Investor clients in a seller's market

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Investor clients in a seller's market

Cody Benedetto
Member since 2021 · 67 posts · 52 votes

I'm curious to hear what strategies agents are taking to work with Investor clients in the hot seller's markets across the country. What's your approach? How are you helping investors find/close on cash-flowing properties in such a competitive climate? 

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Steele Dewald
Member since 2021 · 21 posts · 23 votes
5y

@Cody Benedetto I'm in the Park City market and I have started managing my clients properties at 10% to make the numbers work. The going rate for property management in Park City is 30-50% which makes it very difficult to cash flow at these prices.

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  • Steele Dewald
    Member since 2021 · 21 posts · 23 votes
    5y

    @Cody Benedetto I'm in the Park City market and I have started managing my clients properties at 10% to make the numbers work. The going rate for property management in Park City is 30-50% which makes it very difficult to cash flow at these prices.

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  • Jonathan Mueller
    Real Estate Agent · Park City, UT · Member since 2016 · 113 posts · 112 votes
    5y

    @Steele Dewald lets connect! I am a realtor here in Park City and would love to send your info to my clients if you are Really only charging 10%. 

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  • Jonathan GreeneBusiness Member
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    5y

    We just have all of our ducks in a row at all times. One-page on the investor, proof of funds and verified financing along with direct contact info for any lenders, clear goals and limited to three cities or towns. We are preaching patience. What is the point of being an investor if you are going to bid against other people to win deals, they aren't deals then. We help them work off-market and find properties they want by carefully tracking data and lead sources and via personal letter writing.

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  • Sean McDonnell
    Real Estate Agent · Surf City, NC · Member since 2017 · 648 posts · 597 votes
    5y

    It is a struggle for sure! Most of the offers our investor clients want to put in wont compete with primary residence offers for properties that are listed on the MLS. We are working on trying to build a system for finding more off market deals for investors. We have gotten a few contract for investors even in this hot market so it is possible, sometimes it just takes a while to get an offer accepted.

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  • Adrian Chu
    Real Estate Broker · Seattle, WA · Member since 2014 · 1k+ posts · 427 votes
    5y

    Look for off market opportunities.  I have 5 off market deals pending right now as we speak.

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