I am just starting out as an agent at KW and want to get a few rentals since you make money within the same week. I need to make some quick money to start out since i am out of a job.
Who should i be marketing to for these deals? how do i find them? i did a direct mail campaign to absentee owners and sent mail to them 5x but only got people who wanted to sell, not rent.
Hey Devin, this might be a stupid question, but you said you got calls from sellers looking to sell; why not list and try to sell their property as you continue to look for rentals?
I don't know how many sellers called you from your marketing, but you could possibly sell these leads to investors, or to other realtors.
If you need quick cash go down to your local real estate investing association and offer to list investors houses for a flat fee. I worked with a realtor/broker who listed all my houses for $300.00 and I paid the buyers agent 3%. He made good upfront cash from lots of investors. And he made $300 up front whether the house sold or not.
Hope this helps Devin.
Try to find your local Landlord association and ask around. You also may want to learn as much as you can on leasing to get yourself up to speed and on you way to being an expert. Find a seasoned agent with leasing experience and apprentice with them.
It can take time and patience to be able to provide a repetitive income so you may want to think of your finances and plan accordingly.
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