Three reasons to use a Realtor

When you are investing in self-storage, it is important to get as much help as possible when you are looking for properties.

You can use bird-dogs, you can do your own mailing campaign, you can do advertising and marketing, however, a realtor is a fantastic resource that does not take up your time.

Realtors save you time. A commercial realtor typically has their own mailing campaign. They are reaching out to self-storage owners, trying to get them to list their home. They also network with other realtors, and as a result, they often hear about properties before they go on the market. In addition, they can spend their time trying to find the diamond in the rough for you, rather than you having to comb through all of the listings to find a suitable property.

They can reach people you can’t. As a real estate investor you will find many people who are unwilling to work with you because they are afraid of being taken advantage of. A real estate agent has credibility that allows some of those people to work with them when they won’t work with you. Most people believe that an investor is trying to get the better deal, while a real estate agent can show them that they are working in their best interests.

You can learn from their expertise. If you are new to self-storage investing it is critical that you find an agent with experience. They can help you avoid the pitfalls and mistakes that you might make if you didn’t have their guidance. They will know the areas that will rent the best and they should know the competition to make an educated decision.

You can take advantage of their connections. Experienced realtors typically have friends in the business. For example, they know lenders that can help you get a loan, they know inspectors who will do a thorough job, they can help you find the right company to do your feasibility study, they know builders who can help you with any type of remodeling or construction project that will turn your property into your dream unit.

Make sure that you take the time to find the right realtor for you. You need someone with experience, who is willing to mentor you, and find the type of property that you want to invest in. As always, happy investing.