My Favorite Offline Business. 10 leads/mo=$5,000!

248 replies
Hey Warriors, why not give another free stream of income away to the offline community, this is my favorite thing to do, I think it's actually a pretty fun business model to focus on for a while if your struggling to make money. I outsource this but sometimes I just go out myself and talk with the people and take my own pictures, It's not really work...anyway here's the method, im up to around 9 - 15 'sales' per month which is $5000-$7000 per month, all sales are about $500, working on a client currently, trying to get $600.




Stream #6
“Broker Your Way To Riches”
Im not sure if this one is new or out-of-the-box but I can tell you I have never heard anyone talking about this or writing a WSO about this so it’s probably going to be new to you. And if you have heard about it but just decided not to take action on it, NOW IS THE TIME.

As you may be aware, most apartment complexes offer a very decent amount of money if you get someone to move in. My highest commission from apartments right now is 500 for a move-in.

Honestly, these apartment complexes suck at promoting themselves on
Craigslist. They’re ads aren’t eye catching at all, pretty much invisible, ex. 2 beds 2 baths ready to move in. Now, that sucks for a headline and that is how most of these apartment complexes do. They don't really have any experience in marketing like we do.

Well, we as marketers should know how to catch someones attention in a few words. So that is exactly what we will be doing
here. Here’s how we do this.

Call around every apartment complex in your area and ask them how much they pay for referrals and make sure they pay cash. Weed out the apartment complexes offering lower than 200 dollars per move in.

Once you have your list of apartments who offer more than 200 per move in, start setting up a meeting with each manager to let them be fully aware of what you will be doing.

By the way, I suggest working with only one complex to start, pick the complex that offers the highest referral and has the most options, preferably 1-3 bedrooms available. Once you have everything set up with the first complex, then move on to the next.

When your in the meeting tell them that you work in marketing and lead
generation and you plan on doing some marketing for their complex. Tell them you would like to take a couple pictures of a vacant apartment. Just take a picture of the living room, kitchen and bathroom.

Also, be sure to ask and write down their expectations of a new tenant to get them approved. What do they look for on credit? Judgements only? Utility bills? Do you have to have GOOD credit? Deposit? App fee? Price for 1,2,3 bedrooms?

You need to know all of this to tell to your leads so you don't waste any time with unqualified applicants. Let them know you will be calling them when you have an appointment set up for a viewing. I also always ask if they can raise the referral amount at least $100 after they get my first few move-in’s, they almost always agree.

They love people like us, who can do the work for them while they sit back and print out leases. In fact, One of the complexes I currently work with
even offered me a full time job doing the marketing for them. I declined because I can make much more money then they offered but that shows the power we have.

Once you have your first agreement with a complex and you have your pictures, now it’s time to start marketing. You really only need to post a few ads per day on CL. So just make a few PVA’s, no need for IP solution as we will only be needing to post 3 ads a day.

The main focus is making catchy headlines to get people inside your ad. When people respond to my ads they actually tell me that I caught their attention, which is pretty cool. Here is a sample of how I make my
headlines.
WOWWW! WE MUST BE KIDDING!!!
SHEEESH! YOU CANT MISS THIS DEAL!!!
LOL! ARE WE FREAKING SERIOUS??
NOT INTERESTED? COOL ITS YOUR LOSS!!!
STOP LETTING APARTMENTS RIP YOU OFF!!!
THEY MAKE YOU PAY FOR WATER?? LOL SERIOUSLY??
UMMM WHY ARE YOU STILL READING THIS? CLICK HERE!!!
WE BEAT DOWN OUR COMPETITION!!!
STOP WASTING TIME WITH THESE OTHER APARTMENTS!!!
STOP LETTING THEM RIP YOU OFF!!
Okay, you should pretty much get the style I use. Now, just post ads for each 1 bedroom, 2 bedroom, and 3 bedroom apartment every day. Ads can be simple, ad body doesn't really matter, just tell them the basics and tell them to email you with their name in the subject line.

Your email box will explode with people needing a roof over their heads. BlueFartters do the same exact thing we’re doing except they lead them to online offers like credit reports/mortgages but I actually think doing it the white hat way is much more safe, stable, profitable and sustainable.

Next you will need a phone number to put in your replies. You can either use your personal number or if not, get a google voice number and forward it to your phone.

The reply we send is very important, so read it carefully. Since we will be
taking phone calls to set up viewing appointments, we HAVE to make sure they are all qualified leads so we dont waste our time. You can also just set up a viewing time through email, but personally I like to speak with them.

Here is an example of how the reply should be.

PHOTOS - (This should be a link to the photos you took of the apartment - PHOTOBUCKET IT)

Hey, how are you doing? Thanks a lot for showing interest
in our apartments. Here is what we offer with the rent.
-W/D included
-Water, trash and sanitation included.
-Private decks and patios.
-Private entrances.
-Swimming Pool.
-Dishwasher.
-Pet Friendly.
Here are the requirements you MUST meet in order to move in.
-Must bring proof of income to viewing appointment.
-Must make at least two times the rent.
-Can not owe any rental agencies.
-Must have job history of at least 6 months.
-Deposit is the first month’s rent.
-$10 application fee.
That's pretty much the gist of it. If you can meet those qualifications
and are interested in moving in, Call me at xxx-xxx-xxxx NOW to set up
a viewing appointment with us! If you can not meet these requirements
you WILL be denied so PLEASE DO NOT CALL unless you do meet them!
Thanks!

That’s it. Take the qualified calls, make sure you have their full name, and agree on a time for them to visit the apartment. Once a day and time is agreed upon, call up the manager and let them know you have a lead coming in at that specific time, give them their name, and tell them you will follow up with them to see if they got approved a day later.

You should be filing all of your appointments somewhere, excel or whatever.
Name Appointment Date and Time Follow up? Moved in?



Be sure to call or visit the complex a day later to see if your lead was approved. Now, rinse, repeat and get that cash.

*other option*
If you don't want to post ads on CL, just email every one looking for apartments
on CL within a 20 mile radius with a similar email we use to respond.

WARNING!!!
PLEASE BE SURE TO CHECK WITH YOUR STATE LAWS TO SEE IF YOU NEED A RE LICENSE FOR THIS METHOD..
#business #favorite #leads or mo$5 #offline
  • Profile picture of the author rockyonfire
    Thanks for sharing. It is nice method. I will try it.
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  • Profile picture of the author cjr126
    what kind of setbacks might a newbie encounter when trying to implement these methods?


    thx,

    chris
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    • Profile picture of the author areevez
      Originally Posted by cjr126 View Post

      what kind of setbacks might a newbie encounter when trying to implement these methods?


      thx,

      chris
      I cant think of any setbacks bro, it's very easy to implement. Do you see anything that you dont understand?
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      • Profile picture of the author winston
        Doesn't most states require that you be a licensed Real Estate agent? Not sure if that is a requirement, but I thought that there was a discussion a while back about doing this and that is what kept most from doing this.
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        • Profile picture of the author areevez
          Originally Posted by winston View Post

          Doesn't most states require that you be a licensed Real Estate agent? Not sure if that is a requirement, but I thought that there was a discussion a while back about doing this and that is what kept most from doing this.
          Your just generating leads for apartment complexes, not selling or renting property. As far as i know, and with the success I've had there is no problem with it and I've never had a problem with apartment communities openly agreeing. You can do the same exact method with used car dealerships and they will pay your 200-600 for bringing them a lead that converts to a sale.
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  • Profile picture of the author TaylorB
    Absolutely "Great Post"!! Thank you for sharing... Terry
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    • Profile picture of the author TaylorB
      Originally Posted by TaylorB View Post

      Absolutely "Great Post"!! Thank you for sharing... Terry
      Oh yea; checking out your WSO too...
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      I got some very sound investment advise that I'd like to share: Invest in yourself consisting of Love, work, time, dollars, knowledge and among and certainly not least, faith...

      Then Pay it forward.
      www.seoguidevideo.com

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  • Profile picture of the author ADukes81
    This is great a great idea. I just recently started getting into lead generation in the offline world, but was focused on the niches everybody thinks of (dentist, plumber, HVAC, auto repair, etc)
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    • Profile picture of the author areevez
      Originally Posted by jodib View Post

      I would be interested to know how you track your money.

      How do you make sure you get paid for a viewer/lead that you send to an apartment/house viewing that converts into a 'tenant'?

      Thanks

      Jodi
      At this current time I file all of my set appointments in an excel file with the needed sections to stay organized on who and how many appts I have each day. Then I set an alarm on my calender 3 days away that reminds me to call my list of apartments and see who has been approved. I then make the appropriate additions to my excel file and mark who has been approved. You can work out payment terms with the complex managers.
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      • Profile picture of the author sjohn
        Thanks for sharing your technique.
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      • Profile picture of the author buckeye04
        Originally Posted by areevez View Post

        At this current time I file all of my set appointments in an excel file with the needed sections to stay organized on who and how many appts I have each day. Then I set an alarm on my calender 3 days away that reminds me to call my list of apartments and see who has been approved. I then make the appropriate additions to my excel file and mark who has been approved. You can work out payment terms with the complex managers.

        Interesting methods! Have you ever had any problems with any of the complex managers lying to you about someone being approved so they wouldn't have to pay you? If so, how did you find out?
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        • Profile picture of the author blueonblue
          Originally Posted by buckeye04 View Post

          Interesting methods! Have you ever had any problems with any of the complex managers lying to you about someone being approved so they wouldn't have to pay you? If so, how did you find out?
          Well I would imagine that if he would also follow up with prospective tennant to find out what happened. Then if he learned the person did sign, he would tell them manager that this plan worked but because he didn't pay him, he would offer to to another apartment complex and use the successful tennant as testimonial! I know I would.
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    • Profile picture of the author jenifer smith
      great post.
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  • Profile picture of the author Rogbog
    This is a brilliant idea! Simply brilliant! And thank you for sharing it! I already check out some CL ads in my location and they are SAD ver SAD! I can do this!! Thanks.
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    • Profile picture of the author areevez
      Originally Posted by buckeye04 View Post

      Interesting methods! Have you ever had any problems with any of the complex managers lying to you about someone being approved so they wouldn't have to pay you? If so, how did you find out?
      Thank you! I havent had this problem at all, this is part why we go in to meet with the manager of the complexes and establishing that you are a lead generating business. Once you do that you establish that your essentially an official company and not just some guy. If your extra paranoid about it, you can draw up a simple, short agreement for them too sign. But From my experience, the apartment people love me for what I bring them and have no problem breaking me off a measly 500 bucks for something that is guaranteed to make them thousands. Most apartments wouldnt risk being sued over 500 bucks but it is possible, so if you would like to take extra precaution you can draw up an agreement or follow up with the clients who had appointments and were not approved to be sure.


      Originally Posted by Rogbog View Post

      This is a brilliant idea! Simply brilliant! And thank you for sharing it! I already check out some CL ads in my location and they are SAD ver SAD! I can do this!! Thanks.
      Thanks alot!! That's great, impressed with your quick initial action you've taken. It shows you have drive, now lets see if you can keep up the persistence and go at this full force for a whole month. $$ $$
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  • Profile picture of the author techlover
    Excellent method, will definitely take this out for a spin sometime soon.
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  • Profile picture of the author areevez
    thanks a lot!! Please do, this can be turned into a six figure business in a matter of months!!
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    • Profile picture of the author stranger11
      Thanks for the ideas. That's amazing. What do you write in the title of the ad? Like the subject line, that's limited and the whole headline won't fit.

      Originally Posted by areevez View Post

      thanks a lot!! Please do, this can be turned into a six figure business in a matter of months!!
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  • Profile picture of the author rolltide
    How many ads per day do you post?
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    • Profile picture of the author areevez
      Originally Posted by rolltide View Post

      How many ads per day do you post?
      3-5 ads, thats it
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      • Profile picture of the author SirThomas
        Originally Posted by areevez View Post

        3-5 ads, thats it
        You mean 3-5 a day per apartment complex or even per apartment available?
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  • Profile picture of the author areevez
    Your very welcome, this business model can be applied to many things! Be creative and attack all of your ideas!
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  • Profile picture of the author xichabodx
    Awesome!
    Thanks for the share.
    I, too, have been contemplating on getting your WSO. Does this happen to be the same Stream #6 in that as well?
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  • Profile picture of the author rideotm
    Pretty cool idea, maybe add a short video and include [video] in the CL headline as an added draw....showing the grounds and amenities
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  • Profile picture of the author bkat52
    Pretty awesome. I had no idea apartment complexes would offer a referral fee. I just checked out my area and it seems like there is a lot of competion out there. Are there any other sites besides CL you list them on?
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  • Profile picture of the author xichabodx
    If anyone wants to get even more leads, I suggest using postlets.com. You can create a FREE account and it will post your ads on a ton of other real estate-related sites. I've used it for years with great success. Check it out!

    *Forgot to mention, it will create HTML code, giving you a nice graphic ad. This will make yours stand out vs. those that are only using text. It has many other features as well. Hope this helps.
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    • Profile picture of the author bkat52
      Originally Posted by xichabodx View Post

      If anyone wants to get even more leads, I suggest using postlets.com. You can create a FREE account and it will post your ads on a ton of other real estate-related sites. I've used it for years with great success. Check it out!
      Thanks for the tip. Are you using this method also and seeing success?
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      • Profile picture of the author xichabodx
        Originally Posted by bkat52 View Post

        Thanks for the tip. Are you using this method also and seeing success?
        I've used postlets when selling my own properties. I've yet to use it on this method, but I'm sure it would work just as well with it.
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  • Profile picture of the author areevez
    Thanks for all the kind words!! The suggestion by rideo is a great one. About competition, I dont really think it matters, its just about getting the ad live. I live in rather small city and 1 live ad brings me about 80 emails. Thats insane. @sirthomas I only post 3-5 ads per day period, I know if i posted more I would have crazy traffic, I just cant handle it right now, so that's why I only post 3-5 until I can get me some people answering the phone and all that stuff. and @xichabodx, this is stream #6 from my wso and will be the last information I give away free from this wso. I gave to the CPA forum so I just wanted to give to the offline forum. No more freebies til next time lol

    Arron
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  • Profile picture of the author rolltide
    how much time daily do you spend on this?
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    • Profile picture of the author areevez
      Originally Posted by rolltide View Post

      how much time daily do you spend on this?
      Total time is about 45-1hr minutes, which includes posting ads, organizing, replying, setting appts
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  • Profile picture of the author LOLRECONLOL
    How long did it take for you to make your first 'sale'? It seems like a lot to get organized.
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    • Profile picture of the author areevez
      Originally Posted by LOLRECONLOL View Post

      How long did it take for you to make your first 'sale'? It seems like a lot to get organized.
      It's not a lot at all, if you actually put this to work you will see it's very simple to maintain and organize. I got 10 leads my first month and the first one came in on the sixth day of posting ads and leads just began dripping in throughout the whole month. At the end of the month when I finally looked at the money made and the work put in, it's a no brainer, easily outsourced if you dont wanna do it, but if you do it, it's not hard at all, once it's going its actually fun

      Arron
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  • Profile picture of the author zedert
    nice idea.
    However, there is a serious drawback:in a few countries only real estate agents can legally do such things.
    For instance in France, Italy,England, etc.
    So beware and check the local laws concerning real estate before!

    As a professionnel real estate agent in France, I DO send every time the ISR and the cops to the people trying to make my business without meeting the law-edicted criteria. Competition yes, unfair competition no
    Abiding the laws & rules doesn't prevent innovation, it just prevents mongrels from robbing me and giving a bad name to professionals ;-)
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  • Profile picture of the author areevez
    Thanks for adding^ I didnt have people outside of the US in my mind when writing the wso, Most of the cities in america I've lived in this is perfectly legal..

    Again thanks for the added information for people who are interested in going at this method..

    Arron
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    • Profile picture of the author zedert
      Originally Posted by areevez View Post

      Thanks for adding^ I didnt have people outside of the US in my mind when writing the wso, Most of the cities in america I've lived in this is perfectly legal..

      Again thanks for the added information for people who are interested in going at this method..

