While most real estate agents focus exclusively on primary residence buyers and sellers, a smaller group of agents builds thriving businesses by specializing in investment properties. These agents understand something crucial: investment property clients don't just buy one property and disappear – they build portfolios, requiring multiple transactions over many years.
As a real estate agent, you're always looking for ways to expand your business, increase referrals, and create additional revenue streams. Yet many agents overlook one of the most powerful partnership opportunities right in their market: strategic relationships with professional property management companies.
DIY property management comes with a web of hidden costs that can quickly erode those anticipated savings. As their trusted real estate professional, understanding these hidden expenses will help you guide your clients.