As I think more about real
estate, I think maybe I should explore doing rentals vs. sales.
With that in mind, I contact
a large real estate company known primarily for rentals. One of their offices is about three blocks
from my home. It’s an easy commute, even
in bad weather. The Senior Managing
Director of this office agrees to meet with me.
I get to the interview and
the person I am supposed to meet with can’t make it. Instead, I am introduced
to his associate, a good-looking, charismatic guy named Daren.
The meeting — these really
aren’t interviews — goes well. Daren is
personable, informative, and helpful.
But I learn some things I hadn’t known before. First, there is an upfront charge to join the
firm of $600. Also, I’d be responsible,
as an independent contractor, for advertising the properties I’d be trying to
rent. The estimated monthly cost for this is
about $500/month. No wonder it’s so easy
to get hired.
I’m really not sure what to
do. I’d prefer sales, but I’d be
starting without a list of rich friends and relatives who are looking to
sell. Plus, it can easily take six to
eight months to close on a deal. Rentals
are faster money. But running all over
the city, day and night, hustling after every listing, trying to get ahead of
the $500 a month I’m spending — I’m not sure about that either.
Funny, 75-hours of real
estate classes and I don’t remember once being told I'd have to pay to get hired! Oh well, I guess I'm still learning.
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