Quote from @Holly Barrett:
@Tim Jurik it really doesn’t make a lot of sense from the realtors time perspective to gather ALL of those items if the property isn’t of interest to you or it doesn’t fit your parameters from a quick glance. Typically we are moving so fast trying to get your eyes on properties and also you are probably set up on auto searches where we aren’t combing through every detail before the system sends you the listing.
Gathering all of that info before even presenting to you a) could become another full time job with zero return b) could lose you the deal due to not acting faster whilst waiting on rent roll that may never even come! Rent rolls aren’t always relinquished by the seller, some of them don’t have them even prepared. I think your expectations are slightly off respectfully.
Yep, and that's why I don't use a buyers agent most of the time unless I find the rare one who actually doesn't mind doing work.
I understand some realtors might not want to spend time digging up things for investors, but the OP asked what investors look for, so I
provided my view of the world.
The auto-collectors for filtering property close to useless - it doesn't help me to get streams of listings from some realtors that I can easily find myself through all the aggregating sites. Anyone can send me a list of things that match some price range, number of bedrooms, etc. When you do the actual work that allows investors (not just me) to evaluate a property you get to the top of the list and you get calls and you get deals. Providing no value-add is, well, not compelling. Why would I contact an agent that doesn't want to do any work or ask questions or get information they KNOW I want before presenting me with properties.
It's 2023. It should be easy to get me the info I need to put it in a spreadsheet. Heck, if someone is too lazy to do it, pay $10 an hour for a Virtual assistant to do it.
BTW, your profile says you pride yourself on "...gathering as much information on a property as possible". but in your quote above you say that as an investor I need to lower my expectations for a Realtor.
Again, if I have established with a realtor that I am a legit buyer, a cash buyer sometimes, and if they want me to work with them, they need to provide details for me without me always having to beg.
I am not unreasonable. I don't mind asking, but if I have to keep stating the details I need or I keep going to a realtor with listings that I pulled that I am interested in, then clearly that realtor is not providing as much value as they could.
As for your examples for rent roll - if you can't get them or it takes time, then put that in the presentation, but more than likely if there is no rent roll or that info is not forthcoming I will pass/cannot evaluate it, so move on to the next one.
