Property managers or property management companies are a great source of seller leads and investor leads that is often overlooked. They know the property owners and their financial situation on any given property they manage for the investor. Why? Because they collect the rents and handle the expenses associated with the proeprty. They might even see the mail coming to the property and know whether the property is going into foreclosure or experience financial distress.
They may manage multiple properties for any given property owner, so they have an established relationship with these people. They might be abel to refer a property owner to you to sell a prpoerty quickly or become a money partner on a deal you are working on.
Why would they do this? They want to keep managing properties. If a property is going into foreclosure or is distressed in some way, they might lose that proeprty, thus that income. It is in their best interest to do what they can to maintain if not increase the money they have coming into their property management business.
If you dangle a carrot that their referral could lead to them managing the property in the future, might just be what is needed to get the referrals you are looking for.
You can find these companies listed in the phone book, online, and via local property managment associations. They will even advertise in front of properties with vacancies. Keep your eyes and ears open....you never know what you will find or learn.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125