Eddie Edwards, Rental Housing Expert, Nutritional Team Builder (The Rental Housing Centers)

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Rainmaker
4,270,299
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I don't pursue renters but they "find" me and depending on circumstances/situations I "work" the lease market.  More for landlords versus tenants though.   

The percentage of renters who I have worked with who have become "owners" is relatively small but I can cite a couple of examples who became repeat clients.  

It's always about asking questions...and careful listening.  While not a signifcant part of my business, I find there are some valid reasons for me to carefully consider representing leases as part of my business.    

 

Aug 07, 2017 09:48 PM
Ambassador
4,569,723
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Because my boys (native Charlotteans) are millennials, I get a lot of their friends and my friends'/clients' adult children who have been renting since they graduated college and started their first jobs. They comprise about 10% of my business and I absolutely love working with them!

As for people I have put in rentals - I refer them to a friend who is a property manager if their dream home isn't available when they are ready to buy. He puts them in a rental and we continue our home search until they find something. They probably make up another 10% of my business. 

Aug 07, 2017 08:07 PM
Rainmaker
1,708,245
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

You got to live someplace.

Aug 07, 2017 07:04 PM
Rainmaker
1,709,324
Mike Cooper, Broker VA,WV, MD
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Not a lot, but I have had renters end up buying through my company. Small group though.

Aug 07, 2017 06:04 PM
Rainmaker
4,400,142
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

A very small percentage as most of my clients are repeat customers and we are moving up to a larger home or down to a smaller one.

Aug 07, 2017 07:20 PM
Ambassador
3,987,010
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

It is a very small percent since I only do my rentals and rarely show others companies. Maybe 5% of my total sales.

Aug 07, 2017 07:15 PM
Ambassador
5,763,174
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I was just talking to one of my tenants tonight about looking at homes in the near future, and have another couple of renters who will be looking in about a year.

 

Aug 07, 2017 06:27 PM
Rainmaker
4,579,553
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Must say it is a small percentage.

Aug 07, 2017 06:19 PM
Rainmaker
1,768,106
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

Zero & it's been many years. That old addage 'they will eventually buy' is so old & crusty. Many cannot or do not want to buy & I can respect that if they tell me that.

Even tenants don't use the agent they rented with for finding another rental.

Aug 08, 2017 05:17 AM
Rainmaker
1,361,634
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Roughly 40% of my buyers were renting when I met/meet them. 60% is move up, downsize, second home and investing.

Aug 08, 2017 05:04 AM
Rainmaker
2,054,999
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I found it difficult to convert many renters, as our Property Mngmt was very Pro-Landlord !

Aug 08, 2017 04:05 AM
Rainmaker
4,505,345
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I don't work with renters so that percentage is virtually nil. There is always some portion of my business where first time buyers who've been renting buy a home from me. The percentage can vary from year to year.

Aug 08, 2017 03:35 AM
Rainmaker
1,027,535
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

When I first started out in real estate, I worked with many renters, many of whom eventually became buyers and then years later, sellers.  Full disclosure: that was in 2004/2005, when the market was insanely  hot and everyone was jumping in, but renters did get my career off to a huge start. And many renters referred buyers and sellers to me, as well. 

Aug 08, 2017 03:25 AM
Rainmaker
1,559,628
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Honestly, not many. Usually I I helped renting to students, people with bad credit after a short sale, or those who just sold their property and decided to rent for a few years. ( for full disclosure I do not market my service to renters, those clients only referrals or repeat clients, and usually I represent a landlord). 

Aug 08, 2017 12:06 AM
Rainer
320,229
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

Not many for me personally. I do have friends that work leases and will continue to market to the renters. The agents are there 1st on the renters mind when they are ready. 

Aug 07, 2017 08:46 PM
Ambassador
4,747,508
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

10 - 15% of my business is typically first time buyers, and generally they are renters before buying.