      Arron
      My pleasure!
      By the way, some real estate agents have taken the habit to "lend" their professional card, in exchange for a fee (usually a small percentage apparently).
      I don't do it myself, but i suppose this (bad) habit shows how serious the trouble could be if one didn't follow the laws.
      The bright side is that it legally exonerates you if the transaction becomes awry... It would become the real estate agent problem, and woud still get paid (in France at least)
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  • Profile picture of the author O0o0O
    That's a great method, mate. How many apartments do you talk to if you want to get 10 leads/month?
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    • Profile picture of the author areevez
      Originally Posted by O0o0O View Post

      That's a great method, mate. How many apartments do you talk to if you want to get 10 leads/month?
      Thanks! I only worked with two apartments my first month, they both always had vacancy's so that was good enough for me
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      • Profile picture of the author mike_lucas
        pm sent if you dont mind

        great info by the way
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  • Profile picture of the author bkat52
    How about privacy policies when collecting someones information. Don't you have to make them aware that you are going to share their info with a third party? I haven't looked into it myself but wanted to throw that out there for people to check out before implementing.
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  • Profile picture of the author sjohn
    Originally Posted by areevez View Post


    When your in the meeting tell them that you work in marketing and lead
    generation and you plan on doing some marketing for their complex. Tell them you would like to take a couple pictures of a vacant apartment. Just take a picture of the living room, kitchen and bathroom.
    When you discuss your method, from your experience, do you have times where the manager of the complex will simply just use your method but not use you to get the leads?
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  • Profile picture of the author CurtisSWN
    Talk about giving away the farm! lol

    Arron, is there any kind of recommended apartment complex size, type? I'm guessing you want a step above the cut-rate basic apartments, but then again, what do I know.

    Curtis
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  • Profile picture of the author areevez
    Originally Posted by bkat52 View Post

    How about privacy policies when collecting someones information. Don't you have to make them aware that you are going to share their info with a third party? I haven't looked into it myself but wanted to throw that out there for people to check out before implementing.
    A third party as in the apartment complexes? They responded to my ad meaning they fully understand from the beginning.


    Originally Posted by sjohn View Post

    When you discuss your method, from your experience, do you have times where the manager of the complex will simply just use your method but not use you to get the leads?
    They have no idea what I do to bring in leads, All they see is people coming in, no methods are discussed.

    Originally Posted by CurtisSWN View Post

    Talk about giving away the farm! lol

    Arron, is there any kind of recommended apartment complex size, type? I'm guessing you want a step above the cut-rate basic apartments, but then again, what do I know.

    Curtis
    Well yeah I would suggest going after decent apartments and townhomes instead of lower scale, just because they may either not offer it or only pay out 50-150 bucks
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    • Profile picture of the author sjohn
      Originally Posted by areevez View Post

      They have no idea what I do to bring in leads, All they see is people coming in, no methods are discussed.
      How do you respond when that point comes up in discussion?
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      • Profile picture of the author areevez
        Originally Posted by sjohn View Post

        How do you respond when that point comes up in discussion?
        I've never had them ask me that, I would probably LOL in their faces if they asked me my marketing techniques. This is my business, they should have the common sense to assume, no MARKETING business is going to give them any information as to how the market. That's just business ethics
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  • Profile picture of the author RentItNow
    Did this for a few years, hence the moniker RENTITNOW :-)

    It is much much more work then it sounds with calls at inconvenient times, MANY no shows, many non-qualified leads and even more apartment managers that conveniently forget to tell you if your lead panned out.

    $500 was an average rate for apartments but houses can fetch one months rent equivalent...especially student houses.

    I do agree about the ads but what is even more powerful is using emotional words mixed with information words. So HUGE 3 Bedroom, 2 bath in Waltons Mountain....serves both purposes (attention and gives them info).

    The other trick that I had HUGE success from was an ad saying I had access to thousands of rentals, send me the following (a short rental application) information. I would work with a real estate agent that would then search MLS for rentals or I also had about 5 to 10 buildings with agreements in place. This way if they didnt like one building, I still made money on another.

    The backend was even bigger because I had access to landlords looking to sell their properties and I know investors looking (as long as they can rent).

    Good business if you can hustle. Decided I wanted a quiet life for a bit tho and went into the marketing side totally (helping people in general rent their houses). Works good.

    Btw, the best cold call method to landlords was, Are you looking for tenants? I have a list of people looking NOW.

    You can also have a look at my ebook I started as a marketer describing tons on this subject. www.howtorentyourhousenow.com

    I was actually thinking about turning the content into a business in a box (which attributes for most of my sales anyway). Maybe a WSO.
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    I have no agenda but to help those in the same situation. This I feel will pay the bills.
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    • Profile picture of the author areevez
      Originally Posted by RentItNow View Post

      Did this for a few years, hence the moniker RENTITNOW :-)

      It is much much more work then it sounds with calls at inconvenient times, MANY no shows, many non-qualified leads and even more apartment managers that conveniently forget to tell you if your lead panned out.

      $500 was an average rate for apartments but houses can fetch one months rent equivalent...especially student houses.

      I do agree about the ads but what is even more powerful is using emotional words mixed with information words. So HUGE 3 Bedroom, 2 bath in Waltons Mountain....serves both purposes (attention and gives them info).

      The other trick that I had HUGE success from was an ad saying I had access to thousands of rentals, send me the following (a short rental application) information. I would work with a real estate agent that would then search MLS for rentals or I also had about 5 to 10 buildings with agreements in place. This way if they didnt like one building, I still made money on another.

      The backend was even bigger because I had access to landlords looking to sell their properties and I know investors looking (as long as they can rent).

      Good business if you can hustle. Decided I wanted a quiet life for a bit tho and went into the marketing side totally (helping people in general rent their houses). Works good.

      Btw, the best cold call method to landlords was, Are you looking for tenants? I have a list of people looking NOW.

      You can also have a look at my ebook I started as a marketer describing tons on this subject. www.howtorentyourhousenow.com

      I was actually thinking about turning the content into a business in a box (which attributes for most of my sales anyway). Maybe a WSO.

      Cool! Some good points you made there, I think if you keep everything super organized, it's really a smooth ride. When it gets bad is when there is no organization, forgetting about appts, forgetting to follow up with your leads, etc. Once this is outsourced it's one cool business model to go with!
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      • Profile picture of the author RentItNow
        Originally Posted by areevez View Post

        Cool! Some good points you made there, I think if you keep everything super organized, it's really a smooth ride. When it gets bad is when there is no organization, forgetting about appts, forgetting to follow up with your leads, etc. Once this is outsourced it's one cool business model to go with!
        Very much agreed on the organization. An agent actual taught me sort of a triage way to rank the leads. Each had one piece of paper, was followed up immediately and qualified or thrown in the garbage (before showing them anything). If you did not follow up fast, the lead was quickly dead because think, they have to have a place to live so their not going to wait a week to see a place. If a landlord wasted our time by holding up showings, their places would go to the bottom of the "you might want to check out this place" list. We actually used two books, landlords and perspective tenants once they were qualified.

        It is very profitable especially on the backend. But to me, passive income it was not (but Im sure it can become that).
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        I have no agenda but to help those in the same situation. This I feel will pay the bills.
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        • Profile picture of the author darkusul
          Nice i like your thread
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          • Profile picture of the author busygal21
            Real estate laws and rules vary from state to state in the US. I know in my state, New Hampshire, because I'm a licensed REALTOR, the law states "Anyone who solicits tenants, negotiates leases or collects rents on someone else's property and receives a fee for their services must posses a real state license" RSA 331-a:2 III

            However, Exemped classes under RSA 331-A:4 part VII states the following: "a corporate consultant who receives a fee from a client based on site searching services rendered in accordance with a written contract, rather that the completion of any particular transaction and who does not hold himself or herself out as a real estate broker" is exempt.

            So, although I'm not a lawyer, I would summize that if you have a written contract as a marketing consultant, generating leads, and clearly state that your services are not be be construed as that of a real estate broker, and that you will be paid as you expressed in your WSO, then I would think you would be covered. When I was in class recently, I had asked this question, and the answer was, for lead generation, you were exempt. because I was considering selling buyer leads to real estate companies. I know that there are lead generation companies for Real estate, and it would follow the same classification, except that they paid for a lead regardless if they purchase or not. If you are concerned on that issue, then another option could be, that they advance you X, and as you bring in leads, then their account is credited for the lead. This would probably be a little harder to sell. I hope this clarifies the issue, but you must check the laws in a state by state basis.

            Valerie
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            • Profile picture of the author areevez
              Originally Posted by busygal21 View Post

              Real estate laws and rules vary from state to state in the US. I know in my state, New Hampshire, because I'm a licensed REALTOR, the law states "Anyone who solicits tenants, negotiates leases or collects rents on someone else's property and receives a fee for their services must posses a real state license" RSA 331-a:2 III

              However, Exemped classes under RSA 331-A:4 part VII states the following: "a corporate consultant who receives a fee from a client based on site searching services rendered in accordance with a written contract, rather that the completion of any particular transaction and who does not hold himself or herself out as a real estate broker" is exempt.

              So, although I'm not a lawyer, I would summize that if you have a written contract as a marketing consultant, generating leads, and clearly state that your services are not be be construed as that of a real estate broker, and that you will be paid as you expressed in your WSO, then I would think you would be covered. When I was in class recently, I had asked this question, and the answer was, for lead generation, you were exempt. because I was considering selling buyer leads to real estate companies. I know that there are lead generation companies for Real estate, and it would follow the same classification, except that they paid for a lead regardless if they purchase or not. If you are concerned on that issue, then another option could be, that they advance you X, and as you bring in leads, then their account is credited for the lead. This would probably be a little harder to sell. I hope this clarifies the issue, but you must check the laws in a state by state basis.

              Valerie
              Thanks a lot for your thorough input!!

              Arron
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        • Profile picture of the author Big Daddy
          This is a great idea. I help my wife's realtor office noobs start their career with rentals so they can have an income but this idea can rocket them (or our office?) to the top.

          Thank you
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        • Profile picture of the author sparro
          Good Job on this Idea. This would probably work for many high ticket items on Craigs. I love to see Offliners thinking up ideas and then actually trying them. Great Job!!!
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        • Profile picture of the author Jacko
          Thanks for this share!
          Very good info.
          Must check if I can apply where I live...
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  • Profile picture of the author Race2Millions
    Can you combine this with SEO?
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    • Profile picture of the author areevez
      Originally Posted by Race2Millions View Post

      Can you combine this with SEO?
      It is possible to make some sort of property finding website and SEO the crap out of it, it may take some thorough work, but if someone went about it how I described AND dominated their local search results for people looking for apartments, this could be very well into a 5 figure per month business
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      • Profile picture of the author Race2Millions
        Originally Posted by areevez View Post

        It is possible to make some sort of property finding website and SEO the crap out of it, it may take some thorough work, but if someone went about it how I described AND dominated their local search results for people looking for apartments, this could be very well into a 5 figure per month business
        5 figures per month? Wow.

        I am gonna test this our sir. I plan on contacting some local apartment complexes and taking some photos and do a video walk through of the apartment.

        I will then build a simple wordpress site with the photos and videos uploaded to it with a quick review. I will also have a schedule appoint form for people to fill out.

        Then comes the traffic. The CL idea is a great one but I think I will go the seo route and rank for terms like "apartments in local city".

        Let's see if I can get to the 5k per month mark. What do you think of this plan areeves?
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        • Profile picture of the author RentItNow
          Originally Posted by Race2Millions View Post

          Then comes the traffic. The CL idea is a great one but I think I will go the seo route and rank for terms like "apartments in local city".
          You can also do a very very cheap and highly targeted PPC campaign on the names of ALL the apartment buildings around town. For example "Seacliff Towers, Lakefront Condos" whatever. Try to get the apartment complexes to offer a special incentive for your potential tenants such as free garage parking for 6 months or free AC unit....whatever then use those in your PPC ads.
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          I have no agenda but to help those in the same situation. This I feel will pay the bills.
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      • Profile picture of the author virginiad
        Hi,

        That is a cool idea.

        One question...In the ad, do you tell which complex the apartment is in?

        If so, couldn't there be a problem with people just going there instead of contacting you?

        If not, do you just tell the general area (town) where the complex is?

        How do you handle that?
        Signature

        Virginia Drew


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        • Profile picture of the author areevez
          Originally Posted by virginiad View Post

          Hi,

          That is a cool idea.

          One question...In the ad, do you tell which complex the apartment is in?

          If so, couldn't there be a problem with people just going there instead of contacting you?

          If not, do you just tell the general area (town) where the complex is?

          How do you handle that?
          Thanks for the all the additions guys, good information I didnt touch on. To virginad, I dont put the apartment complex name in the ad, I do just tell the general area the complex is in.

          Arron
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          • Profile picture of the author Web Junkie
            LOL..try this in South Florida and you could find yourself in prison.. I've bought/sold/leased quite a bit of property (that was where I learned offline/online marketing) and can tell you from personal experience - This could easily be construed as Brokering a deal without a valid realtor's license.

            Here is a line straight from FREC (google it), and it's pretty standard across the US:
            "...any exchange of money for "referrals" to non-licensed persons is illegal and it is a Class 6 felony to practice real estate without a license "
            Why do people keep posting such BS on Warrior Forum these days? There are much better ways to make money using internet leads & real estate. I typically make $10-20k per deal legally without a realtor's license. But, you'll need an equitable interest in the property. That's where the real money is & that kind of information my friends...you'll never see as a WSO..
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            • Profile picture of the author areevez
              Originally Posted by Web Junkie View Post

              LOL..try this in South Florida and you could find yourself in prison.. I've bought/sold/leased quite a bit of property (that was where I learned offline/online marketing) and can tell you from personal experience - This could easily be construed as Brokering a deal without a valid realtor's license.

              Here is a line straight from FREC (google it), and it's pretty standard across the US:
              Why do people keep posting such BS on Warrior Forum these days? There are much better ways to make money using internet leads & real estate. I typically make $10-20k per deal legally without a realtor's license. But, you'll need an equitable interest in the property. That's where the real money is & that kind of information my friends...you'll never see as a WSO..
              Thanks for your honest contribution!:p

              No but I cant really comment on any of that, Where I live most apartments openly offer 'finders fees' plastered all over the office. Me and a bro of mine are crushing this in our area, I have customers of mine who already are finding very interested apartments, so I suppose it depends on where you live and the apartment complex. If the apartment complex isnt supposed to be doing it and there letting me bring them leads, I'll keep bringing them leads. Im very proud of you for making 10-20k per deal, good job.

              Arron
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              • Profile picture of the author Web Junkie
                Teaching people to commit a felony isn't cool man..

                If the apartment complex isnt supposed to be doing it and there letting me bring them leads, I'll keep bringing them leads.
                I understand where you're coming from, but that mentality could get you and other people into a heap of trouble. It doesn't matter what the apt complex allows; you're the one committing the crime by acting as a broker to a real estate deal. They are not committing a crime by accepting the renters, you are committing the crime by providing them without a license. You're doing much more than procuring leads and sending them over. You act as a broker to the deal.

                After all, you call your system:
                Stream #6
                “Broker Your Way To Riches”
                Look, I honestly could care less what you do or what kind of money you make from this arrangement. You will probably never get in trouble for it & I'm sure that the complex welcomes the leads.

                HOWEVER, what bothers me is the innocent newbie on this forum that goes out there and TAKES ACTION & ends up in prison for "brokering their way to riches" without a license. I've seen a few people go to jail for the exact scenario that you describe.

                -Rich


                Originally Posted by areevez View Post

                Thanks for your honest contribution!:p

                No but I cant really comment on any of that, Where I live most apartments openly offer 'finders fees' plastered all over the office. Me and a bro of mine are crushing this in our area, I have customers of mine who already are finding very interested apartments, so I suppose it depends on where you live and the apartment complex. If the apartment complex isnt supposed to be doing it and there letting me bring them leads, I'll keep bringing them leads. Im very proud of you for making 10-20k per deal, good job.

                Arron
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      • Profile picture of the author micalaston
        Its very useful for me to learn offline business and thanks for sharing information
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  • Profile picture of the author jamespeter1121
    Banned
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    • Profile picture of the author areevez
      Originally Posted by jamespeter1121 View Post

      wow this is nice.

      Need help in your PC and Laptop..We are also engaged in providing services of computer services that includes annual maintenance contracts, implementation network design services data recovery services, onsite backup services and network design services.
      Computer answers offers you the best professional services in online computer repair. It is a time-saving and cost-effective resource for home computer repair.

      lol what does all that have to do with anything:rolleyes:
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  • Profile picture of the author MaxReferrals
    Another great offline biz with similar potential is Home Security.

