One of the most difficult aspects of real estate investing is developing a netowrk of quality professionals. These are the people who can make your life a joy or pure misery.
Depending on how you invest in real estate, your professional rolodex may contain just a few categories like realtors, insurance agents, attorneys lenders and accountants. Or it could be an expanded rolodex containing the names of a wide variety of contractors and craftsmen to help you prepare ugly houses for resale.
Whatever your needs, if you have been in this business for any period of time, you have encountered people who love their profession and pay attention to every detail. And you have met others who seem to coast through life and make you cringe every time you need to call them to move a deal forward.
The way to do this is to simply ask everyone you meet for referrals.
For instance, if you are talking with 3 different realtors this week, ask them for a list of suggestions for mortgage brokers, attorneys or accountants or whichever service area where your rolodex is weak.
Then simply take those lists and see if the same name pops up on multiple lists. Chances are great that if more than one realtor is making a recommendation for a professional in another area, that is a professional you want to get to know.
Then repeat this same process every week to keep building those lists. And start calling some of the people on these lists to get a feel for how they do business and also ask them for referrals.
Keep this process up for a few weeks and pretty soon you will have a million dollar rolodex of the best of the best in your community. This priceless resource will pay you huge dividends in high quality problem free service for years to come.
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