Managing Relationships With Property Buyers
It didn't take long for me to realize that the big movers-and-shakers run into the same problems over-and-over again when brokers sell property portfolios to real estate investors.
You do all of this work to be direct-to-seller and have the privilege of being trusted to find buyers that can follow through on large transactions. Unfortunately, the market is flooded with people who will do anything, including create fraudulent documents, in order to steal your lunch! There are also the many tire-kickers that don't really have the infrastructure in place, but dream of somehow closing one of these big deals on their own! It's important to protect your own interests and those of the seller.
I commonly see sellers share a few details about the portfolios they are trying to sell in forums and on social media sites in the hopes that buyers will connect with them in private discussions. It makes sense, you don't want to give up too much information before seeing proof-of-funds (POF) and a letter-of-intent (LOI). This informatiaon, if shared across the web with an unreliable prospective partner could completely ruin your opportunity for a deal!
I receive new feature suggestions from big portfolio brokers that are next-to-seller. I am continually evolving features based on your feedback.
I would love to hear your pain points as a seller and see what else we can do to support your business. Please make Renturly better -- the best -- by sharing your thoughts on how my company can improve your real estate experience.
Please comment below.