    Brinks, ADT, etc. pay up to $150 per lead, and will also cut you in
    on residuals on the monthly monitoring contracts.
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    • Profile picture of the author areevez
      Originally Posted by MaxReferrals View Post

      Another great offline biz with similar potential is Home Security.

      Brinks, ADT, etc. pay up to $150 per lead, and will also cut you in
      on residuals on the monthly monitoring contracts.
      Very True^ In fact there is a method in my wso about promoting the ADT lead offers that is bulletproof! Creativity is the key to promoting these kinds of offers.
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  • Profile picture of the author tjbooker
    Thanks for the great info

    TJ
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  • Profile picture of the author RedHat39
    Wow thats pretty good. I can't believe I never thought about this niche. Luckily even though I don't live ina big metropolis we do have our own CL version. I'm going over there now to scan the competition. Thanks for posting this.

    --Rick
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    • Profile picture of the author areevez
      Originally Posted by RedHat39 View Post

      Wow thats pretty good. I can't believe I never thought about this niche. Luckily even though I don't live ina big metropolis we do have our own CL version. I'm going over there now to scan the competition. Thanks for posting this.

      --Rick
      Great!! Get on this method asap! Everyone will always need somewhere to stay, and if their is competition just BEAT the competition, outsmart them, get er done!
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      • Profile picture of the author winston
        You may want to check the laws in your state before doing this. I sent an email to a
        company and got this back. It's a valid service if your licensed in my state.

        "We pay 1 month's management fee for referrals to licensed NC Real Estate Agents for our single family rentals only. NC Real Estate Law precludes us from paying unlicensed people. If you are a licensed NC Real Estate Agent, please send information on your services."
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        • Profile picture of the author RedHat39
          Doh, I had forgotten about this TN has the same kind of law. I know because my wife and I took a real estate adult education class a few years back. Thanks for the reminder.

          Originally Posted by winston View Post

          You may want to check the laws in your state before doing this. I sent an email to a
          company and got this back. It's a valid service if your licensed in my state.

          "We pay 1 month's management fee for referrals to licensed NC Real Estate Agents for our single family rentals only. NC Real Estate Law precludes us from paying unlicensed people. If you are a licensed NC Real Estate Agent, please send information on your services."
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        • Originally Posted by winston View Post

          You may want to check the laws in your state before doing this. I sent an email to a
          company and got this back. It's a valid service if your licensed in my state.

          "We pay 1 month’s management fee for referrals to licensed NC Real Estate Agents for our single family rentals only. NC Real Estate Law precludes us from paying unlicensed people. If you are a licensed NC Real Estate Agent, please send information on your services."
          Winston,

          You make a valid point here.

          HOWEVER, if you set it up as a Joint Venture, then you DON'T need to be licensed :p

          Just thought I should point out this little "twist" if you encounter this where you live, like I do!

          JMB
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          • Profile picture of the author robitn4
            Originally Posted by JMB Marketing Group View Post

            Winston,

            You make a valid point here.

            HOWEVER, if you set it up as a Joint Venture, then you DON'T need to be licensed :p

            Just thought I should point out this little "twist" if you encounter this where you live, like I do!

            JMB
            Would love more on this. How do you pitch this twist to an apartment manager? You're proposing to work under their license?
            Rent.com holds a broker license in over 30 states, which indicates that most of us are going to need to team up with an agent in some way.
            Signature

            Tim

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        • Profile picture of the author RentItNow
          Originally Posted by winston View Post

          You may want to check the laws in your state before doing this. I sent an email to a
          company and got this back. It's a valid service if your licensed in my state.

          "We pay 1 month's management fee for referrals to licensed NC Real Estate Agents for our single family rentals only. NC Real Estate Law precludes us from paying unlicensed people. If you are a licensed NC Real Estate Agent, please send information on your services."
          In my area, if it is a "finder's fee" not a commission and as long as it's not a commercial property it is fully legal. Had a lawyer as a biz partner at the time I did it. Good to check for sure as the local Realtor association will be on your back within weeks otherwise. Just make sure you read their emails carefully and have an opinion letter drawn up if you have to from a lawyer for a 100 bucks to show the association or have the lawyer respond to their letter.
          Signature
          I have no agenda but to help those in the same situation. This I feel will pay the bills.
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  • Profile picture of the author barache
    There is a company in my area that has been doing this rental referral business for over 20 years...maybe longer. They started out of a spare bedroom and built it to 4 or 5 offices before selling the whole operation to the Chicago Tribune for big money.
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  • Profile picture of the author Gary Zaydman
    Great idea this is something that can be outsourced very easily.
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  • Profile picture of the author ProvenViral
    I live in New york city - the apartment complex of the world lol

    One thing that's difficult is you really need a system to see if the lead actually rents an apartment. You can give them a free gift card or something if they actually do rent the apartment which will be an incentive for them to let you know that they have bought from the owner. Don't get cheated by owners, know what you're doing!
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  • Profile picture of the author Sondor
    I'd never scare somebody from pursuing something that can be profitable, but DO check your state laws. This is illegal in my state... Can't 'solicit or market' as a third party w/o a Real Estate (RE) license. Bird-dogging for home sales is also highly illegal here.

    Generally speaking, Hawaii and Oregon are two of the harshest states for RE laws.
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  • Profile picture of the author beamup
    That's interesting. Many people in my town are doing the same thing, but only if I can improvise it, maybe I can stand still.

    Thanks for the useful and all the time you spend typing that post.
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  • Profile picture of the author Taruru
    wow. i had the same idea, though not exactly, as i'm really into property development. enough procrastinating, i'm going for it..
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  • Profile picture of the author shan beach
    Sounds like a really good plan! I have shared this idea with my daughter who has rented her first apartment recently. She is great at CL advertising!

    Thx!
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    • Profile picture of the author areevez
      Originally Posted by shan beach View Post

      Sounds like a really good plan! I have shared this idea with my daughter who has rented her first apartment recently. She is great at CL advertising!

      Thx!
      That's great, she should really be able to outshine the apartments around the area with her experience! Is she also in GA? People has told me GA is a great state for this
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  • Profile picture of the author mrmatt
    Are these apartments you are working with run by property management companies or are they more like owner operators?
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    • Profile picture of the author areevez
      Originally Posted by mrmatt View Post

      Are these apartments you are working with run by property management companies or are they more like owner operators?
      Where I am there are a lot of complexes privately owned, which is the best target to me, We have a few property management companies I see a lot, maybe like 3. Lots of private owned condo complexes also.
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  • Profile picture of the author zachary0611
    Wouldn't it only be illegal if you got them to fill out paperwork? If you are just placing ads and referring people to apartments then I don't see could be considered practicing real estate.
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    • Profile picture of the author Web Junkie
      Originally Posted by zachary0611 View Post

      Wouldn't it only be illegal if you got them to fill out paperwork? If you are just placing ads and referring people to apartments then I don't see could be considered practicing real estate.
      No. Unfortunately, it doesn't work that way. Keep in mind that every state is different, but for the most part he's telling you to do everything that a broker/ Realtor would do. The prosecution would fry you!

      Getting a rental listing agreement & marketing the property without license or any interest in the property:

      Once you have your first agreement with a complex and you have your pictures,
      Personally Taking Calls & Showing Properties?:
      The reply we send is very important, so read it carefully. Since we will be
      taking phone calls to set up viewing appointments, we HAVE to make sure they are all qualified leads so we dont waste our time. You can also just set up a viewing time through email, but personally I like to speak with them.
      Marketing Apartments that you don't own on Craigslist (Red Flag in light of the current economy)
      WE BEAT DOWN OUR COMPETITION!!!
      Pitching the property & giving serious details surrounding the rental agreement:
      Hey, how are you doing? Thanks a lot for showing interest
      in our apartments. Here is what we offer with the rent.
      That's not just getting leads - he's pre-qualifying them and pitching the property.
      Look, we used to do this stuff all the time during the real estate boom..but I wouldn't try it now, at least not here in Florida. It seems like they're always trying to make an example out of someone messing with the real estate market. If you try it..just be careful and cover your butt!
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  • Profile picture of the author areevez
    Using 'Broker' was just something to name the Stream, These apartments have these referall fees in place before we get there so we are not BROKERING. It's a REFERALL FEE! You can do that same exact method with used car lots! I think you are making it out to be something bigger than it is. Like I said, maybe it is different in different areas, but dont scrutinize the good information given here and call it BS because you dont approve of it.
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    • Profile picture of the author Web Junkie
      Real Estate & used car lots are very different things. Call your local realtor board tomorrow and see what they tell you. Real estate is HEAVILY regulated against these kinds of things and the law states that referral fees can only be paid to realtors/brokers.

      I don't approve of it because you're going to get people in trouble. This stuff works with CPA Credit card offers, Car loan deals, etc...mix in the real estate industry amongst all of the fraud/foreclosures that have occurred and you're asking for trouble.

      I'm done debating this. If anyone wants to try it, I suggest calling their local real estate board (every county has one) and ask if it's legal. Feel free to report back your findings....

      Originally Posted by areevez View Post

      Using 'Broker' was just something to name the Stream, These apartments have these referall fees in place before we get there so we are not BROKERING. It's a REFERALL FEE! You can do that same exact method with used car lots! I think you are making it out to be something bigger than it is. Like I said, maybe it is different in different areas, but dont scrutinize the good information given here and call it BS because you dont approve of it.
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      • Profile picture of the author Cali16
        Originally Posted by Web Junkie View Post

        Real Estate & used car lots are very different things. Call your local realtor board tomorrow and see what they tell you. Real estate is HEAVILY regulated against these kinds of things and the law states that referral fees can only be paid to realtors/brokers.
        Thank you, Web Junkie, for bringing up this serious issue. I just did a little googling, and this appears to be the law in many states. It's interesting that many apartment complexes offer this, considering they seem to be violating many states' laws as well if they pay these referral fees to unlicensed individuals.

        It's unfortunate that a lot of people have the attitude that if they (or someone they know) hasn't had any problems or gotten into any trouble (yet!) with methods like this, that it must be perfectly legal to do it. And granted, they may not get caught for a long time, but personally, no amount of money is worth the possibility of jail time in my book.

        Thanks again for the heads up! Anyone interested in implementing this method should definitely check out his/her state laws first.
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        • Profile picture of the author SCC
          Originally Posted by Cali16 View Post

          Thank you, Web Junkie, for bringing up this serious issue. I just did a little googling, and this appears to be the law in many states. It's interesting that many apartment complexes offer this, considering they seem to be violating many states' laws as well if they pay these referral fees to unlicensed individuals.

          It's unfortunate that a lot of people have the attitude that if they (or someone they know) hasn't had any problems or gotten into any trouble (yet!) with methods like this, that it must be perfectly legal to do it. And granted, they may not get caught for a long time, but personally, no amount of money is worth the possibility of jail time in my book.

          Thanks again for the heads up! Anyone interested in implementing this method should definitely check out his/her state laws first.
          It's one thing to "refer" a friend to an apartment complex for a fee,that is accepted as long as it is a one time shot... it's a whole another thing to actively advertise, pre-qualify the leads and show an apartment without a RE license everyday.

          If you are interested in this,get a license. I've got one and I am interested in this.
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          • Profile picture of the author Vikuna2009+
            So, lets say you are a licensed real estate agent and/or has found some kind of loop hole to make this a full time business. The OP was/is? placing ads on Craigslist to find leads. Lets say you wanted to take it a step further.

            What would be a good Wordpress theme to make an online directory out of the complexes that were willing to pay you for each closed deal you got them?

            I'm thinking, lets do a slide show of each rental and then somehow throw in a QR code there as well. Any ideas?

            Thanks in advance, Eva
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  • Profile picture of the author areevez
    Well you must just be right Web Junkie, all of the people I know in real life and on this forum running this method are in danger of imprisonment.
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  • Profile picture of the author sweetloleypop
    hello mate thanks for posting this kind of method actually it is not new for me but still it was awesome sharing a methods like what you did.So my questions is have you really been paid by this?How did you track the money?
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    • Profile picture of the author areevez
      Originally Posted by sweetloleypop View Post

      hello mate thanks for posting this kind of method actually it is not new for me but still it was awesome sharing a methods like what you did.So my questions is have you really been paid by this?How did you track the money?
      Hey no prob, I already answered those questions somewhere in this thread
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  • Profile picture of the author Danielm
    Does anyone know of a list of states where this is legal?
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  • Profile picture of the author vndnbrgj
    Can someone clarify this legal issue a little more?

    Realtors and real estate agents SELL properties.
    You are helping a property management company RENT the unit.

    I know for a fact the lady that rented me my last unit was not a licensed realtor.
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    • Profile picture of the author Web Junkie
      Realtors / brokers are not only responsible for the sale of real property. They are involved in the leasing (rental) of property as well. Property Managers in Florida are required to be licensed real estate agents.



      Originally Posted by vndnbrgj View Post

      Can someone clarify this legal issue a little more?

      Realtors and real estate agents SELL properties.
      You are helping a property management company RENT the unit.

      I know for a fact the lady that rented me my last unit was not a licensed realtor.
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      • Profile picture of the author robitn4
        I think the issue that really needs to be answered is, whether a publisher of advertisement for property rental needs to be a licensed agent / broker.

        As WebJunkie points out, Areevez's advice is in possibly dangerous territory (depending on a state's laws) by collecting personal information from a prospective renter and qualifying the prospect. If collecting info and rendering advice is taken out of the steps - that is, if the prospect is simply forwarded to the property management (and asked to report to the publisher that the lease was signed in exchange for a gift) - would that not satisfy the law?

        Your states's Real Estate Commission is going to represent their own. The only intelligent thing to do (IMO) is ask a competent lawyer.
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    • Profile picture of the author Web Junkie
      Exactly!

      Originally Posted by Gordon Gekko View Post

      You don't need to be a Realtor or Agent to rent a property, or even to sell one. The lady you dealt with was either the owner or the Property Manager. Anyone can rent a property out or sell a property, you don't need a license. What we're talking about is brokering deals. In order to broker a deal, you need to be licensed. Especially if you're selling homes on the MLS.
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  • Profile picture of the author lowriderSTi
    This is just awesome. Thanks for sharing it!
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  • Profile picture of the author centextkt
    In Texas:

    "Q:
    Is a real estate license necessary in order to be an apartment locator?

    "TREC requires licensure if the person seeks or has an expectation of compensation for offering to locate a unit in an apartment complex to a prospective tenant. [TRELA §1101.002(6)] In addition, a person may not engage in business as a residential rental locator (apartment locator) unless the person is licensed as a real estate broker or salesperson. [TRELA §1101.351(a)(2), Rule 535.13(d)]"

    Also,

    " Must a person be licensed to locate apartment units for prospective tenants and be paid by the owner of the apartments? A: Yes, unless the person is an employee of the owner of the apartments or otherwise exempt, residential rental locators are required to be licensed as either a real estate broker or salesperson."

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    • Profile picture of the author Vikuna2009+
      As far as California goes, this is what I was told today after calling a local Dept. of RE office;

      To solicit potential tenants and get paid a lead/referral fee, you have to have a RE sales agent's license AND have your license hanging with a real estate broker who THEN is entitled to a broker fee (usually about 40% of whatever you make).

      That is for example:

      1 soliciting by ads and/or a website
      2 all you do is mention in your ad an available area with no specific address such as "beuatiful 3 br apt. in Sierra Heights neigbhorhood
      3 collect their contact information and personal information
      4 run their credit
      5 if qualified, you call them back to let them know you are contacting the rental manager to give him their information so that they can contact you

      OR you set the appointment with the manager for them

      It seems it does not matter that you do not actually show the property OR handle any lease agreements.

      IMHO, THAT seems a little bit stiff and I am not 100% sure if they actually understood the concept when I spoke to them. However, I will call the main Dept. of RE and ask again. If after that, I am still unsure, I already got the address where I can ask their ENFORCEMENT department, in writing, what actually is true.

      Somehow I got the feeling that if you do not actually speak to the potential tenant, you should be fine but to what extent, not sure.

      However, this sounds like something I would be interested in, just "fork" over the leads and the idea of giving a gift after a signed lease, sounds like a good way to track as well.

      To my advantage is that I am actually a licensed but inactive real estate agent. My license is about to expire in Nov 11 but I could easily take another continuing education and extend it for another 4 years. Having to fork over half of what I would be making to a broker that does not do sh**t is something I will not do though. Rather pick something else, lol.

