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Why would a REALTOR® help you obtain a rental when they could be helping someone buy a house?

By
Real Estate Agent with United Real Estate DC Metro Region (703.216.5635) cheryltee47@gmail.com
Why would a REALTOR® help someone obtain a rental when they could be helping someone buy a house?

When I first obtained my license it was certainly something on the back burner.  All I wanted to do was ensure my business was filled with someone who either wanted to purchase or sell a house.  Now I have to say the table has turned, kind of...

If you have the kind of business that is busting at the seams with purchases and listings, I understand you have no room for rentals, however, the rental market is exploding, at least here in Northern, Virginia. Who said we couldn’t do both? We still are faced with short sales and foreclosures, and yes, these people have to find somewhere to live, so this is why REALTORs® help someone obtain a rental when they could be
helping someone buy a house:


  • It provides a source of leads for prospects who want to buy next year
  • It provides a source of leads for tenants who may want to buy this year and didn't realize they were able to
  • It provides quick paychecks (relatively small but they add up!)
  • It allows you to become more familiar with houses, neighborhoods, models, features, etc
  • It allows you to become more proficient with CMAs, MRIS, Zipforms, DocuSign, etc
  • It allows you to practice and perfect your communication skills
  • It allows you to interface with and build relationships with other agents
  • It builds your knowledge, experience and confidence.


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Serving all areas of Prince William, Fairfax, Stafford, Alexandria, Arlington and Spotyslvania Counties. Guiding you through the process of purchasing or selling residential property.                 

                                                                                                                   

 Cheryl Thomson, Realtor ® | 703.216.5635 | cheryltee47@gmail.com | Jobin Realty | 9327 Main Street, Manassas, VA 20110

 

            

 

 

 

 

                                                                                                                                                    

 

 

                                                                          

John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Hi Cheryl - Yep I agree that being in the Rental business will provide all the things you listed.  I dabbled in rental years and years ago but these days don't.  Who knows life may come full circle but for now I'm a happy camper being a full time listing and selling Realtor®. 

Hope you had a good weekend and are taking the week on with full force my friend.

Jun 25, 2012 04:29 AM
Cheryl Thomson REALTOR Ret Army
United Real Estate DC Metro Region (703.216.5635) cheryltee47@gmail.com - Prince William, VA
Associate Broker in Northern Virginia

Hi John.  I hear you, however, IF you were here you may just have a change of mind

Jun 25, 2012 04:38 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Cheryl...a good Realtor...who follows up with his or her past clients will look at leases as future money in the bank. Great lead source.

Jun 25, 2012 05:00 AM
Cheryl Thomson REALTOR Ret Army
United Real Estate DC Metro Region (703.216.5635) cheryltee47@gmail.com - Prince William, VA
Associate Broker in Northern Virginia

Jeffrey....BINGO!

Jun 25, 2012 05:03 AM
marti garaughty
garaughty.com - Montreal, QC
a highly caffeinated creative type...

garaughty, abstract art, graphic design, WordPress consultant

Jun 25, 2012 05:47 AM
Roy Kelley
Retired - Gaithersburg, MD

Good post.  We have converted many tenants to purchasers at the end of their leases.

Have an outstanding week.

Jun 25, 2012 06:16 AM
Cheryl Thomson REALTOR Ret Army
United Real Estate DC Metro Region (703.216.5635) cheryltee47@gmail.com - Prince William, VA
Associate Broker in Northern Virginia

Wow Marti, thank you again for featuring me!

Jun 25, 2012 07:09 AM
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

I've done 7 rentals already this year and I have converted a few past renters into buyers.  Many of my rental clients are military families who are here for 1-3 years so they are transient and not looking to buy now but they do refer me to friends who are.

Jun 25, 2012 07:24 AM
Cheryl Thomson REALTOR Ret Army
United Real Estate DC Metro Region (703.216.5635) cheryltee47@gmail.com - Prince William, VA
Associate Broker in Northern Virginia

Hi Cindy, thanks for your comment.  We would be crazy in this market especially where we live not to.  

Jun 25, 2012 08:32 AM
Cheryl Thomson REALTOR Ret Army
United Real Estate DC Metro Region (703.216.5635) cheryltee47@gmail.com - Prince William, VA
Associate Broker in Northern Virginia

Hi Roy, love the flowers and appreciate your comment.

Jun 25, 2012 08:33 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Cheryl, Kudos for helping those renters out. They need help too and I am sorry to say I have very little time for them. I usually only do personal referrals and my own rental properties. I usually have to squeeze these in between my other business. But I truly admire you.

Jun 25, 2012 12:44 PM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

If there is a chance of a relocation or other life event, perhaps renting is a better option that purchasing in this market.  Kudos for providing another service.

Jun 25, 2012 12:48 PM
Cheryl Thomson REALTOR Ret Army
United Real Estate DC Metro Region (703.216.5635) cheryltee47@gmail.com - Prince William, VA
Associate Broker in Northern Virginia

Thanks Debbie, as you know each market is different, here rentals are hot.

Jun 25, 2012 11:48 PM
Cheryl Thomson REALTOR Ret Army
United Real Estate DC Metro Region (703.216.5635) cheryltee47@gmail.com - Prince William, VA
Associate Broker in Northern Virginia

Hi Kathy, I appreciate your visit and comment!

Jun 25, 2012 11:48 PM
Charita Cadenhead
eXp Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

It's not for everyone Cheryl and I'de venture to say that most agents will pass on this, but the smart cookies like yourself can clearly see benefits.

Featured in Bananatude.

Jun 26, 2012 01:13 AM
Cheryl Thomson REALTOR Ret Army
United Real Estate DC Metro Region (703.216.5635) cheryltee47@gmail.com - Prince William, VA
Associate Broker in Northern Virginia

Hi Charita! Thanks for the feature and I agree, agree that I consider myself a smart cookie!:) Thanks so much for visiting.

Jun 26, 2012 03:17 AM
Kristin Hamilton CA REALTOR
Berkshire Hathaway California Realty - Beaumont, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Cheryl,

 I have primarily been a listing agent most of my career and dabble with buyers which is a nice change. I have never done a property lease agreement as everyone says it is a lot of paperwork for very little in return so when I get calls, I just refer (no fee) them to one of my friends at another brokerage that likes to do them. It gives her pleasure. I guess I should do one anyway to say I know how to do it.

Great post Cheryl! I think you have convinced me to do it even if it is just once.

Jun 26, 2012 03:42 AM
Demarco & Marisa
Remax Kings Realty - Riverside, CA
"The Choice is Clear!"

Beautiful post! Many agents in our market, don't want to help renters. If they are educated about the market and what to expect, I find them to be a great source of business. Great post.

Jun 28, 2012 03:12 PM
Cheryl Thomson REALTOR Ret Army
United Real Estate DC Metro Region (703.216.5635) cheryltee47@gmail.com - Prince William, VA
Associate Broker in Northern Virginia

Kristine.  I always say don't knock it until you have tried it!

Jun 28, 2012 10:45 PM
Cheryl Thomson REALTOR Ret Army
United Real Estate DC Metro Region (703.216.5635) cheryltee47@gmail.com - Prince William, VA
Associate Broker in Northern Virginia

Hi Demarco and Marisa.  Your right, however I look at all opportunities, thanks for visiting and your comment.

Jun 28, 2012 10:46 PM