Why would a REALTOR® help you obtain a rental when they could be helping someone buy a house?

By
Real Estate Agent with Buyers Advantage Real Estate Corp. (c: 703.216.5635)
http://actvra.in/CYR
Why would a REALTOR® help someone obtain a rental when they could be helping someone buy a house?

When I first obtained my license it was certainly something on the back burner.  All I wanted to do was ensure my business was filled with someone who either wanted to purchase or sell a house.  Now I have to say the table has turned, kind of...

If you have the kind of business that is busting at the seams with purchases and listings, I understand you have no room for rentals, however, the rental market is exploding, at least here in Northern, Virginia. Who said we couldn’t do both? We still are faced with short sales and foreclosures, and yes, these people have to find somewhere to live, so this is why REALTORs® help someone obtain a rental when they could be
helping someone buy a house:


  • It provides a source of leads for prospects who want to buy next year
  • It provides a source of leads for tenants who may want to buy this year and didn't realize they were able to
  • It provides quick paychecks (relatively small but they add up!)
  • It allows you to become more familiar with houses, neighborhoods, models, features, etc
  • It allows you to become more proficient with CMAs, MRIS, Zipforms, DocuSign, etc
  • It allows you to practice and perfect your communication skills
  • It allows you to interface with and build relationships with other agents
  • It builds your knowledge, experience and confidence.


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Serving all areas of Prince William, Fairfax, Stafford, Alexandria, Arlington and Spotyslvania Counties. Guiding you through the process of purchasing or selling residential property.                 

                                                                                                                   

 Cheryl Thomson, Realtor ® | 703.216.5635 | cheryl@buyercoach.com | Buyers Advantage Real Estate Corp | 4004 Genesee Place, Suite 113, Woodbridge, VA  22192

 

            





                                                                                                                                                    



                                                                          

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John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
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Hi Cheryl - Yep I agree that being in the Rental business will provide all the things you listed.  I dabbled in rental years and years ago but these days don't.  Who knows life may come full circle but for now I'm a happy camper being a full time listing and selling Realtor®. 

Hope you had a good weekend and are taking the week on with full force my friend.

Jun 25, 2012 11:29 AM #1
Rainer
200,519
Cheryl Thomson, REALTOR, Retired (U.S. Army)
Buyers Advantage Real Estate Corp. (c: 703.216.5635) - Woodbridge, VA
Real Estate in Northern Virginia

Hi John.  I hear you, however, IF you were here you may just have a change of mind

Jun 25, 2012 11:38 AM #2
Rainmaker
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Jeffrey DiMuria 321.223.6253 www.SpaceCoastHomesNow.com
Fontaine Property Group - Melbourne, FL
Your Space Coast Real Estate Expert!

Cheryl...a good Realtor...who follows up with his or her past clients will look at leases as future money in the bank. Great lead source.

Jun 25, 2012 12:00 PM #3
Rainer
200,519
Cheryl Thomson, REALTOR, Retired (U.S. Army)
Buyers Advantage Real Estate Corp. (c: 703.216.5635) - Woodbridge, VA
Real Estate in Northern Virginia

Jeffrey....BINGO!

Jun 25, 2012 12:03 PM #4
Rainmaker
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Marti Garaughty
garaughty.com - Montreal, QC
a highly caffeinated creative type. The Art of Mar

garaughty, abstract art, graphic design, WordPress consultant

Jun 25, 2012 12:47 PM #5
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Good post.  We have converted many tenants to purchasers at the end of their leases.

Have an outstanding week.

Jun 25, 2012 01:16 PM #6
Rainer
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Cheryl Thomson, REALTOR, Retired (U.S. Army)
Buyers Advantage Real Estate Corp. (c: 703.216.5635) - Woodbridge, VA
Real Estate in Northern Virginia

Wow Marti, thank you again for featuring me!

Jun 25, 2012 02:09 PM #7
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

I've done 7 rentals already this year and I have converted a few past renters into buyers.  Many of my rental clients are military families who are here for 1-3 years so they are transient and not looking to buy now but they do refer me to friends who are.

