Agent Referral
You will need to complete the Referral Form to get started. You’ll then need to fill out the Referral Agreement along with a W9 before payment can be made.
We’ll send out the Referral Agreement for electronic signature when your client signs up. This is required before payment can be made. All prospective clients must be registered in our system prior to being shown the property to claim a referral fee. No referral fees will be paid for prospects that were not registered with us before the client contacts our office. Only licensed real estate agents are able to receive referral fees.
Rental Property Analysis:
When your client requests an evaluation for the performance of their rental property, whether it’s a homeowner contemplating renting versus selling their home or a current rental property owner in need of a performance analysis, Siven Rentals can provide the necessary insights. We can even analyze the current performance of their property under another management company to ensure they receive the best service, highest returns, and most competitive rates.”
Rental Solutions for Properties Under Market Value:
After conducting a Comparative Market Analysis (CMA) and attending a listing appointment, if it’s determined that the seller is underwater on the property and needs to wait for the value to increase, don’t deliver the bad news without a solution. Refer them to us to rent the property for a year or two while the value appreciates. When they are ready to sell, we will send them back to you. This way, you provide them with an option to pursue their plans, move out of the home, and have their mortgage covered with rent.”
Properties Unable to Sell, But Your Owner Still Needs to Move:
If you have a listing that’s expiring, and the seller doesn’t want to renew, give them a solution that allows them to move as planned by referring them to us for renting and property management. When they’re ready to attempt selling it again, we will send them back to you.”
Rental Property Investors:
If you’re working with a buyer purchasing one or more houses strictly as an investment property for renting, recommend a reputable property management company that can handle tenant relationships. Many investors want the rewards of rental income without the hassles of management. If they decide to purchase additional properties or sell the ones they have, we will refer them back to you.
What are the requirements to earn a referral fee?
Referral fees will be earned when all three of the following occur: (1) execution of lease; (2) payment of rent by tenant; (3) move-in of tenant.
When do you pay referral fees?
Payments are submitted within 30 days after the tenant moves in.
What do I need to do to receive a referral fee?
You will need to complete the Referral Form to get started, and then you’ll need to complete the Referral Agreement along with a W9 before payment can be made. We will send out the Referral Agreement for electronic signature when your client signs up. This is required before payment can be made. All prospective clients must be registered in our system prior to being shown the property for claim to a referral fee. No referral fees will be paid for prospects that were not registered with us prior to the client contacting our office. Only licensed real estate agents are able to receive referral fees.
When’s a good time to refer your client?
Rental Property Analysis. When your client requests an evaluation conducted for the performance of their rental property. This could be a homeowner contemplating renting vs. selling their home or a current rental property owner needing a rental performance analysis conducted. Siven Rentals can even provide an analysis of their current property performance under another property management company to ensure they are receiving the best service, the highest returns and the most competitive rates.
Rental Solutions for Properties Under Market Value. After doing a CMA and going on the listing appointment, it is determined that the seller is underwater on the property and needs to wait for the value to come up. Don’t give them the bad news without a solution. Refer them to us to rent it for a year or two while the value increases. When they are ready to sell, we will send them back to you. Meanwhile, you have given them an option that allows them to pursue their plans, move out of the home, and have their mortgage covered with rent.
Properties Unable to Sell, But Your Owner Still Needs to Move. You have a listing that is expiring and the seller doesn’t want to renew. Give them a solution that allows them to move as planned by referring them to us to rent and manage the home. When they’re ready to try selling it again, we send them back to you.
Rental Property Investors. You’re working with a buyer who is purchasing one or more houses strictly as an investment property which they intend to rent. Many investors want the rewards of rental income without the hassles of managing tenant relationships. Recommend a reputable property management company that can alleviate them of the burden. If they ever decide to purchase additional properties or sell the ones they have, we refer them back to you.
