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Should You Start Working With Rentals? 

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#realestate #realtor #realestateagent #realestateinvestor #realestateinvesting #realtorlife #realestatesales #business #businessowner #salestips #sales Chastin J. Miles is a licensed Texas Real Estate Agent with REAL Broker, LLC
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24 апр 2019

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Комментарии : 140   
@everythingbyjohn
@everythingbyjohn 5 лет назад
Hell yea. Here in NYC That's how I got started. I never did residential sales. I went from killing it rentals, to doing bad lol. I made 20k in rentals my 1st 3 months, then it just became A DESERT FOR ME. NO MONEY FOR 11 MONTHS!! Then I went to commercial leasing. My first office lease, I was paid 11k, half on lease signing, and around 1100 every month for 3 months. My second deal I was paid 27k AT LEASE SIGNING, AND THE DEAL TOOK 3 WEEKS. But like I said, as a agent things were too inconsistent for me. But THAT'S ME. You? Anybody watching this? YOU CAN KILL IT IN ANYTHING! DON'T LET ANYONE OR ANYTHING DISCOURAGE YOU! BUT REMEMBER, TRAINING IS KEY! SHOUT OUT TO CHASTIN. You need ppl like that, that will streamline your success as an agent. I didn't have that coming in. I was 23 when I started 2 years ago, and winged it and made money right away, which is hard and rare here in nyc. But it's all good everything is a process and a learning experience.
@rotcataergeht
@rotcataergeht 4 года назад
Do you pay your broker commission for rentals too?
@dimitruscherry
@dimitruscherry 4 года назад
Do u need a real estate license to help landlords find tenants ? I’m really good at marketing. Thinking about trying this out .
@TiaraMurray
@TiaraMurray 4 года назад
Wow, those numbers are amazing. I’m looking to get into commercial. How exactly did you make the transition?
@BrandanTheBroker
@BrandanTheBroker 5 лет назад
Most agents won't do rentals because they say renters come with "too much baggage" 🙄😒 look here, when most of who comes into Anchorage are military and rentals start at $875 and the apartment complexes are paying 120%, I'll do rentals all day long...
@quincy2192
@quincy2192 5 лет назад
I'm working on getting my license right now and I never knew this was an option. Its definitely going to be one of the first things I attempt once I get into the business.
@mckizzie-thomasrealtyteam
@mckizzie-thomasrealtyteam 5 лет назад
Yes, I just got into the business and have been working rentals. It’s definitely a great place to start.......
@ChastinJMiles
@ChastinJMiles 5 лет назад
Awesome! Glad to hear it's going well for you.
@jay-alldayy
@jay-alldayy 5 лет назад
Rental! Orange County, CA! This is exactly how I got started. I got a lease listing and have had an influx of renters looking for places all over the OC. Helping someone now who is moving from North Carolina! I closed one rental so far, about to close another one and found a renter who wants to buy. Rentals work! Like everything in real estate, FOLLOW UP FOLLOW UP AND FOLLOW UP! Did I mention follow up? 😆
@ChastinJMiles
@ChastinJMiles 5 лет назад
Love to see this! Congrats on your successes!
@jay-alldayy
@jay-alldayy 5 лет назад
Chastin J. Miles thank you! Same to you 😁
@blairbailey599
@blairbailey599 5 лет назад
Yes! It’s my first full month back in the biz. I’ve invoiced over $4k in rentals so far. (DFW area) Of course this is before commission splits, but it’s better than $0 the first month amen?
@ChastinJMiles
@ChastinJMiles 5 лет назад
NICE!!!!!
@rotcataergeht
@rotcataergeht 4 года назад
@@ChastinJMiles Do you pay your broker commission for rentals too?
@He_is_derione
@He_is_derione 4 года назад
How do you market to get renters?
@chriscarvalho1786
@chriscarvalho1786 5 лет назад
New Real Estate Agent in the Making here! I’ll be focusing on Rentals along with hosting as many open houses as possible as a way to start building my book of business. Like you said most Renters become Buyers! 😁👌
@virgojones2670
@virgojones2670 5 лет назад
I'm newly licensed in CT and NYS, I knew right away that rentals is the way to go .
