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FOUR HAPPY FLORIDA ATLANTIC UNIVERSITY STUDENTS

By
Real Estate Agent with Coldwell Banker BUYERS AGENT

 FOUR HAPPY FLORIDA ATLANTIC UNIVERSITY STUDENTS

 

  My challenge is to find four college men a home to lease for the coming term year

 

at Florida Atlantic University in Boca Raton.

 

WWW.FEDERALHOMEREALTY.COM

 

The steps I take are similar to helping a buyer with a home purchase.

 

1. First step is crucial to obtaining a lease for four college men who are sharing a home

2. I asked each of them to prepare a "resume" type letter stating their qualifications and

 

college majors and why they should be approved as a tenant for the term year.

 

3. Since all four parents of these students were signing the lease, a credit report and

 

background report were provided to me.

 

FOUR HAPPY FLORIDA ATLANTIC UNIVERSITY  STUDENTS

 

WWW.FEDERALHOMEREALTY.COM

 

4. Analysis of lease needs was a challenge in itself, since they wanted to share one home.

 

5. I research properties that met their creteria of four bedrooms and walking distance to the

 

beach and one other necessity was a community where they could bring a boat that one of

 

the students owned.

 

6. I sent Daniel ( I had one person that was the contact person ) a daily list of homes that met their needs.  

 this system works well with buyers or sellers as well.

 

7. I provide a list of local movers and self moving companies for them to check out moving rates

as two of them were moving within Florida.

 UNIVERSITY  STUDENTS

 

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8. I enformed them of the home lease process, since all four of them had different ideas on

 

what they wanted in a home to lease.

9. First step was to determine the absolute "needs" we then branched out to their "wants"

 

10. Make appointments and show property with all four men present

 

11. We reviewed every home after pre-viewing it to dicuss if it met their needs I gave each of them

a pad and pen to take notes and encouraged them to take photos to send to their parents

 

12. I stressed their "hot button " points

 

13. I enformed them of the approval process and time frame should they decide on a condo

 

14. Draft the lease and all pertaing paperwork

 

FOUR HAPPY FLORIDA ATLANTIC UNIVERSITY  STUDENTS

 

WWW.FEDERALHOMEREALTY.COM

 

15. Get information on utility companies for them (leaves them more time at the beach before

 

college starts)

 

16. I explain all paperwork for their out of state parents to sign and I then fax to four sets of

 

parents with request to return paperwork within four hours( which they did )

 

17. Collect security deposit, first month rent and last month rent, increase security deposit

 

to $ 4,000.00 dollars.(this was discussed with the parents at the beginning )to be put into office

 

escrow account.

 

18. Submit paperwork to landlord and follow up

 

19.Review signed contract with four students and parents via phone and emails

 

20. Recommend insurance companies for the contents

 

FOUR HAPPY FLORIDA ATLANTIC UNIVERSITY  STUDENTS

 

WWW.FEDERALHOMEREALTY.COM

 

21. Schedule HOA interview if needed or meeting with landlord.

 

22. Do a final walk thru on a furnished home

 

23. Verify address of owner for mailing monthly payments

24. Collect escrow money for final lease signing

 

25. Send copies of lease to parents to sign

 

26. Obtain keys to home and make four copies at local hardware store

 

27. Meet students at home with keys

 

FOUR HAPPY FLORIDA ATLANTIC UNIVERSITY STUDENTS

 

WWW.FEDERALHOMEREALTY.COM

 

28. Bring a "WELCOME HOME"  gift the following day

 

29.Working with four college students was a CHALLENGE  in itself

 

30. THANK YOU MERGE AND ACTIVE RAIN FOR THIS CHALLENGE

 

31. These steps are similar to most buyers , but presented more of a challenge working

 

with four different personalities.

 

 

                                       FAU LOGO

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32. FOUR HAPPY FLORIDA ATLANTIC UNIVERSITY STUDENTS

 

 

 

 

 

Posted by

IRENE DUROCHER -WWW.FEDERALHOMEREALTY.COMsoaring with eagles

COLDWELL BANKER

Boca Raton,Fla .33432

homesweethome4u@att.net     561-302-5813

http://activerain.com/blogsirenedurocher

Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

Good Morning Irene, you have a great strategy for a buyers agent!  I would highly rrecommend you.

Jul 18, 2012 09:50 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Nice details of how you help your clients and especially these four university students. Consumers don't realize all the steps necessary help with their searches!

