Monday, November 23, 2015

Who's on your investment team?

Would you pick a Realtor who also Designs and Builds to be on your investment team?

In today's market your investment team is everything. The role of Realtor is vastly changing, the game is faster and more complex. Beyond the numbers strategy and sales commission, investments require a deeper level of sophistication and understanding of after acquisition requirements. If not fully understood these requirements can slow down investment timeline and increase the time of turnover.  As the owner investor, your team is vital to the investments success and your Realtor should be the quarterback, should have full knowledge of your game plan and should be able to drive your investment to the win column.

Winning is the role of your Realtor quarterback. A Realtor with a beyond commission sales knowledge base of design, permits, OSHA standards, contractor contract administration, construction methods, building codes and inspections can lead your team to success. With the right Realtor quarterback your investment can be driven to lease up or resale with little to no delays. Having a leader on your team with these attributes and experiences can minimize anxiety, fear and doubt when investing.

Here are 10 questions that can help you evaluate your team:

Does your team reduce cost?
Does your team need your constant input?
Are you tied up with minor tasks to get the investment moving?
Is your team well versed on industry changes effecting build out?
Does your team have skilled leadership?
Are you constantly looking for new team members?
Do you heavily rely on a contractor for investment coordination?
Are your investments typically on time and within budget?
Are you guessing or hoping things will work out?
Do you have a quarterback?

If you answered NO to 3 or more of these questions, you should probably reevaluate your team.
To see what a team leader looks like visit this link : TEAM BUILDER.



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