How Many Real Estate Agents Will You Hire?
It is our business plan to ultimately hire at least one licensed real estate agents to work in each Maryland County where we operate. We would have as many as three in each County. Obviously, an agent can work in as many counties as they like. At DMS Properties, LLC … Residential Real Estate Services, our main goal is to work with agents who know the neighborhoods, laws and forms wherever they work. We have come across so many agents who have no idea what they are doing.
The key to a real estate agent being successful is to determine their market area and the type of clients they wish to serve. Some agents want to represent buyers, while others want to list properties. Some agents will concentrate more on rentals and even property management. We have a growing inventory of homes and land for sale, and we would like to hire agents who will bring us buyers for those properties.
Based on our knowledge of the inventory of homes that we manage, a licensed real estate agent can make a good income managing rental properties. We believe that a single licensed property manager can easily manage up to about 25 homes at any one time. We actually want to increase the number of homes that we manage as we expand into new market areas in Maryland.
We are working on plans for handling short-term rentals. Those would be homes that are located near military installations, colleges and event venues. Finally, we are working on a plan to incorporate vacation rentals, too. We will need agents and contractors who can work with those.