      Will post here about my future findings, Eva
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      • Profile picture of the author KaterSD
        Originally Posted by Vikuna2009+ View Post

        As far as California goes, this is what I was told today after calling a local Dept. of RE office;

        To solicit potential tenants and get paid a lead/referral fee, you have to have a RE sales agent's license AND have your license hanging with a real estate broker who THEN is entitled to a broker fee (usually about 40% of whatever you make).

        That is for example:

        1 soliciting by ads and/or a website
        2 all you do is mention in your ad an available area with no specific address such as "beuatiful 3 br apt. in Sierra Heights neigbhorhood
        3 collect their contact information and personal information
        4 run their credit
        5 if qualified, you call them back to let them know you are contacting the rental manager to give him their information so that they can contact you

        OR you set the appointment with the manager for them

        It seems it does not matter that you do not actually show the property OR handle any lease agreements.

        IMHO, THAT seems a little bit stiff and I am not 100% sure if they actually understood the concept when I spoke to them. However, I will call the main Dept. of RE and ask again. If after that, I am still unsure, I already got the address where I can ask their ENFORCEMENT department, in writing, what actually is true.

        Somehow I got the feeling that if you do not actually speak to the potential tenant, you should be fine but to what extent, not sure.

        However, this sounds like something I would be interested in, just "fork" over the leads and the idea of giving a gift after a signed lease, sounds like a good way to track as well.

        To my advantage is that I am actually a licensed but inactive real estate agent. My license is about to expire in Nov 11 but I could easily take another continuing education and extend it for another 4 years. Having to fork over half of what I would be making to a broker that does not do sh**t is something I will not do though. Rather pick something else, lol.

        Will post here about my future findings, Eva
        If that was the case wouldn't the onsite manager who rents and shows the units need to have a RE license?

        That is not the case with most apartment managers yet the do the marketing answering the calls, and showing the units and even signing the contracts.
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        • Profile picture of the author Vikuna2009+
          Originally Posted by vApor View Post

          If that was the case wouldn't the onsite manager who rents and shows the units need to have a RE license?

          That is not the case with most apartment managers yet the do the marketing answering the calls, and showing the units and even signing the contracts.


          The onsite manager is hired by a property management firm so in essence, he is EMPLOYED. As an employee, he/she is NOT required to have a real estate license.

          One of my old girlfriends was once (not to long ago and in California btw) a leasing agent for a property management firm. Her pay consisted of a rental apartment at a reduced rent, a base salary plus a commission on signed lease agreements but she was working for that firm only.

          I did get through to the legal department of RE in Sacramento late this afternoon and yes, in California you MUST have a real estate license to solicit tenants AND have your license hanging with a broker and as forementioned, your broker gets a cut on ALL your dealings.

          I tried to explain to them that the broker would not have to lift a finger and that I would do the work but it was explained to me that a broker's function is to SUPERVISE, no matter what transaction.

          It was also suggested to me to try to negotiate a higher commission split, even as high as 90-95% to ME, since the broker did not have to do much at all, except for "supervise". With that in mind, every $1,000 earned by me, would give me $900-$950, not to bad. And, since real estate is down, I do not think it would be hard to find a broker to "supervise" me, lol.

          The ultimate beauty of it all though (IF you have a license) is that there is nothing that can stop your creativity. I was about to let my license elapse but no, I am definitely going to do some major research about the competition and see what they are up to.

          A lot of agents do not know how to utilize the internet to its fullest combined with offline. I got out of real estate 1 1/2 years ago, just sick and tired never to have any time off and seeing my income dwindle as the market got worse, still having the same expenses.

          This concept though, has a lot of potential and I thank the OP for stirring things up a bit. The idea is great and you could possibly get away with it dealing with private landlords and home owners directly but I personally would hate to be caught up in a legal mess and financial ruin.

          It only takes ONE pis**ed of agent to find out about your doings and you are TOAST! Then again, I am talking California here so please do your own due diligence.

          Hope that helped, Eva
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          • Profile picture of the author Web Junkie
            Originally Posted by areevez View Post

            Great question, It would be nice to get someone in here that knows both sides of the field, renting and real estate are 2 TOTALLLLLY different things so I dont people who read this message getting scared for nothing just because of that one guy who came in here with his great knowledge of everything.
            I have knowledge of both sides of the field (rental / resale of property) and explained it to you. However, you didn't like my answer because it didn't fit your agenda. I don't claim to know everything about real estate as you mentioned, but I do know quite a bit. I studied real estate in the college setting, and started my own real estate investment business in the practical setting. People have even paid me hefty sums to show them how to do it, so I would consider myself an expert in this industry.

            After reading your response, I now understand the misconception that you are having with this strategy. Renting & Real Estate are NOT different things. In the eyes of the law, you're brokering a deal in both instances. Should it be the same? Maybe not...but that's the law when acting as a broker or property management firm.
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            • Profile picture of the author zedert
              Originally Posted by Web Junkie View Post

              I have knowledge of both sides of the field (rental / resale of property) and explained it to you. However, you didn't like my answer because it didn't fit your agenda. I don't claim to know everything about real estate as you mentioned, but I do know quite a bit. I studied real estate in the college setting, and started my own real estate investment business in the practical setting. People have even paid me hefty sums to show them how to do it, so I would consider myself an expert in this industry.

              After reading your response, I now understand the misconception that you are having with this strategy. Renting & Real Estate are NOT different things. In the eyes of the law, you're brokering a deal in both instances. Should it be the same? Maybe not...but that's the law when acting as a broker or property management firm.
              It's 100% the same in Europe. You HAVE to be licensed. Renting or selling are just part of real estate business and fall under the same laws. Helping people buy or rent (property hunter) is the same. If any true, licensed, real estate agent sees or hears about what your doing, which is damaging his/her business, you can start packing...

              Besides, "realtor" is a trademark thing I think.

              Let me share with you another opinion (it works in France, EU, and many other countries):
              • a licensed real estate agent is insured.
              • you are not
              • as a consequence, if it gets awful for any reason you may considered fully responsible (read "financially"among other things) responsible.

              Moreover, in France, Italy, UK, IR, etc. any people willing to rent or sale a property has to follow real pain in the ass advertising rules. You don't comply, you are fined 500€ per ad in France.

              Do what you want & live with it.
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              French Entrepreneur and article writer

              Let's discuss any project related to French :-) !

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          • Profile picture of the author Web Junkie
            Originally Posted by Vikuna2009

            It only takes ONE pis**ed of agent to find out about your doings and you are TOAST! Then again, I am talking California here so please do your own due diligence.

            These were my thoughts exactly when reading this thread. Realtors here in Florida would definitely go after you for this kind of thing because they pay a ton of money in licensing/marketing/broker fees just to be able to work in this field. Thanks for going the extra mile and contacting your RE board. With a real estate license, you absolutely could set up a better split and make a decent pay day on the leads.


            Typically, rentals are the lowest level of realtor commissions so I would work in the resale of properties. Here is how you can make a nice extra revenue stream (about $5k per property) off of other people's property-

            1. Create a lead generation campaign for real estate investors & home buyers that are looking for a cheap price in your area and build up a nice sized list.

            2. Find out who the "WHOLESALERS" are in your area by visiting a few local real estate investment clubs in your area. You could also just find the website of your local REIA (real estate investment association) and ask for the names/numbers of a few wholesalers that they suggest.

            3. Contact the wholesalers and explain that you have a list of cash buyers for their deals. Negotiate out a straight price or commission for each property that you are able to unload for them. Explain that this would be a "POCKET LISTING" and you are not requiring an exclusive listing agreement (they only pay you if you find them a buyer). Wholesalers will typically sell property at 65-70% of retail value, so it's an easy sale if you can get the deals in front of the right buyers.

            4. Send out an email with your "weekly deals" and you will get calls if the deals are true wholesale deals.

            As far as splitting your commission, there are now discount brokerage firms that you can sign up with. They charge a one-time fee each year and don't ask for a commission. One of my realtors here in Florida paid $199/year to sign up under this particular brokerage firm and pays 0 Commission when he finds us a buyer. So, you may want to look for something like that in California.


            Originally Posted by Vikuna2009+ View Post

            The onsite manager is hired by a property management firm so in essence, he is EMPLOYED. As an employee, he/she is NOT required to have a real estate license.

            One of my old girlfriends was once (not to long ago and in California btw) a leasing agent for a property management firm. Her pay consisted of a rental apartment at a reduced rent, a base salary plus a commission on signed lease agreements but she was working for that firm only.

            I did get through to the legal department of RE in Sacramento late this afternoon and yes, in California you MUST have a real estate license to solicit tenants AND have your license hanging with a broker and as forementioned, your broker gets a cut on ALL your dealings.

            I tried to explain to them that the broker would not have to lift a finger and that I would do the work but it was explained to me that a broker's function is to SUPERVISE, no matter what transaction.

            It was also suggested to me to try to negotiate a higher commission split, even as high as 90-95% to ME, since the broker did not have to do much at all, except for "supervise". With that in mind, every $1,000 earned by me, would give me $900-$950, not to bad. And, since real estate is down, I do not think it would be hard to find a broker to "supervise" me, lol.

            The ultimate beauty of it all though (IF you have a license) is that there is nothing that can stop your creativity. I was about to let my license elapse but no, I am definitely going to do some major research about the competition and see what they are up to.

            A lot of agents do not know how to utilize the internet to its fullest combined with offline. I got out of real estate 1 1/2 years ago, just sick and tired never to have any time off and seeing my income dwindle as the market got worse, still having the same expenses.

            This concept though, has a lot of potential and I thank the OP for stirring things up a bit. The idea is great and you could possibly get away with it dealing with private landlords and home owners directly but I personally would hate to be caught up in a legal mess and financial ruin.

            It only takes ONE pis**ed of agent to find out about your doings and you are TOAST! Then again, I am talking California here so please do your own due diligence.

            Hope that helped, Eva
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            • Profile picture of the author areevez
              Originally Posted by Web Junkie View Post

              These were my thoughts exactly when reading this thread. Realtors here in Florida would definitely go after you for this kind of thing because they pay a ton of money in licensing/marketing/broker fees just to be able to work in this field. Thanks for going the extra mile and contacting your RE board. With a real estate license, you absolutely could set up a better split and make a decent pay day on the leads.


              Typically, rentals are the lowest level of realtor commissions so I would work in the resale of properties. Here is how you can make a nice extra revenue stream (about $5k per property) off of other people's property-

              1. Create a lead generation campaign for real estate investors & home buyers that are looking for a cheap price in your area and build up a nice sized list.

              2. Find out who the "WHOLESALERS" are in your area by visiting a few local real estate investment clubs in your area. You could also just find the website of your local REIA (real estate investment association) and ask for the names/numbers of a few wholesalers that they suggest.

              3. Contact the wholesalers and explain that you have a list of cash buyers for their deals. Negotiate out a straight price or commission for each property that you are able to unload for them. Explain that this would be a "POCKET LISTING" and you are not requiring an exclusive listing agreement (they only pay you if you find them a buyer). Wholesalers will typically sell property at 65-70% of retail value, so it's an easy sale if you can get the deals in front of the right buyers.

              4. Send out an email with your "weekly deals" and you will get calls if the deals are true wholesale deals.

              As far as splitting your commission, there are now discount brokerage firms that you can sign up with. They charge a one-time fee each year and don't ask for a commission. One of my realtors here in Florida paid $199/year to sign up under this particular brokerage firm and pays 0 Commission when he finds us a buyer. So, you may want to look for something like that in California.
              I had no problem with your response other than you trying to downgrade my post as crap! Like I said, I know a lot of people who are successful with this method, and it must be a different deal in different states.

              So are you saying all of these apartments are also breaking the law?
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              • Profile picture of the author zedert
                Originally Posted by areevez View Post

                I had no problem with your response other than you trying to downgrade my post as crap! Like I said, I know a lot of people who are successful with this method, and it must be a different deal in different states.

                So are you saying all of these apartments are also breaking the law?
                You most certainly can not start a business in a domain without complying the law. Individuals making a business of something would certainly infringe a law or two. Now, that does not mean individuals can not rent or sell (FSBO) their own property. But, you just can not rent or sell someone else property without fulfilling the letter of the law.

                If you still don't believe us, you know what to do?
                Call a real estate agents association, like "realtor", or send them an email.
                After all, if you are right (and the real estate pros in the real worldsuch as we are wrong), how could it hurt you?

                Now, don't expect real estate professionals, who are spending thousands of bucks monthly in advertising, charges, insurance, licence, etc. to see favorably such unfair and most certainly illegal competitition.

                In fact, I would be really interested in you posting here the answer you will get.
                I promise to eat my damn license if it works in more than a few states in the USA. It would not work anywhere in Europe, according to my professional association AND my insurance company.

                By the way, I am not trying to flaming your post and you: I am just trying to help you in avoiding what seems to me a great risk & mistake.

                Maintenant, je m'en lave les mains comme disait Ponce Pilate.
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              • Profile picture of the author Cali16
                Originally Posted by areevez View Post

                I had no problem with your response other than you trying to downgrade my post as crap! Like I said, I know a lot of people who are successful with this method, and it must be a different deal in different states.

                So are you saying all of these apartments are also breaking the law?
                Arron, I don't think he was trying to downgrade your post. You're defensive because your money making method may be (and most likely is) illegal. I highly doubt you knew that and believe you probably posted it in good faith, believing it was a legit way to people to make money. I think your intentions were good.

                Your arguments, however, are very flawed. Just because you "know a lot of people who are successful with this method" does NOT mean it's legal. People have made a lot of money off Ponzi schemes and other illegal methods and many never got caught. Doesn't make it legal or okay just because one has success with it.

                Rentals are part of real estate. Your method involves brokering deals for a fee. That's the key issue here.

                If you really believe it's legal for you (and perhaps it is where you live) then why don't you just call your local real estate board and ask? Quite frankly, after all the info you've been given here by people who are clearly very knowledgeable and experienced (and a few who are licensed) in this area, to ignore them and keep doing what you're doing is just foolish, don't you think? They're doing you a huge favor by alerting you to what is very likely an illegal money making method (without the proper licensure).

                I suspect this is illegal in most, if not all, states here in the U.S. But, I don't know that for sure and certainly don't have time to research each state. I'm pretty sure it's illegal where I live.

                Sure, maybe you'll never get caught. But if you do, the consequences could be quite serious, especially if you are doing this all the time or on a fairly large scale. If laws aren't important to you and you want to keep your head in the sand because you're having success with it, that's certainly your choice as well.
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            • Profile picture of the author Vikuna2009+
              Originally Posted by Web Junkie View Post

              These were my thoughts exactly when reading this thread. Realtors here in Florida would definitely go after you for this kind of thing because they pay a ton of money in licensing/marketing/broker fees just to be able to work in this field. Thanks for going the extra mile and contacting your RE board. With a real estate license, you absolutely could set up a better split and make a decent pay day on the leads.


              Typically, rentals are the lowest level of realtor commissions so I would work in the resale of properties. Here is how you can make a nice extra revenue stream (about $5k per property) off of other people's property-

              1. Create a lead generation campaign for real estate investors & home buyers that are looking for a cheap price in your area and build up a nice sized list.

              2. Find out who the "WHOLESALERS" are in your area by visiting a few local real estate investment clubs in your area. You could also just find the website of your local REIA (real estate investment association) and ask for the names/numbers of a few wholesalers that they suggest.

              3. Contact the wholesalers and explain that you have a list of cash buyers for their deals. Negotiate out a straight price or commission for each property that you are able to unload for them. Explain that this would be a "POCKET LISTING" and you are not requiring an exclusive listing agreement (they only pay you if you find them a buyer). Wholesalers will typically sell property at 65-70% of retail value, so it's an easy sale if you can get the deals in front of the right buyers.

              4. Send out an email with your "weekly deals" and you will get calls if the deals are true wholesale deals.

              As far as splitting your commission, there are now discount brokerage firms that you can sign up with. They charge a one-time fee each year and don't ask for a commission. One of my realtors here in Florida paid $199/year to sign up under this particular brokerage firm and pays 0 Commission when he finds us a buyer. So, you may want to look for something like that in California.

              Well Web Junkie, flesh this one out a bit and make it a WSO and I will be your first buyer, lol.

