Seeking Investor friendly agents in Las Vegas NV

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Seeking Investor friendly agents in Las Vegas NV

Armand P.
New to Real Estate · San Mateo, CA · Member since 2015 · 127 posts · 12 votes

Hello, BP,

I'm seeking to make working relationships with investor friendly agents in the Las Vegas, NV area. I look forward to connecting with some of you and working together. 

Cheers!

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  • Eric FernwoodBusiness Member
    Realtor · Las Vegas, NV · Member since 2014 · 995 posts · 1k+ votes
    3y

    Hello @Armand P.,

    Over the last 15+ years, we have delivered more than 480 investment properties. However, rather than focusing on our accomplishments, this post will describe how you can find an investment realtor in any location.

    An investment realtor is fundamentally different from a residential or "investor-friendly" realtor.

    Residential or "Investor Friendly" Realtors

    Residential realtors enable people to buy or sell homes. The process is simple. Homebuyers select properties, and the residential realtor provides access. Once a property is selected, the residential realtor facilitates the offer and closing process.

    Although some residential realtors occasionally sell real estate that will become rental properties, they provide limited value beyond MLS data sheets. To an investor, MLS data sheets are worthless. Below is a table comparing what an MLS data sheet contains and what you, as an investor, need to make informed decisions.

    https://www.lasvegasrealestateinvestmentgroup.com/nwassets/images/20220706-1062.png

    Investment Realtor

    Where residential realtors sell homes, investment realtors sell passive income streams. Also, investment realtors are always part of a team. Only a team of experts can provide the end-to-end processes, skills, and knowledge necessary to bring a property to market. See below for a diagram of the process we follow.

    While the above diagram depicts our process, any investment team will have a similar process.

    Now that you see the value of working with an investment realtor, how do you find one?

    How to Find an Investment Realtor

    There are usually thousands of residential realtors in a metro area, but only one or two investment realtors. How do you find one?

    Start by compiling a list of candidates. Get names from

    • Real estate investing websites (such as Biggerpockets.com)
    • Property managers
    • Local investors
    • Talk to real estate brokers
    • Google searches
    • Local meetups

    After creating a pool of candidates, evaluate each one using interview questions. The primary objective of these questions is to determine the individual's character and capabilities in identifying, validating, and bringing properties to market.

    Interview Questions

    Before beginning candidate interviews, create a list of 10 or fewer questions. You won't have time for more. Ask each candidate the same questions and record their responses. Below are sample questions. It's unlikely to find a candidate with the "perfect" response to every question, but they should provide reasonable answers.

    • Tell me about your investment team.
    • Do you or have you owned investment properties?
    • How many investment properties did you close in the last 12 months?
    • Did you or your client select the properties?
    • What were your primary selection criteria?
    • Tell me about the tenant pool you target.
    • How did you estimate rent and time to rent?
    • Tell me about your renovation process.

    If you’d like more details on how to vet investment realtors, DM me.

    [email protected]702-358-8884
    FERNWOOD Team, KW VIP Realty520 Reviews
    WebsiteView Page
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  • Josh Edelman
    Real Estate Agent · Las Vegas · Member since 2018 · 197 posts · 143 votes
    3y

    @Eric Fernwood made some excellent points! When I bought in Las Vegas I specifically linked up with an investor friendly and experienced agent, Falisha Rexford - she is crushing the game. Because of her insight and all of the information she provided that  Eric mentioned, I made a great first purchase which helped me start off strong as my first rental property. Needless to say, when I became an agent (and joined her team) I learned from her and realized how much more value an investor friendly agent can be and much more insight one has. 

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