Summary: I just wanted to take a few minutes and answer some questions that I have been getting about working with Realtors when wholesaling lease options. "Do I work with a Realtor or not?", " What are they going to do for me?", "What and how do I pay them?".... I get these questions all the time and others just like them. Tune in to this video to hear how I address these types of questions and much more. Many feel that working with Realtors seems to go against the philosophy of what we do as real estate investors, but I’m here to tell you it doesn’t have to be that way. Take a few minutes to listen to what I have to say and you just might find that you have an ally in your REI business. Watch and enjoy: What's inside: 01:35 – Why even work with an agent? 02:51 – Why you need to make lists for everything you do 04:00 – How using a vanity number will save you time 04:34 – Are you prescreening your lease-option buyers too much? 05:58 – How much should you share with the Realtor? Tweetables: [Tweet "Investors - get your license, or work with a Realtor."] [Tweet "Ask yourself this question: "How can I get someone else to do all of this for me?" "] [Tweet "What can a Realtor do for me as an investor? Watch and see…"] Mentioned in this episode: www.jumpkids.com Transcription: Download episode transcript in PDF format here... Joe: Hey, everybody. Joe McCall here. I'm just going to do a quick little video. I have a break. I am right now at the kids' Vacation Bible School at our church. It's the highlight of the year. There's at least 6,000 ... Well, there's about 5,800 kids here over these 2 weeks. It's so much fun. I just had a little break. I was going through my emails, and I got an email that I get asked a lot, and so I thought I would just do a quick video about it because I've got nothing better to do. Anyway, it's a question I get a lot about working with realtors when it comes to flipping lease options. I'm just going to answer this question as best I can real quick. The question comes in as "I have a specific question about realtors. When we outsource our marketing for tenant buyers to realtors, what are their exact responsibilities?" One of the things I teach in this business is that you should either get your license or work with a realtor who is licensed when it comes to marketing and selling your properties. Say hi to the kids. Say hi, everybody. That's just like 10 of the 6,000 kids that are here. Anyway, so what kind of responsibilities and assignments are you going to give that agent to do for you, and why even work with an agent? Well, the reason is, is because there's issues with brokering without a license, as we all know, and I've talked about this in my course a lot. When you're finding a property for another person ... Now, you could argue that's not what we're really doing because we're using an option contract. We have equitable interest. We're a principal in the transaction. I prefer just to play it safe, so I suggest if you're doing lease options and you're flipping lease options, either get your license or hire a realtor to market and sell the homes for you, okay? If you do that, then what do you have the realtor do? Everything. Okay, so just make a list of everything that needs to be done, and then ask yourself this question: "How can I get someone else to do all of this for me?" That's how it works, okay? Now, what does a realtor do for me? They advertise the property, they put it on Craig's List, they do the bandit signs, they take the calls, they put it on my website, they give the applications out, they get the applications back, they collect the application deposits, they send them to the company we use to pre-screen the tenants, and then they handle the paperwork, and they help me with it. What do I pay them? I pay them usually one month's rent, half of a month's rent, just depends. In my course, I have a checklist that's pretty extensive,