@SoldbyKLove
@SoldbyKLove 5 лет назад
Rental. I’m newly licensed in Atlanta. This is worth considering to generate consistent cash flow.
@SonOfBeaufort
@SonOfBeaufort 5 лет назад
Do you think starting with rentals is an easier way to transition to doing real estate full-time even in residential, if you're coming from having a full-time job?
@SoldbyKLove
@SoldbyKLove 5 лет назад
I’m not sure which is the best direction to start, but I will have my first residential listing next week. I’m making calls to get others, but will consider rentals as another stream of income. I just got my license April 12th.
@kiajohnson1861
@kiajohnson1861 Год назад
@@SoldbyKLovehey I see this message is from four yrs ok. I just got licensed in GA. Can you tell me of any property management companies that work with Realtors?
@kiajohnson1861
@kiajohnson1861 Год назад
@@SoldbyKLoveI would truly appreciate any info
@83SupaNatural
@83SupaNatural 5 лет назад
I'm so excited about getting licensed. I'm taking anything that's going to get me paid and get me connections. Listening to you it sounds like I'm on the right page. With every video you make me glad I chose to get into real estate. Keep making these videos.
@KayJsWorld
@KayJsWorld 5 лет назад
Yes starting with rentals and I’ll definitely be taking your course. Just took my state and national for PA and currently waiting for my license to be issued. Love your content Chastain! Keep it coming!
@cameronmalachi8764
@cameronmalachi8764 5 лет назад
In Dallas myself, about to do rentals with a property management firm! 🤟🏽 Easy money!
@domc2815
@domc2815 5 лет назад
Appreciate your advice, I'm a full time employee and am looking to get into rentals. Been in the biz with my license for seven weeks.
@IHWKR
@IHWKR 5 лет назад
I think rentals would be a great place to start. I'm going to your website to learn more. Thank you Chastin!
@ChastinJMiles
@ChastinJMiles 5 лет назад
Let me know if you have any questions.
@ThatFlipKidxD
@ThatFlipKidxD 5 лет назад
So I have my Real Estate License and work for a brokerage.. how do I get started looking for rental clients?? Do I go to a Property Manager and basically advertise their rental properties? Also whats a example of a commission they give? Thanks Chastin!!!
@ChastinJMiles
@ChastinJMiles 5 лет назад
Here's a video I recorded on the process ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-jJmLdyZHRgo.html
@Thatsoutthebox
@Thatsoutthebox 5 лет назад
You hit it on the nose lol. I thought of this before from other videos you have. That's what's keeping me afloat in between buying and selling. Definitely a good way for new agents to start engaging clients and the rythum of contact.
@darryllongii9108
@darryllongii9108 5 лет назад
Yo!!! Where did you get that "hustle" picture from?!? That's my team name...I need one similar to that. Love your vids man...always been my favorite since I started 7 months ago
@ChastinJMiles
@ChastinJMiles 5 лет назад
stateofhustle.com/
@vatoalfred5721
@vatoalfred5721 4 года назад
I really enjoyed this video. Think I’ll be going rentals starting off
@austinlopeztherealtor
@austinlopeztherealtor 5 лет назад
Rentals aren’t a big money maker in my area, smaller market compared to Dallas, Chicago, NYC, Los Angeles and so on. Plus a specific real estate broker which I am not going to name is the largest landlord for apartments in my area so they aren’t so quick to offer up a decent % to a agent from another broker.
@kodyibarra3518
@kodyibarra3518 5 лет назад
Rentals are a great part of business! The money is in the numbers. I was going to ask what ever happen with the giveaway I don’t think I missed the video did I lol??
@trice33sceniclife
@trice33sceniclife 5 лет назад
I was wondering the same thing.
@ChastinJMiles
@ChastinJMiles 5 лет назад
Here's the drawing video ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-tLx9RLebfEs.html
@HeyItsDom7
@HeyItsDom7 5 лет назад
Apartments here is Austin TX pay great commissions!
@PatBatemanAtDorsia
@PatBatemanAtDorsia 5 лет назад
Rental, Juarez Mexico. They pay killer commissions here.
@ChastinJMiles
@ChastinJMiles 5 лет назад
Nice!
