Mistakes I Made In My First Year As A Real Estate Agent
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- čas přidán 7. 07. 2024
- Mistakes I Made As A Real Estate Agent.. Thanks to LG gram for sponsoring today's video. Shop the LG gram here: bit.ly/307coHC
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After 10 months of being a real estate agent, and a new year ahead- I wanted to reflect on some of the mistakes I made in my first year.
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Beautiful comment and share 💜👍🏾
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investtments, in my opinion, are complex.
Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
The best investment one can do right now is investing on real estate though stocks are good but ever since I swapped to real estate, I've seen so much difference.
I have been making a lot profit through real estate which has been the main source of my income.
I’m interested I want to move to real estate investment can you help me ?.
Sounds great! please I will appreciate your assistance on how to go about it, who's your coach and how good is your coach?
STEPHINE KOPP MEEKS is who i work with look her
Thanks for recommending i find her and left her message online
pls never stop these real estate videos they're exactly what I need! im 17 and getting my license this summer when I turn 18
Congrats on your 1st year! I'd be curious to get a breakdown of each of the deals you closed and how much you made as a result. Kinda like the "This is how much CZcams made me in 2022" videos.
Yes, CZcams income vs Real Estate Income.
I think it's weird that people in the comment sections feel like they deserve to know a stranger's exact income. creepy.
@@MrsMuffin11 Her sister did a video on how much income she made from CZcams. Not creepy at all. It's called Transparency.
@@MrsMuffin11 No ones saying they deserve to know anyones income. Its a suggestion of a pretty common CZcams video. Totally normal.
you can research the percentage that real estate agents get for commission and look at the listing in her area to get a ballpark. her giving exact numbers may affect her future clientele.
Choosing the right industry to invest is very critical, Most times, it amazes me greatly how I moved from an average lifestyle to earning over $83k per month. Utter shock is the word. I have understood a lot in the past few years to doubt that opportunities are bound in the financial markets. The only thing is to know where to focus.
@Dulce de Leche I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or crypto and stocks.
@Queen OF Love That won't bother you if you trade with a professional like Mr Tony Alin berker my coach, you may have come across him on interviews relating to bitcoin. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
Wow I can't believe you guys are discussing about Mr Tony Alin berker, I once met him at a conference in California 2019, just before the pandemic. I can testify that is very good in trading..Highly recommended.
@@roklin1 Well this not my first time of seeing this name on social platform. A CNBC news host spoke highly of this man and his trading strategies. Do you know him ? if yes , did you invest with him ?
@@thamad311 Yes i do, I've known him for couple of years , I'm still using his services , His management team is quite impressive so far.... with my $15,000 deposit, I made over $288,000 US Dollars profit with just 10% charge.....................
It's a great career! So glad you're learning all of the important stuff now...I can only imagine in the next year how you would grow. I've been in real estate for the past 7 years this year!
1) Time Management is soooo important! Try to get there before your clients, submit all your deals on time
2) Have a good CRM, FOLLOW UP!!!! Lol most of us get busy and we don't do this often!
3) Have fun in the process!
4) You will quit real estate like 5x a day LOOOOL
Don't give up though, have a good crew of people around you...makes your transaction smoother...And yea do say No to clients...you can't work with everyone :)
Quitting 5 times a day is such a moooooooodd ahhhhh
Btw, You were very fortunate to have a Mentor, like Cyrus. I'm sure he had a significant part in your first year's success in real estate.
Again, my daughter's account. I am a RE agent in Vancouver. Things I have learned (I've been licensed for 4 years).
1. I never open and close pocket doors all the way. Once, in an open house for a townhouse a buyer went into the kitchen, then asked me if there was a door. I said yes! Pocket door! Pulled out the pocket door all the way and it jammed on the track. For 15 minutes I was trying to get this buyer out of the kitchen!
