Hot Air Time - Is It Time for You to Go? Or time for you to investigate being a Property Manager?

Reblogger Wallace S. Gibson, CPM
Property Manager with Gibson Management Group, Ltd.

As a property manager, I AM taking social security * investing it in the stock market * I am NOT retiring as I love the work I do and I make a very good living doing it.

More agents need to REDIRECT their focus and get educated as property managers to SURVIVE for the next 3 to 5 years.

Original content by David Saks TN LIC# 290452

What good is a license without work, some real estate professionals may ask ?

Forgive me for not being Stefan Swanepoel, although his prediction about too many agents entering the business in 2006 was right.

Getting listings is easy for some and a pain in the neck for others.

Working with the MLS can be a chore, especially if you're a non-affiliated brokerage.

mister ed

And the loud cries of Sherman Anti-trust law violations cross paths with every real estate association when competition with the sacred REALTOR®-affiliated MLS appears imminent.

Real estate consultation, contract review and market analysis are key assignments for brokers, like myself, who don't take listings, but refer them instead to other agents of my designated choice.

Part of the motive for this is because of concerns with the restriction of free trade, violations throughout the nation concerning the Federal Trade Commission, rumored violations of Sherman Anti-trust laws committed by REALTOR® boards, and the advent of competng, non-nar affiliated multiple listing services providing the real estate licensee with the right to choose which multiple listing service they prefer within the listing area of their regional REALTOR® affiliated association.

The other part of the motive is that I'm wasting my time.

I've referred hundreds of listings in the last ten years and never accepted a referral fee.

Nor would I ever accept a fee, unless I were a co-op broker and my client had an interest in the referral and bought the house.

I've been invited to lunch and dinner a few times by mid-south agents, nothing more.

Is that hot air ? Isn't that what it takes to get your balloon off the ground ?

Tell me the damned truth, or coveted for that matter ?

Would Stefan Swanepoel, also think that now's a good time for you to resign, start drawing your Social Security, or find another job before you file for bankruptcy ?



David Saks

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Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

Wallace, as a Realtor, it serves me twice over, one to get my husbands listings, and two to keep fresh with laws applying to the rentals we own and I manage.

Jan 29, 2012 10:53 AM #1
Mark Delgado
houses for rent, Solano County & Glen Cove - Benicia, CA
Benicia and Vallejo, Property Management, rental h

We've been described as "coming out of nowhere" or simply as "lucky timing" but the fact is that we've worked for years slowly building and laying the foundation for what we have now.  Yes, the market is helping, but solid property management skills are marketable regardless of market conditions.  The agents that get into property management simply to survive and then dump this aspect of the business when sales return aren't likely to develop the reputation and skill sets that take years to refine.

Jan 29, 2012 03:20 PM #2
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA

Ditto Mark * I urged a struggling real estate agent friend for years to get into property management and I even offered to mentor him - I want someone I could refer business to and he got it 5 years ago - just in time to partner with a newbie licensed friend starting a second job and the rest is history!

Jan 29, 2012 10:18 PM #3
Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

I agree Wallace and although I have nothing to put into the stock market I am enjoying what I am doing

Jan 30, 2012 01:48 PM #4
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA

Joyce * If I was not buying our local utility stock, I would spend it on SHOES!


Jan 30, 2012 09:41 PM #5
C. Lloyd McKenzie
Albuquerque, NM
Living Albuquerque

As a Realtor who one day plans to open my own brokerage, I do not see myself managing properties.  I have done the courses in property management, and I am smart enough to know that I would not excel in it.  I will transition out of Real Estate Sales to Investing.  As for the stock market, swing trading is the way to go 

Jan 31, 2012 02:46 PM #6
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