You’ve completed your real estate education Waltham and passed the Massachusetts salesperson licensing exam. You’ve chosen a sponsoring broker and are ready to work. Now what? The broker will walk you through the ins and outs of real estate, but make sure to follow these simple rules to help you become a better agent.
Learn How To Listen
There is a big difference between hearing and listening. You can hear a sound without giving it much attention. You listen when you actively try to hear something. When your clients talk to you, pay attention to them. Never be afraid to stop and ask clients to repeat themselves or to clarify a point they are making. If you don’t listen, you’ll end up sending clients listings to properties that won’t work for them, which can lead to frustration. A discontented client is bound to look for a different agent.
Work on Your Email Communication
When writing professional emails, always practice good grammar and ensure that your communications are clear and easy to understand. Never send an email without stopping to read it first. Doing so will help you catch glaring errors. You’re a real estate agent, not a writer, so why does proper grammar even matter? Your clients are spending hundreds of thousands of dollars on a home, and they want to be guided through that process by a polished professional they feel comfortable with. Clients are also more likely to refer you to their friends if you’re the full package.
The following should go without saying, but always be nice to your clients. Buying a house is just as stressful as selling one. In some cases, clients are facing some difficult life situations that have forced them to move. Set aside your personal issues and make sure you always treat clients like you’d want to be treated. … Read More...
Multifamily real estate can be a great investment. Many individuals, like Steven Taylor, have seen great success. Properties are typically easier to finance than single-family homes. They can start providing income right away due to monthly rents received from tenants. You can even live in one of the units if you want. Here are a few tips to help ensure that you get the most out of your investment.
Know What You’re Buying
Before you invest in a property, you should look it over thoroughly for any issues that require repairs. A building inspector can help to find issues that might not be immediately noticeable, allowing you to understand the exact condition of the property. You should also review the essential documents. Request expense and income reports, past utility bills, tax information, leases, and rent payments.
Make Sure You Have A Cushion
After your initial investment, you’ll have several ongoing expenses including insurance, repairs, and upkeep. While rent helps to cover these expenses, issues may come up. There may be numerous repairs in one year. You might have more vacancies than usual. Some tenants might not pay their rent on time. You should have an emergency cushion that can help to cover monthly costs if something goes wrong.
Determine Who Will Manage the Property
As Landlord, you can choose to manage the property yourself. If you choose to manage your property, you’re responsible for collecting rents and dealing with repair requests. If you would rather not be bothered by these responsibilities, you can choose to hire a property manager. You still own the property, but the manager takes care of the rent and the tenants for you.
When looking for a multifamily property, make sure that you have an experienced real estate agent who can help you to find a property that suits your needs. You may also want to consider a real estate attorney. When you take your time and do your homework, you’re more likely to have a successful investment.… Read More...