All Forum Posts by: Beata Williams

Thank you for all of your input. I do like the idea of an inspection during the renewal process, and we do not usually charge a fee for renewals as there is a minimal amount of work. Although a small fee for that would just cover the time spent on the inspection would be a way to generate a little of additional income and the small equity fee would be appealing as well.

Stephen J Davis,

In a way, yes that is what I am asking. Point being that it is in the owners best interest to not have high turnover rate, but as a property managers we generate additional income through leasing. So how can I make sure that as a property manager I save my landlord money but still make sure that I have the option to generate extra income for myself?

I am trying to think of ways to get incentivized and get paid based on high occupancy rate and was hoping to get some feedback here. Obviously high turnover and charging 1 months rent to lease a space is bad for the owners but it is additional income for property managers. So I am trying to think of ways to get paid while saving the owner money and keeping them happy.

David,

No I do not own a PM company, I manage my own rental property and I have worked for a company for over 5 years  as a property manager. It’s definitely something that I am considering to continue on my own as part of my real estate career. 

Brenden, 

Thank you for your input. I have decided to go with a smaller company where I believe I will get better mentorship and won’t drown in fees, especially when starting out as a new agent. I need to sell myself and not the company so I will be investing in marketing, generating leads and working my inner circle.

I am looking for an opinion from agents that have been doing Real Estate for a while. I have 5 years+ of experience in the real estate industry, specializing in property management and commercial Real Estate. I have finally decided to take the leap of faith and sell real estate, I am very comfortable with commercial side of it and just learning the residential side of sales rather than leasing.

My hold up is knowing which agency to sign up with to maximize my profits and success. Does the big company name make a difference? Are clients more comfortable with choosing a large, well known company when looking for an agent? Does a nationwide name like Re/Max, Caldwell Banker make a difference vs an office that is still well known in my area and has branches in few states?