Can realtors do property management in Chula Vista? We like to talk about how a real estate agent can make money off of rentals. First, it’s important to understand that managing properties is a full time job that requires a completely different skill set from selling real estate.
Can Real Estate Agents Do Property Management?
If this is something you seriously want to pursue, it’s important that you understand security deposits, broker issues, and landlord tenant laws. On any given day, when advertising a vacancy, it’s not uncommon to receive between 20 and 50 new emails for just one property. So, if you don’t have the systems in place that allow you to filter through those prospective tenants, coordinate showings, write leases, and provide sign and service notices for the property owners, you may want to consider partnering with a full service property manager.
Property Management Chula Vista Partners
When you decide to partner with a manager instead of doing the management yourself, it’s mutually beneficial to you and the property manager. You can put a Non-Compete Agreement in writing that assures you the property manager won’t steal your future commission checks.
How to Make Money in Property Management
Make sure the property manager you work with has a realtor referral program in place. This will allow you to earn a commission when you refer a client who needs management services. You will earn a referral fee and your client will be taken care of by a capable property manager. Your client will then be passed back to you if they decide to sell their home or purchase another property down the road.
If you have any questions about our real estate referral program or anything pertaining to Chula Vista property management, please contact us at Elite Property Management. We proudly serve San Diego, Chula Vista, National City, Lemon Grove, La Mesa, and surrounding areas.