2. Although realtors may need to use the restroom during an open house, I avoid at ALL COSTS. You do not know the condition of toilet in an open house. This may be TMI, but once I had to use the bathroom (SO NOT CLOGWORTHY), flushed once, and the toilet OVERFLOWED onto the newly renovated marble bathroom. You think as a realtor this will never happen to you, but it can! THE WORST EVER! The toilet was likely not working properly to begin with. But never again will I take a pee while hosting an open house because of that! YIKES!
Loved the video! My boyfriend and I are currently looking for a house now. I don't agree with the not bringing people though. My step dad comes with us to look at every house and does an informal inspection. My boyfriend and I know nothing about roofs, property drainage, load bearing walls etc. Yes we can get an inspector in after we put an offer but he has saved us a lot of money by finding these things first. Sometimes my boyfriend and I can get sucked in my pretty flooring, kitchens and bathrooms when the actual house is not well built and would take a lot of money to fix.
Congrats on almost a full year! Thank you so much for making this video! I plan on becoming a real estate agent soon and loved being able to avoid these mistakes in the future thanks to you!
Hi Monica, your video inspired me so much! I’m doing research on becoming a real estate agent, and luckily I found your video.
I got my bachelor in Interior Design that I was super passionate about it, BUT there’s something feels off when I started my job. I think it’s time to try something new now!
Great video, Monica! I'm currently in the process of getting my license here in Ohio. Your videos are overall great, but your real estate videos have been super helpful! I think it would be pretty cool to see some videos on a) a financial breakdown on your first year in real estate and b) a sit down with Cyrus on some of his most important pieces of advice for agents, both new and seasoned. Thanks for everything and looking forward to what you have to offer in 2022!
This was super helpful. I was dragging my feet taking online courses and scheduling my test. No more procrastination!
Congratulations and well done!!!!
Im hoping that part II of Spending a month in Palm Springs coming soon
Can we just look at Monica’s hair! It’s gotten so amazing over the last year! I remember you having shoulder length hair. Can we please get a what you use on your hair video 😅
I absolutely appreciate your honesty! You're gonna be a great mentor! You're such a hard working agent.
Very interesting to see a big creator switch and go into traditional sales so to say. I’m working that other way around where I would want to focus mainly on just creating content and step back from the real estate sales aspect
Hey Monica, I have missed you, and am so happy you will be uploading more!
I am soooo guilty of "I have something at 3 pm so I can't do anything until then."
Love this! Currently getting my courses done in Washington. So helpful, thank you so much. 🙏🏼
Thank you for the insight! It's great to hear other people's experiences in the industry!
Thank you for the transparency! Great education!
We all do mistakes but, it means we're moving forward and learning. You did a great job!
Great information! We've been an agent in southeast Michigan for the past 25 years. Definitely have made a few of these.
YES, I always give myself an extra 20 mins haha. So essential in real estate.
Congrats on your 1st year!
The bird poop incident had me roooolling. That’s hilarious 🤣🤣🤣
Monica:
Real Estate Agent ✅
CZcamsr ✅
Professional Door Opener ✅
Thank you for mentioning the putting off the course, I've been doing that :( but this honestly motivated me to start again :) so hopefully I'll be done with it soon
Love this! I resonate so much with your journey. It’s inspiring and I can’t wait to learn more and implement your techniques ☺️
Very interesting even though I’m not in real estate!!
I agree with everything you said! Besides one thing I had a real estate agent that I fired over the fact that he didn’t like that my contractor was coming with me to look at my investment properties.
Great Video . Thank you for sharing .
Love seeing each and every video on your channel 😁💕🤗
Hi. My name is Stephanie , Steph for short . I know I am just a nobody here in the comments , but I definitely would want to maybe be friends. If not I understand . I hope you know you are amazing no matter what anyone else says and you have a purpose in life 💗 Stay beautiful and know that you are worthy always . Hope you have a Happy New Year
Awesome tips! Thank you! Could you make a video of how you generated leads when you first started? I'm a new agent but I don't have that strong of a social media platform. I am working on that but it takes time. You seemed to have taken off quickly. Any advice is appreciated!!!