Jun 25, 2012 02:24 PM #8
Rainer
200,519
Cheryl Thomson, REALTOR, Retired (U.S. Army)
Buyers Advantage Real Estate Corp. (c: 703.216.5635) - Woodbridge, VA
Real Estate in Northern Virginia

Hi Cindy, thanks for your comment.  We would be crazy in this market especially where we live not to.  

Jun 25, 2012 03:32 PM #9
Rainer
200,519
Cheryl Thomson, REALTOR, Retired (U.S. Army)
Buyers Advantage Real Estate Corp. (c: 703.216.5635) - Woodbridge, VA
Real Estate in Northern Virginia

Hi Roy, love the flowers and appreciate your comment.

Jun 25, 2012 03:33 PM #10
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Debbie Reynolds
Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730 - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Cheryl, Kudos for helping those renters out. They need help too and I am sorry to say I have very little time for them. I usually only do personal referrals and my own rental properties. I usually have to squeeze these in between my other business. But I truly admire you.

Jun 25, 2012 07:44 PM #11
Rainmaker
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Kathy Sheehan
Movement Mortgage 770-634-4021 - Atlanta, GA
Branch Manager

If there is a chance of a relocation or other life event, perhaps renting is a better option that purchasing in this market.  Kudos for providing another service.

Jun 25, 2012 07:48 PM #12
Rainer
200,519
Cheryl Thomson, REALTOR, Retired (U.S. Army)
Buyers Advantage Real Estate Corp. (c: 703.216.5635) - Woodbridge, VA
Real Estate in Northern Virginia

Thanks Debbie, as you know each market is different, here rentals are hot.

Jun 26, 2012 06:48 AM #13
Rainer
200,519
Cheryl Thomson, REALTOR, Retired (U.S. Army)
Buyers Advantage Real Estate Corp. (c: 703.216.5635) - Woodbridge, VA
Real Estate in Northern Virginia

Hi Kathy, I appreciate your visit and comment!

Jun 26, 2012 06:48 AM #14
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Charita Cadenhead
Keller Williams Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

It's not for everyone Cheryl and I'de venture to say that most agents will pass on this, but the smart cookies like yourself can clearly see benefits.

Featured in Bananatude.

Jun 26, 2012 08:13 AM #15
Rainer
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Cheryl Thomson, REALTOR, Retired (U.S. Army)
Buyers Advantage Real Estate Corp. (c: 703.216.5635) - Woodbridge, VA
Real Estate in Northern Virginia

Hi Charita! Thanks for the feature and I agree, agree that I consider myself a smart cookie!:) Thanks so much for visiting.

Jun 26, 2012 10:17 AM #16
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Kristin Hamilton
Keller Williams Realty - Redlands, CA
(909) 557-6966, CDPE, SFR, CHS-Redlands/Loma Linda

Hi Cheryl,

 I have primarily been a listing agent most of my career and dabble with buyers which is a nice change. I have never done a property lease agreement as everyone says it is a lot of paperwork for very little in return so when I get calls, I just refer (no fee) them to one of my friends at another brokerage that likes to do them. It gives her pleasure. I guess I should do one anyway to say I know how to do it.

Great post Cheryl! I think you have convinced me to do it even if it is just once.

Jun 26, 2012 10:42 AM #17
Rainmaker
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Marisa & Demarco Fletcher
Remax Kings Realty - Riverside, CA
The Hunter Group

Beautiful post! Many agents in our market, don't want to help renters. If they are educated about the market and what to expect, I find them to be a great source of business. Great post.

Jun 28, 2012 10:12 PM #18
Rainer
200,519
Cheryl Thomson, REALTOR, Retired (U.S. Army)
Buyers Advantage Real Estate Corp. (c: 703.216.5635) - Woodbridge, VA
Real Estate in Northern Virginia

Kristine.  I always say don't knock it until you have tried it!

Jun 29, 2012 05:45 AM #19
Rainer
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Cheryl Thomson, REALTOR, Retired (U.S. Army)
Buyers Advantage Real Estate Corp. (c: 703.216.5635) - Woodbridge, VA
Real Estate in Northern Virginia

Hi Demarco and Marisa.  Your right, however I look at all opportunities, thanks for visiting and your comment.

Jun 29, 2012 05:46 AM #20
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Cheryl Thomson, REALTOR, Retired (U.S. Army)

Real Estate in Northern Virginia
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