5 Ways to be a Successful San Fernando Valley Investor
There’s no one way to invest in San Fernando Valley real estate, but there are a few ways that all investors find success. If you’re new to the market, don’t be intimidated. Check out these five ways to be a successful San Fernando Valley investor.
Be Excited and Enthusiastic
If you love what you do, it’ll never feel like work. Some people get into real estate without thinking about what they really like. Maybe they’re renting properties, but they’d rather be flipping houses or they want to break into a better market. Whatever the issue, go after what makes you excited and enthusiastic about the market.
Having a positive attitude wouldn’t hurt either. Buyers and sellers who like working with you are usually more willing to negotiate a better deal. Be positive and uplifting when working with clients, sellers, real estate agents and contractors. Your attitude will matter more than the sale.
Be Honest
No one wants to work with a liar. Some San Fernando Valley investors cut corners and try to find problems with properties, but sellers and buyers will almost always find out. If you’re honest and upfront with the people you work with, then chances are they will want to work with you again.
Never try to lie if you don’t know something. It’s okay to admit you’re unsure about a number or whether or not an offer is any good. You shouldn’t feel like you have to know everything about the market, so always be willing to learn more.
Keep Working Hard
Most of the time, great deals won’t just fall into your lap. You need to take a proactive, hard-working approach. That means going on inspections, putting great online listings together and doing market research to keep up with any changes and challenges.
Lazy San Fernando Valley investors will never earn their full potential because they don’t go the extra mile for the work. Though it may seem tough at times, it’ll be up to you to visit all of these properties and keep yourself going. Don’t fall into real estate apathy. Keep up with the trends and you’ll always feel like you’re giving yourself a good deal.
Be Respectful
There’s a lot of pressure to be a real estate shark in this business, but people who don’t treat others with respect rarely get anywhere in real estate. There are so many people to work with, and if you have a bad reputation for being rude, then few people are going to want to work with you.
No matter who you speak with – an agent, property management company or general contractor – be respectful of their time. They too have places to be, and if you’re late or being short with them, then you’re wasting their time. Negative reputations are hard to shake, so come to each meeting with positivity and respect.
Be Available
There’s nothing worse than calling a San Fernando Valley investor and reaching his or her voicemail time after time. If you’re not answering your phone or returning emails, then you’re going to have a hard time working with other people.
There’s really no excuse for not returning calls or emails, even if you have bad news. In this industry, be upfront and deliver the news right away. If your phone rings, answer it every time. People will be more inclined to work with someone who they can reach regularly. It also shows that you don’t think of yourself as too big to deal with the little people.
To become a successful San Fernando Valley investor be respectful and thoughtful in your investments, clearly communicate and be available. With these qualities in hand, you’re sure to have plenty of people who want to work with you.