There's More Than One Way to Get Paid in Real Estate - Pay It Forward
Just recently I had a rental client that I would have liked to drop. It was an extended family of Mom, Pop, 4 adult kids, two of whom were married, with two infant grandchildren. They were looking for a 4-5 bedroom house to share. Together their incomes could support the rent of the typical 4 bedroom home and their references were stellar.
The problem was they needed something immediately and their credit was either lousy or non-existent. I was getting frustrated working with them, because every time I found them something they liked, the landlord would reject them based on their credit history.
So, why didn't I drop them? They were super honest, nice people, with a strong sense of family. The respect and honor displayed by the adult children to the elder parents and the pride of the parents in their children and grandchildren was exemplary and a lesson in life for us all - it's what inspired me to persevere with them.
I finally found them a home that works ideally for all of them. I was able to "sell" them as ideal tenants to the landlord, because of their honesty, conscientiousness, and work ethic. For the landlord, it was a win-win situation since the home had been vacant for close to two months and the immediate occupancy was a draw.
What I learned from this is there's more than one way to get paid in real estate. Though rentals don't come with a big paycheck at closing, the payoff is in the satisfaction and contentment received by helping someone find a place to call home and the things you learn from them along the way.
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