@razelcandy9536
@razelcandy9536 7 дней назад
Do you have a wriiten agreement for your commission before or after the transaction?
@legacywithoutlimits
@legacywithoutlimits 4 года назад
Thank you Chastin. This info is golden.
@zephaniahisrael8595
@zephaniahisrael8595 5 лет назад
Rental. I'm a new agent in Miami, FL and I figured I should do rentals cause I'm still in college so I'd be able to market rentals on campus. Anyone have experience with this route? How'd you do it?
@ChastinJMiles
@ChastinJMiles 5 лет назад
You will probably have great success with that. Honestly, as I wrote in my book, that's how I got my first apartment. From an agent who marketed on campus.
@zephaniahisrael8595
@zephaniahisrael8595 5 лет назад
@@ChastinJMiles Awesome. Good to know
@porschehamilton9717
@porschehamilton9717 5 лет назад
Love this. There's no such thing as rental commission in memphis. Relocating to Houston in 3 months so this will and better (lol) help me out when I get there
@SamanthaH
@SamanthaH 5 лет назад
When you do rentals, how does it go through the broker? Can you home rentals? Or just apartments?
@ChastinJMiles
@ChastinJMiles 5 лет назад
Yes you can do home rentals and apartments and it goes through the broker like a regular transaction.
@trice33sceniclife
@trice33sceniclife 5 лет назад
I plan to start with rentals once I get licensed. Good stuff
@trenahhumphrey-burks7058
@trenahhumphrey-burks7058 5 лет назад
trice33sceniclife Me too ! Studying for License Exam now
@trice33sceniclife
@trice33sceniclife 5 лет назад
@@trenahhumphrey-burks7058 what state are you in?
@trenahhumphrey-burks7058
@trenahhumphrey-burks7058 5 лет назад
Texas
@trice33sceniclife
@trice33sceniclife 5 лет назад
I'm in California. Waiting on my test date. Nervous and excited. Ready to learn then earn. I planned on hitting the ground with rentals and already have some buyers lined up once I am licensed.
@crystalrodriguez4600
@crystalrodriguez4600 5 лет назад
Rental. H-town here! Im enrolling in real estate school next month and have a million +1 questions
@ChastinJMiles
@ChastinJMiles 5 лет назад
Stay tuned in to my channel. I answer a lot on here.
@lauralizbeth5894
@lauralizbeth5894 5 лет назад
Would you suggest me first getting my license before getting your rental boss program? I currently work as a leasing agent for a property and I've just began my research and homework into becoming a locator
@ChastinJMiles
@ChastinJMiles 5 лет назад
Yes, you would want to have your license to be able to perform the actions but you're more than welcome to get it and start preparing though.
@lauralizbeth5894
@lauralizbeth5894 5 лет назад
@@ChastinJMiles thank you for the response! I literally just purchased rental boss a few hrs ago and will be taking the steps to get my license😀
@AlexDark2806
@AlexDark2806 5 лет назад
Hey Chastin great video. Where can we search for rental properties that pay commissions to agents?
@ChastinJMiles
@ChastinJMiles 5 лет назад
Theres a few different databases that are on the market for that. Also, you can search in your MLS for rental listings.
@BrianLayland
@BrianLayland 5 лет назад
My first deal was a fsbo. It's pretty much been that and some SOI ever since.
@wasabi622
@wasabi622 5 лет назад
Hey Chastin, do you ever work with or as a real estate investor? Buy and hold a couple properties for some reliable consistent income?
@marissamclaren4148
@marissamclaren4148 5 лет назад
I live in Memphis, which is a big rental market. How do I find these leases that pay a commission
@ChastinJMiles
@ChastinJMiles 5 лет назад
Check your MLS also theres a few national databases that have them in there.
@savedbyhisbloodamen345
@savedbyhisbloodamen345 3 года назад
@@ChastinJMiles I am interested in taking your rental course pls send me a link
@dimitruscherry
@dimitruscherry 4 года назад
Do u need a real estate license to help landlords find tenants ? I’m really good at marketing. Thinking about trying this out as a side income . I’m in the Charlotte market , a lot of good deals on rentals going on down here
@jefferyparks6463
@jefferyparks6463 5 лет назад
I live in the rental capital lol Atlanta
@VanessaDvavaoui
@VanessaDvavaoui 5 лет назад
I NEEDED this video!!
