How To Build Your Vendor List As A Newbie Real Estate Investor

Investing in real estate is the type of business where it isn’t so much about what you know as much as it is about who you know. This is especially true when you are brand new in the business and know very little. If you want to make it as a real estate investor in Des Moines, you need to start building your vendor list from day one. Before you know it, it will be one of your most valuable business assets. Here are a few tips to get off to a strong start to fill your list with the best vendors in Des Moines.

Who Do You Already Know?

It is likely that you already know at least a few people that could become a potential vendor for you as a real estate investor. Anyone that works in property management, construction, plumbing, marketing, electric, etc. are all potential members of your network that can help you grow as a real estate investor. It’s preferable to work with people who you already know, like, and trust so start by reaching out to your connections to let them know you are looking to add them and anyone they know, like and trust to your list of preferred vendors.

Attend Or Host A Networking Event

Networking events are another fantastic opportunity for you to meet, connect with and begin building relationships with potential vendors. Meetup is a great website for finding potential networking meetings where you can meet other local professionals. You could also turn to your trusty real estate investment specialist Realtor and ask them to bring you along to a networking event that they already attend. In some cases, you may also be lucky enough to find a networking event that is specifically tailored to local real estate investors.

Leverage Social Media

Social media is one of the best tools that you have in your arsenal as a real estate investor. Not only is it great for marketing your properties, but you can use it to network with potential vendors.

Look for Facebook groups that cater to local real estate investors and professionals and ask permission to join. Start your membership to the group with an introduction post and let them know that you are vetting vendors. Posts like this on LinkedIn could also result in a jackpot of valuable vendor referrals.

Check References

Obviously the vendors that you choose to work with will make a significant impact on your bottom line. Therefore, it is important that you screen them just like you would an employee. Rather than just taking someone’s word for it, make sure to gather references from any vendors that you haven’t already worked with and trust to do an excellent job. Any vendor that is worth their salt, will be more than happy to provide you with verifiable professional references.

Want Personalized Guidance On Investing In Des Moines Real Estate?

We can understand how difficult it can be to find people that you know like and trust as a newbie real estate investor. We had to go through those same growing pains as real estate investors and Realtors here in Des Moines. We would love to help you trim the learning curve by building out your list with the most trusted professionals in Des Moines. Give us a call today to learn more.

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