Quote from @Gregory Schwartz:
Quote from @Travis Tamillo:
Hello all, Im about to retire from the Navy and am super excited about becoming a Real Estate Agent. I have been on board with an all military affiliated team with Coldwell Banker Vanguard;The Military Group for about a year. I have somehow managed to close 13 deals my first year while fully time Navy. I am here to learn more about my own personal investments as well as seeking out learning opportunities from like-minded individuals. Additionally, I really want to dive into the property management realm and am passionate about connecting and assisting other Veterans and Active Duty.
Hey Travis, you're doing better than I did. In my first 9 months as a full-time agent, I sold 0 homes! Glad you're building your business while still active duty, that's a powerful move!
What makes you want to get into property management? I manage my own portfolio and have worked as a PM for a very successful individual but have never considered managing other peoples properties. Margins seem low and the risk seems high.
In my area, I see a big need for a " military friendly" resource in the real estate market. There is a lot of turnover with Sailors constantly PCSing in and out of the area. Especially now, I am seeing a lot of people who bought during or right after the COVID pandemic and are in situations where they simply cannot sell their homes for any profit (many of them bought as new construction). Unfortunately, I see a growing trend of a lot of service members renting their homes at break even rates or at losses. My hope is I can gain their trust as a property manager and eventually be the one they turn to to sell later on or refer for business in the future. Margins are indeed low, but its good referral business and helps to build my sphere more.
I don't intend to manage a large portfolio at all though. Probably no more than 20 max.
