Why having an investor agent is important to an investor looking to buy/sell

[Alan Asriants]

Buying:

1. An investor agent knows how to run numbers on properties and can help determine a good or bad deal. This is important because an agent who understands the numbers, rates of return, cash on cash, cap rates, NOI, and other financial metrics can help you identify a profitable investment. Without this understanding, you may be left with an agent who simply opens doors for you without providing any real value.
2. An investor agent has experience dealing with tenants and can give you tips on how to handle certain situations. Dealing with tenants can be challenging, and an agent who has never been exposed to this may not be equipped to help you navigate these situations. An investor agent can provide valuable insight into how to properly communicate with tenants and handle any issues that may arise.
3. An investor agent understands multiple investment strategies. This kind of agent has had experience in long term rentals, fix and flipping, etc. Having an agent understand multiple types of investment strategies can help them identify the best use for a property in mind. This is important because different investment strategies require different types of properties and different approaches to investing.
4. An investor agent understands the importance of location and why one part of a block might not be the best part to invest in while the other is. The proximity to things, what kind of tenants to expect from certain areas, and other location-based factors can all impact the potential profitability of an investment. An investor agent can help you identify the best locations for your investment goals.
5. An investor agent understands layout and design. This kind of agent will have experience rehabbing and can guide you to making the best use of the space you have. Poor layout and design can reduce the value of a property and make it less attractive to potential tenants or buyers. An investor agent can provide valuable insight into how to optimize the layout and design of a property to maximize its potential.
6. An investor agent understands renovations and budget. Someone who has experience rehabbing a property can walk through a property with you and give you a solid estimate on what they think it would cost to rehab the place. They would also give you tips on what you should fix, point out potential problems that could occur and even point out some nice upgrades that others couldn't miss. They would also be able to point out certain red flags like structural concerns that raise some eyebrows. This can help you avoid unexpected costs and make more informed decisions about what to renovate and how much to spend.
7. An investor agent has a good connection of lenders, title insurance companies, contractors, handymen, insurance agents, etc that they can connect you to. This is important because finding reliable and trustworthy service providers can be challenging, especially for those who are new to investing. An investor agent can connect you with providers they have worked with in the past and trust to provide quality service.

Selling:

1. An investor agent understands how to sell fix and flips and how to market them the best way. If they have experience selling them themselves, they have already had certain issues come up that they have learned how to address when marketing the property. This can help you sell your property faster and for a higher price.
2. An investor agent understands what is most valuable to you when selling a property - usually it is your bottom line. An investor agent can help you negotiate the best price and terms for your property to maximize your profits.
3. If repairs need to be made after inspections, an investor agent has the connections to fix those problems with a budget in mind. This can help you avoid unexpected costs and keep your budget under control.
4. An investor agent knows how to deal with tenants when scheduling showings when selling a multi-family home. This is important because