So I was talking to this realtor…
about a property her client was interested in renting. She asked me what the comission was for leasing the property. I asked her what she meant and she was direct in saying, ‘how much do I get paid when my client signs a lease?’
I continued the questioning because I thought it would be interesting to hear the greed drip through the phone. She said usually the comission is ‘one half of first month’s rent’. Since we charge less for our own leasing fee, I had to tell her we do not have a commission to offer. That was the last I heard from her.
Now I don’t expect people to work for free, but some questions came to mind. What if this property was the absolute perfect one for her client? How much would that be worth? If a realtor located a property for a client, it was the ideal place, the client loved it and it improved the client’s life, wouldn’t they rave to all of their friends and family about the realtor?
The realtor might have received 10 referrals from that one prospect and maybe 10 more from each of the new referrals. Maybe 100 commissions were thrown away in a chase to get paid, rather than putting the client first.
At Sun Rock, we give before we get. The purpose of this blog is to give quality information to real estate investors. By doing this we have earned well-educated and informed clients for life. This is the difference between chasing a paycheck every month and building a successful business.
Not saying all realtors act like this, but anyone who does, Sun Rock Property Management does not want to do business with.
For quality property management in Lakewood Ranch, Florida, contact Sun Rock Property Management now.
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