@He_is_derione
@He_is_derione 4 года назад
How do you market to find renters
@bimpedal3002
@bimpedal3002 4 года назад
Rental. How do I go about it? I am in Houston Tx
@TheKayleeanna
@TheKayleeanna 5 лет назад
Rental Tampa, Florida.
@VanessaDvavaoui
@VanessaDvavaoui 5 лет назад
How did you know which apartments to call? Did you have a limitation?
@ChastinJMiles
@ChastinJMiles 5 лет назад
There's databases we use.
@pspreciousluvsu
@pspreciousluvsu 5 лет назад
Rental!!!!!!!!!! I’m in college and am planning on getting my license this summer. I am really considering starting with rental because it is so hard to find rentals in Austin. I’m not sure tho. Lmk what you think.
@pspreciousluvsu
@pspreciousluvsu 5 лет назад
Notification gang💃🏾
@pspreciousluvsu
@pspreciousluvsu 5 лет назад
Realistically, how much can a person make on average from rentals
@ChastinJMiles
@ChastinJMiles 5 лет назад
It shouldn't be too hard to find a rental in Austin. Are you referring to all the rentals being taken or there's not a lot of places to rent?
@pspreciousluvsu
@pspreciousluvsu 5 лет назад
Chastin J. Miles well it’s hard for students that don’t know much about living in Austin and are looking for off campus housing online. I ended up paying too much for rent because I didn’t have a lot of information about how to find housing near UT. Now I know about a lot more apartments than I did coming into my freshman year. But I and a lot of other students definitely did struggle to find good prices.
@ChastinJMiles
@ChastinJMiles 5 лет назад
So it sounds like a major opportunity for you then, if you're an agent, to give that market what its been missing.
@carlreid9008
@carlreid9008 5 лет назад
How do you deal with renter with challenging credit and/or rental history?
@ChastinJMiles
@ChastinJMiles 5 лет назад
Just limit your search to communities or properties and will do 2nd chance leasing.
@xNonk
@xNonk 5 лет назад
Hey Chastin .. do you think it’s a good idea to do real estate In Louisiana?
@ChastinJMiles
@ChastinJMiles 5 лет назад
Why wouldn't it be? I'm not familiar with he market there though.
@xNonk
@xNonk 5 лет назад
Chastin J. Miles because everyone I talk to they tell me to go out of state, “no one wants to come down to Louisiana & live here”... that’s there main argument
@ericbalderas14
@ericbalderas14 5 лет назад
Can you do both? Or is the mls different?
@ChastinJMiles
@ChastinJMiles 5 лет назад
What do you mean both?
@ericbalderas14
@ericbalderas14 5 лет назад
Chastin J. Miles can we do leasing and sell residential under the same mls?
@ChastinJMiles
@ChastinJMiles 5 лет назад
Yep!
@jumekasimmons2299
@jumekasimmons2299 5 лет назад
Is there a form that we should have rental clients sign to assure that we will be paid for the referral?
@ChastinJMiles
@ChastinJMiles 5 лет назад
Buyer-Tenant Representation Agreement
@jumekasimmons2299
@jumekasimmons2299 5 лет назад
@@ChastinJMiles can you provide an example? My brokerage doesn't encourage rentals so they dont have any documents for me to use.
@ChastinJMiles
@ChastinJMiles 5 лет назад
Shoot me an email. cmiles@ichastinjmiles.com
@deannapickett4803
@deannapickett4803 5 лет назад
So it maybe where I live, but rentals are terrible to do in my opinion. It's a lot more work for a lot less money but it maybe where I live and the fact that I'm new in the business. I have experienced the most no shows (even with confirmed appointments) with rentals too. To me they are a pain in the butt unless you do high end rentals. But if you don't live in a high end market for rentals it's kind of annoying.
@ChastinJMiles
@ChastinJMiles 5 лет назад
Why are people standing you up? Whats your process like?
