Larris Hutton, Property Management Company in Fayetteville, NC (Linchpin Property Management)

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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

The best practice is what is negotiated, documented in writing, and honored by all parties.  I do not see this as one-size-fits-all. Many factors must be considered. 

Nov 02, 2020 10:12 AM
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Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Well that depends......what type of property? There are so many levels.  I would do the same as we do in residential. Documented in referral addendum and spell out the terms.

Nov 02, 2020 11:12 AM
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Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

The worst structure is the ones by relo companies. If you are looking for a percentage per se, you're not going to get it here.

Nov 02, 2020 12:04 PM
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Have a written clearly stated policy.

Nov 02, 2020 11:03 AM
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

A key element is sending the Landlord back to the Agent who referred them ( if/when the Landlord would want to sell)

Nov 04, 2020 06:34 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Got a postcard offering $500 referral fee for tenants from a large apmt company in town.

Seems like a nice tip for something that I would normally do for free just to help the renters out.

Nov 03, 2020 04:53 AM
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

What do you feel is the best policy? That is the one you should go with.

Nov 03, 2020 04:08 AM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Can't say I have any experience with property management companies, but interested to hear what others has to say!

Nov 02, 2020 10:12 PM
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Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Person to person is always my preferred method.  I only work with an manager and company that will keep me in the loop and let me know when the tenant or homeowner is ready to make a move.

Nov 02, 2020 08:49 PM
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Go low which keeps the motivation going until completed......Too many hands in the cookie jar makes for stale cookies not eaten

Nov 02, 2020 01:05 PM
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Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

What Kathleen Daniels, Probate & Trust Specialist said.

Nov 02, 2020 11:55 AM
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Larris,

Kathleen Daniels, Probate & Trust Specialist comment is perfect, and we agree.  A

Nov 02, 2020 10:59 AM
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Personally, I'm in Charlotte, NC and have never seen a good referral fee structure - it's so not worth our time to help tenants...which is really sad for the tenants!

Nov 03, 2020 05:56 PM