If you are a landlord, having a real estate license is a powerful tool for improving your revenue and reducing your expenses. Plus, it can help make you a better landlord to improve the satisfaction of your tenants while reducing the hassle of rental properties.
When you buy a new rental property, money is set aside for the buyer’s agent. Being able to act as your own agent means that you can pocket that money to make a little extra cash at the sale.
On the other hand, not having to pay a buyer’s agent can make your offer more competitive if you’re trying to buy an in-demand property. You can waive the buyer’s agent fee to put more money in the seller’s pocket, making your offer more appealing.
If your rental properties aren’t quite sustaining you in the lifestyle you desire, being a real estate agent is an ideal way to make a little extra money. As a real estate agent, you can pick up work as you need it, work part days, and still be free to respond to your tenants’ needs.
Since MLS listings have to meet certain criteria, buying these properties will protect you from the risks of other properties you might find.
You know how much of your business comes by word of mouth. Well, the more mouths you can get words from, the more business opportunities you will encounter. Being a real estate agent will give you access to exclusive events only open to real estate professionals.
Losing tenants can be disappointing. Now you have to prepare the apartment or house and fill the vacancy. However, if you get wind that your tenants are moving out to buy, you can refer them to an agent you know. The referral fee can remove the sting of losing a tenant.
Property law is complicated, and anything you don’t know can hurt you plenty. It’s a good idea to understand as much property law as possible, and getting your real estate license will teach you a lot. While not all of it will touch your rental business, enough will to make it worth your while.
Real estate agents get great deals from vendors and contractors. This is in part because real estate agents network and refer business. When you’re part of the network, you can get references for vendors and contractors who do good work in a timely manner for a reasonable price. Finding a great plumber, electrician, and more can help you serve your tenants better while paying less for maintenance.
Talk to your tax accountant about the situations where you could take advantage of it, since it may mean representing real estate clients and participating directly in your rental property management, which you might not want to do.
Do these benefits of having your real estate license appeal to you? If so, then let Colorado Real Estate School help you take advantage of them by earning your real estate license.
We offer an Experts on Demand Approach to real estate licensing. Our fully online real estate courses are available to you 24/7, so you can fit them into your schedule as it makes sense. Are you in a hurry to get your real estate license? With the Colorado Real Estate School, you can get your real estate license in as short as four weeks. Want or need to take a casual approach that spreads out the work? Take several months to complete the course. It’s completely up to you.
All our courses are developed and taught by local, licensed real estate professionals who will ensure you receive the most accurate information regarding the latest trends impacting the Colorado real estate market. In addition, you’ll have access to our exclusive VideoConnect Success Learning System™ containing the largest library of video content available. These video lessons create an engaging and authentic virtual classroom environment from the comfort of your own home.
When you take advantage of our outstanding exam prep courses, you’ll have all the tools you need to pass the real estate exam. We also offer our TruSupport Pass Guarantee™ to provide the additional support you need in the event that you don’t pass your exam on the first try. Our instructors will work with you to analyze your test results and develop a customized study plan focused on the areas where you struggled on the exam, increasing your chances of a successful outcome on your retake.
Contact us today to learn more about our online real estate courses.