@deannapickett4803
@deannapickett4803 5 лет назад
@@ChastinJMiles so the first I had a no show was my fault because I only confirmed the showing one time by phone with the person. But I learned my lesson and realized that I should confirm the appointments quite a few times before heading over to the property. I did that only to have someone be a no show again AFTER saying yes to the appointment. For me it's a pain to do rentals but I haven't done high end rentals yet so maybe that will be better.
@ChastinJMiles
@ChastinJMiles 5 лет назад
I don't think it's a matter of high end vs low end, they probably ended up getting the info they needed before you all met. But you can definitely try to raise your price point if you think thats the problem.
@cindyamador1752
@cindyamador1752 5 лет назад
Rentals San Diego, CA
@dt_5677
@dt_5677 3 года назад
Rentals
@maryleesbabies
@maryleesbabies Год назад
Rental ❤
@ANeal360
@ANeal360 5 лет назад
I know there are plenty of Rentals to start with where I am in California.
@michelleammons7742
@michelleammons7742 5 лет назад
I am currently working on getting licensed And was wondering about California rental market. I have been discouraged from using this from realtor friends. Are you northern or southern?
@ANeal360
@ANeal360 5 лет назад
@@michelleammons7742That's great. I am in Northern California. North Oakland, California to be exact.
@bryan4052
@bryan4052 5 лет назад
rental
@nateprice9615
@nateprice9615 5 лет назад
Rental. Houston
@neiljohnson4389
@neiljohnson4389 5 лет назад
I've noticed an overall disdain in this industry regarding rentals. Why do you think that is?
@ChastinJMiles
@ChastinJMiles 5 лет назад
They don't make brokers much money.
@surecloserealtyandnotary
@surecloserealtyandnotary 5 лет назад
Rentals!
@jessicacarr7757
@jessicacarr7757 5 лет назад
Rental Houston
@KP_D2
@KP_D2 5 лет назад
rental!
@MissJacque87
@MissJacque87 5 лет назад
Rental NYC
@everythingbyjohn
@everythingbyjohn 5 лет назад
JacqueM ha nice. I'm in Brooklyn.
@marquitashoecraft4739
@marquitashoecraft4739 5 лет назад
#RENTAL
@trycep4217
@trycep4217 5 лет назад
Rental!?!?
@arunraju4964
@arunraju4964 3 года назад
Rental!
@freelancershogun
@freelancershogun 5 лет назад
Thank you for this, Chastin!
@arizonar.ej.ldavenport8431
@arizonar.ej.ldavenport8431 5 лет назад
Rentals in ARIZONA
@jamesmike9856
@jamesmike9856 5 лет назад
renter
@AlexiaGallucci
@AlexiaGallucci 11 месяцев назад
RENTAL
@MCHrealtor
@MCHrealtor Год назад
Rental
@lennydelgado923
@lennydelgado923 8 месяцев назад
Rental
@He_is_derione
@He_is_derione 4 года назад
Rental.
@realtorjodenny7848
@realtorjodenny7848 5 лет назад
Rental, feels like a pyramid scheme
@ChastinJMiles
@ChastinJMiles 5 лет назад
how?
@godwinopatisitati4090
@godwinopatisitati4090 10 дней назад
thank you very much, from Nairobi Kenya, @CostoProperties
@ChastinJMiles
@ChastinJMiles 9 дней назад
thank you for watching
@R0yalBeauty77
@R0yalBeauty77 5 лет назад
Rental!
@lindaherald1917
@lindaherald1917 3 года назад
Rental
@shaunelangston5019
@shaunelangston5019 5 лет назад
Rental.
@billywashington7960
@billywashington7960 4 года назад
Rental
@austinfulto1183
@austinfulto1183 5 лет назад
Rental
@marissamclaren4148
@marissamclaren4148 5 лет назад
Rental
@Joelleann1521
@Joelleann1521 5 лет назад
Rental
@briankay6842
@briankay6842 5 лет назад
Rental
@gmail9089
@gmail9089 5 лет назад
Rental
@bashbash
@bashbash 5 лет назад
Rental
@VanessaDvavaoui
@VanessaDvavaoui 5 лет назад
Rental
@Find_outvisuals
@Find_outvisuals 5 лет назад
Rental
@jamesmike9856
@jamesmike9856 5 лет назад
Rental
@HosspreyMTB
@HosspreyMTB 5 лет назад
Rental