All Forum Posts by: Zach Sikes

@Haitham Abbasi

BP is a great place to start.  

An additional option might be to find out who other investors in your are are using.  You might call the listing agents on other flip properties to see if they are taking additional clients.  What are you telling the agents or receptionists when you call?

Find someone else.  Find the person  that will help you and understands that your time is valuable.

I knew a guy here that did it. He didn't see a dime. 

Welcome @Kevin Fitzgibbon! 

This is a great place to start and stay motivated. 

@Johnny L.

Try "The Millionaire Real Estate Agent" by Gary Keller. It's a great start. I can send you a copy if you want. 

@Johnny L.

I love the opportunities of a real estate agent. It's not complicated, and there are plenty of successful people to model your business after. Your success is directly proportional to what types of activities you do and how hard you work. If you are interested in chatting more about it, let me know. 

@Bryan Gamble

I've had one in OK for the last few years. It's paid for itself over and over and over again. PM if you want a recommendation on a provider. 

@Jeff Howard 

We have copies of the HOLD book here in our office.  If you would like a copy, pm me your address and I'll send you one over.  I give them out to our clients/investors.

@neil g

I see your point. If you have an offer on the table, take it - especially when you are a seasoned investor. The problem is 80% of the agents don't have the education or market knowledge to provide the value. Once a property hits the MLS, Realtors are not supposed to solicit the listing. It's against the Realtor Code of Ethics and they can even lose access to the MLS. Even if the property is a limited service or entry only, it still counts.

The bait and switch drives me crazy as well.   "I have a buyer ready..." 9 times out of 10 there is no buyer.  IMO, if are honest and provide a valuable service then you will have work.  If you bait and switch, use sketchy tactics, or try to lock someone in to agreement that is not mutually beneficial, then you shouldn't be in business to begin with.  

Your last example, where the FSBO had an offer then decided to go ERTS with the agent not producing sounds flawed. Either the seller should have taken the offer to begin with and move on, or the property is not marketed correctly, or the agent took an overpriced listing and should have told you to take the offer you had. The agents should be honest up front. If you have a good offer, then take it. On the other hand, if the FSBO agrees to employ the agent, he/she should stick to the agreement. His/her choices are to either take the first offer, continue to market the property on his/her own, or hire the agent.

@Account Closed 

Great question.  I can't speak for everyone, just myself. I only list properties ERTS. For us, it's s business decision. I know that we can sell properties. Our sales plans work, and our sellers agree. 

I also think that we are just like any other sub.  As an investor, you hire a good agent just like you hire a good plumber. Do you see many plumbers working the same job as other plumbers or the owner where only the one that completes a specific piece getting paid? 

For an investor, their time is generally better spent working on their business than in it.