PropertyManagementMaven: How is YOUR Referral Network? Who do you REFER to?

How is YOUR Referral Network? Who do you REFER to?

I am very fortunate to have GREAT owners and residents who refer owner and tenant prospects to me....I HEART referrals!

UNFORTUNATELY, I rarely take the properties that are referred to me and I ALWAYS thank those who give me these referrals.....

I received an e-mail this morning from a new investment owner of a short sale that he and his wife will be repainting over the next few months.  A current OWNER and a current TENANT both mentioned my name to him and he acknowledged in his e-mail that he may well be over his head in his purchase and remodeling efforts.

They bought a split-level, short sale, built in 1960 and when I viewed it on Zillow....it needs A LOT OF WORK.....and it needs a property manager who has access to a EPA lead certified repair team.  

My benefit to these "flippers" may well be in the 2 property management firm names that I gave him in my return e-mail....both have in-house maintenance with EPA certification and they both have properties in the area that they manage.  

.....My REFERRAL may be their best step so far!

 Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.

LandlordWhisperer

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Comment balloon 3 commentsWallace S. Gibson, CPM • February 25 2013 03:14AM

Comments

My goodness.  "Over his head" barely describes his predicament.  Wonder what type of professional advice he got, if any, when he purchased.  

Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) over 6 years ago

Lenn - I suspect NONE....it took 2 referrals to get him to contact me via e-mail.....He may get some education and help with the referrals I provided. 

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) over 6 years ago

Wallace, that sounds like a lot of work to take on. its probably better that you referred them out

Posted by Frank Laisch, "The Insurance Guy" over 6 years ago

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