Top Tips for New Real Estate Agents

As a new real estate agent, you may find yourself overwhelmed with prospect of running your own business.  Between obtaining new clients, managing listings, and staying in the red you’ve got a lot on your plate.  But don’t worry we put together a list of tips to make sure you become the successful agent you want to be.

adult-arrival-beard-4292481.      Find a Mentor

Sounds simple enough, right?  Finding an experienced agent to mentor you is a great way to learn the ropes and keep yourself accountable.  Whether your working for an office/brokerage or freelancing, a mentor will make you a better agent.  Seek one out as soon as you can.  adult-architect-blueprint-416405

2.      Shadow Great Agents

Tying in with our first tip, find an agent to shadow.  Following, and adopting practices of successful agents can really jumpstart your career.  Target agents that have a strong social media presence, and a large book of clients.  Use their roadmap, they found success by sticking to what works.

adult-beautiful-blur-9357563.     Continue your Education

You already obtained your license, but your education does not stop there.  Commit to learning more about your craft through online seminars, books, and agent meet-ups.  Many agents suggest treating your first year in real estate as grad school.  Focus on learning and building for the future.

adult-beautiful-caucasian-9149314.     Fill your Pipeline

The key to making money in real estate is constantly adding clients to your pipeline.  Having a full slate of work lets you avoid the common mistake of putting all your eggs in one basket.  Perfect deals can fall apart, and it is easy to get discouraged.  You can’t assume all your deals will go through so always have a backup.

architecture-buildings-business-3031595.     Build your Brand

Your brand is everything in real estate.  It gives you clout, makes you marketable, and draws more clients to you.  First step to building your brand is to establish a strong social media presence.  Create professional pages on Facebook, Twitter, and Instagram and reach out to clients.  Offer advice and get involved with discussions.

adult-agreement-beard-5735656.     Stay Flexible

Being open to criticism and embracing change will lead you to success.  You are your own business now, so you will want to be flexible and adapt to the ever-changing real estate market.  Keep an open mind and an open schedule and find your way.

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An Agents Guide to New Year’s Resolutions

1) Daily Schedule
pexels-photo-262550Ask any top agent about their weekly schedule and you will see it is very similar on a day to day basis. They have specifically set aside a block of time to work on very specific tasks; and most importantly they stick to their schedules! If you are having trouble crafting your schedule start by listing out all important tasks you must complete to build your rental and sales business.
Next, group all tasks into “must do daily” and “must do weekly” segments. Then prioritize all “must do daily” tasks in order from “most important” to “least important.”
The most important daily tasks should be the bulk of your daily schedule. You can then sprinkle in the weekly tasks where you have time.
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2) Be Consistent!
pexels-photo-101808One of the worst behaviors an agent can fall into is the inconsistency trap. Consistency with all aspects your business is a must to ensure prolonged success. Crafting and sticking to your daily schedule will allow you to be consistent throughout all aspects of your business. Consistency in your lead generation efforts is specifically important.
If you find yourself having very similar conversations with all your potential clients, it means you have become consistent!
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3) High-Tech, High-Touch
coffee-smartphone-desk-penThe Real Estate Industry is being flooded with productivity tools aimed at helping you be a better and more efficient agents. One such example is the Rental Beast Broker Portal with our CRM included or our Application Tool. Use these tools. It will help improve the efficiency of your business. However you must be cautious to not loose the personal touch old-school real estate agents relied upon! Every so often, send hand written notes to your clients or drop them a phone call, just to see how they are doing. This will ensure you don’t loose the personal touch!

Managing Applications Online

Long gone are the days of multiple hard-copy applications and burdensome, time-consuming vetting processes. Multiple online services have now made the application process a breeze for landlords.

The top benefits of managing applications online:

  1. Generate More Applicants

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Online applications are easily shareable and can be posted on a multitude of social media channels. Connect with tech-savvy, young consumers who are accustomed to using the internet. As a landlord, the more applicants you are able to easily generate, the more comfortable you will be with the tenant you accept.

  1. Save Time and Be Organized

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Life is much easier for a landlord who doesn’t have to print, mail, deliver and sort through hard-copy applications. Instead, digital applications are neatly organized in a single, easily accessible place.

  1. Security

1Sensitive information from hopeful applicants will be stored in a secure location, yet can still be easily accessed by landlords on the go. For applicants, this means peace of mind that only the correct people who are legally able to see their information actually do.

As a caveat, landlords will want to review the online application form of choice and what specific information is being collected. Rental Beast offers landlords a thorough application process with checks conducted directly through TransUnion.

It is also recommended that landlords reach out to applicants prior to filling out the online application. Submitting a substantial amount of personal information can be off-putting to some renters and can, therefore, lead to a lack of pertinent or comprehensive data.

4. Be Kept in the Loop as an Agent

1On Rental Beast’s unique application platform, agents are able to stay informed regarding where a client’s application stands in the process. While an agent won’t be able to access or see a client’s personal information (only the landlord will), he or she will remain a party to the entire process and won’t be kept in the dark.

 

 

Homes you can rent in the Miami area for under $2000 right now!

