January 2023 - DG Pinnacle Funding LLC
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January 2023

Concept of social media marketing | 7 Ways to Market to Realtors as a Loan Officer | DG Pinnacle Commercial Miami Mortgage Lender

7 Ways to Market to Realtors as a Loan Officer

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7 Ways to Market to Realtors as a Loan Officer

As a loan officer, you know how important realtors are to the success of your mortgage career and business. But if they don’t know who you are, it’s impossible for them to send business your way. That’s why marketing to realtors is so important! Here are some of the best ways to make sure realtors know who you are and how you can help their clients.

Marketing to Realtors Is About Building Relationships

Before we get into the how, let’s talk briefly about the philosophy behind marketing to real estate agents. The most important thing to remember is that you’re building real relationships with real people. It’s the only way to cut through all the noise realtors get on a daily basis—a lot of it from other loan officers who also want to earn their referrals.

You can get realtors’ attention with a few key tactics. First, be consistent. Reach out to real estate agents on a regular basis and in a variety of ways, so they always remember who you are and what you do. Second, make yourself valuable to your audience. You can do this by making it easier for them to sell houses and secure financing for their buyers. Be generous with your knowledge and time, giving them a reason to WANT to recommend you.

Real estate agents are bombarded with marketing from loan officers who all offer similar products and interest rates. You’ll stand out from your competition by forging real relationships rather than pushing sales pitches and interest rates. So let’s talk about the most effective ways you can do just that.

1. Email Marketing Is a Good Way to Stay in Touch

Remember that realtors are getting similar canned messages from several loan officers at any given time. Use technology to stay in touch, but do it in a personalized, thoughtful way.

Instead of sending boring emails with graphs about rates or a dry monologue about the most recent Fed meeting, send realtors resources to grow their business, as well as materials they can easily share with their clients. Your content has to be relevant, or nobody will pay attention to what you’re sending.

So what’s attention-grabbing content? It could be a video about a difficult transaction you saved, or maybe an explanation of the cost of waiting and the value of today’s market. It could also be sending information about a new loan product that you know will help more of their clients.

You’ll stand out by sending personalized emails that are full of helpful information that realtors can use with their clients. Your goal should be to educate and inform agents so they can help their clients as they go through the process of buying a home. Remember, you’re there to make their job easier.

Bell reminder notification alert | 7 Ways to Market to Realtors as a Loan Officer | DG Pinnacle Commercial Miami Mortgage Lender

Your goal should be to educate and inform agents so they can help their clients

2. Social Media Marketing Expands Everyone’s Reach

One of the best ways to begin to build relationships with real estate agents in a low-pressure way is to interact with them on social media. Comment, like, and share! Agents love to see people promoting their listings and social media content. If you stay consistent, they’ll get to know you better. Once you feel like you’ve established some rapport, you may want to reach out in a private message to introduce yourself. This is simple and FREE.

Another social media idea is to send realtors information about the market or lending solutions that they can use for their own posts. This gives them good content to post while also giving you more exposure. It’s a win-win!

And don’t forget to grow your own social media presence! Agents rely heavily on referrals and are always looking for ways to expand their network. Building your own social media presence makes the deal sweeter for agents who want to work with you because they’ll be getting in front of more potential clients. This is good for them AND for you. Social media is one of the top ways to obtain new business.

Social media is all about widening your reach at every opportunity.

3. Open Houses Are a Chance to Meet Realtors Face to Face

In 2022 some markets are starting to hold open houses again. They are a great way to introduce yourself to new realtors face to face. Showing up to a weekend open house can make a big statement about your willingness to go the extra mile. But don’t linger too long. If this is a “cold call,” it’s a perfect time for an introduction and some small talk, but save the sales pitch for later.

Open house interactions should be focused on the agent. Ask questions to familiarize yourself with the agent’s typical clients, and take note of how you can specifically help them. If the opportunity presents itself, ask to schedule a follow-up meeting where you can have a one-on-one conversation. If you don’t get an appointment, you may want to ask for permission to send them more information.

4. Co-Branded Marketing Makes THEM Look Good

One of the best ways you can help your real estate agent partners is by making them look good with very little effort on their part.

That means staying in constant contact with both the realtor and the client throughout the loan process. By creating ease for their clients throughout the process, you’ve created a WIN-WIN situation.

Building your own social media presence makes the deal sweeter for agents who want to work with you because they’ll be getting in front of more potential clients.

Cartoon of african american woman using smartphone | 7 Ways to Market to Realtors as a Loan Officer | DG Pinnacle Commercial Miami Mortgage Lender

5. Personal Visits Build Relationships

It never hurts to stop by and say hi to your realtors. This personal touch is what builds relationships and goes a long way toward helping realtors to like and trust you. Don’t be afraid to keep showing up. Always ask how you can help make their job easier and what they need from you.

Realtors want to make sure the lender can create strong relationships with their clients. These personal visits will show that you fit the culture they want to build with their clients and that you can nurture those strong relationships. But be careful you’re not a pest. Know how to read the room!

6. Video and Livestream Marketing Packs a Big Punch

Savvy lenders are marketing with real estate agents in new ways—like video, livestream, TikTok, and podcasts. Two experts pack a pretty big impact with homebuyers because you’re able to build on each other’s credibility, and there’s no better way to deliver this type of content than video.

Whether it’s Facebook or YouTube livestream, a prerecorded video posted to social media channels, a podcast, or a quick TikTok video or Instagram Reel, real estate agents find value in this type of marketing and the exposure to new audiences.

7. Co-Hosting Events with and for Realtors

Holding events in conjunction with a realtor can be a wonderful way to increase exposure for both of you. The COVID-19 pandemic has changed the way we conduct events in many states across the country, but there are still opportunities to partner with your agents for small in-person gatherings and virtual events.