              The one time a year fee off $199 and zero commission sounds like an even sweeter deal. Thanks for the tip!
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        • Profile picture of the author SCC
          Originally Posted by Christopher Towers View Post

          If that was the case wouldn't the onsite manager who rents and shows the units need to have a RE license?

          That is not the case with most apartment managers yet the do the marketing answering the calls, and showing the units and even signing the contracts.
          If you work for the developer/owner you don't need a license. As you are working under their license. Because you are marketing (as yourself) real estate you need a license in most states.
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  • Profile picture of the author areevez
    Good post!^ It may be a bit more strict in bigger states like California and NY. But I definitely think it is not as simple as we cant even post ads for them, apartments need marketing just as well as any other business and they cant do it all themselves.
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  • Profile picture of the author areevez
    Great question, It would be nice to get someone in here that knows both sides of the field, renting and real estate are 2 TOTALLLLLY different things so I dont people who read this message getting scared for nothing just because of that one guy who came in here with his great knowledge of everything.
    Signature
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  • Profile picture of the author Cray
    ooh yeah this can surely work..

    thanks for the useful post...
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    Dropshipping for a living.

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  • Profile picture of the author Darrion
    This is a great!! I am going to call around and actually give this a shot!!
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  • Profile picture of the author powerfulprince
    thank you very much for sharing this information with us.
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  • Profile picture of the author areevez
    So if I upped and decided to rent out my home today, I would need a RE license to do so? really.
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    • Profile picture of the author zedert
      Originally Posted by areevez View Post

      So if I upped and decided to rent out my home today, I would need a RE license to do so? really.
      Please be serious.
      You don't have to be licensed to rent or sell your house.
      You have to when you want to rent or sell someone else's house.
      See the small difference...?

      Please don't play on semantics: we are here to make business, not to fool, scare or mislead anyone.

      Besides, since we will never be competitors, my only goal is to give you an unbiased point of view about something. I am sorry if the law doesn't fit your needs or opinion.
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    • Profile picture of the author DABK
      No. If you're the owner or work for the owner, you don't have to be licensed.

      It seems to me the options are easy, if you want to do this and where you are you need to be licensed: get licensed, get the owner to hire you as an employee, get the complex owner to share ownership, you own $1 of the complex.

      The question is, which one can you do?

      Of course, you have the option to get the main idea from this income stream suggestion and modify it to work with something that does not require licensing. Someone mentioned car dealerships, but it should work with a lot of things that cost a lot of money or require membership.

      That said, it's important to know the laws where you're doing whatever it is you're doing. Also important, get ideas, see if you can use them as they are. If not, can use adjust them? Can you use them with something else?

      If you're good at getting ads out there that people respond to, can you use the ideas in income stream #6 to sell the ads and the information on how to use them, when to use them for best results?

      Originally Posted by areevez View Post

      So if I upped and decided to rent out my home today, I would need a RE license to do so? really.
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  • Profile picture of the author areevez
    I havent got the closest hint of knowledge in RE, Im simply trying to understand the underlying argument here. I had a talk with one of my complex managers last night and mentioned this to her and SHE didnt even know about this being an illegal matter.

    My biggest question for you guys is if this is so illegal, why are apartments getting away with paying referrals to whoever brings them business when they so openly present the opportunity in their ads and offices?
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    • Profile picture of the author Vikuna2009+
      Originally Posted by areevez View Post

      My biggest question for you guys is if this is so illegal, why are apartments getting away with paying referrals to whoever brings them business when they so openly present the opportunity in their ads and offices?

      They themselves probably do not know better either, lol. Seriously, I did not think it was illegal myself because you are a) not showing the property yourself and b) not handling any of the lease signings. The twist you have on this biz opp is a great one, just not legal. Yes, keeping a low profile you might get away with it for a long time but then again, do your own due diligence.

      I don't see that you did anything wrong here, you were just not informed enough. I am grateful to you for opening my eyes to this version of real estate and thanks to you I am now going to keep my dormant license active by taking another continuing education class and more than likely put my own spin on your version but doing it LEGALLY.

      To those of you that think that this is a great idea, why don't you find out how much it would cost you to get your own real estate license and proceed from there. From the top of my head it will probably cost you around $2,000 to get your license including study material, weekend crash courses, finger printing, licensing fees etc.

      You would have to pass (in California) "Real Estate Principles" AND "Real Estate Practices" with a passing score of at least 70%. Then, "Property Management" as a third curriculum to be knowledgable in your field.

      If set up correctly, this "twist" on apartment rentals could be VERY profitable and by doing it legally, you could also sleep at night, lol.

      Just my 2 cents, Eva

      P.s. As far as selling actual properties, I've been there done that and will not deal with it again. Going through escrow over and over and over again is such an emotional roller coaster to me personally, your expenses are out-rageous and the competition is fierce. Plus, you have NO spare time at all and forget about taking the weekend off.
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      • Profile picture of the author rugman
        Just a little chime in here from me. Not a real Estate expert.
        If you do something like this aren't you really just handling the marketing for them in a way and getting paid for performance? I would think that if a realtor hired a marketing company to help them that company would not have to be a licensed real estate co.
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        • Profile picture of the author areevez
          Originally Posted by rugman View Post

          Just a little chime in here from me. Not a real Estate expert.
          If you do something like this aren't you really just handling the marketing for them in a way and getting paid for performance? I would think that if a realtor hired a marketing company to help them that company would not have to be a licensed real estate co.
          That is exactly my look on this.
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        • Profile picture of the author Cali16
          Originally Posted by rugman View Post

          Just a little chime in here from me. Not a real Estate expert.
          If you do something like this aren't you really just handling the marketing for them in a way and getting paid for performance? I would think that if a realtor hired a marketing company to help them that company would not have to be a licensed real estate co.
          I'm pretty sure you're comparing apples to oranges here. Sure, a realtor could hire a marketing company to advertise their services and pay them for that (and many of them do). But if they paid the marketing company a referral fee for each lead that pans out, then that would likely be a different story.

          Marketing companies do marketing - they're not usually trying to be brokers (they'd be foolish to do so without the proper license). This involves brokering real estate deals which is illegal in many states (and other countries as well) if you are not licensed.
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          • Profile picture of the author rugman
            Originally Posted by Cali16 View Post

            I'm pretty sure you're comparing apples to oranges here. Sure, a realtor could hire a marketing company to advertise their services and pay them for that (and many of them do). But if they paid the marketing company a referral fee for each lead that pans out, then that would likely be a different story.

            Marketing companies do marketing - they're not usually trying to be brokers (they'd be foolish to do so without the proper license). This involves brokering real estate deals which is illegal in many states (and other countries as well) if you are not licensed.
            OK - but if I go to a realtor - apartment (plumber etc) and say "I want to do your marketing and you only have to pay me based on results" - wouldn't that be OK? You are really generating leads and getting paid for the ones that close.
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            • Profile picture of the author Cali16
              Originally Posted by rugman View Post

              OK - but if I go to a realtor - apartment (plumber etc) and say "I want to do your marketing and you only have to pay me based on results" - wouldn't that be OK? You are really generating leads and getting paid for the ones that close.
              Getting leads for plumbers and other professionals who offer a service is something entirely different, because that won't fall under real estate laws. There may be some niches (in addition to real estate) in which certain laws do apply for brokering leads, but I don't know.

              As for doing marketing for an apartment complex based on a performance basis, I don't know (someone else could perhaps answer that). It may be a gray area that depends on how you have it set up. But ultimately, you'd probably want to consult with a real estate attorney or talk to your local real estate board to CYA.

              But the method shown here isn't straight marketing, per se. It also involves getting info from the prospective tenant, talking to them, setting up the appointment - and then getting an agreed-upon referral fee if they end up renting.

              As for where the exact line is drawn, I don't have an answer for that. Perhaps WebJunkie or another far more experienced person could answer that for you.
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  • Profile picture of the author quinetta1
    This is a pretty grand idea and it does seem very do-able....basically find an apartment that offers a referral fee (cash) and post on CL to get potential customers looking for somewhere to stay...pretty solid Idea.

    I may try this just see for myself, how it works out.

    Thanks
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  • Profile picture of the author quinetta1
    I can't send you a message yet, but thanks for the great idea..

    I don't think this is illegal, it doesn't seem that way, doesn't make sense that they'd allow for you to get a cash incentive if you can't relay their service to anyone (family/friends/strangers; what would be the difference in this case?)... I don't know, But I may give it a real try.

    Thanks again and "AreeVez" I'm in the Capital.
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    • Profile picture of the author kershawm
      I've heard you can do a similar thing with job posting and referrals to hiring companies.
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      • Profile picture of the author areevez
        Originally Posted by kershawm View Post

        I've heard you can do a similar thing with job posting and referrals to hiring companies.
        Yes hiring companies will pay a very hefty referral fee for qualified applicants!
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    • Profile picture of the author areevez
      Originally Posted by quinetta1 View Post

      I can't send you a message yet, but thanks for the great idea..

      I don't think this is illegal, it doesn't seem that way, doesn't make sense that they'd allow for you to get a cash incentive if you can't relay their service to anyone (family/friends/strangers; what would be the difference in this case?)... I don't know, But I may give it a real try.

      Thanks again and "AreeVez" I'm in the Capital.
      Ok cool, I see what you mean, It makes zero sense to me but hey I am almost sure there is a way to work around the issue for every state. In fact, I WILL do some calling tomorrow morning and see what can be done if this is illegal in your state.
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  • Profile picture of the author CaliChristian
    Great little tactic but Craigslist is kinda online, wouldn't you say?
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    • Profile picture of the author areevez
      Originally Posted by CaliChristian View Post

      Great little tactic but Craigslist is kinda online, wouldn't you say?
      LOL, the offline work here outweighs the online work of just posting a couple ads, I guess you can call it online/offline hybrid if you want to take into account the 3 CL posts
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  • Profile picture of the author areevez
    so in other words, if the apartments hired us and paid us straight from their pockets FOR marketing it would be a different story?
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    • Profile picture of the author Web Junkie
      Aren't you the one selling the WSO? You tell me.

      Originally Posted by areevez View Post

      so in other words, if the apartments hired us and paid us straight from their pockets FOR marketing it would be a different story?
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      • Profile picture of the author areevez
        Originally Posted by Web Junkie View Post

        Aren't you the one selling the WSO? You tell me.
        haha what Im saying is that's the same thing we are doing here, they are paying us out of their pockets for directing leads to them, The debate is over now, Cali said it best, check with your states laws. They suggest calling a RE agent, I suggest calling a lawyer. Thanks

        Arron
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        • Let's stop the insanity here.

          So, instead of calling it a "finder's fee", or a "brokerage fee" let's just call it a "marketing fee" OR an "advertising fee". This is total legit, and will be seen this way, according to the law, as these people need to pay "these types of expenses" in order to grow their business!

          Therefore, using those above-quoted terms gets you around all those legalities of "finder's fees, brokerage fees", etc.

          In addition, like I said earlier, if you know how to use a Joint Venture, this will also curtail those legalities!

          Happy Apartment Hunting!

          JMB

          P.S. I know that this can work, without getting in trouble with the law, based on personal experience (not using THIS EXACT METHOD, but providing very detailed leads and getting paid), because I've done it successfully BOTH in the US and Canada! (especially where the laws or stringent, here in Canada). Therefore, Knowledge, Creativity and then Execution is more powerful than one can realize!
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          • Profile picture of the author areevez
            Originally Posted by JMB Marketing Group View Post

            Let's stop the insanity here.

            So, instead of calling it a "finder's fee", or a "brokerage fee" let's just call it a "marketing fee" OR an "advertising fee". This is total legit, and will be seen this way, according to the law, as these people need to pay "these types of expenses" in order to grow their business!

            Therefore, using those above-quoted terms gets you around all those legalities of "finder's fees, brokerage fees", etc.

            In addition, like I said earlier, if you know how to use a Joint Venture, this will also curtail those legalities!

            Happy Apartment Hunting!

            JMB

            P.S. I know that this is fact, because I've done it successfully BOTH in the US and Canada! (especially where the laws or stringent, here in Canada). Therefore, Knowledge, Creativity and then Execution is more powerful than one can realize!
            THANK YOU!!!
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            • Originally Posted by areevez View Post

              THANK YOU!!!
              You're welcome.
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              • Profile picture of the author areevez
                Originally Posted by JMB Marketing Group View Post

                You're welcome. However, you omitted part of my post. Quite a crucial part, if I may say! Not cool!

                JMB
                LOL I didnt omit anything, I just hit quote, you must have came and edited it!!
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                • Na, I didn't change anything, except my response. The quote is still there. What was missing from your quote was what I quoted:

                  "Not Using This Exact Method". It can be found in the P.S. - Post #132.

                  I tried to use the quotes to show this, but the system wouldn't let me. I'm not a fighter, so let it be!

                  JMB
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    • Profile picture of the author DABK
      If they pay you per lead (whether the lead rents or not you get paid) or if they paid you a flat fee. If you think 5 of the leads you send them will rent, and you want $200 per renter, you charge them a flat fee of $1,000 a month.

      Originally Posted by areevez View Post

      so in other words, if the apartments hired us and paid us straight from their pockets FOR marketing it would be a different story?
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  • Profile picture of the author areevez
    What? Im not a fighter either, I hit quote and I didnt change/edit/erase/omit anything period. Thanks

    Arron
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  • Profile picture of the author helpmePPC
    Yeah be careful.
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    • Profile picture of the author areevez
      Originally Posted by helpmePPC View Post

      You know the easy answer to this solution is based on the words, not on the idea itself. Yes, it is illegal to broker leasing agreements without a license, but the easy way around that is to contract with the management companies as an advertising rep who is paid per closed lead.

      Yes, if you are paid as a co-broker you are screwed blued, and tatooed. Just work as an advertiser for the broker. People have sold leads to licensed agents for years and there is no legal issue if you do it that way. There are tons of business models for selling leads to insurance and real estate pros without licensing.

      See, there was a way for everyone to be happy.

      Yes, I was in the real estate world for many years, I know the laws and how to work around them ethically for years. The problem here is too many people banging their heads on who is right and wrong, without finding a solution to the problem.

      Another way around it is to sign a lease you can assign for a $1 consideration fee. The fact you have consideration makes you a principal in the deal. Sign a lease for a $1 deposit and assign it. That way you can get an assignment fee.

      Either an assignment fee or paid on a per closed lease basis will work (but you must be known as a paid advertiser not a broker).

      Smile, life is good!!!
      Thanks a lot!!!! I was going to ask you to come and chime in being that your ex RE, Do you mind if I use this quote on my sales page to let ppl know about this?
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      • Profile picture of the author helpmePPC
        Originally Posted by areevez View Post

        Thanks a lot!!!! I was going to ask you to come and chime in being that your ex RE, Do you mind if I use this quote on my sales page to let ppl know about this?
        Sure you can, but I want a cut, let's say 100%? Just kidding, sure you can!!!
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  • Profile picture of the author Zayne Kendrick
    This is great stuff areevez!

    So if I understand, you're getting $500 per signed lease from your lead and not per lead right?

    Do you also do this on a per lead basis? and how much would you charge them on every lead?
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    • Profile picture of the author helpmePPC
      Originally Posted by Zayne Kendrick View Post

      This is great stuff areevez!

      So if I understand, you're getting $500 per signed lease from your lead and not per lead right?

      Do you also do this on a per lead basis? and how much would you charge them on every lead?
      This method became vogue when the market started to die. Many lease/option investors turned to rent flippers.

      I will say that you will not get per lead, but closed deal. You should try to get half of the 1st month rent, or maybe just below that. Most management companies get the first full month. If the rent is over $1k then I would compensation to take 40% and over $1500 you should be happy with 30%.
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  • Profile picture of the author xichabodx
    I was going to say there is a difference in words and how you're going about this. The issue folks are having is that you are leasing apartments you don't own or don't have a principle interest in. You can't buy/sell/lease properties you don't own. This is what agents do. Now, if you owned them, then you can do as you please. This is the big difference...a difference that is crucial to keeping you out of some very serious trouble.

    I, myself, have structured real estate deals whereby I signed it up as a lease option with a seller, then assigned my contracts/interest to a tenant/buyer for a few grand down (usually between 2-3% of the sale price as my assignment fee). Not saying you have to sign leases under your name and assign them, but it's an option and a possible consideration. Just check with your local/state laws.

    I'd also suggest you refer to this as a "marketing fee" and don't involve yourself so much in the process of qualifying potential tenants. By doing so, you cut down on the time you need to spend, but can still make the same amount of profits.

