Questions to Ask When Vetting an Agent
Quick Goal Summary: I'm looking to invest out of state for cashflow. The most important thing I keep hearing about doing this is vetting your team. I'm speaking to ~ 10 agents to vet them out and want to ask the most important questions. Please comment on any important questions you think I may be missing. Here's my list, hopefully someone else can find this useful as well!
What got you into RE?
How long have you been working in RE?
What's your big picture goal?
How many investors do you work with?
Do you work with investors looking for cashflow?
Do you work with any out of state investors?
What price range of properties do you have experience with?
What areas are you most familiar with?
Do you walk any areas?
What areas do you stay away from?
What are the major benefits & challenges for investing in this area?
Can you do walkthroughs with video/pics?
What would be your advice for a new investor?
Can you tell me about a time you bought an investment property that didn't pan out?
Why don't you invest in RE?
How often do you get off-market deals?
Do you have contacts with contractors, property managers, inspectors, lawyers, accountants, bankers, or any other professionals?
Can I get an investor reference?
What are the normal hours I can contact you?
Why wouldn't you want to work with me?