Am I impatient? Or, suggestions on how to work with agents?

[Maya Gorski]

I'm starting my search back up for buy and hold out of state rental properties. My goal is to have multiple.

It seems that I'll come across a property I'm interested in and I'll make contact with an agent (found through either Bigger Pockets, Zillow, Google reviews, etc.--there are a couple of cities I'm focusing in on). I'll reach out to them and we'll discuss. I'll mention the property and then I feel like it doesn't go anywhere--days stretch out and either I don't get concrete information about the property, their voicemail box is full, or I just don't hear back. And then I see the property status goes to "pending"...

I'm trying to build relationships out of state so I try to be loyal but, at what point, do you just move on? What is a normal cutoff time before going elsewhere? 24 hours? 48 hours? Days? Do I need to be more patient or work on presenting myself as more serious?

My finances are in order so we're good there. I know there's competition and I have a lower price point (ex: $60k-150k, depending on the type of property) but I've let the agent know that, if they have a transaction minimum, I'd make up the difference on their commission. I have also asked about a couple of for-sale-by-owner properties, and for these I've informed the agent that I'd pay their commission.

Any tips??

[Cynthia McGathey]

@Maya Gorski

Maya,

I found the same thing. I started looking at investment property and couldn’t get anyone to move at any speed at all. So I got my real estate license and then my broker license and started a brokerage that focuses on speed and personal service. Having a realtor that owns their own properties and invests in real estate adds that level of knowledge that can only be had from owning property. I found the same issue with property management. No urgency and no effort to shop for good prices. So I found a set of reliable, fair priced contractors and I manage my own properties. I now own 3 properties and my son owns two.