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How Real Estate Agents Can Generate More Leads

How Real Estate Agents Can Generate More LeadsHow Real Estate Agents Can Generate More Leads

Summary

Lead gen is job one for most real estate agents, and the first step in building the real estate business of your dreams. But how can real estate agents generate more leads? Through providing exemplary service to renters. After all, the renters on your roster are really pre-buyers, and offering them great service now could make you their real estate agent for life. Find out how to better serve renters in your market and make the connections that can set you up for future success.

Generating leads is a crucial part of being a real estate agent. It’s pretty hard to sell a house to someone that isn’t looking to buy.From passing out flyers to buying ad space on a bus bench, realtors have been known to go to great lengths to get their name out there. However, you don’t need to overcomplicate things. Some leads can be generated simply with the help of an online rental application and instant screening report.For those looking for easier, cheaper ways in which to create leads, here are a few effective tips.

Tip No. 1: Represent Rental Properties

online rental application

Before you turn away in disgust, hear us out. With the rising prominence of online rental applications and instant screening reports, rentals have become much easier to represent.

Additionally, while it might not be the best way to generate income, representing a rental can give you access to future leads. If you please a customer when settling them into a rental, they will more than likely go to you when they move out and look to buy. As the saying goes, today’s renters are tomorrow’s buyers.

While this may not happen immediately, representing first-time buyers can have a lasting impact and it can be the start of a long-term relationship with a client. Creating relationships like this is important if you are plan to be an agent for the long haul.

In addition, if you become familiar with a certain complex, you can hold promotional events there. Apartment complexes are lead goldmines, with most tenants being temporary.Getting to know apartment complex application coordinators is a great way to initiate the relationship.

Tip No. 2: Create Relationships With Landlords/Property Management Groups

screening reports

In addition to apartment complexes, relationships with landlords and property management groups are another great source for future first-time buyers. Because of the temporary nature of rental properties, landlords often deal with their tenants moving out to become buyers.

If you refer good renters to these landlords using an online rental application, they may return the favor by referring their ex-tenants to you when they are moving out.

However, it is important that you give them good tenants. In order to do so, you should have a rigorous screening report that has comprehensive information about your tenants’ financial and criminal history. Once you have a good reputation as someone who provides good renters, you can establish relationships with multiple landlords and property management groups, eliminating the need for any other lead sources. However, just like tip Number One, this is a more long-term focused tip.

Tip No. 3: Cherish the Leads From Your Broker

online rental application

If you want a more short-term lead solution, you don’t have to look any further than your broker. Most brokerages have a list of leads they distribute among their agents.

However, it is important that you don’t slack on these leads because they will be reluctant to give you future leads if your track record suggests you’ve had a hard time closing in the past. The best leads go to the best agents. With that in mind, you should cherish the leads you receive and take them very seriously.

In conclusion, the best way to generate steady leads (especially when starting out) is to not shy away from rental properties. Apart from putting money in your pocket quickly, the rental process is now easier than ever with the advent of online rental applications and screening reports.

Cap Rate Calculator

rentspree illustration of calculator

How to use

Enter information in the boxes below to calculate the comparative value of a piece of property in order to determine if it would be a good investment for you.

Property Value

Current market price or listed value
$

Yearly earnings

Anything you make a profit from that has to do with the property
$
$
$
Total A:

$

0.00

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Yearly Expenses

Anything you make a profit from that has to do with the property
$
$
$
$
$
$
Total B:

$

0.00

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Cap rate

0.00

%

Cap rate

$
$

0.00%

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Commission Calculator

How to use

Enter information in the boxes below to calculate the comparative value of a piece of property in order to determine if it would be a good investment for you.

Property Price

$

Commission Percentage

%
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Total Commission

$

0.00

Commission for Each Agent

$

0.00

Total Amount Seller Receives

$

0.00

Rent to Income Ratio Calculator

How to use

Enter information in the boxes below to calculate the comparative value of a piece of property in order to determine if it would be a good investment for you.

Rent-to-Income Ratio Calculator

$
$
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Rent-to-Income Ratio:

0

%

Move-in Move-out Calculators

Move-In Calculator

$
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1st Month's Prorated Rent:

$

0.00

Additional Move-In Costs (optional)

$
$
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Total Move-In Cost:

$

0.00

Move-out Calculator

$
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Move-Out Prorated Rent:

$

0.00

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