Today we are dealing with transferring property management over to our company for an apartment building owned by our client landlord. The process of dealing with this company as led us to believe that they are a non-professional property management Read more…
Author: Sandra Watkins
Georgia Rental Group uses an 800 number on our property management signs in the Atlanta and Canton Georgia markets. Here are three reasons why this is a good rental property marketing tool. Efficient Tenant Screening Our 24 hour 800 number Read more…
Tired of trying to manage your rental property? Try my Tri-Fold Comprehensive Landlord Services Program I’m The Rental Nerd! CALL ME 770-324-3680
How I Help Cherokee County Landlords Buy Investment Homes for Rental Income Sandra Watkins is The Rental Nerd. Sandra is the Broker and owner of Georgia Rental Group. In this blog post, Sandra explains how she helps landlords to acquire Read more…
I know..I know.. working with investors and wholesalers is not everyones cup of tea but I have and will if it’s a good deal for my client. Having said that after two days of dealing with a wholesaler it’s tempting to change my policy. How many lies can one person tell or should I say how many truths can one omit?
I write the offer, get it accepted, ask for the wholesalers contract and here is where the fun starts.
Wholesaler says, “we have to close by the 21st” Actually the wholesaler does not even have a final acceptance from the bank (a short sale) so there is no way this is going to happen.
Wholesaler says, “will have you my contract with the seller in 10 minutes” Actually it took 2 days because he did not have a copy.
Now when the wholesaler can not get the selling agent on his transaction to call him back he is in a panic and has put me in the position of telling my client bad information. Red flags are waving in the breeze by the hundreds at this point.
You would think after 14 years of working with buyers and sellers I would know better. I have learned from it and will be more careful to verify information when dealing with non-agents in the future.
What I was told… I am closing on this house on the 21st and looking for a buyer.
The truth… He does not have an accepted offer with the bank yet and when he does he will have 30 days to close. He also has a person who come to find out is licensed but inactive who contacted me in the beginning who is not identifying herself as such and is working as a middle man.
There is a lot of this going on at least in the Atlanta area. A very slippery slope I feel and the inactive agent is breaking rules at every turn. No wonder we have issues with public trust.
So in the future I will stick to the investors and wholesalers I know or one where I can get a reputable one to vouch for and I will be sure to tell my client that anything can happen on these off market deals so buyer beware.
I am seeing more and more homes going up in our area as well. I welcome the building but not the long build times. I am not seeing a 9 month wait here yet.
The Crazy Days are Back, New Construction Stretches Out
Labor Shortages Causing Longer Lead Times
Today I worked with a customer contracting to build/buy a new home in Naples. Contract to move-in time was quoted to be nine months! Now, we’re talking about a nice home but it is a builder’s tract home model.
What’s causing the delay? In general, a labor shortage. Homes are lined up just waiting for the availability of labor and material to start the next phase.
We drove buy several homes in the state as the one pictured to the right. Blocks are up and they are sitting there waiting their turn for delivery of trusses and the labor to put them up. We were told that the shortage is nationwide.
Now isn’t that interesting…? Looking for work…?
I know there are two sides to every story but today has been one of those days where agents working for the banks have complained, lectured and refused to submit an offer for me. They appear to be angry at the amount of work they are having to do to submit offers. Well sorry but someone wrote that offer and that was work as well.
Low offers are just a part of the business right now with all the foreclosed inventory on the market. Taking it personal is very unprofessional. As long as banks are accepting low offers they will continue to get them. I work with investors as well as all buyers. Submitting a lot of offers is just the way it is when you work with well financed investors who are actually getting great deals.
I am not trying to be rude but….
What you have to do to satisfy your client, the bank, is not my problem. If you hate it then quit and I am sure there are 100 agents in line to take your job. I am going to do what my client needs done to get the deals.
Do not expect me to be passive when you decide you need to lecture about a “proper” offer. I will bite back! Just submit my offer and don’t get your panties in a wad.
Manners have gone out the window with agents right now. Like I told an agent the other day….Let’s just say what it is! You are trying to pacify an asset manager and make yourself look good at the expense of the agents trying to sell your inventory.
Complain and gripe all you want. I am going to continue to run my business the way I want and make the offers my clients want to be made. If you say you are not going to submit my offer expect the gloves to come off. I have filled out your 26 page addendum and the GAR form as you requested as well as my information and my clients information in triplicate. Just submit the offer already!
I know agents working for the banks are covered up in paperwork but so am I. Lets just all do our jobs and with a smile please. Things are not going to change any time soon.
I am finding vacant properties all over the place that are not listed as of yet. I have a buyer that wants to make an offer on a Fannie Mae property that is just sitting there. Does anyone have any idea who I would contact, or is it a lost cause? I want to help my client. This is not the first time it has happened and it would be great to find a way to make this client happy and to help others as well. Any advise would be appreciated.