Aug 07, 2017 08:21 PM
Rainmaker
1,185,039
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

About 20% of high tech technocrats currently renting are looking to buy. I am willing to work with them if they have at least 20-25% downpayment. Many are non-sense die hard must have to have a home in their twenties. In our area SFH median price is $1,200,000 and town homes are $750,000.00 not in the best area.  Many of the renters from out of the area have a home or two from their state. They come here to rent in better school districts. No tenants will want to work with property managers or landlords wanting to buy a home. They do it discreetly. Shh....

Aug 07, 2017 07:00 PM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

If you mean they were renting when they bought I would sy 10-15%

Aug 07, 2017 06:17 PM
Rainmaker
538,994
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

60%

Aug 07, 2017 06:17 PM
Ambassador
2,609,568
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Recent former renters:  grad student who had rented for many years; his parents gifted him some $$$ to buy his first house.

  Recent landlords:  I did a Starker Exchange for a friend who sold several townhouses, then bought a vacation house with the proceeds.  Also, the house I listed today has been rented for the past 5 years... that owner may also do a 1031 with the money.

Aug 07, 2017 05:55 PM
Rainmaker
4,346,581
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I do not do rentals but I marketing to Apartment complexs.

Aug 12, 2017 04:02 PM
Rainer
19,797
Eddie Edwards
The Rental Housing Centers - McLean, VA
Rental Housing Expert, Nutritional Team Builder

Had a renter call me today looking for someone in CA to help. $10,000 per month. Don;t have anyone will to take them. I find that amazing quite honestly. Someone will help them or maybe they will do it on their own and again we are distancing the public away from Realtor services.

Aug 10, 2017 02:55 PM
Rainmaker
5,338,220
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

REALTORS in Denver mostly do not participate in the rental market.  Have had many renters call me off my web site to start their purchase search.

Aug 10, 2017 07:20 AM
Rainmaker
1,431,851
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I have one rental where two of the tenants bought.  One was with me.  I don't track what a buyer's living situation is, just what they buy.

Aug 08, 2017 05:02 PM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Not many tenants have bought from me.

Aug 08, 2017 02:10 PM
Rainmaker
946,423
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I don't rent so 0%

Aug 08, 2017 09:30 AM
Rainmaker
5,580,934
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

that rarely happens to us.... most of our properties are not first time home buyer price range inventory.... I don't market to first time home buyers....

Aug 08, 2017 08:16 AM
Rainmaker
1,673,215
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

Good question for buyer's agents. 

Aug 08, 2017 07:27 AM
Rainmaker
598,824
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

I'm a property manager with nearly 300 units so the majority of my business comes from existing tenants or Landlords. Probably 80% or better.

Aug 08, 2017 06:54 AM
Rainmaker
3,071,034
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Zero percent.

Aug 08, 2017 06:40 AM
Rainmaker
5,768,176
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

As we said before, unless the renters are renting a high end home, they are not likely to become a buyer.  It just does not work that way on a frequent basis.  Some renters who are renting a high end home do not necessarily want to buy either.  This strategy does not generate enough to be vigorously pursued.  A

Aug 08, 2017 06:34 AM
Rainmaker
3,386,578
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I got out of the rental business so few if any rentals become sales. However over a 1/3 of my business have bought or sold from me before

Aug 08, 2017 06:09 AM
Rainmaker
4,799,732
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

None, since I don't do rentals. 

Aug 08, 2017 05:37 AM
Rainmaker
1,386,785
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Most of our business is working with sellers, not buyers, but probably 50% of our buyers are first timeres that have rented before.

Aug 08, 2017 04:05 AM
Ambassador
4,316,415
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Eddie Edwards - I'd say '0'.! Rentals are only for my exclusive clients who have worked with me in past.

Aug 07, 2017 09:37 PM
Rainmaker
7,052,123
Roy Kelley
Retired - Gaithersburg, MD

When I handled local rentals, floor duty agents loved to take the calls to convert them to purchasers.

Aug 07, 2017 05:55 PM