In Focus: How Can Family Lawyers Benefit From a Partnership with Simply Residential?

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Our family law partners get to experience a rare benefit that many overlook when dealing with divorce and other contractual negotiations — when your client has a real estate asset that neither party wants, or one that is undervalued, the services of a property management company can make a bad situation much better. Your client will actually be able to profit from that decision, and will give you the strategic upper hand when it comes to dividing up assets.

Not sure if this kind of partnership is right for you? Ask yourself the following:

  • Do you want to improve your strategic negotiating position?
  • Is your client’s mortgage underwater?
  • Does your client have a residential property that’s undervalued?
  • Does neither side of the negotiation want to keep a residential property?
  • Do you have a personal relationship with a property management company that benefits you and your clients?

If you answered yes to any of these questions, but no to the last question, you may be missing opportunities to help your client experience the maximum return on their real estate assets, while building a trusted referral network for yourself.
The kinds of situations that call for legal consult aren’t always the most pleasant for your clients. In addition to improving your negotiation position, hiring a property manager for your client can also give them a nice ‘cooling off’ period before they make any hasty decisions regarding their property. This is especially helpful when one party is awarded the house but cannot afford or doesn’t want to pay the mortgage payments. Property management companies can peel back that extra layer of financial stress.

As the busy season approaches for family lawyers, our partners would agree that now is the time to make sure all of your negotiation strategies and tactics are sharpened and tightened up. We’re more than happy to help you make that happen!

Are you ready to see how you can benefit from a partnership with Simply Residential? We’re here to help, so contact us today!

If you want to learn more about partnering with Simply Residential, visit our partner page or contact me at 952-831-5300 or via email at partner@simplyres.com!

In Focus: How Can Finance Professionals Benefit From a Partnership with Simply Residential?

Finance Professionals Property Management Partnership Blog ImageOne little known fact about the property management industry is that we work very well with finance professionals. It’s a natural partnership. Often, your clients will have investment properties they need managed, and we’re happy to help. Alternatively, there are various benefits our financial partners experience through our working relationship.
Before we get into those benefits, take a second to consider the following:

  • Does your client have one or more investment properties?
  • Are they realizing their full ROI?
  • Are your clients self-managing one or more rental properites?
  • Do you want referrals from a company you trust?
  • Do you have a personal relationship with a property management company that benefits you and your clients?

If you answered yes to any of these questions, but no to the last question, you may be missing opportunities to help your clients experience the maximum return on their real estate investments, while building a trusted referral network for yourself.

There are many areas to consider when advising your clients to use a property management company. One of the most overlooked areas is tax preparation. How many times have you had to track down bits and pieces of information to accurately track your client’s income from their rental property? We make that part simple for our finance partners by providing comprehensive and complete year-end tax information to all of our clients. We also make ourselves available to answer any questions that may come up during or after the tax process. We keep detailed records so we’re ready for anything.

Another key benefit for our financial partners is an additional service we like to provide for our clients. If one of our owners has a property that isn’t cash flowing, we refer them to a financial advisor we trust to help them refinance and make the most out of their investment. Those referrals often turn into much more than refinancing, as the guidance of our trusted partners remains crucial to our clients.

Are you ready to see how you can benefit from a partnership with Simply Residential? We’re here to help, so contact us today!

If you want to learn more about partnering with Simply Residential, visit our partner page or contact me at 952-715-6186 or via email at  amanda@simplyres.com!

In Focus: How Can Realtors Benefit From a Partnership with Simply Residential?

realtors partner with simply residential property management

Last month, we listed the basic benefits that several professionals in the real estate industry can experience from a partnership with Simply Residential Property Management. In the next few months we’ll be discussing those benefits in detail within our print magazine and online as well. First and foremost, we wanted to be sure to address our current and potential realtor partners.

How can you benefit from a relationship with Simply Residential? Before we get into that, take a second to consider the following:

  • Have you ever had an overpriced listing?
  • Have you ever lost a listing?
  • Have you ever sold a property as an investment?
  • Do you have clients that kept a starter property as a rental?
  • Do you have a personal relationship with a property management company that benefits you and your clients?

If you answered yes to these questions, but no to the last question, you may be missing opportunities to make a profit for your clients and yourself! With winter approaching, the real estate industry is preparing to slow down. That decrease in sales can mean a significant opportunity for your clients.

Instead of letting their property sit on the market waiting for the right person to come along, consider renting it out. Even if it’s just for one year, that’s 12 months of rent collected in place of letting it sit vacant.

When the time does come to sell the property, we turn that listing back over to the realtor who gave us the referral. Our partners retain their listings, and since we don’t engage in buy/sell there’s no competition. We don’t want to take the listing from you, we simply want to help your client manage their property until they are ready or able to sell.

Buying a property is one of the largest financial and emotional investments that a person makes in their lifetime. During that process, we want your clients to understand and be able to take advantage of every opportunity available to them and we know you want that for them too.

Additionally, for each new owner you refer to us, we’ll give you a referral bonus once the management agreement is signed and we have a tenant placed in the property!

If you want to learn more about partnering with Simply Residential, visit our partner page or email us today!

[Photo Credit: Bunches and Bits {Karina} via Flickr]

Why Should You Partner With Simply Residential?

The real estate industry touches many different professions. To buy a home, a buyer often needs financing and insurance, along with a realtor to help them with the big decision they’re making. Historically, home buyers have had to track down these services independently. At Simply Residential, we’re changing the game.

We strive to provide everything our clients will need to transition from owning their home, to renting it out, to eventually selling it. To do that, we need a large network of partners who can help our clients, and experience added benefits along the way. Here are some of the benefits that we can provide to our partners.

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Want to learn more? Visit our partner page, or email us today!