Wednesday, May 25, 2011
Tuesday, May 3, 2011
The secret is out, real estate prices declined a bit over the past 4 years or so!
No doubt the past few years have seen a few changes to our market. While most of the changes would fit into the "I didn't need that" category, a few opportunities have come to light.
One of these, is the rental market and the opportunity to provide these services for your clients. In PA, the services need to be provided through a broker, but therein lies a great opportunity for the agents of today.
Your office provides the framework for the property management, including all the not so fun work of collecting rents, calling in repairs, etc. You get to:
- Increase your range of services - It is pretty simple here, the more topics and tools you can offer someone the more people, clients, and profit you stand to make. The rental market is starting to grab the headlines, be prepared!
- Engage with future buyers - The vast majority of the rental market includes those who want to buy, but just are not ready. With a well thought out, but simple follow-up plan, who might these folks turn to?
- Learn the property management business - so when you're ready to build your investment portfolio you or your office will have the right tools in place.
Opportunity lurks out there, are you or is your office providing the tools for today's client?