Getting work from brokers/realtors - REO Property Preservation Forum
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post #1 of 21 (permalink) Old 09-18-2012, 01:06 PM Thread Starter
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Getting work from brokers/realtors

Hello Everyone! I am new to the forum and wondered if someone can give some advice on getting work from realtors. We are a small company based in East Tennessee. We have been doing preservation work for the past 2 years...and are learning more and more every day! We are trying to gravitate away from the field service companies and hopefully contract with some realtors. What do you say when approaching them for work?

Just trying to get some good guidance. We really want to make this business grow and get somewhere
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post #2 of 21 (permalink) Old 09-18-2012, 01:14 PM
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Originally Posted by sfpres View Post
Hello Everyone! I am new to the forum and wondered if someone can give some advice on getting work from realtors. We are a small company based in East Tennessee. We have been doing preservation work for the past 2 years...and are learning more and more every day! We are trying to gravitate away from the field service companies and hopefully contract with some realtors. What do you say when approaching them for work?

Just trying to get some good guidance. We really want to make this business grow and get somewhere
Put on good walking shoes and start knockING on those doors.............Never give up!!!
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post #3 of 21 (permalink) Old 09-18-2012, 01:36 PM
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I say HECK NO!

Why work for a realtor?

They are super picky and they don't pay well.

I would ten times rather go after homeowner in the private sector money flows quicker and the pay is better.
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post #4 of 21 (permalink) Old 09-18-2012, 03:25 PM
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If you are doing work for nationals or regionals now, then you should have information to the broker who will be listing the house. Make sure to create some face time with them and contact them via phone and email regading the work your doing on their properties. Weed out the middle men and grow your contacts.
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post #5 of 21 (permalink) Old 09-18-2012, 08:32 PM
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Originally Posted by REO2Rentals View Post
Put on good walking shoes and start knockING on those doors.............Never give up!!!



Yup, face time and more face time.


It'll take time to work your way into this too.
Lots of patience.

Professionals are people who can do their job when they don't feel like it.
Amateurs are people that can't do their job even when they do feel like it.
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post #6 of 21 (permalink) Old 09-22-2012, 09:34 AM
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Face time is a bonus the more you talk to them and they see your work the more it helps. Also creating a pamphlet about your company, leave business cards and flyers at every reo you do also helps. You really want to create a buzz about your business and let them know you exist.
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post #7 of 21 (permalink) Old 09-22-2012, 10:42 PM
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I'll work for realtors over nationals ANY DAY! Little to no photos and payment in 2-3 weeks VS hundreds of pictures and payment in 6 weeks plus. No brainer!!
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post #8 of 21 (permalink) Old 09-23-2012, 05:29 AM
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Yep, and NO discount!
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post #9 of 21 (permalink) Old 09-23-2012, 11:09 AM
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Good if you get a good realtor. my worst paying customer was a realtor. Half of my invoices were never submitted. The other half were but he deposited the money into his account and didn't pay me. Had to set up a payment plan on that half and had to track down the asset management company on the rest and send them photos. All in all about six months to get my $4-5k
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post #10 of 21 (permalink) Old 09-23-2012, 11:29 AM
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Good if you get a good realtor. my worst paying customer was a realtor. Half of my invoices were never submitted. The other half were but he deposited the money into his account and didn't pay me. Had to set up a payment plan on that half and had to track down the asset management company on the rest and send them photos. All in all about six months to get my $4-5k

I live in small town America so i don't have this issue as no realtor wants a bad reputation. If i did have any issues, i would contact the local board of realtors showing them all my paperwork. Things get straighten out REALLY quick when the realtors license is at stake. Communication is key as well. I am in contact with ALL my realtors at LEAST once a week. Currently this totals over 20 realtors and the few minutes on the phone ='s THOUSANDS in business. Go text at 5AM yesterday with an address, lockbox code and instructions to wint house & sprinklers. Realtor was on his way to Eastern Montana to go Elk hunting for a week and will have no cell signal. He knows that the property WILL be taken care of........
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