How much effords should I expect from my agent

Question

I noticed the agents I contact to find an investment properies for me doesnt really do anything other than set the filter criteria for auto email that they send it to me for properies with spesific price range , location , etc . They never go beyond that eventhough I asked them only send me proepries that is currently rented or properies that currently producing cache flow.

am I expecting too much or they are just dont see there is a need to put effords.

Joel Owens · Answer

A smart broker/agent has a business model they do not deviate from for anyone at any time. The minute a broker/agent does that is the minute they lose focus. You can't build efficiency and high track ability of success when each client is trying to do things THEIR WAY. That doesn't mean the buyer doesn't have their own buying criteria but some just want to control everything.

I tend to find my best clients are the ones that know I am an expert at what I do.  They have and ask questions but we work together to reach the common goal.

I don't work with buyers that see brokers/agents as unnecessary but they are working with them as a last resort.

Now the residential licensed field compared to commercial has a much lower barrier to entry on average. Lot's of newbies and part timers in the residential space which is often why buyers post bad experiences. There are still some great residential brokers and agents out there.

Having said that you can't blame a residential broker wanting to work with home buyers for a 300k property when the investor wants a 150k property. Investor lower price and higher headache so unless a broker/agent focuses on thrives on that niche then to them it is maybe another sale but they are not going to put every minute of the day into making it happen.

Charlie MacPherson · Answer

@Sam Hanaa  I set up searches for my clients all the time.  One important thing to consider though is that not all criteria are actually "filterable" (if that's a word).

I can filter on all the usual things like # of beds, baths, garage spaces and dozens more.  It turns out that with our MLS here in MA (others are probably different), vacant units isn't a term we can search on.

Here's another fun quirk with our MLS.  You can eliminate either short sales or REO.  But not both - that breaks the filter and both get included.  It's a known bug and has been for years.  If we use the "map search" feature, we can eliminate both successfully.

When it comes to analyzing deals, that's best left to the buyer, especially because of the potential for liability.  I'll tell my buyer if an MFR looks like it satisfies the 1% rule and what the stated rents are, but I leave the rest to them.

Sam Shueh · Answer

You need to specify your requirements, budget, cap rate. Your lender has the preapproved letter. You need to use the data to figure out the cash flow as investor. No one will do it for you as rent is very subjective.

Some agents will help you to find tenants for a fee. Majority will not want to touch it with a 10 ft totem poll. That is a different area they can give you some estimates but it is not their job. They are not investors or buying the property you are.

Steve B. · Answer

@Victor Valle “make them your partner”?  These people can’t even follow basic directions when it deviates from their template. how am I supposed to get them to comprehend and be remotely adherent to a partnership business structure that’s new to them ?

Mike Cumbie · Answer

Find the right agent

Wayne Brooks · Answer

Don’t know why you would eliminate vacant properties.....a month I so candy is trivial to the whole deal.

Jerryll Noorden · Answer

My agent has the password to my website. My agent analyzes the leads coming in before I even see them or ask her (all agents are female) to.

She calls me up and starts yappin about said deal without me knowing what the HELL she is talking about .

You don't "expect" anything from anyone! You motivate them, inspire them. You radiate awesomeness, competence, skill, and success. You don't have to be already successful to do this.

They, agents, project managers, etc. etc, will do all this without you even having to ask them to do so because they see potential in you. They see how  for them doing this will be beneficial to them.

It has to be a mutually beneficial relationship. The second you can show this and they can see this, they will help you because you all have a common interest. You all want to be successful, and working together is the best way to accomplish this.

So, you need to attract these players and the best way to do this is providing value to them!

How much effords should I expect from my agent

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