We're doing just fine, thank you. How are you?
The RE Sales market is SO slow right now in my small town that sometimes I find myself reluctant to say that we're doing just fine! Why, are we doing fine? Because we handle Rentals as well as Sales.
We're coming up on our 5-year anniversary of opening Prest Realty. We opened on a half a shoestring; worked from our home for a month or two, then leased a small, upstairs office, a year or so later moved downstairs and larger. We've just made another move to larger and nicer space. In 5 years we've tripled the number of rentals we manage. Now when the Sales were booming we did our share, and when the market turns we will have a nice inventory of listings.
But we hear frequently from people, "Oh, I didn't know you do SALES". And from other Agents, "Prest Realty, they're real small and they do RENTALS" (I've had Agents introduce me to someone exactly that way). Some Agents seem to feel that rentals are second-class real estate. Now I really don't wish any of my fellow RE Agents ill, but I can't help a certain satisfaction that we are alive and well and prospering!
My husband tells people "we don't do rentals 'cause we LOVE them", in fact he says he thinks he is being punished for a former life. I love finding houses for Buyers, I like the excitement of a sale. But we're putting 2 sons through college on rental commissions, and that would be very hard to do right now on sales. Prest Realty is doing fine, thank you, here in Payson, Arizona.
Do you depend completely on Sales? If so, how are you surviving? If not, what else are YOU doing?
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