5 Benefits of An Investor Agent Partnership In Jacksonville Florida

As an investor in Jacksonville, Florida real estate, you might not really see the reasons for taking the time to forge a relationship with an investor representative. Do you not just eat into your own earnings and compete against the agent with whom you work? Not true!-Not true! Creating a strong partnership with an investor agent will bring multiple benefits for both parties. Here are five benefits of a partnership between an investor agent.

MUTUAL REFERRALS

The characteristic of a successful business is in receiving more referrals than cold-recruited clients. Referrals mean you have pleased former customers, colleagues and business partners who trust you enough to give you their friends and family.

You have someone who has worked with you in a professional capacity, as well as a wide variety of contacts, to send you a steady stream of high-quality referrals while dealing with an agent.

In the reverse, by referring them to the agent, you are able to help your friends, clients and other connections. You know they'll get great service, making them more likely to refer you to both of their friends and connections.

MORE CONNECTIONS

Connections are everything in the real estate business, whether as an investor or an agent. The more people you know, the more likely you will find out about new opportunities and acquire new customers.

However, at some point, your own personal network will bottom out and you will maximize the people's business potential within your network.

However, if you form a partnership with an investor agent, you add the entire network of another person to your own network, doubling your business opportunities-or more. And the more people you meet, the more people they connect you to, and the more you can broaden your network.

MORE PROFITS

If you're working with someone who works with you and has access to people looking to sell their property or rent other properties, you've got the chance to make more profits.

If your real estate agent partner is referring business to you, you would not otherwise have that business. And when you refer people to your real estate partner looking to buy a property, they get more profits.

As your partnership expands, you can also give each other a referral bonus for referring to new business, which means more money for less actual effort in your pocket.

MORE RESOURCES

Forming a partnership with an investor agent means both of you bring your individual resource sets into the partnership. Whatever marketing, office support, or other resources you each have, as part of your partnership the other gets access to those resources.

That means that if you are struggling to promote your rental opportunities, you can access your real estate agent partner's marketing resources and improve your chances of filling out your investment properties for less effort and at lower cost.

SECOND SET OF EYES

Have you ever walked with rose-colored glasses into a potential house, not seeing the flaws until much later in the purchase process? That can cost you a great deal of time, effort and money.

Nevertheless, when you have a partner in Jacksonville, Florida real estate business, you get a second set of eyes that you can add to any property you are considering investing in. The real estate agent will help you find the advantages and disadvantages of each property and make the best decision about whether to invest or not.

On the other side of the coin, you will help your real estate agent partner look at the properties they have been asked to list and provide your market knowledge on a fair listing price, any upgrades and other things that might help the seller get the best price for their house.