right now I get the listing.

    So far this seems like a great trade off. I sit here for 3 hours, get some work done, and get a possible listing? I see no reason to complain.

    submitted by /u/FixYourPockets
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    Post-Househack strategy?

    Posted: 02 Feb 2021 09:55 PM PST

    Hello all, I'm currently in the market right now for a 2-4plex to live in, and then rent out the other unit(s) with as little downpayment down as humanly possible. Looking in Minneapolis/Saint Paul area if that helps. However, my longtime girlfriend keeps bringing up a good point about house hacking that I can't seem to give a complete straight answer to. Looking for some wisdom here. Just graduating college and looking forward to this long term investment.

    Question: Can we really afford to buy a single family home for ourselves after living in our 2-4 plex 12-24 months after our 3.5-5% down duplex purchase? That's currently our plan as my girlfriend does not want to live in this duplex for any longer than two years. To be honest the only reason we haven't pulled the trigger on buying a duplex yet is this question. I understand you will need financial specifics so here they are.

    Most likely purchase (almost did this exact scenario): 3.5-5% down—$225k purchase price, 0-3% closing costs, 6% vacancy rate, $2400 in rents.

    Financials: My soon to be fiancé and I make a consistent $80k/year combined, likely to increase in coming years. We both have 750+ credit scores. After 1-2 years we'd be looking for a single family home to live in between $190-260k.

    End all question— Do you think it's more than likely with this given info that if we bought this $225k duplex tomorrow we'd be able to afford another home to live in a year or two later?

    submitted by /u/ObiWahnKenobi
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    New build condo complex

    Posted: 02 Feb 2021 08:36 PM PST

    Good day. I'm looking for a first time home (condo) in a complex with lots of units that is being built. If I like the design and the projected time time works for me, can I still put in a offer? What is the process for something like that? What if the completion deadline gets picked back or something ?

    submitted by /u/Lakemann22
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    Has anyone jumped from realtor to broker?

    Posted: 02 Feb 2021 05:39 PM PST

    To my understanding realtor, sales agent, divides commission with broker. Why not do both?

    submitted by /u/Losertraderinmaking
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    Any Advice?

    Posted: 02 Feb 2021 01:38 PM PST

    I suck at everything except for networking. I have tried multiple jobs but the only ones I see to be good at are ones that involve people. I never went to college because I know I am not academically strong so I spent 4 years being a barista, 2 years as a freelance photographer for schools, 1 year as a real estate videographer and that's the field that just stuck. My dad and 2 neighbors own more than one property and are landlords, 1 of the neighbors is a full time construction worker and is willing to show me how to understand repairs, materials, costs ect.

    Sorry I will get to the point. The point is, I want to be a realtor that specializes in assisting investors because I too want to be an investor. Plus I love money hahaha and I love that my dad has a second stream of income it's been a blessing since he is a single father. Anyways the only "connections" I have are from men who know what they are doing. Seems like they don't need help. So it makes me feel like if I were to specialize in investment properties as a realtor I wouldn't be of any help.

    Any advice? I live rent free since I live with my dad and the house is paid off. I also have no debts, so I'm not commission motivated. Just wanna help a brother make a buck. Plus I plan on continuing doing real estate videography. oh! maybe I could help investors market their properties!? What do you all think?

    submitted by /u/keyawenah
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