Property Manager find better deals?

[Account Closed]

So i re-read the book "Rich Dad Poor Dad" and re-discovered that a good property manager often hears great deals before a real estate agents. But i don't get it, a property manager is a licensed real estate agent so how do they hears better deals than a typical real estate agents or even negotiators? 

[Stewart Guthrie]

Hey Dante,

We hear about the deals because the property owner usually lets us know, before the end of the lease or the expiration of our management agreement, that they intend to sell, or we take distressed properties over for owners who are tired of being a landlord, (in general or in a given market), and start considering a sale.

We have insight as to the performance of the existing tenant if the property is going be be sold as an occupied rental or the history and character of the neighborhood if it is going be sold as a vacant property.  

Many PM's also get involved on the sales side, we typically refer it out to agents or other property owners, (if they've made an effort to let us know that they are looking for more opportunities).  Ideally, we can retain the management of the property, but it's up to the new owner.

Hope that helps.