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All Forum Posts by: Ayana Lugo

Ayana Lugo has started 3 posts and replied 39 times.

Post: Florida/condo/vacation rental?

Ayana LugoPosted
  • Real Estate Broker
  • Tampa, FL
  • Posts 41
  • Votes 13
Hi Derrick! I agree with Raymond. You have to know the rules of each HOA before purchasing. Many have a one year rule before you can rent or no MTM leases. I have a great deal of experience with HOAs here and the laws are pretty lenient to protect them. You would want someone to help you navigate where to purchase based on local knowledge. I have a condo/town home pending in one of the more relaxed communities. I hope this helps! If not, let me know!

Post: Agent compensation / split / broker fees

Ayana LugoPosted
  • Real Estate Broker
  • Tampa, FL
  • Posts 41
  • Votes 13

I was also in the same boat and I decided to go with Keller Williams for the training. The split is better than 50/50, but my main concern was learning the business first. I have seen smaller firms with low fees not provide any support or help when you need it. That is a scary thing for me. Once I know the ins and outs of making deals, I may decide to open my own brokerage more suited to investments and investors. 

But not before my "gift" monies are vested with KW. Good luck in your search and interview many places before you decide on one.

Post: Closed my first two deals!

Ayana LugoPosted
  • Real Estate Broker
  • Tampa, FL
  • Posts 41
  • Votes 13

Congrats! My first closing is Sept. 7 and I am proud of myself!!! It is definitely rewarding!

Post: Vacation homes for rentals

Ayana LugoPosted
  • Real Estate Broker
  • Tampa, FL
  • Posts 41
  • Votes 13
You would probably fare better with the Orlando condo as the vacation rental as there are most likely restrictions here in S. FL.

Post: Just passed Florida Exam

Ayana LugoPosted
  • Real Estate Broker
  • Tampa, FL
  • Posts 41
  • Votes 13

Congratulations! It is an exciting journey for sure. I am a new Keller Williams agent after working in property management for 16 years. I wanted to learn the sales side as well as investing to one day become a one-stop shop. I would recommend KW because the class only prepared you to pass the exam. It did not prepare you to sell or buy homes. This knowledge comes from actually doing it, training, and being surrounded by other successful agents. Of course you could "wing it"...but we wing NOTHING at KW. And the best part is that it is a wealth of free training that you can received. 

There is a reason they are the top company for new agents. Let me know how I can help you, I love to help new agents get in the business to WIN no matter what their goals are!

Post: Money's not a motivator for me, need help with mindset

Ayana LugoPosted
  • Real Estate Broker
  • Tampa, FL
  • Posts 41
  • Votes 13
My advice is to move around as it relates to mindset...explore many avenues. I watch a guy named Ralph Smart (Infinite Waters) on Youtube. I also subscribed to a channel called You Are Creators that shows many different mindset videos. You have to follow who resonates with you and know what would your prosperity and abundance look like.

Post: Is investing in Michigan too good to be true?

Ayana LugoPosted
  • Real Estate Broker
  • Tampa, FL
  • Posts 41
  • Votes 13
Yes! Agree with everyone here! I am also a Detroiter and I have a family member who invests and runs a PM company there. You will waste time and money in the wrong area of Detroit if you do a lot of work and then have it all snatched out by vandals. Unless you plan to arm the home with some good security features, work with someone who knows the area or stay out altogether. I am also available as a resource.

Post: Real Estate Agent VS Real Estate Broker- Pros and Cons

Ayana LugoPosted
  • Real Estate Broker
  • Tampa, FL
  • Posts 41
  • Votes 13
I also doubt you can skip the agent's license with a four year degree and become a broker. Usually that applies to the agent license only if it was in a real estate related field. My 4-year degree in management didn't qualify. But as stated each state is different and you should check the requirements. I also call to be sure. I am a broker associate in the State of FL and it is only useful if you plan to manage other agents. If you only want to sale, the agent's license is enough. The broker's license is all about running a brokerage FT.

Post: Calling all Keller Williams agents

Ayana LugoPosted
  • Real Estate Broker
  • Tampa, FL
  • Posts 41
  • Votes 13

Hi! 

I am a Keller Williams agent, but I have been with them since I decided to leave property management and do sales. I can say that we have a very profitable agent/team in our office and her story is that she was with someone else and came over to KW. Her business exploded from there! She is already at $51M in sales for her team half through the year. 

The culture at KW is very different from other companies. We come from a place of contribution and support for one another. We are also big on mindset and whether you believe the possibilities are endless. It was the best decision I have made. I have been with our office for one month as a new agent and got two listings and two buyers in the works! No waiting six months for me to make a return on my investments! 

I say go for it!! 

AND...no other company in the business sets you up for "retirement" like KW! KW has a profit share system that is amazing! Passive income that is completely vested after 3 years and can be willed. The share comes from the market center's profits, not the agent's so it is a win-win. The OP of the market centers contribute 45% of their profits back to the profit share system. It works big time!

Again...go for it!

Post: Should I get my license?

Ayana LugoPosted
  • Real Estate Broker
  • Tampa, FL
  • Posts 41
  • Votes 13

Hi! 

My advice as an agent is if you do not have a lot of TIME, then leverage the time you have by working with trusted agents who know the business. It is not hard for us to set up a search in the MLS that would send you properties and allow you to choose them.

As far as better deals, it may be enticing to a seller to not pay the additional 2 or 3%, but that depends on their motivation to sell. Financially, I look for value in my time and the ability to delegate as many tasks as possible. So many want to be one-man shows...but why? 

I hope this helps!