Benefits of Owning Real Estate for Property Managers and Realtors

Property managers and realtors should consider owning real estate themselves for several reasons. Firstly, they have access to pocket listings, which are properties offered for sale by investors or clients they work with. This gives them a competitive advantage and the opportunity for better deals. Additionally, property managers have in-depth knowledge about the properties they manage, including maintenance history and potential for growth. This allows them to negotiate better deals and make informed investment decisions. Many property managers and realtors focus on the immediate income from their businesses, but fail to recognize the long-term wealth-building potential of real estate. By owning properties, they can benefit from appreciation, cash flow, principal pay down, and tax advantages. It is essential for property managers and realtors to lead by example and believe in the product they sell to potential clients.