OfflineHello good day my fellow DG members,
Lately I have decided to think outside the box to fish out these off market deals in my local area by contacting rental ads since there are lots of my competitors going after fsbo.
Here are my questions which I have for ONLY EXPRIENCED RE Investors on DG.com
1) A rental ad which was listed online by realtors, does that count?
In my opinion, I think it counts because when I contact these realtors and tell them if they owner have considered selling it for a cash purchase and the owner yes. I go ahead and put a offer with realtor representing me as a buyer. I know I would be able to get more inspection days. since the property is not already listed on mls
2) I called a rental ad this afternoon and I realize the person who posted the ad was a property management company. I asked her if the owner have considered selling it for a cash purchase and she told me she will ask t owner and get back to me later this evening. I told her if I buy the property, I will pay her a referral fee to show my appreciation.
Here is my question: When dealing with property managers in this case, how much fee is fair enough to pay them? Is their a percentage?
Feel free to share your thoughts with me and I would appreciate any response to any of these questions. God bless!
my Favorite Quote Of Today: "You cannot force a good attitude upon someone. If they want to live unhappy, discouraged and in self-pity, that’s their choice. Don’t allow them to drag you into the pit with them."- Joel Osteen
TC
Miami Florida
"If you are not doing something that help the universe or God or your family, or YOU, is that something you should still be doing?"-Dean Graziosi
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Usually, the PM will arrange his/her fee with the seller (their client) because the PM will be the one opening up the property to allow viewings and will be negotiating on his/her client's behalf. We attempted to purchase a rental that had a property manager involved. I initially contacted the owner who had it posted as a rental. After the initial contact, he put me in direct contact with the PM, and she began to negotiate for him. We didn't end up getting it, though. Just feel free to ask the PMs how are they compensated in the event you buy one of their client's rentals.
Thank you
My favorite quote Today: "The perfect time to start something never arrives START NOW!"- T. Harv Eker
TC
Miami Florida
"If you are not doing something that help the universe or God or your family, or YOU, is that something you should still be doing?"-Dean Graziosi
"Each day do one thing to get you closer to your dreams because if you do today what others are not willing to do, then tomorrow you can do those things that others are only dreaming about doing!"- Joe Jurek
Follow me on my road to being a BILLIONAIRE http://bit.ly/1q7aOFX
Go LIKE my official facebook page http://on.fb.me/1qQGO6i
You're welcome, dear