All Forum Posts by: Kevin Boylan

If you are ONLY going to use it to save commissions, don't bother. But it also allows you to make money in the non-investment sector of real estate, so it does open up other possible income streams for you if you want to use it that way.

Make it simple. Find an agent you like and sign a buyer/agent agreement and work with them whenever you need an agent.

I believe that changed in the late 90's, I don't remember the exact year.

This depends on where you are. Here in Ohio, the listing agent works for whoever they have a fiduciary relationship with. The listing agent works for the seller. If I am showing someone houses I work for them, not the seller, even if the buyer has not signed a buyer/agent contract. If the listing agent also works with the buyer, he is working for both buyer and seller as a dual agent. In that case he just can't say anything to either of his clients that could benefit the other, so in that case you are losing some representation.

Are they behind on their payments? Unless you can show that they can no longer afford the payments, I would not think a short sale would work.

Do you typically set up to have yours and the owners payments go through an escrow company, or just pay the owner directly and hope he/she continues to pay the mortage?

This is a bit of a nit question, but I have noticed a lot of businesses these days not allowing PO Boxes for addresses. Do you ever run into a lender that won't allow the owner to change his address to a PO Box? If so what do you do?

Does the seller drop his insurance? Does the fact that you list him as an insured just make it look like he switched insurance companies?

I only go back 6 months to look for comparable solds. The market can change pretty much over a years time. I don't look at the average price so much as the median price of all the comparable solds.

I also look at current listings and withdrawn listings to see what people are trying to sell for and what prices are not working.

Those of you that do short sales... do you typically put together the entire submission package (sales contract and all) before even contacting the lender? Or do you get just the owners agreement to let you talk to the lender first, and then go talk to the lender to find out if it is even worth messing with or not?

To be a property manager you must also have a real estate license.