I take my real estate test in 2 weeks (wish me luck)! I’ll definitely keep this video in mind as I begin my career.
howd it go
@@tanmays7402 I passed! I haven’t chosen a broker yet as I’m in the process of moving to LA. But have has a bunch of zoom interviews and narrowed it down to my top 5. Will do in person interviews once I move.
Hey! I’ve noticed that you’ve had paid sponsorships with a few different laptop companies. And I assume only one of them is actually your go-to laptop. Can you do an unsponsored video sometime where you talk about your favorite tools and tech as a real estate agent?
Lovely recap. I am a new agent in Charleston SC. Still Navigating thru. I agree with mistake 2 and saying it took too long studying. Especially once I figured out HOW to study.
I definitely agree! What are some tips on how to study?
@@ilovekandii214 don't study all the content. Study from the practic tests
@itsokaywithjay 👋 Sure! What kinda tips? Like study?
Hey I’m from Myrtle Beach SC currently taking my class
Opinion: Real Property professionals sell themselves to potential clients. You have that mastered. 😊 👍 The real estate property *seems* secondary, from my experience. 😊 Much future success to you. (Off to an outstanding start, at almost a year).
Just wanna say your hair looks great, super healthy & shiny!
Good advice!
In my first week and loving these videos!
10:38 - yeah, sometimes, it's just better to walk away if you get that "not so good vibe", for whatever reason.
Can you please talk about the privilege of showing properties for sale as opposed to properties for rent? And what did you have to do to omit that part?
Hi Monica! Long-time fan of your channel but I don't think I've commented before. In part thanks to your journey I've been inspired to consider a career change to real estate. One of the things that is the most intimidating to me though is prospecting. I'm curious how you approach it? Thanks!
For example you don't take your parents out on a first date with somebody lmao dont take your friends and family the first time you see a house
You have grown so much and I’m so proud of you! Here’s to 2022!
I LOVE THIS.
I love this video. I'm a new agent and definitely needed to hear some of these things. do you have any tips on how to get a first lead?
She saw an opportunity to throw in an ad lol
Thank you 🤩😍😍🥰
Congrats! 17 closings in less than 10 months is a lot! What are your thoughts on hedging against market downturns?
There’s always a learning period for every profession but seems like you had a happy and successful first year. Congratulations!
This question might not relate to this video but what are the common questions that buyers usually ask their realtors when they want to down an offer?
I would love to hear this answer^
Congrats! I am at 7mo. Would love more of this content. What is it like working on a team?
Great tips. ♥️
Your hair and make up look on point!
can you inform us on how to manage personal finance ! ? I would love some insights and strategy :)
Thank you!!
thanks for sharing.
14:05 very well said , BUSINESS projection.
Good overall videos , tell me more about - not saying yes to all , meaning sometimes it’s just not a good fit .
I want to hear what you think about being a buyers agent and the conflict of interest there. It seems like whether you are the sellers agent or the buyers agent you are not incentivized to help the buyer get a good price or wait for a better house.
Do you have any thoughts on this?
You look so happy!
Great points
Love this video, out of curiosity will you be dedicating this Chanel to real estate ?
Yeah, I'm always early to everything. I hate being late to anything.
Fellow new realtor here, I don't carry my laptop with me at all times but I have definitely had to write an offer on my phone, not ideal 😅
Ugh I would haaate to write one on my home!!
@@MonicaChurch it's not the best but at least I got to write it by the beach!
Thanks so much for sharing Monica!! I've been taking forever just to study the first course...but will try to speed it up now :')
So curious as to how you got those initial leads! I find it the hardest to get the ball rolling.
Your videos are really amazing
Ive been putting off my course for so long. It’s such a pain in the ass and I’ve heard people say that the test is super hard? So I’ve been putting so much effort into understanding every concept. Is it actually pretty easy? Also whats the one portion of the course you’d actually pay close attention to?
Wow! Did your social media get you clients?
Thanks for the helpful videos ! I’m planning on getting my license in CA and I was wondering how you went about getting your first listings, ie was it through an agency or your own advertising? Thanks again !
