Sacramento Property Management

BUYER’S AGENTS

Often misunderstood are the people that represent buyers and investors. I started in the real estate business in 1967. Believe it or not as a representative for buyer investors. The buyer agent wasn’t invented yet.
Here is why I started using that strategy. I inherited some money back then and was interested in real estate. I asked people I knew if they could refer me to someone in real estate that would represent my interests. A few were suggested that were active in commercial real estate. However, they represented listings of their own or property they owned. I gave up and decided to enter in the business and find properties for myself. Later I decided to find investors that I would help build their portfolio. It was five years of starvation, but finally I hit it big representing investors and doing syndications acting as the General Partner. I made good money and a loyal clientele.
There were agents of a large commercial firm that would contact me and want to represent me. I told them I didn’t need them, that I represented my clients. This particular firm didn’t cooperative with other brokers and I reminded them that they would not get cooperation from me. I wrote a letter to their management and told them don’t send you people here anymore until you cooperate with your colleaques.
These agents would then go direct to my clients and try and get their business, but were told by their gate keepers that I was their representative and to contact me. That is an indication of arrival as an expert in the business.
The firm I mentioned today is cooperating in the business. Perhaps, it was
due to my scolding and others that changed their thinking.
My book HOUSE INVESTORS’ MANUAL will be published soon and has mention of this story and my firm recommendation not to buy real estate without representation. Reserve your copy at www.arbourpm.com click on new.

TIPS
Don’t Fight The Market…You Will Lose!

Don’t let $50 or even $100 stand in the way of making a rent deal. I have seen owners hold out for months for an extra $50 or $100. Don’t fight the market – you will lose. ($50 x 12 = $600) or $100 x 12 = $1200) What are you losing monthly by not renting now – ($1200?) ($1300?) ($1400?) per month if it stays vacant. Better to live with the market conditions and get some cash flowing now. When markets improve than you may be able to get the additional $50 or $100 per month. Recently we had a duplex with both sides vacant 4 months. We kept asking the owner to lower the rent. He reluctantly did, but in small amounts. After the 4th month we asked him to reduce the rent to what we thought might work. He agreed and the phone rang off the hook. We rented both sides to different tenants the same week.

You have listened to everybody else. It is time to listen to a property manager.
Coming this fall our new book HOUSE INVESTORS’ MANUAL. Read Chapter one on our web site www.arbourpm.com. Click on investors’ manual Then reserve you copy. The book is a must read from investors. Includes a chapter on a major subject never talked about plus a special supplement- Investment management.

Realtors and property managers get you copy before your client does.