    It's still a viable method, just be careful on how you word and approach things!
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  • Profile picture of the author KaterSD
    Renting and selling real estate. which is not being done by anyone here using this method.

    Maybe you need a RE License in Cali if you are doing one or the other, BUT in this case we are not.

    We are simply providing a "LEAD" Lead generating.

    just like mortgage lead generators, does that mean that these mortgage lead generating companies need to have a DRE license? in order to solicit business? I bet they don't!

    We are not signing contracts, showing properties or anything that has to do with property management.

    I think the question to the CA DRE needs to be re asked properly because if it is correct that would mean a tenant who has a referral/ "lead" and gets paid if the lead moves in would require a RE license in order to provide referrals.

    You guys are seriously over complicating this.

    1. Call some apartment managers
    2. Let them know you know some people that are looking to move into the area.
    3. Ask them if they pay referral fees, finders fee; lead fee etc. and ask how much.
    4 If yes, Follow the rest of the instructions here.

    Simple.

    And if the whole DRE license thing bothers you. Become a 1099 marketing agent for the apartments and get paid when you find a tenant. Requires more work, agreements etc, but it can be done.
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    • Profile picture of the author areevez
      Originally Posted by vApor View Post

      Renting and selling real estate. which is not being done by anyone here using this method.

      Maybe you need a RE License in Cali if you are doing one or the other, BUT in this case we are not.

      We are simply providing a "LEAD" Lead generating.

      just like mortgage lead generators, does that mean that these mortgage lead generating companies need to have a DRE license? in order to solicit business? I bet they don't!

      We are not signing contracts, showing properties or anything that has to do with property management.

      I think the question to the CA DRE needs to be re asked properly because if it is correct that would mean a tenant who has a referral/ "lead" and gets paid if the lead moves in would require a RE license in order to provide referrals.

      You guys are seriously over complicating this.

      1. Call some apartment managers
      2. Let them know you know some people that are looking to move into the area.
      3. Ask them if they pay referral fees, finders fee; lead fee etc. and ask how much.
      4 If yes, Follow the rest of the instructions here.

      Simple.

      And if the whole DRE license thing bothers you. Become a 1099 marketing agent for the apartments and get paid when you find a tenant. Requires more work, agreements etc, but it can be done.
      Thanks a lot for adding your input! I agree that this whole thing for complicated for no reason.
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  • Profile picture of the author mikemcghee
    Amazing concept. I will try this out. Thanks!
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    • Profile picture of the author areevez
      Originally Posted by mikemcghee View Post

      Amazing concept. I will try this out. Thanks!
      No problem! You should read this entire thread because there is a lot of information and check with your state laws!
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  • Profile picture of the author KateWills
    Thanks for sharing this valued information and I would like to try these tips.
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    • Profile picture of the author areevez
      Originally Posted by KateWills View Post

      Thanks for sharing this valued information and I would like to try these tips.
      Be my guest! Its not enough money room in my pockets for all the money this stuff is worth!!
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      • Profile picture of the author rugman
        OK - got on this today. Most places don't answer the phone (ans machines). Most places said no. I got one place that has quite a few complexes and they asked me to send them an email - thought they were blowing me off but they replied that they were interested. Got another that said yes but wanted me to run a credit check before I sent them a lead - can I do that? Or should I say credit check required on the ad? I would guess that most people would say that they are fine and then fail at the credit check.
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      • Profile picture of the author sbishop
        I did not read every post, but I did not seek anyone mention Fair Housing Laws. This is very important. You, personally, can be sued for $10k along with the apartment community for ads that discriminate. I worked for the largest apartment management company in El Paso. They manage over 50 apartment complexes. Every employee has to complete a 3 hour training on fair housing before they can start working. There are people out there looking for violatons in advertising and bringing lawsuits.

        Here are my suggestions
        1- check with you state to see if you need a RE liscense.
        2- know the fair housing laws.
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        • Profile picture of the author TheKeys
          Originally Posted by sbishop View Post

          I did not read every post, but I did not seek anyone mention Fair Housing Laws. This is very important. You, personally, can be sued for $10k along with the apartment community for ads that discriminate. I worked for the largest apartment management company in El Paso. They manage over 50 apartment complexes. Every employee has to complete a 3 hour training on fair housing before they can start working. There are people out there looking for violatons in advertising and bringing lawsuits.

          Here are my suggestions
          1- check with you state to see if you need a RE liscense.
          2- know the fair housing laws.

          I don't think you understand. By no means are they real estate agents are employees of a specific apartment organization they are simply providing leads and information to them. Since they are self-employeed seeking commission gain those laws do not abide to them.

          IF they were showing the apartments and worked FOR the company that would be different.
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          • Profile picture of the author Sondor
            Originally Posted by TheKeys View Post

            I don't think you understand. By no means are they real estate agents are employees of a specific apartment organization they are simply providing leads and information to them. Since they are self-employeed seeking commission gain those laws do not abide to them.

            IF they were showing the apartments and worked FOR the company that would be different.
            Bad advice. It's NOT that simple. Simply providing leads and information as you put it is ILLEGAL in many places.

            Call your local RE Board or the State itself as others have. Frankly, the easiest person to call is likely a local Realtor as they know this stuff and they ALWAYS answer their phones lol...

            RE laws are far-reaching. Loop-holes have long been closed. Providing leads gets you tossed in with bird-doggers, short-sales 'specialists', and mortgage assistance brokers.

            I won't get into it here, but a very good friend is facing jail time for RE activity that was perfectly legal in 2009, but is NOT in 2011. If anyone wants to ask, send me a PM but I won't post details on a public forum.

            Because of all the news etc... they ARE following up on this sort of activity.

            If you'd like a rant, most of the laws restricting this sort of activity comes from Realtors (and professional property managers) themselves. They simply don't want anyone else butting in on their turf and they employ very powerful lobbyists.

            Bottom line, Check it out in YOUR state and decide.
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            • Profile picture of the author Web Junkie
              Originally Posted by Sondor View Post

              Bad advice. It's NOT that simple. Simply providing leads and information as you put it is ILLEGAL in many places..
              Thanks for weighing in on this. I think that the question is - "What state would allow this?" I would bet money that you would not be able to find a state that would allow it.

              @areevez
              So, maybe you should rename your WSO title to -
              "Information so smoking hot you'll need an attorney & a bailbondsmen to use it.."
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              • Profile picture of the author areevez
                Originally Posted by Web Junkie View Post

                Thanks for weighing in on this. I think that the question is - "What state would allow this?" I would bet money that you would not be able to find a state that would allow it.

                @areevez
                So, maybe you should rename your WSO title to -
                "Information so smoking hot you'll need an attorney & a bailbondsmen to use it.."
                Im done with this thread, gotten way to outta hand, Webjunkie, Why dont you go do something with yourself, you said you were done with this thread pages ago, cant seem to keep yourself from talking crap? bored? There is a lot of info in this thread for everyone to make their own adult decision, your not helping anything cosigning to make you feel cooler.

                Arron
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              • Profile picture of the author Vikuna2009+
                Originally Posted by Web Junkie View Post

                Thanks for weighing in on this. I think that the question is - "What state would allow this?" I would bet money that you would not be able to find a state that would allow it.

                @areevez
                So, maybe you should rename your WSO title to -
                "Information so smoking hot you'll need an attorney & a bailbondsmen to use it.."
                Ha, ha, gave me my first giggle of the day, lol!

                Now, as we all understand the potential of this smoking hot opportunity, let's look at it AGAIN! And, I am NOT trying to stir up some trouble here, not at all.

                Many successful realtors (members of a real estate multiple listing association) and real estate agents (non-members) do employ assistants to assist with various tasks. What if you could find yourself a likeable realtor (because they have access to MLS, the "likeable" factor is a whole other subject, lol) and officially become an "assistant". As such, they have a license, you don't.

                Putting it simply, you'd apply this WSO's special twist and because of your income producing efforts, you would demand a high "salary". Yes, you would be an employee and that might just be to horrible for some of you. On the other hand, who wouldn't love a high "salary".

                Then again, what duties you could perform as an "employee" is also governed by DRE but it would be the realtors responsibility to limit you to tasks that you were allowed to perform.

                Just another 2 cents... and Aaron, thanks again, you got us all thinking, Eva
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                • Profile picture of the author mike_lucas
                  Been watching this from day one but instead of watching and asking a "real estate broker who knows a little but also has a vested interest to say the least ( which at first I did )in the subject in more ways that one . I spent a few dollars ( ok more then a few lol) and paid for our attorney to research. Came back, 6 out of the 7 states I am looking at doing, there is zero problem, if certain paperwork is signed etc. the other one is a "grey area"

                  Please don't ask the states as I am not going to tell , as I did this to cover my behind and I would highly suggest if you are looking at this model and feel you are not sure to do the same but do NOT ask a real estate agent. I did and they were all wrong , at least 4 of the 5. One was honest and said they were not sure. They do not know all the the areas of the law.
                  Reading the law from a web site or law book is NOT knowing the law if that was the case everyone would be a attorney as I am sure everyone knows.
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                  • Profile picture of the author Vikuna2009+
                    Originally Posted by mike_lucas View Post

                    Been watching this from day one but instead of watching and asking a "real estate broker who knows a little but also has a vested interest to say the least ( which at first I did )in the subject in more ways that one . I spent a few dollars ( ok more then a few lol) and paid for our attorney to research. Came back, 6 out of the 7 states I am looking at doing, there is zero problem, if certain paperwork is signed etc. the other one is a "grey area"

                    Please don't ask the states as I am not going to tell , as I did this to cover my behind and I would highly suggest if you are looking at this model and feel you are not sure to do the same but do NOT ask a real estate agent. I did and they were all wrong , at least 4 of the 5. One was honest and said they were not sure. They do not know all the the areas of the law.
                    Reading the law from a web site or law book is NOT knowing the law if that was the case everyone would be a attorney as I am sure everyone knows.
                    Well, THAT is information to die for, lol! Had a strong feeling that there ARE ways to do this without a license but you'd better know what you are doing. Since I do have a license, no reason for me to shell out the money, just need another continuing education class (which I am working on right now).

                    Way to go man, you'll make a killing! Kudos!!!
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                  • Profile picture of the author areevez
                    Originally Posted by mike_lucas View Post

                    Been watching this from day one but instead of watching and asking a "real estate broker who knows a little but also has a vested interest to say the least ( which at first I did )in the subject in more ways that one . I spent a few dollars ( ok more then a few lol) and paid for our attorney to research. Came back, 6 out of the 7 states I am looking at doing, there is zero problem, if certain paperwork is signed etc. the other one is a "grey area"

                    Please don't ask the states as I am not going to tell , as I did this to cover my behind and I would highly suggest if you are looking at this model and feel you are not sure to do the same but do NOT ask a real estate agent. I did and they were all wrong , at least 4 of the 5. One was honest and said they were not sure. They do not know all the the areas of the law.
                    Reading the law from a web site or law book is NOT knowing the law if that was the case everyone would be a attorney as I am sure everyone knows.
                    Awesome, yeah it made me laugh everytime they said CALL YOUR LOCAL REAL ESTATE BOARD. Why call them to find out it something is legal or illegal? I would never had thought to ask a RE agent, that's conflict of interest and they will say what they want, so my suggestion would be to simply ask a lawyer! Way to take action Mike!
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                    • Profile picture of the author Cali16
                      Originally Posted by areevez View Post

                      Awesome, yeah it made me laugh everytime they said CALL YOUR LOCAL REAL ESTATE BOARD. Why call them to find out it something is legal or illegal? I would never had thought to ask a RE agent, that's conflict of interest and they will say what they want, so my suggestion would be to simply ask a lawyer! Way to take action Mike!
                      You clearly don't understand how state boards work. You are assuming they have a conflict of interest because they are going to side with realtors. In my lengthy experience (not with real estate, but with another field in which I dealt extensively with my state's licensing board during my post doctoral residency) they are put in place to govern and regulate things to protect the public or the consumer, not the group of individuals to whom they grant licenses to practice.

                      So, I disagree that they would be the wrong entity to contact regarding laws in your local area. They are going to be very familiar with the laws and it will not be a conflict of interest to talk to them. If I were going to pursue this, I'd call them first, not an attorney. If I wanted to talk to an attorney as well, I would do so after seeing what the state board had to say.

                      I do understand, Arron, why you applaud everyone who says something that suggests your method is legal and fine (or legal with a couple minor changes of wording, or whatever). If it is legal in some places or with a couple minor twists, great! But it's interesting to me that you've never talked to an attorney or your local real estate board to find out, clearly, what the laws are where you live regarding your method as you initially presented it in this thread (unless I've missed it).

                      With all due respect, stop listening to everyone else's opinion here and educate yourself. In the end, no one's opinion here really matters for anyone else. Each person nees to do his or her own due diligence and find out what the laws are in their respective state or country. If, after doing that, they feel comfortable doing this, then great! But laws are laws. Others' opinions, personal opinions, and interpretation won't change them, so relying on those alone is just plain foolish.
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  • Profile picture of the author Big Gee
    just read all the posts...very inspired thank you areevez. Ill do my own research and take all things into consideration.
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  • Profile picture of the author TheKeys
    Very interesting marketing method!
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  • Profile picture of the author vndnbrgj
    Just an update...

    I heard back from the State of Michigan's Real Estate Licensing Board and this is ILLEGAL. You must be licensed as a Salesperson of Real Estate... Then work under a broker... And you are only allowed to work under one broker.

    I also asked about selling leads to complexes.... the answer was NO

    If you live in Michigan, I can give you the phone number to call and confirm for yourself. Just send me a PM.

    That's too bad. I bought a domain name and was going to set up a site, I was just waiting for approval.... And it never came
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  • Profile picture of the author T.R. McCarroll
    Here is the skinny in Florida ... take a look at the bottom of the chart /// right hand side.

    Services that require a license - Real Estate

    T.R.
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  • Profile picture of the author seanpar
    Thanks or sharing terry!
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    • Profile picture of the author Cali16
      Thanks for sharing that, T.R. This method would clearly seem to fall under this (from the website you just shared):

      "Advertising or attempts to advertise real property of another for compensation."

      Interesting. Granted, that's in Florida, although what I've read in the real estate laws in several other states have been similar. The above doesn't seem to allow for any leeway just because someone changes the wording they use - it looks pretty straight forward.

      Bottom line, maybe some have done this with success and not gotten into legal trouble (that in itself doesn't make it legal). And perhaps it is legal in some states. But if you are going to do this method, you'd better be sure to thoroughly check your state laws. It would be great if it were simple and having a license wasn't an issue, but they do seem to be required in many places.
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      • Profile picture of the author rackman63
        I think its an interesting concept and you could adjust it for different markets

        thanks
        phillip in san diego
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        • Profile picture of the author StarkContrast
          Originally Posted by rackman63 View Post

          I think its an interesting concept and you could adjust it for different markets

          thanks
          phillip in san diego

          And this statement, my friends, is worth the entire thread. Think about it.
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      • Profile picture of the author Web Junkie
        Yep..that pretty much sums it up. I couldn't imagine any state that would allow this though. If they did, it would open the door to scammers and those that were ignorant to real estate laws/procedures.


        Originally Posted by Cali16 View Post

        Thanks for sharing that, T.R. This method would clearly seem to fall under this (from the website you just shared):

        "Advertising or attempts to advertise real property of another for compensation."

        Interesting. Granted, that's in Florida, although what I've read in the real estate laws in several other states have been similar. The above doesn't seem to allow for any leeway just because someone changes the wording they use - it looks pretty straight forward.

        Bottom line, maybe some have done this with success and not gotten into legal trouble (that in itself doesn't make it legal). And perhaps it is legal in some states. But if you are going to do this method, you'd better be sure to thoroughly check your state laws. It would be great if it were simple and having a license wasn't an issue, but they do seem to be required in many places.
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  • Profile picture of the author sweetloleypop
    i find it unique WSO, thanks for sharing it to us.Let me think about it and try it.Who knows you are right.
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  • Profile picture of the author Sondor
    Ok, just for the sake of discussion...

