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WE ESTATE? (when too many are involved in Real Estate)

By
Real Estate Broker/Owner with people first...then business Ran Right Realty 636943 licensed to thrill

Its the old classic behavior that shows up here and there because of human failure and weakness. Doctors complain that patients don't listen and interfere yet patients want help. Attorneys tell you to keep your mouth shut yet clients cause their own self-inflicted misery 90% of the time. Real Estate agents are not exception-ed either. There is always a client or principal that has to play co-agent

WE ESTATE?

My license only says my name on it. Only I know what it took to get it & what I agreed to do & not do. I don't partner up with non-licensed people. Why? We would have two different mind-sets that's why. I am held to high standards of conduct while others can come and go as layman tend to do.

TEAMWORK WORKS

People mean well. I understand that when selling property or even managing it, a type of team is formed that includes everyone but it is also understood that there is just one person on point. Then, the team functions as created & does what is intended. Some principals foul-up the team concept...

PROPERTY MANAGEMENT

I had one of the biggest property management firms in Southern California decades ago. It was just a well-run and managed firm with one focus which was to manage property, optimize and protect that investment & to treat all involved fairly but with priority ranking. We were the 'go to" for management

SORRY NOT AT THIS TIME

As a result, we had many wanting us to manage their property. We had to reject clients who interfered, were too greedy, didn't make repairs, follow instructions or made trouble with tenants or us for that matter. Property management comes with its own challenges. We had to turn some clients away

SELECT CLIENTS

Today, I only work certain segments of Real Estate choosing my clients and circumstances. I only manage property for a select few people mostly as a favor. I have one particular client now that is a nice guy and good to work with but he likes to co-manage. The problem is that he is the problem

EXPERIENCE ALWAYS PAYS

I set boundaries in business based on many factors the majority of which has to do with being proactive and preventing  problems. Having spent 20 years in the court rooms have taught me how to navigate through them and stay out of them too. While others are learning, I am preventing. 

GETTING CHUMMY WITH TENANTS?

My client is learning. He is the classic of the subject. He means well, doesn't know he is doing anything wrong but if something doesn't go right the trail leads to him. For instance, I don't allow verbal agreements but he gets chummy with the tenants and as a result, there are now verbal agreements

THE OWNER SAID?

Whether they are legal or enforceable doesn't matter. They are confusing if in writing I say one thing and verbally the owner says another. I wouldn't blame the tenant if something went wrong and they accused the owner and then me over a clause or an issue. All they would say is "the owner said"...

WHO IS IN CHARGE HERE?

We all know that two people in the same saddle cannot ride well. Kitchens don't want more than one chef either. Marriages operate under some order or they don't work. The nature of  every activity, game or business is defined by the rules. There are a rule givers & rule acceptors. Commitment runs the show

WEAK MANAGEMENT

In the event of an issue, there is a rule enforcer. When too many people are allowed to express unwanted or unprofessional opinions, we don't get a better foothold but instead a weak management position. Look toward government as a prime example. Way too many people involved! Simplify works

SELLERS MEAN WELL

On selling Real Estate, I understand the sellers mentality, what drives it and how to service it. One of the worst things a principal can do is to reveal knowingly or not... an issue that doesn't need to be addressed or may injure our market or business plan. Of course Sellers believe it to help not hinder. Not true at all!

EXPENSIVE LESSONS

On buyers, I have seen them pass-up their agents and try to secure terms, or deals thinking they can or argue against what everyone in the business already knows wont work or turn out well. Of course it they get their way & it fails, well hindsight will teach just fine. Its the price for that hindsight that stings

HERE'S THE THING...

Whether it is your doctor, attorney, agent or counselor, if they have been engaged to perform, let them. Ask plenty of questions and work with the hired professional and the results usually come in as projected. Remember, these professional people know the downsides and that is important in anything

YOU PAID TO NOT LEARN

In time, I am sure many of us could figure out some of the law, taxes, Real Estate, medical and a host of other things but who has the time or the inclination? Thus, we outsource or pay for the service. So be it

Comments (6)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

If those others budding in on the deal why did you hire me for

Aug 31, 2017 04:21 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

William Feela ...gives us the whole post in one good sentence thank you William

Aug 31, 2017 05:12 PM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Richie, such great lines and important points for all who dabble in property management need to heed...now you know why I stay away from it...I know what I do well at and that is not a strong one!

Sep 01, 2017 04:01 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Hello Ginny Gorman ...your command stands dear lady & thank you

Sep 01, 2017 06:41 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Why hire someone to do a job and then not let them do it, Richie Alan Naggar?   Makes no sense and seems to be a bad use of money ...

Gene

Sep 09, 2017 08:49 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi ...your comment is the fortune cookie version of the posting thank you Gene

Sep 09, 2017 01:29 PM