Another great opportunity is partnering up for a community event or charitable cause to support each other’s businesses and the community where you live. You may also want to hold events that directly benefit realtors, like sponsoring a continued education class or providing a real estate training or coaching series.

Lunch-and-learns are a great opportunity to provide value to an agent’s buyers. You can also host a broker open house with a luncheon for the realtors, or offer to sit at an open house to help answer financing questions from potential buyers.

All these activities have direct benefits for the realtors you’re working with and will go a long way toward cementing good relationships.

Concept of social media marketing | 7 Ways to Market to Realtors as a Loan Officer | DG Pinnacle Commercial Miami Mortgage Lender

Savvy lenders are marketing with real estate agents in new ways—like video, livestream, TikTok, and podcasts.

Bottom Line - Marketing to Realtors Is Essential for Success

It’s essential for loan officers to understand the importance of marketing to realtors in a way that grabs their attention and helps them build a relationship with you. Technology and new mortgage marketing tools may have changed the landscape of marketing, but there’s nothing more important than nurturing relationships with realtors by showing them that you care about them, their business, and their clients. A combination of technology and your personal touch can help you do just that.

At DG Pinnacle Commercial, we understand that building strong realtor relationships and a diverse referral network are vital to your success.

We can help you put your strategies into action. Our programs and products are available to those who are willing to make the effort. Contact us to guide you along the way and take advantage of the many opportunities in the Real Estate Market. Call or text us at 📱 305-851-5225

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Are Short-Term Rentals a Good Investment in Florida?

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Are Short-Term Rentals a Good Investment in Florida?

Thinking about investing in a short-term rental property in Miami or elsewhere in Florida? You are making a great choice. Short-term rentals are a smart investment in general, and Florida is a particularly good market for them. Let’s go over a few reasons why you will be glad that you moved forward with this investment idea.

1. Florida is a classic vacation destination.

When people in the US think about where they want to vacation domestically, Florida is high on a lot of lists. It is also a prime destination for international travel. The beautiful weather and sparkling waves give the state a strong magnetism for those looking to get away from it all, as do popular attractions such as Disneyworld and the Everglades. No matter what changes are in store over the years ahead, it seems likely that Florida’s appeal to tourists will continue to hold strong. That means that demand to stay in your short-term rentals should also continue to hold.

Fort Lauderdale beach with palm trees - Are Short-Term Rentals a Good Investment in Florida? - DG Pinnacle Commercial - Miami Mortgage Lender

No matter what changes are in store over the years ahead, it seems likely that Florida’s appeal to tourists will continue to hold strong.

2. “Post”-pandemic travel remains popular

Even though COVID-19 is still everywhere, 2022 saw a lot of people return to their previous life routines, including travel. Because they were cooped up for so long, the pull to get back out and see and do things has been particularly compelling. That has boded well for tourism in the state of Florida. As reported here, “According to VISIT FLORIDA, 32.6 million domestic visitors traveled to Florida in Q3 2022, representing 18 months of domestic visitation growth from 2019. So far this year, Florida has welcomed 104.5 million travelers, an increase of 4.1 percent from the same period in 2019, and over 15.3 percent more than in 2021.” It seems likely that this trend could continue for a while, so this is the perfect time to get in on it.

3. Less work, more money

Okay—some aspects of short-term rentals arguably involve more work than long-term rentals. You need to be constantly and aggressively marketing, for example. But there are definitely some aspects that involve less work. You do not have to worry about maintaining long-term relationships with tenants, for example. Many people also choose to just work for part of the year, and leave their rental empty (or occupy it themselves) the rest of the year. At the same time, you can pull in a lot of money with short-term rentals. It is not uncommon to charge as much for a night in a short-term rental as you would for a week or longer in a long-term rental.

It is not uncommon to charge as much for a night in a short-term rental as you would for a week or longer in a long-term rental.

Miami beach Florida with blue sky and chair - Are Short-Term Rentals a Good Investment in Florida? - DG Pinnacle Commercial - Miami Mortgage Lender

4. Amazing flexibility

Speaking of taking time off, you can make a short-term rental available or unavailable as needed throughout the year. If you need to remodel the property, for instance, you can do that at the drop of a hat. Just close reservations for the period when you plan to work on it. With a long-term rental, you might not have this option at all until a tenant voluntarily vacates.

5. Doubles as a getaway for you

As we mentioned, some people may choose to reside in their short-term rental properties part-time, or even just stay there for a weekend now and again. You can use your rental property as a vacation home when you want to stay in it, and then rent it out the rest of the time when you don’t. If your primary residence is out of state, that makes it your home away from home.

Miami beach Florida lifeguard station - Are Short-Term Rentals a Good Investment in Florida? - DG Pinnacle Commercial - Miami Mortgage Lender

You can use your rental property as a vacation home when you want to stay in it, and then rent it out the rest of the time when you don’t.

Bottom Line

We recognize the potential financial benefits of real estate investing. It goes without saying that the many benefits of real estate investing outweigh the costs, and that as a real estate investor, you could earn a steady income that provides you with long-term financial freedom.

This year definitely looks promising for investors, and your real estate investments will indeed bring you high returns. The real estate market and housing conditions are in great shape, and you can be sure that you will make money if you invest in the right locations. It’s a simple equation: when the economy grows, the real estate market flourishes, and there is an abundance of real estate opportunities for you to take advantage.

We can help you put your strategies into action. Our programs and products are available to those who are willing to make the effort. Contact us to guide you along the way and take advantage of the many opportunities in the real estate market. Call or text us at 📲 305-851-5225