Rental properties are becoming the norm in almost every market across the United States. Those seeking a new home are making the decision to rent at an increasing rate; so much so that the supply is having difficulty keeping up with the demand. Though the market is expanding and catering to the renter, it can be a challenge to get a handle on the ideal price. Because of this, we’re happy to provide you with a glimpse at what under $2000 in rent will get you in one of our most popular markets! —RentalBeast.com

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Social Media Marketing is a must and here’s why

Social media is booming! In the real estate business, the use of social media platforms has become a sure-fire way to reach out and connect with your local market. Today, renters and home buyers expect businesses they work with to engage on social media, which is why it is important for real estate agents to make a presence on platforms like Facebook, Twitter, Snapchat, and Instagram. Social media gives real estate agents the opportunity to brand their real estate business by creating a business page that allows them to generate interest and leads without a huge financial investment. All social media platforms can provide important social engagement that can benefit building your business in different ways. Below are a few tips to properly use social media for your real estate business.


1. Post at the Right Times – You need to be posting when your followers are actually online—not when it strikes you or you “have the time.” You also want to make sure you post consistently and frequently. One or two posts a week won’t accomplish much; you need to be posting daily. It is easy to be overwhelmed and lose momentum, but having a plan will help.


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2. Vary your Posts – Every social media platform reaches a different audience and is made for different types of content. You want to post the proper media on each platform and use networks that align with your goals. You also want to be sharing content that is relevant to clients in your town or city. Along with property postings, mix in other content, such as neighborhood news, home maintenance, design and repair tips, and advice for renting, buying, or selling. Most experts suggest following the 80/20 rule, so for every two promotions you share, post eight pieces of informational or educational content.


tenor.gif3. Track your Growth- Many social media management sites allow you to track your growth by showing analytics and engagement, which will give more insight on what is working with your audience.

The Rental Beast Platform allows you to capitalize on social media by directly posting new and attractive listings directly to your Facebook and Twitter pages. With the largest database of listings in the DMV area you will have a leg up on your competing agents. Working with our Broker Support Team, you can learn some valuable tricks for how to strategically use social media and connect with a larger audience.

 

 

 

Why You Should Use a Realtor to Find Your Next Rental

Starting your search online for your next home to rent has become commonplace. But when it comes time to narrow your search, it may seem like homebuyers have the advantage of calling on a real estate agent to help them through the process. But renters shouldn’t sell themselves short. Many real estate agents will gladly represent a renter. It’s just a matter of connecting with the right professional who is familiar with the rentals in your target area.

By enlisting the help of an agent, you get all the benefits available to a homebuyer: professional experience, a personal touch, local knowledge, and an understanding of your budgetary constraints.

Here are four reasons you may benefit from using a real estate agent to help you find your next rental.

  1. 1Location: If you’re going to be living in a central neighborhood close to downtown, having a professional on hand would be extremely helpful. Often in a competitive market like DC, a real estate agent is necessary to help you get appointments to tour available spaces.
  2. Relocating: If you are unfamiliar with the DC Metro area and neighborhoods, it could be a major advantage to call in a pro who spends their days scouring neighborhoods for available homes.
  3. Time: Some perspective renters simply do not have the time to search websites, connect with landlords, and tour properties. Enlisting the help of an agent can eliminate that time crunch they struggle with.
  4. Touring: Besides large apartment communities, most rentals are run by mom-and-pop landlords and property owners, where calls and emails have the potential of going unanswered. Even if you’ve got access to the leasing office, businesses may close at 6pm, creating a very limited window to access someone who can assist you. It’s a real estate agent’s job to make that connection for you. With an agent representing you, it might be possible to schedule an after-hours showing or ensure the property manager knows you’re serious about your inquiry.

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Rental Beast has been partnering with real estate firms in the DC area to help support and train their real estate agents to be the most prepared and qualified professionals when it comes to helping perspective renters find their next home. With a database of up-to-date and available properties larger then any other website or professional listing service, the Rental Beast platform helps to make sure that any person looking for a rental property will find exactly what they need. Our agents work for some of the leading brokerage firms nationwide and take pride in providing that professional experience and local know-how to help you find your next home. No other platform can take you from first click to signed lease with greater ease.

 

Concessions on the rise

short-sale-foreclosure-options-rental-propertiesConcessions are not typically at the top of any hopeful renter’s list of criteria. With both the quantity and quality of concessions increasing nationally, most renters critically underestimate the value and prevalence of these available benefits. Concessions may include, but are not limited to, a free month’s rent, lowered security deposits and lowered monthly payments for longer lease agreements.

You might ask, why would any landlord give away free stuff? From the standpoint of a private landlord or management company, concessions can help attract quality tenants in a highly competitive marketplace and ensure monthly rent will not be lowered. Vacancy rates nationally are at their highest levels since late 2015. As a result, landlords continue to utilize concessions to maintain a competitive advantage in the marketplace.

The fact is, more and more rental units nationally are continuing to offer concessions. According to a presentation at the most recent NMHC Research Forum, 38.6% of rental units nationally are now offering free rent for four to eight weeks, up 7% year-over-year. Furthermore, more than 10% of rental properties are currently offering upwards of eight weeks rent-free. For the renter, this means more money in their pocket at the time of signing.

How might a hopeful renter find a unit that both matches their criteria and offers a quality concession? Rental Beast’s partner agents have access to the most comprehensive concession information available via the Rental Beast database of over 4,500,000 listings nationwide. As such, utilizing the Rental Beast platform is the optimal way for any potential renter to obtain the most value possible while available rental inventory continues to increase nationally.