Business Management

How To Find An Investor-Savvy Real Estate Agent

Expertise: Landlording & Rental Properties, Personal Development
20 Articles Written

Finding a real estate agent that understands what it means to be investor friendly can be extremely hard. This is an agent that understands that you will be placing in the lowest bids possible, which translates to a lot of potential work with less commission for them.

Want more articles like this?

Create an account today to get BiggerPocket's best blog articles delivered to your inbox

Sign up for free

However this real estate agent not only exists but can actually be easy to find by searching for a local property management company.

This is especially helpful for new investors as they deal with the day to day managing of renovating, renting, and managing tenants for that specific local area.

Lisa Phillips

Lisa Phillips is an REI coach that exclusively advises everyday investors on how to cash in on working class neighborhoods for higher profits wi...
Read more
    Eric
    Replied about 6 years ago
    That is probably a great way to find a investment property. Many people that hire a PM firm, want to get out of the investment property, and they can potentially facilitate a deal to sell the property that they are managing. Or help you identify some that way. I have found that many retail realtors, do not have a clue what an investment property is, let alone how to sell it to an investor. Some want you to buy any property, some do not know how to analyze a property, some do not like submitting offers that they ‘know’ will not be accepted. I have made multiple offers on different properties, knowing that some will not go through. All RE can be a great investment, at the right price.
    Lisa Phillips
    Replied about 6 years ago
    I have to say I agree 100% It’s actually a pet peeve of mind when I hear a new investor say something like,”Well, my real estate agent said_____(enter comment a someone who has never invested might say)!” Its frustrating. Because they sell homes, they are automatically imbued by any new investor with the knowledge of how to invest homes. News flash: They can be as green as you are! The caveat is, however, a real estate agent running a PM company. They deal with rents, repairs, buying, selling, cashflow for that local area, and that is the kind of person you want to ask the advice of, regardless of them being an real estate agent or not. Its so obvious that this is a great way to find them (That and at real estate investing conferences), but you have to be in the game for some time before things like this become clearer.
    Lisa Phillips
    Replied about 6 years ago
    I have to say I agree 100% It’s actually a pet peeve of mind when I hear a new investor say something like,”Well, my real estate agent said_____(enter comment a someone who has never invested might say)!” Its frustrating. Because they sell homes, they are automatically imbued by any new investor with the knowledge of how to invest homes. News flash: They can be as green as you are! The caveat is, however, a real estate agent running a PM company. They deal with rents, repairs, buying, selling, cashflow for that local area, and that is the kind of person you want to ask the advice of, regardless of them being an real estate agent or not. Its so obvious that this is a great way to find them (That and at real estate investing conferences), but you have to be in the game for some time before things like this become clearer.
    Lisa Phillips
    Replied about 6 years ago
    I have to say I agree 100% It’s actually a pet peeve of mind when I hear a new investor say something like,”Well, my real estate agent said_____(enter comment a someone who has never invested might say)!” Its frustrating. Because they sell homes, they are automatically imbued by any new investor with the knowledge of how to invest homes. News flash: They can be as green as you are! The caveat is, however, a real estate agent running a PM company. They deal with rents, repairs, buying, selling, cashflow for that local area, and that is the kind of person you want to ask the advice of, regardless of them being an real estate agent or not. Its so obvious that this is a great way to find them (That and at real estate investing conferences), but you have to be in the game for some time before things like this become clearer. Reply Report comment
    Brett Synicky
    Replied almost 6 years ago
    Love that idea Lisa! As somebody who’s currently working to become an agent part of my due diligence is figuring out what type of client I want to work with. Obviously listings will be key but working with investors can be a double dip many times over! Love the video blogging also! Thanks!
    Lisa Phillips
    Replied almost 6 years ago
    I think thats a WONDERFUL idea: You may not get the higher commission, but its an income you can rely on each year, as well as referrals from other investors!
    Julia W. from Monterey, California
    Replied about 2 years ago
    Hi Lisa, thank you for the advice! This seems in line with what I’m looking for as a new investor.
    Sam Roselli
    Replied almost 2 years ago
    I don’t know if you’ve moved on (old post), but THANK YOU LISA!