Real Estate Agents in NJ. Would paying you more help?

Question

Agents share your thoughts please

We are looking to change our business model to pay more not less to investor grade real estate agents (Realtors) bringing us deals on distressed property opportunities. What about other incentives like gas/vehicle reimbursements, $ bonuses for great deals, re-listing opportunities on renovated flip deals and .....  you tell us NJ agents what do you need/desire to give us an edge?

Johnathan Boyle · Answer

Account Closed I was only offering suggestions since you did ask for them. I have started working with a few investors and it makes sense to them. Good luck in your search! If you are looking for a REI friendly agent in Northern NJ (more specifically, essex county or bergen county) Do not hesitate to contact me. Have a great day.

Account Closed · Answer

@Johnathan Boyle

I will admit we do mentor now in all levels of our business(s). That said we need properties NOW! Our investors are quite diverse and their demands can be challenging at times. That said we only partner with those aligned with the same goals and ideals as us. To spend time as a mentor with us requires a huge commitment (from both parties). That said we would rather provide above average compensation for a job well done with results needed in the short term as well as in the future. Again we have partnered with Realtors in the past but our in house performers that were not Agents we providing substantially better results using most of the techniques you read here on BP. I do like @Becca Summers thoughts on providing funds for marketing. That said we do a lot of marketing here  to include different types of mailings. So again a Realtor that offers more than just the give me money to market like you do does not fit as we have that already. Tell me you have non traditional contacts and lead generation techniques. That intrigues us and we are willing to pay for the results there of.... Lastly most Mentors we have had in the past that show signs of promise are offered very fair compensation packages for their efforts and remain here...

Account Closed · Answer

@Becca Summers.... Thanks for your reply. Finding truly dedicated full time Realtors that are truly vested in finding us REI Investors opportunity/grade properties appears to be at it's all time low. It truly might be the market is becoming depleted and there maybe to many investors. That said again I would be willing to up the ante for a Realtor(s) that hustles.... Someone that pounds the pavement, knows the markets we service and can work within our realistic budget and need expectations. Yes, they are realistic. Again I am trying to...  No, very willing to offer a compensation package that makes it worth the while of a true professional to bring deals to the plate for us... So yes offering both ends of deals is always on the table. What I would like to know are there other "Perks" we can offer beyond the norm that can create a truly fair reward system for all their hard work and shared loyalty... Thx Again...

Becca Summers · Answer

I would be willing to help a investor find more deals if they paid for and set up mailing campaign. I would be willing to answer the phone, evaluate properties, meet with sellers and pass any good properties to my investor.  Then keep others that dont meet criteria to list on the MLS

Another thought, I will tell investors about deals and once they pass up 3 or 4 without giving me good feedback of why they didn't like it pass them off as not serious.

Becca Summers · Answer

I'm not in your area but to answer your question. I'm always trying to find more clients and repeat clients. So when I bring a deal to an investor if they buy it I want to the chance to relist the property. I understand you wouldn't have to use me so I need to add value to the investor so I keep my investors updaded on the market and take them to potienal competition to get an idea of what others are doing.

Referring your friends and family would alsohelp.p