Jul 18, 2012 09:56 PM
Irene Durocher
Coldwell Banker BUYERS AGENT - Boca Raton, FL
homesweethome4u@att.net

Thanks Captain Wayne for stopping by. It's all in a days work. I try to incorporate a different

strategy depending on the circumstances for each person.

Have a fabulous day.

Jul 18, 2012 10:36 PM
Irene Durocher
Coldwell Banker BUYERS AGENT - Boca Raton, FL
homesweethome4u@att.net

Hi Larry ans Sheila, It was quite a challenge working with four fun collegs students.

They kept me on my toes. Fortunately I had my own children that gave me plenty of practice.

Have an outstanding day.

Jul 18, 2012 10:42 PM
Roy Kelley
Retired - Gaithersburg, MD

Thanks for sharing your experience.  Owners frequently worry about the way that college students will treat the property.

Have an outstanding week with your camera in hand.

Jul 18, 2012 10:47 PM
Christina Ehli
RE/MAX Platinum - Brighton, Michigan - Brighton, MI
RE/MAX Platinum Brighton MI Real Estate Agent

Irene, Congratulations that it all worked out!  You obviously worked very hard for them.  Here in Michigan (Detroit metro area) it is difficult to find leases with the housing market as it is.  You have to find them on the first day or they are gone.  Are you finding a lack of leases in the Boca Raton, FL area too?

Jul 18, 2012 11:02 PM
Irene Durocher
Coldwell Banker BUYERS AGENT - Boca Raton, FL
homesweethome4u@att.net

Thanks for stopping by Roy. It is a challenge with college students. But they are soon to be

part of a profession and this was a good step for them.

have a fabulous day.

Jul 18, 2012 11:13 PM
Irene Durocher
Coldwell Banker BUYERS AGENT - Boca Raton, FL
homesweethome4u@att.net

Hi Christina, the rental market here is very busy. It is more difficult to find housing for

college students.

Have a great day.

Jul 18, 2012 11:30 PM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good morning Irene... After a very late night it's a very early morning here.  At first when I read your post I thought it said, You were looking for four college men for yourself... LOL.  After reading again I had a good chuckle at my insanity and now am sure I require more sleep :)  Have a grand day my friend.

Jul 18, 2012 11:31 PM
Irene Durocher
Coldwell Banker BUYERS AGENT - Boca Raton, FL
homesweethome4u@att.net

Hi John, I am glad you came to your sanity. I hope it is not misinterpreted by anyone else.

It is best to get to sleep earlier.

Have a wonderful day.

Jul 18, 2012 11:48 PM
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

And who says realtors don't earn their money?  32 steps for just a $500 payday? 

Jul 19, 2012 10:09 AM
Marcus Rice
Equity First Realty - Richmond, VA
Richmond, NOVA, Virginia Beach Area Realtor/Broker

Irene, Thanks for sharing detailed information about the students and real estate in your area

Jul 19, 2012 11:22 AM
Irene Durocher
Coldwell Banker BUYERS AGENT - Boca Raton, FL
homesweethome4u@att.net

Hi Kevin, I saw the credit report and back ground check on the parents.

I would say they could certainly afford the $ 7,400 a month lease.

And like they say , you never know where it will lead.

Have a great day.

Jul 19, 2012 11:24 AM
Irene Durocher
Coldwell Banker BUYERS AGENT - Boca Raton, FL
homesweethome4u@att.net

Thanks Marcus for stopping by. I really enjoyed working with them. They all have a bright

future ahead of them. They were a delight to be around.

Have a great day.

Jul 19, 2012 11:37 AM
Caleb Dean
Merge - Orlando, FL

I really like the way you wrote this post, Irene.  You made it specific to one exact client (or four in this case) so we could see specific details that are unique to them.  It really shows how each client needs specific and special attention.  Sounds like you really care about you job and really helped these students out!

-Caleb @ Merge

 

Aug 02, 2012 05:49 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Thanks Irene, I like your project break down, and I am sure that your clients like your results.

Aug 13, 2012 07:37 AM
Irene Durocher
Coldwell Banker BUYERS AGENT - Boca Raton, FL
homesweethome4u@att.net

Hi Bob, thanks for stopping by. All in a days work.

Have a great day.

Aug 13, 2012 08:54 AM
Debbie Cook
Long & Foster Real Estate, Inc - Silver Spring, MD
Silver Spring and Takoma Park Maryland Real Estate

Irene,

I never realized how much work goes into a rental.  You sure do your due diligence with your customers.

Aug 15, 2012 09:58 AM