I've been an agent for a while now (10 years) and for me the worst is when you either get to a house and there's no key because the agent accidentally put it in their pocket and left OR you get back to the office and you have the key in your pocket because you accidentally pocketed it! I've done this a couple of times and had to run immediately back out and put the key back in the box. Luckily nobody has tried to show it and notified the agent that I did that yet. I just get involved in talking to my clients and do it without thinking!
Oh no! I’ve never done that but definitely see how easy that could be.
I have a tip for you! When I show a home I put the key on a wristlet key chain I got from ace hardware. That way the key is always on my wrist so I wont lose it and when I go to drive away, If the keys on the wristlet still I see it right when I go to put my hand on the steering wheel.
What’s the hardest part of been a real agent ?? If you don’t mind me asking😊
@@natylights2394 I would say the hardest part is remembering to do everything when you have 2 or more deals going on. Keeping everything in order and making sure you complete tasks in the time frame you have scheduled.
Great video.
Great video!!
I think my one uncle was a realtor. He's very outgoing. A people person.
...would never use anyone this young and inexperienced.
Do you have a real estate course that you recommend or book to prepare for license exam?
I need a “oh now your a real estate agent” what now? Beginner tips pleaseeeee
My advice for agents working in a major city such as Boston where I am is to take advantage of public transit. Driving in most major cities is such an aggravation. In addition to that, I don't trust other drivers especially in Boston.
Hi, Monica! I hope you are doing well with CZcams and real estate.
Hi what laptop is good for realtor use?
'...I'm gonna be uploading a lot more'... I'd say that's an excellent idea! :)
Your had my laughing with your bird poop story lol
17 deals in 10 months is decent. Would you say you got that mainly from your team or did you self generate? Also, It would be really interesting to know what kind of deal you have with your team if that's not too personal. Like how much he takes from you per deal
100% self generated. Shout out to all of my awesome subscribers that have reached out!
Real estate's not my area, but I think a lot of the lessons you learned and shared can be applied everywhere. Especially time management stuff. And actually, if you ever share more tips/information on time management in a video, I'd be highly interested!
I wish I had known how important mentorship is. Vital for the beginning of any career, really.
Okay, I thought I was crazy for giving myself 20-25 mints lol I like to be there before and look around the area
Are you gonna join the Oppenhiem group? LOL love this vid!
Where did you go to school to get your realtor license
I don't think is a good idea to hangout with a client ever not even after a sell .
I’m currently studying for my license in TX, and binging all your videos. But my situation is a bit different because I’m a stay at home mom of a 1 year old right now and I’m nervous that I won’t be able to manage my time the best way possible :(
Where in Texas are you located? Welcome to parenthood! We have a 18mo old and you can do this!
@@mclemoreteam9716 Austin! My daughter is 15 months :)
I'm currently afraid of this too. I have a 15 month old and I also have 3 school aged kids.
I love your video it's so helpful however, I want to know how long it takes to get your license? also what was the name of the school you attended for real Esate
You are great, I love to see a young person doing hard work. Very impressive in today's world. You are a good example for how to be humble straight shooter Thank You, If possible I like to see the dog or dogs or any other animals. Great Job
Lol. Ive been working at my course since November. It's March. 😬
I’m almost able to take my real estate license test. You inspired me to go into this field. I hope you keep making these videos!!
I put an offer on a home and want to add an escalation clause. I had a realtor write it out and don't like the way it looked. My escalation goes from 670000 up to 682000 but at the top of the contact it says "purchase price: 670,000" then only mentions the escalation clause at the very bottom of the contract. Is this standard? I don't want my offer to get over looked because I didn't format properly or in a way that catches the sellers eye. Any info would be helpful. Thank you.
I'm a real estate agent and it doesn't get overlooked. Contracts are standard for every state regardless of agency, so the all agents are familiar with the contract and are suppose to explain that to the client.
BTW, in this market, everyone is doing an escalation clause when there is a bidding war.
LOOKING SO BEAUTIFUL