    Here's some governing laws (Oregon Revised Statutes - ORS) from the State of Oregon where I live as they pertain to Real Estate Marketing - emphasis in bold is mine:

    REAL ESTATE MARKETING

    696.600 Definitions for ORS 696.392, 696.600 to 696.785 and 696.995

    696.603 License requirement

    696.606 Real estate marketing organization license; requirements; deposit required; claims against deposit; rules

    696.609 Exemptions from ORS 696.392, 696.600 to 696.785 and 696.995

    696.612 Grounds for disciplinary action

    696.615 Publication of sanctions imposed for violations

    696.618 Denial of right to court action for unlicensed real estate marketing organization (that's messed up... No DUE PROCESS!?! Btw, the fine here for EACH transaction is $5k.)
    -----------------------------------------------------------------------

    696.600 Definitions for ORS 696.392, 696.600 to 696.785 and 696.995. As used in ORS 696.392, 696.600 to 696.785 and 696.995: (1) “Employee” includes an individual who has an independent contractual relationship with a real estate marketing organization and performs real estate marketing activity.
    (2) “Real estate marketing activity” means procuring or offering to procure prospects to purchase, sell, lease or rent real estate by telemarketing, mail or otherwise.
    (3) “Real estate marketing organization” means any person, including a partnership, association, corporation, limited liability company or other organization, other than a real estate marketing employee, that engages in real estate marketing activity and is licensed under ORS 696.606.
    (4)(a) “Real estate marketing employee” means an individual who receives compensation from a real estate marketing organization for performing real estate marketing activity.
    (b) “Real estate marketing employee” does not mean an individual licensed under ORS 696.022. [1995 c.217 §2; 2001 c.300 §65; 2007 c.319 §16]


    696.603 License requirement. (1) A person may not engage in real estate marketing activity unless that person is: (a) Licensed under ORS 696.606;
    (b) Licensed under ORS 696.022; or
    (c) Registered by a person licensed under ORS 696.606.
    (2) No person may employ an individual as a real estate marketing employee unless the person registers the individual with the Real Estate Commissioner as the employee of the real estate marketing organization before the individual commences real estate marketing activity.
    (3) This section applies to persons who:
    (a) Initiate real estate marketing activity in this state; or
    (b) Initiate real estate marketing activity in another state that includes contacting persons in this state.
    (4) One act or transaction of real estate marketing activity is sufficient to constitute engaging in real estate marketing activity within the meaning of this section. [1995 c.217 §3; 2001 c.300 §66]

    Notice the dates above? "[1995 c.217 §3; 2001 c.300 §66]"? Those are the codification dates for these particular ORS's. Note there is NOT any recent changes? This stuff isn't NEW. Nobody will have any sympathy for you when you violate these statutes.

    Also, note that all this is expressly written in the Oregon Revised Statutes? That's the top level law as passed by Congress. The next level down is the Oregon Administrative Rules (OAR's) which are passed by the section responsible for enforcing the ORS's.

    Most states have a similar system. Items in the statutes are not realistically arguable. Rules however can be. That's another topic...

    Full laws regarding RE activity in Oregon can be found here: http://landru.leg.state.or.us/ors/696.html'


    I have seven years experience working for the State of Oregon and the State of Nevada. What I posted is not the complete text, but that which I found immediately relevant to the topic.
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  • Profile picture of the author helpmePPC
    Asking a realtor, or the board of realtors, is a joke. Asking the majority of attorneys is also a waste of money and time. Find an attorney who does title work and has a minimum of 5 years of experience before you pay for an expert in the field.

    Most attorneys are masters of "I believe" or "from what I can see" without telling you the laws. Most experienced title company attorneys actually know the laws.
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    • Profile picture of the author WillDL
      Originally Posted by helpmePPC View Post

      Asking a realtor, or the board of realtors, is a joke.
      I think this might be a common misunderstanding that people are having in this thread.

      When people talk about asking the real estate board, they don't mean contact your local branch of the National Associations of Realtors. They mean contact the local office of your state's real estate board (or real estate commission where I live). This is a government body responsible for giving licenses. It is also responsible for enforcing real estate laws.

      It is absolutely the appropriate body to ask, since it is the one Realtors would report you to if they thought you were breaking licensing laws. It is the board that would decide whether or not the state took action. It does not consist of realtors and there is no conflict of interest.
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  • Profile picture of the author Sal Corso
    Originally Posted by Gordon Gekko View Post

    I see some people are so desperate to believe anything they hear on here that they're willing to commit a crime, despite the fact that they've been warned.
    C'mon now Gordon, "commit a crime"? This wso is about generating leads; it has nothing to do with real estate, brokers, renting or selling properties, etc To many of you are really getting way out of hand here.

    My mother rents apartments. She isn't a real estate agent or broker, nor does she have a real estate license. She is simply a leasing agent. Her job consists of advertising the rental units/properties (generating leads), she meets with possible renters, shows the apartment and fills out the lease. If her employer wants to offer me a finders fee for leads that I can generate that sign a lease, I'll be acting as an independent contractor/agent. It has nothing to do with real estate laws, licenses, committing crimes (still lmao), etc. So end it already.

    Great business model BTW
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    • Profile picture of the author Cali16
      Sal, perhaps your mother doesn't need a license in the state in which she lives. But, below are the laws in Oregon and a license IS required (taken from Licensing Section Introduction to Real Estate Licensing - which I'm pretty sure is a VERY reliable site when it comes to real estate laws here). The bolds are mine. Interpret them as you please, but it contradicts what you are saying (at least in this state and many others, regarding those who engage in renting and leasing -someone at some level certainly needs a license). And, at least "j" would seem to apply to the method outlined in this thread.

      Oregon Real Estate License Law says a real estate license is required for someone to conduct professional real estate activity (ORS 696.020). Professional real estate activity (ORS 696.010) means:
      “. . . any of the following actions, when engaged in for another and for compensation or in the expectation or upon the promise of receiving or collecting compensation, by any person who:

      (a) Sells, exchanges, purchases, rents or leases real estate;
      (b) Offers to sell, exchange, purchase, rent or lease real estate;
      (c) Negotiates, offers, attempts or agrees to negotiate the sale, exchange, purchase,rental or leasing of real estate;
      (d) Lists, offers, attempts or agrees to list real estate for sale;
      (e) Offers, attempts or agrees to perform or provide a competitive market analysis or letter opinion, to represent a taxpayer under ORS 305.230 or 309.100 or to give an opinion in any administrative or judicial proceeding regarding the value of real estate for taxation, except when the activity is performed by a state certified appraiser or state licensed appraiser;
      (f) Auctions, offers, attempts or agrees to auction real estate;
      (g) Buys, sells, offers to buy or sell or otherwise deals in options on real estate;
      (h) Engages in management of rental real estate;
      (i) Purports to be engaged in the business of buying, selling, exchanging, renting or leasing real estate;
      (j) Assists or directs in the procuring of prospects, calculated to result in the sale, exchange, leasing or rental of real estate;


      There is also a long list of exemptions here: http://landru.leg.state.or.us/ors/696.html (far too long to post, but the ONLY one that I coudl find that allowed a non-licensed individual to receive compensation for referrals was ("v"):

      (v) A nonlicensed individual who refers a new tenant for compensation to a real estate licensee acting as the property manager for a residential building or facility while the individual resides in the building or facility or within six months after termination of the individual’s tenancy.

      That is the only provision that I can see that allows someone to refer new tenants for compensation (which is the premise of this method) BUT you must live there or have lived there within the prior 6 months.

      So, I question that this method would be legal in Oregon without a license, but maybe it is in other states. Or maybe there are ways around it. But again, each person has to do their own due diligence and decide for themselves.
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      • Profile picture of the author Sal Corso
        Originally Posted by Cali16 View Post

        Sal, perhaps your mother doesn't need a license in the state in which she lives. But, below are the laws in Oregon and a license IS required (taken from Licensing Section Introduction to Real Estate Licensing - which I'm pretty sure is a VERY reliable site when it comes to real estate laws here). The bolds are mine. Interpret them as you please, but it contradicts what you are saying (at least in this state and many others, regarding those who engage in renting and leasing -someone at some level certainly needs a license). And, at least "j" would seem to apply to the method outlined in this thread.

        Oregon Real Estate License Law says a real estate license is required for someone to conduct professional real estate activity (ORS 696.020). Professional real estate activity (ORS 696.010) means:
        ". . . any of the following actions, when engaged in for another and for compensation or in the expectation or upon the promise of receiving or collecting compensation, by any person who:

        (a) Sells, exchanges, purchases, rents or leases real estate;
        (b) Offers to sell, exchange, purchase, rent or lease real estate;
        (c) Negotiates, offers, attempts or agrees to negotiate the sale, exchange, purchase,rental or leasing of real estate;
        (d) Lists, offers, attempts or agrees to list real estate for sale;
        (e) Offers, attempts or agrees to perform or provide a competitive market analysis or letter opinion, to represent a taxpayer under ORS 305.230 or 309.100 or to give an opinion in any administrative or judicial proceeding regarding the value of real estate for taxation, except when the activity is performed by a state certified appraiser or state licensed appraiser;
        (f) Auctions, offers, attempts or agrees to auction real estate;
        (g) Buys, sells, offers to buy or sell or otherwise deals in options on real estate;
        (h) Engages in management of rental real estate;
        (i) Purports to be engaged in the business of buying, selling, exchanging, renting or leasing real estate;
        (j) Assists or directs in the procuring of prospects, calculated to result in the sale, exchange, leasing or rental of real estate;


        There is also a long list of exemptions here: http://landru.leg.state.or.us/ors/696.html (far too long to post, but the ONLY one that I coudl find that allowed a non-licensed individual to receive compensation for referrals was ("v"):

        (v) A nonlicensed individual who refers a new tenant for compensation to a real estate licensee acting as the property manager for a residential building or facility while the individual resides in the building or facility or within six months after termination of the individual's tenancy.

        That is the only provision that I can see that allows someone to refer new tenants for compensation (which is the premise of this method) BUT you must live there or have lived there within the prior 6 months.

        So, I question that this method would be legal in Oregon without a license, but maybe it is in other states. Or maybe there are ways around it. But again, each person has to do their own due diligence and decide for themselves.
        Cali16,

        I appreciate your very extensive research, however... As for my mother, she is an employee of a property management company, so nothing in your post relates what so ever.(the fact that we are even discussing my mother in this thread is insane.. lol)

        As for this lead gen method- All you have to do is reword it depending what state you are in. In some states you are a lead broker, some states you are receiving a finders fee, etc.

        This has gotten way out of hand and I have wasted enough time here, so I am out... oh btw, last night after midnight I used this method and posted an ad in craigslist. By 2am there was one lead in my inbox, this morning there were already several. Pretty cool.
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  • Profile picture of the author palent1
    This is and was an awesome idea, but as I kept following it the question of legality in my state kept coming up. A few minutes ago the thought came to check with some well established rental sites. After all, they are making money advertising real estate (apartments) right? So I visited Rent.com (owned by eBay). At the bottom of their pages they have a link titled "Licenses". Once their, they have a list of states they have licenses in. Wouldn't you know it, my state was on the list.

    Also on that page they had a couple of lines that anyone living in the listed states should think about before pursuing this venture in those states. These are the 2 lines:

    "Rent.com is licensed as a Real Estate Broker in those states where it believes it may be necessary to do so in order to comply with state regulations. While Rent.com is licensed in certain states, Rent.com does not render legal, brokerage, or other professional advice or services to either its Renter or Lessor customers"

    That should give you enough to think about. I really wish I didn't live in a state that was listed, I would definitely pursue this idea. If another few of my ideas don't work out, I may return to this. At very least, I may talk to a couple of real estate friends of mind about building a site and system for them, then charge them something like a month-to-month adjustable rent on it.
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  • Profile picture of the author palent1
    Here's another idea I just had. If you have a relative or friend that is a real licensed real estate broker, offer him or her to become a part-time employee. Then create the system, of which you will rent to him/her, but manage it as a part-time employee. Your employment agreement would be that you would work for wages plus bonuses. Just an idea.
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  • Profile picture of the author Web Junkie
    To the people that realized this won't work in their state (or would prefer to make 10-20x as much money) -

    You shouldn't be discouraged. This strategy is small-time anyway. Most realtors will even tell you that they don't get involved in rentals because it's generally the lowest producing aspect of real estate.

    With that being said, you could still combine the internet & real estate to make an amazing income. All that you need is a signed purchase agreement and a small deposit (I usually give them $10) to pocket a minimum of $5,000 per deal.

    Here's an example of one that I picked up in this fashion (I made MUCH more than $5,000 on it):


    If you are able to line up a good deal, there will be a dozen or so investors willing to cash you out and takeover the project for a nice finder's fee. This is not the stuff of infomercials..it's a real life way to make a living. I'll try to make a video from another property explaining how it's done.

    Believe me - You don't want to be a bird dog for rental agencies & you certainly don't want to be a realtor. The real money is in getting contracts signed & flipping them to other investors until you have enough cash to hold onto them as rental properties. Only then can you begin to create real wealth.

    Best of luck guys,

    Rich
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  • Profile picture of the author rolltide
    Web Junkie-Are you referring to lease options?
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  • Profile picture of the author SirThomas
    ^^ OPTION AGREEMENT FOR PURCHASE OF REAL PROPERTY
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    • Profile picture of the author Web Junkie
      Sure - you could get an option on the property & sell your option to another investor. If you can't find a buyer, you simply let the option expire.

      However, I usually get a full purchase agreement signed & then sell that contract to another investor. I find this to be an easier sale when dealing with homeowners. As long as you sign up a contract that gives you the ability to "assign", you can sell it or partner up with others.

      Either technique works just fine. Keep in mind that this is within the United States.

      Rich

      PS - If you come across a good deal with this method, PM me & I'll personally buy the contract from you (within the USA).
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      • Profile picture of the author Ocean1
        Originally Posted by Web Junkie View Post

        Sure - you could get an option on the property & sell your option to another investor. If you can't find a buyer, you simply let the option expire.

        However, I usually get a full purchase agreement signed & then sell that contract to another investor. I find this to be an easier sale when dealing with homeowners. As long as you sign up a contract that gives you the ability to "assign", you can sell it or partner up with others.

        Either technique works just fine. Keep in mind that this is within the United States.

        Rich

        PS - If you come across a good deal with this method, PM me & I'll personally buy the contract from you (within the USA).

        I am very interested in Web Junkie's post cant pm so I sent you an email. Thanks for all the great info!

        -Pete
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  • Profile picture of the author rolltide
    Thanks for your advice rich. I have been studying lease options for homeowners. This is a good fit for my local real estate market I think .
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  • Profile picture of the author rolltide
    which method do you suggest starting with? lease option or assignment?
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  • Profile picture of the author areevez
    SOME GREAT INFO ADDED, THANKS TO EVERYONE..I LEARNED SOME NEW STUFF
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  • Profile picture of the author aduttonater
    Sounds like an incredible plan and another commission position.
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  • Profile picture of the author rolltide
    Web Junkie-shoot me a pm. I am getting mentored by one guy but would like to bounce some ideas off you as well. Starting with lease options and option assignments. Going to pound the phone from for sale by owner , paper, and cl this week. Start the bandit signs soon. I am still hitting the offline marketing hard but think I could pick up some nice coin doing this as well.
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  • Profile picture of the author DazedandConfused
    Hi areevez - great idea! Thanks for the tips...
    You write "...That’s it. Take the qualified calls, make sure you have their full name, and agree on a time for them to visit the apartment. Once a day and time is agreed upon, call up the manager and let them know you have a lead coming in at that specific time, give them their name, and tell them you will follow up with them to see if they got approved a day later....

    Are you coordinating the agreed upon appointment time with the apt. mgr and the renter?
    Or are you setting the appointment with the expectation of the mgr being there to show the apt.?
    Do the apts you service normally have a main office, - or a resident mgr...?

    Thanks,
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    • Profile picture of the author FormerWageSlave
      I have the same question...

      Originally Posted by DazedandConfused View Post

      Hi areevez - great idea! Thanks for the tips...
      You write "...That's it. Take the qualified calls, make sure you have their full name, and agree on a time for them to visit the apartment. Once a day and time is agreed upon, call up the manager and let them know you have a lead coming in at that specific time, give them their name, and tell them you will follow up with them to see if they got approved a day later....

      Are you coordinating the agreed upon appointment time with the apt. mgr and the renter?
      Or are you setting the appointment with the expectation of the mgr being there to show the apt.?
      Do the apts you service normally have a main office, - or a resident mgr...?

