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Updated about 7 years ago on . Most recent reply

Account Closed
  • Yonkers, NY
95
Votes |
506
Posts

How to make sure you get payed with bird dogging

Account Closed
  • Yonkers, NY
Posted
Hi everyone, I have a question for all of you today regarding bird dogging. So since I may be nearing a close on some deal, how would I make sure that I actually get payed? Is there anything I should do like a contract? If so, how would I do it if it's online? If not, how do I make sure that I get payed?

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Shiloh Lundahl
#4 Starting Out Contributor
  • Rental Property Investor
  • Gilbert, AZ
4,334
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Shiloh Lundahl
#4 Starting Out Contributor
  • Rental Property Investor
  • Gilbert, AZ
Replied

@Account Closed It is difficult to ensure that you will get paid as a bird dog, however, if you have a few different investors that you are working with you can share some information on the deal without sharing the address and ask the investors what they would offer a bird dog for that type of deal. This way the investors can compete against themselves. Also letting them know that you are probably going to get more deals in the future as a bird dog may make them want to take care of the golden goose rather than kill it.

My partner and I are paying a bird dog who found us a really good renter for one of our properties that is going to end up increasing/doubling our profits on that particular property so we are going to be paying her $1000.

On a side note, I would like to apologize for the idiots who keep creating false accounts and commenting on your posts. Most of BiggerPockets is not like that. Unfortunately sometimes it happens, but I have never seen it this bad before. So I’m sorry that it has been happening to you. Keep posting and ignore the stupid comments. It is not rude to not respond to stupidity. 

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