Real estate is a lucrative industry with a low barrier to entry.
After obtaining your real estate license in Merced, you're ready to start selling homes, but did you know there are even more ways to generate income?
Beyond selling houses, you can make a career as a real estate consultant, home stager, or real estate marketer. Property management is also a booming industry, ideal for people with real estate experience.
As an agent, you can supplement your income by partnering with a property management company that offers a real estate agent referral program.
Learn more in this agent guide.
What Does a Property Management Company Do?
Every real estate agent should be an expert in property management. It's the practice of maintaining and upgrading properties, collecting rent, marketing homes, and overseeing accounting.
Real estate investors are typically the target market for property management. Homeowners who rent out their homes in the summer or own second homes in vacation spots also seek out property management services.
Many property management companies have property buying and selling services for investors. Thus, this industry regularly works with real estate agents to list homes and close deals.
Real Estate Agent Referral Program
Companies like Chosen Property Management also have agent referral programs for agents like yourself. These programs speak to the importance of facilitating a complete client experience.
If you're an agent who works with real estate investors, you also understand the value of hiring a property manager. For example, through the referral program, your client will have a dedicated property manager to maintain, upgrade, and market the property to leads. They'll also oversee the move-out maintenance process, preparing the property for the next occupant.
Homeowners or investors who want to sell their property will also receive expert property management services to ensure they get the best possible price for their home.
Joining a referral program lets you focus on growing your client base, generating even more income. This program may also be a springboard for a future agency. You'll have more capital and cash flow to hire agents.
Together with property management, you can facilitate a true full-service experience.
How to Start the Process
Your first step is to contact a property management company and talk to a manager. An expert will walk you through the referral program.
During your consultation, you will learn how to combine real estate agent services and property management to drive profit.
This partnership is an excellent marketing opportunity that can help you land even more clients from the beginning. Reference these partnerships in your marketing material; this type of referral program will help build trust with clients, showing that you care about the long-term condition of the property.
Make sure to reference property management services on your website, social media, and print marketing like brochures.
Optimize Your Real Estate Career
Think beyond selling homes and consider the profit potential of partnering with a property management company. Remember this guide as you learn more about our real estate agent referral program.
Call us today to speak to a property manager who can help you achieve your goals as an agent.