      Thanks,
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  • Profile picture of the author mauricejh
    This is a very interesting thread,and busygal21 could not put it any better.The terminology
    that you use makes all the difference in the world . A "referral fee" is completely different
    from a "marketing fee" If Real estate agents did all there marketing ,and didn't outsource at least some of there marketing ,they would go insane lol .they pay a marketing fee to the person or company that perform those tasks. Now i would in fact have some sort of nd agreement that stated that i am not acting as a real estate agent/broker and that I would be paid a "marketing fee" for lead generation

    p.s I am not an attorney and i am not giving legal advise ,just stating my own experience
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  • Profile picture of the author nickvs13901974
    I'm an agent and I will be using this method in my market. Thanks for the info!!!
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  • Profile picture of the author JimRohades
    thanks for sharing this will try this with my business
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  • Profile picture of the author areevez
    I confirm the time and day with the apt manager first so they know that I have someone coming in. They usually have a main office in my area.
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  • Profile picture of the author Teravel
    So I found this thread about a week ago and though I should give it a try. I gathered a list of apartment complexes in my neighboring towns, and called over two dozen of them. Out of all the calls I made, not a single place pays for referals/leads.

    Any suggestions?
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  • Sounds like you need to have a background in real estate, no? Can a novice do this easily?
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    • Profile picture of the author areevez
      Originally Posted by Robert Jackson Jr View Post

      Sounds like you need to have a background in real estate, no? Can a novice do this easily?
      This can be done without any experience, there has been a stir about checking your state laws about needing a RE license to do this. But you can just do it the same as my first post but instead of taking a referral fee, you have to get them to agree to a set marketing fee.
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      • Profile picture of the author RRG
        Originally Posted by areevez View Post

        This can be done without any experience, there has been a stir about checking your state laws about needing a RE license to do this. But you can just do it the same as my first post but instead of taking a referral fee, you have to get them to agree to a set marketing fee.
        Yeah, I checked into this as well. Most apartments only offered referral fees to current residents, an usually only a $200 credit on rent (no cash). One or two offered $200 check, but only if the new renter put your name on the application.

        Also--and yes, one must always check state laws--it seems clear based on my research that you have to be a licensed Real Estate broker to do this. One possible option is to get a licensed broker to "front" for you and use his name/credentials to get the referral commission paid, then he takes a cut of it.

        If that's in place, it also seems clear that if you're going to pursue this biz idea, you have to go to an apartment manager, and instead of asking what kind of referral bonus they pay, turn the tables: "If I could bring you qualified leads that will sign a 12-month lease at $800/month and you're going to make $9600, will you pay me a measly 6% commission? ($576).

        But as a RE pro I know (and the RE guy who made several posts on this thread) said, this is kind of small potatoes. In fact, my RE guy wants me to find leads for commercial tenants and he will pay five figures and up when a deal closes.
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        • Profile picture of the author sparro
          Originally Posted by RRG View Post

          But as a RE pro I know (and the RE guy who made several posts on this thread) said, this is kind of small potatoes. In fact, my RE guy wants me to find leads for commercial tenants and he will pay five figures and up when a deal closes.
          Yes, Commercial RE Brokers will be more willing to pay a fee and it should be higher then $200. What's great about this thread is it has everyone's thinking cap on.
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          • Profile picture of the author dannn
            You don't need any licence to introduce tenants to landlords in the UK. Although I'm in the hotel industry, I used to show prospective tenants flats next door to my hotel few years ago . The main drawback in London (and I guess in other desirable areas) is that rents are extremely high, and properties are nothing to shout about. Flats are small, walls are paper thin, and so on. If I only could get a pound each time I heard - I can't believe you ask £xxxx for this place.
            It took 30 or more prospective tenants to get one to sign the tenancy agreement.
            Also, this seems to be very seasonal business, late August, September and October were hectic, while winter months were almost dead.
            My main advice is NOT to give phone number (or give voicemail number), lots of timewasters calling any time day or night, better to deal by email.
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        • Profile picture of the author Vikuna2009+
          Originally Posted by RRG View Post

          Yeah, I checked into this as well. Most apartments only offered referral fees to current residents, an usually only a $200 credit on rent (no cash). One or two offered $200 check, but only if the new renter put your name on the application.

          Also--and yes, one must always check state laws--it seems clear based on my research that you have to be a licensed Real Estate broker to do this. One possible option is to get a licensed broker to "front" for you and use his name/credentials to get the referral commission paid, then he takes a cut of it.

          If that's in place, it also seems clear that if you're going to pursue this biz idea, you have to go to an apartment manager, and instead of asking what kind of referral bonus they pay, turn the tables: "If I could bring you qualified leads that will sign a 12-month lease at $800/month and you're going to make $9600, will you pay me a measly 6% commission? ($576).

          But as a RE pro I know (and the RE guy who made several posts on this thread) said, this is kind of small potatoes. In fact, my RE guy wants me to find leads for commercial tenants and he will pay five figures and up when a deal closes.
          Guess it depends on your sales approach (see below).

          Who am I to say? Check and check again. As far as I am concerned, I am going for it. Got 574 pages of continuing education and am aboutn 2 thirds done with it. Pain in the you know "what" but once done, I can take this concept to an even higher level, lol.

          Turning the tables is DEFINITELY the way to go, thanks for pointing that out.

          5 figures? WOW! Food for thought...

          And, Aaron (prob mis spelled again, lol) you rock!

          P.s. Anybody else care to report back of your experience?
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          • Profile picture of the author nrg2011
            We do this exact business nationally, and are always looking for marketers who would like to assist us in helping people find new living arrangements.

            * We have existing relationships with many apartment complexes nationwide.

            * We will assist you with marketing strategies to help you succeed. When you make $, we make $.

            * We pay well, and we pay quickly.

            * We have a call center to handle leads if you prefer to focus on generating business.

            * If we do not serve your marketing area, our team can expand into your area very quickly.

            If you have interest, private message me. I am new to the board, and have an interesting time reading all the messages. Is there a better place to post this information? thanks in advance.
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            • Profile picture of the author mike_lucas
              ngr2011 pm sent
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              • Profile picture of the author nrg2011
                @Mike Lucas... Thanks for the reply. I hope we can help each other. It would seem you have to have 40 posts on here to be able to private message. No worries. I will send you more information on our programs, and if our program complements yours, let's make some $.
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                • Profile picture of the author mike_lucas
                  sent you a pm with my contact info
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            • Profile picture of the author RRG
              Originally Posted by nrg2011 View Post

              We do this exact business nationally, and are always looking for marketers who would like to assist us in helping people find new living arrangements.

              * We have existing relationships with many apartment complexes nationwide.

              * We will assist you with marketing strategies to help you succeed. When you make $, we make $.

              * We pay well, and we pay quickly.

              * We have a call center to handle leads if you prefer to focus on generating business.

              * If we do not serve your marketing area, our team can expand into your area very quickly.

              If you have interest, private message me. I am new to the board, and have an interesting time reading all the messages. Is there a better place to post this information? thanks in advance.
              I would be interested in learning more about this. I don't have enough posts to PM, either. Do you have an email I can send to?

              Thanks.
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          • Profile picture of the author RRG
            Originally Posted by Vikuna2009+ View Post

            Guess it depends on your sales approach (see below).

            Who am I to say? Check and check again. As far as I am concerned, I am going for it. Got 574 pages of continuing education and am aboutn 2 thirds done with it. Pain in the you know "what" but once done, I can take this concept to an even higher level, lol.

            Turning the tables is DEFINITELY the way to go, thanks for pointing that out.

            5 figures? WOW! Food for thought...

            And, Aaron (prob mis spelled again, lol) you rock!

            P.s. Anybody else care to report back of your experience?
            So you're a licensed agent? If so, you can do it. When I first saw this thread, I though it might be a nice way to make few extra beans. But I doubt there is even one state in the US where this is legal if you're not licensed.
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  • Profile picture of the author Wiz Khalifa
    I'll give it a try. this forum is surprisingly nice when it comes to ideas i can implement especially now that i moved to so.cal
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    • Profile picture of the author RRG
      Originally Posted by Wiz Khalifa View Post

      I'll give it a try. this forum is surprisingly nice when it comes to ideas i can implement especially now that i moved to so.cal
      Unlikely you will be able to do this legally in Cali unless you're a licensed real estate broker or agent or whatever they call it there.
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  • Profile picture of the author jbrowder2
    Hey Arron: I bought your Affiliate Commander WSO and am in the process of implementing it. Just waiting for the SMS provider to approve...

    Anyway, on this apartment lead generating idea---you gave a couple of terms I'm not familiar with: PVAs and IP solution. Not sure what they are or how they apply with this WSO. Please enlighten. Thanks.

    Jack
     
     
     
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  • Profile picture of the author Quincy
    Unfortunately in Florida I'm pretty sure you're required to have a realtors license to receive more than $50 for a referral fee. Realtors out here are very territorial and have a huge lobby. Ironically, IMO most of them are not very creative and broke too.
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  • Profile picture of the author Quincy
    Here are the rules in Florida for anyone who's interested:

    Florida Crackdown On Resident Referrals - 5/19/2009

    Attorney General's Office On The Look-out
    REFERRAL OR FINDERS FEES TO CURRENT RESIDENTS
    FS 475.011 specifically allows the payment of a referral fee or finder's fee to a current resident for referring a new resident to the apartment community. The law exempts "Any property management firm or any owner of an apartment complex for the act of paying a finder's fee or referral fee to an unlicensed person who is a tenant in such apartment complex, provided the value of the fee does not exceed $50.00 per transaction". This means that no license is required by either party to give or receive this finder's fee or referral fee. The amount given cannot exceed anything valuing more than $50.00 so a $100.00 reduction of rent off to the referring resident, a $100.00 gift certificate to a local restaurant or anything that exceeds $50.00 in value is clearly prohibited. Examples the law gives include a "fee paid, credit towards rent, or some other thing of value provided to a person for introducing or arranging an introduction between parties to a transaction involving the rental or lease of an apartment unit". The penalty for paying a referral fee in excess of $50.00 is severe, and the person making the payment could be charged with a third degree felony, and the person or corporation making the payments fined up to $5000.00 per occurrence.
    Source Above: Evict.com

    The 2008 Florida Statutes
    475.011 (13) Any property management firm or any owner of an apartment complex for the act of paying a finder's fee or referral fee to an unlicensed person who is a tenant in such apartment complex provided the value of the fee does not exceed $50 per transaction. Nothing in this subsection authorizes an unlicensed person to advertise or otherwise promote the person's services in procuring or assisting in procuring prospective lessees or tenants of apartment units. For purposes of this subsection, "finder's fee" or "referral fee" means a fee paid, credit towards rent, or some other thing of value provided to a person for introducing or arranging an introduction between parties to a transaction involving the rental or lease of an apartment unit. It is a violation of s. 475.25(1)(h) and punishable under s. 475.42 for a property management firm or any owner of an apartment complex to pay a finder's fee or a referral fee to an unlicensed person unless expressly authorized by this subsection.

    475.42 Violations and penalties.-- (2) PENALTIES.--Any person who violates any of the provisions of subsection (1) is guilty of a misdemeanor of the second degree, punishable as provided in s. 775.082 or s. 775.083, or, if a corporation, it is guilty of a misdemeanor of the second degree, punishable as provided in s. 775.083, except when a different punishment is prescribed by this chapter. Nothing in this chapter shall prohibit the prosecution under any other criminal statute of this state of any person for an act or conduct prohibited by this section; however, in such cases, the state may prosecute under this section or under such other statute, or may charge both offenses in one prosecution, but the sentence imposed shall not be a greater fine or longer sentence than that prescribed for the offense which carries the more severe penalties.
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    • Profile picture of the author nrg2011
      LOOKING FOR A WEB MARKETING PARTNER....

      I am looking to partner with an experienced Web Marketing partner. After posting on this site a few weeks ago, I was contacted by a group, and after a few discussions we decided to move forward. Agreements were made, contracts were created, and we were in the process of creating corporations to properly handle the business. Unfortunately, due to unforseen circumstances, the group I partnered with was unable to do their part, as an investor back out on their business, and they had to regroup.

      I've already contacted numerous apartments nationwide, and have agreements with HUNDREDS of apartments nationwide ready to accept referrals from us. I also have agreements worked out with realtors in various states to ensure states that we play by the rules in states requiring realtors.

      We are an inbound/outbound call center, and our strengths lay in making/taking calls, and processing orders.

      What we are looking for is someone to target folks looking for apartments and driving that traffic to our inbound agents. If this is something you can do, please private message me on here. I am new to this board, and do not have enough posts to respond to emails, so please include an email address and/or contact info, and I will respond promptly.

      Good luck everyone with your marketing efforts. I look forward to working with competent marketing partners.
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  • Profile picture of the author MrSDPromo
    I'm a licensed realtor in California if someone who is experienced with no funny business practices wants to JV on this. PM me

    Jake
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    Jake Widmer
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  • Profile picture of the author SuzyBlack
    Thanks for the share
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    • Profile picture of the author Vikuna2009+
      Originally Posted by Alipatinho View Post

      thinking outside the box! you are a genius
      Who?!?:confused: The OP:confused: Another contributor:confused: Me:p?

      Anyhow, I would appreciate if anyone could answer my Wordpress question just above, thanks again, Eva
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  • Profile picture of the author AcidH4X
    i need same solution guys..pls reply the answer.
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  • Profile picture of the author Aptana
    Great method. I need to give this a try when I get time.
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  • Profile picture of the author caloyski
    A very cool and interesting way to make money. thanks!
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    • Profile picture of the author nickvs13901974
      I'm getting my license in a month and I look forward to trying this. You need a license in Maryland to do this kind of thing.
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  • Profile picture of the author iInvent
    Find Rentals - Rental Advertising

    This could be the way to go...
    Signature

    Thanks for reading!

    Chantal
    "Before you try to satisfy the client, understand and satisfy the person."

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  • Profile picture of the author bobmcalister
    well...i dont want to get into a Hissing contest, yet do want to suggest that a 'marketing' fee per rental is perfectly acceptable since it is 'advertising' and falls into a different category. agreements should reflect that relationship, in my experience . great thread btw !!
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    free facebook ad trials . proof before payment

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    • Profile picture of the author RRG
      deleted double post
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    • Profile picture of the author RRG
      Originally Posted by bobmcalister View Post

      well...i dont want to get into a Hissing contest, yet do want to suggest that a 'marketing' fee per rental is perfectly acceptable since it is 'advertising' and falls into a different category. agreements should reflect that relationship, in my experience . great thread btw !!
      Sure, you can charge a marketing fee, as long as it's not tied to a successful close. If it it, it's a kickback and likely not legal in any U.S. state.

      Not saying it should be illegal, just that it is.
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  • Profile picture of the author brainmadder
    North Carolina sucks badly tried this method out but everyone I talk to refers to the Real Estate commission not allowing you to do this
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  • Profile picture of the author bporeo
    Wondering how the OP is doing a year later? Still working this method arrevez?
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  • Profile picture of the author sniger
    Thanks for sharing man. What profits!
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  • Profile picture of the author Bruce Wedding
    This is absolutely against the law in Texas and probably most US states unless you're a licensed real estate agent.
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  • Profile picture of the author mini555
    Absolutely "Great Post"!! Thank you for sharing... Terry
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  • Profile picture of the author Rocket Media
    I'd love to see some pictures of your checks and some real proof for some of our warriors that need motivation
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    • Profile picture of the author npk
      anyone making calls on this?

      just made some dials, and i can tell you you DON"T want to call the big complexes. they have property managers already, and "don't want to lose their job". Direct quote, yes.

      smaller real estate owners? this thread still alive?
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      • Profile picture of the author gmil88
        Originally Posted by npk View Post

        anyone making calls on this?

        just made some dials, and i can tell you you DON"T want to call the big complexes. they have property managers already, and "don't want to lose their job". Direct quote, yes.

        smaller real estate owners? this thread still alive?
        OP must be too busy signing up tenants for his apartment complex clients.

        All I have to say about this is that everyone NEEDS to be very careful and do your homework before you venture out into doing this. It's not anywhere as easy or legal as the OP makes it out to be. There are a lot of things that need to be considered.

        OP states he's doing 5-7k a month with this, my question to him is how he manages to do that when he is apparently using 20 other different methods that all make 5-7k which his WSO's are all based on.

        This guy has a new method he's making a ton of money with every single week, I know because I'm on his list. It's actually pretty humorous to see.

        Don't believe everything you see guys. Come on!!!!
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