Realtor · Portland, OR · Member since 2017 · 26 posts · 7 votes
I see a lot of realtors on here. Have some of you stopped selling RE altogether or do you both--actively selling plus managing your STRs? If you transitioned to 100% managing STRs, at what point were you able to do so?
@Julie McCoy, that is all very encouraging to hear. I hope to be able to create systems similar to what it sounds like you have in the future with my own STR's.
@Shannon Ilas, thanks for sharing your experience. I do suspect that if I ever made the move to being an agent, there would be some skills from work as a teacher and administrator that would transfer well. I know the community college you mention quite well.
@Mark Futalan, is your plan to get your RE license and keep the day job? That was how I read your post. I've thought about if that were possible too, so I'd be curious how you plan to fit in the realtor aspects.
I have a stable government job that pays the bills. With our flexibility to work remote and have a more balanced schedule, I hope to be able to balance it all. I have a pretty good team of contacts where I invest and hope to use those experiences in my RE career so we will see how it goes. The only reason I decided to pursue it was the fact that I have a passion to talk RE and I find myself mentoring many new investors or 2nd home owners looking to buy in the area that I’ve met so I figured this could be my niche of clients.
I look at it as a win win situation. Networking, being an agent on my own investment deals and being an investor agent that has a unique insight to a particular niche market. My goal would hopefully be to transition into RE full time but if things don’t pan out, I have nothing to lose. The hardest part of any transition is making sure you’ll be able to survive if things don’t go as planned. I anticipate starting off slow, get a few deals under my belt and go from there. It will be a process but one I’m looking forward to.
@Mark Futalan, I think you've summarized one of my concerns, which would be making sure you would be able to survive if things don't go as planned. I like the potential idea of slowly making that transition as much as possible until you reach a tipping point where you feel comfortable taking the leap.
Exactly! With a family and 2 kids to support, there’s a lot on the line. I would never be able to dive into something if I didn’t have a back up plan. That’s why I look at it as low risk high reward. Only time will tell :)