As promised in Part 1 of my 2 part series, the Real Estate Agent Business Plan, in this video I actually show you how to create the written documents that a real estate agent should create to complete their business plan.
The documents I create in this video are:
1. Marketing Plan Overview - This identifies your Target Market Areas (your primary targets from where you intend obtain business), and your Marketing Methods (the things you're going to do to generate that business).
2. An Itemized Business Expense Budget - that will identify what products and services you're going to need to purchase, and how much each product and service will cost you, both monthly and annually.
3. An Income and Expense Cash-Flow Projection - This is a forecast of the timetable on which you anticipate that you will produce transactions, how much commission you'll earn from each transaction, the deduction of all of your business operating expenses, and the amount of profit you expect to collect. This is calculated on a monthly basis over a 2-year period.
LEASE NOTE that I've created 2 Itemized Expense Budgets and 2 Income and Expense Cash-Flow Projections - 1 each for a 100% Commission Agent and 1 each for a Fee-Split Agent.
These are the links to each of these sample documents:
I hope you enjoy the Real Estate Agent Business Plan - Part 2 video and benefit from the information I've provided.
Don't hesitate to contact me if you have any questions about this video or any of the documents; I'd be more than happy to help you.
Finally, if there's a real estate related topic that you're interested in knowing more about, please let me know.
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I look forward to hearing from you.