TNREIA Preferred Real Estate Agents
(Investor Friendly Agents)
How to Find a Real Estate Agent Who Understands Investment Properties
Real estate investment properties help generate retirement income and help provide long term financial security. Before you acquire an investment property, you should understand the real estate market in which you're making your acquisition. The most efficient way to go about this process is through an experienced real estate agent who understands the investor market. Here are some tips to help you ask the right questions to hire the right real estate agent:
1) Find a Real Estate Agent With Investor Experience
Like any profession, before you hire someone, you should take a look at their resume and experience. A real estate agent who understands investment properties will have information & references from former clients who’ve worked with them in the past. Verify that the information & references the agent is giving you is correct.
2) Does the Real Estate Agent Know the Local Area?
Understanding the local market is essential in real estate. A Real Estate Agent who has experience in the marketplace will have better knowledge of the value of the investment. Whether it’s a commercial investment or you’re taking a stab at becoming a landlord for the first time, a real estate agent who knows the market should be able to answer the following questions;
- Who will rent the property?
- What are the occupancy rates?
- What is the average property appreciation & how long does it take to resell?
3) Networking– It's all about who you know
You’ve heard this before “It’s all about who you know.” This is so true, especially in real estate.. Someone who specializes in real estate investments, should be much more immerged in the community and receive information on properties before they reach the market. The first question you should ask a potential real estate agent is “Do you have the right team in place to ensure this process goes smoothly?”
4) Does the Real Estate Agent Understand "ROI"?
Investment real estate agents are always on the lookout for the best deals. Finding a good deal is great, but understanding "ROI" is imperative. Before you select a real estate agent, make sure they understand your criteria & goals for the investment. These are important points to bring up to the real estate agent so they can help you find the right investment to achieve your goal;
5) Does the Real Estate Agent invest in Properties?
Once you interview a few real estate agents, you will find that many are investors themselves. Find a real estate agent who has investment properties because they will have first-hand knowledge, which could mean fewer mistakes. Don’t be afraid to ask questions about their experience and how they became successful.
Disclaimer: Tennessee Real Estate Investors Association does not exist to render and does not give legal, tax, economic or investment advice and disclaims all liability for the actions or inaction taken or not as a result of communications from or to its members, officers, directors, employees and contractors. Each individual should consult his/her own professional advisor.
Tennessee Real Estate Investors Association publishes general real estate educational information to help further your full or part time real estate career. Our goal is to educate the investor based on information edited from material contributed by leaders in the real estate investing, legal, accounting, property management, financial, legislative and other related professions.
Tennessee Real Estate Investors Association makes every effort to produce and publish the most current and accurate information possible. Moreover, because of the ever-changing laws relating to landlord-tenant relationships and other aspects of real estate, specific application of any of our material to a member’s individual situation should be made only with the advice of local legal counsel. No warranties, expressed or implied, are provided for the data we publish, its use or its interpretation.
Tennessee Real Estate Investors Association its officers and the contributing members specifically disclaim any liability for loss or risk, personal or otherwise, which may be incurred as a consequence, directly or indirectly, of the use or application of any of the ideas, concepts, techniques, forms, documents or contents presented or implied at meetings or other educational forums presented by this association.
By attending any of the activities provided by this association, the member hereby releases, discharges and agrees to indemnify the Tennessee Real Estate investors Association, its respective officers, directors, members, employees and/or contractors, past or present, from any and all liabilities associated with our organization.
The viewpoints expressed and methods promoted by speakers at the Tennessee Real Estate Investors Association events are not necessarily those of the staff, or leaders of the association.