Doug Pretorius (ON) 9 Report post Posted September 7, 2008 Must be. Share this post Link to post Share on other sites
PokerNutter 0 Report post Posted September 11, 2008 Doug, in these scenario if the owner agreed, how would the agent be compensated? Also, are you presenting lease to owns or CA contracts (or both)? Share this post Link to post Share on other sites
Doug Pretorius (ON) 9 Report post Posted September 11, 2008 Poker, most of them are CAs where I will split the option money with the agent. One of them is a "hybrid SLO", on that one (which is still potentially alive) the seller and agent will split the option money and I will get the cash flow. Since I don't get any money upfront I also don't take responsibility for vacancy or repairs. I'm basically just managing the deal. Share this post Link to post Share on other sites
Doug Pretorius (ON) 9 Report post Posted September 12, 2008 ...and the plot thickens... An agent called me yesterday to ask for help filling a rental he has listed. What's next?!? Share this post Link to post Share on other sites
MichaelC 160 Report post Posted September 13, 2008 ...and the plot thickens... An agent called me yesterday to ask for help filling a rental he has listed. What's next?!?I'm guessing you become a licensed Broker, and you make life miserable for all Canadian based Naked Investors. Share this post Link to post Share on other sites
PokerNutter 0 Report post Posted September 16, 2008 Poker, most of them are CAs where I will split the option money with the agent. One of them is a "hybrid SLO", on that one (which is still potentially alive) the seller and agent will split the option money and I will get the cash flow. Since I don't get any money upfront I also don't take responsibility for vacancy or repairs. I'm basically just managing the deal. Thanks for the response Doug. I`ve encountered a seller or two that were frustrated with their agents and considered lease to owns, good to see its still an option. In your experience, do you always deal with the agent first? I`m wondering if I can work out a deal with the seller and just notify the agent of whats occuring and offer the split just to keep them happy. Maybe it would minimise the chances of them mucking it up? Share this post Link to post Share on other sites
Doug Pretorius (ON) 9 Report post Posted September 16, 2008 I deal with agents only by accident (eg. their ad doesn't say anything about them being agents). But if your intention is to work with the agent (splitting fees and such) then you should get them on board first. If you blindside them they're likely to say or do whatever it takes to scare the seller into breaking the deal. Share this post Link to post Share on other sites
GetSmart 0 Report post Posted September 17, 2008 if you have a few deals in the works, run your realtor past the deals you have completed and see if their comfort level is where you want them to be Share this post Link to post Share on other sites
