The Visio Blog | Visio Lending

3 Key Partners for Real Estate Investors & How to Find Them

Written by Hannah Lapin | Sep 20, 2019 2:00:00 PM

Professional real estate investors, particularly those focusing on the burgeoning market of midterm rental properties, understand that having solid partners in the industry is crucial for sustained success. As your portfolio diversifies to include properties suited for tenants seeking accommodation for several months, the right support network becomes even more vital. Key partners such as a knowledgeable mortgage broker, a well-connected realtor, and an experienced property manager who understands the nuances of midterm rentals can significantly enhance your operational efficiency and profitability. For these critical partnerships, starting with referrals is ideal, followed by thorough vetting to ensure alignment with your specific needs in the midterm rental market. Here are some additional tips on how to find partners you can trust to support your investment in this specific sector.

Brokers

Where to Look

  • Network at Real Estate Investor Association Meetings
  • Check the Better Business Bureau (BBB)
  • Look at the National Association of Mortgage Brokers for a member
  • Conduct a Google Search

What to Check

  • Credentials
  • State Licensing
  • Reviews

See our other tips about how to find a great broker.

Realtors

Where to Look

  • Check the National Association of Realtors (NAR)
  • Look at online listings
  • Attend open houses in your neighborhood

What to Check

  • Credentials
    • Make sure that realtor is properly licensed in your state
    • Also look for the credentials CRS (Certified Residential Specialist) and ABR (Accredited Buyer’s Representative)
  • Current Listings

See other tips for finding a realtor.

Property Managers

Where to Look

  • Check out All Property Management
  • Browse ManageMyProperty.com

What to Check

  • Credentials
    • Check your state’s requirements on the U.S. Department of Housing & Urban Development (HUD)
    • Look for Certified Property Managers (CPM) and Residential Management Professionals (RPM)
  • Accreditation with the Better Business Bureau

Learn more about how to choose a property management company.

Don't forget to interview a handful of options for each, so you can feel confident in your decisions of who to hire. For more tips for real estate investing, check out our Resources Page.

Related: 5 Types of Businesses Landlords Should Partner With, 4 Common Contractor Scams to Look Out For