A real estate career can take years of strenuous effort to build. It can take even longer if you strive to become profitable. However, in 2015, AptAmigo emerged with the aim of improving the rental industry for renters and agents. By addressing a few critical issues, AptAmigo developed a functional system for fast-tracking real estate careers, and in the process, they transformed the apartment search into a pain-free experience.
AptAmigo was founded in the highly competitive housing market of Chicago and has continued to improve its service to renters, while simultaneously developing its value proposition to real estate professionals. In the years since, they expanded into other major cities across the US and has earned thousands of 5-star reviews for their service.
Related: A Day in the Life of Residential Leasing
The Problem with Traditional Real Estate Careers
Dissatisfied with the traditional rental real estate business model, AptAmigo co-founder Dan Willenborg observed four fundamental flaws that prevent real estate agents from finding lasting success. Addressing these flaws set AptAmigo apart and allowed agents to achieve a previously impossible level of success.
Problem 1: High Barrier of Entry
Traditional real estate careers come with a high barrier of entry. Between the necessary time, financial investments, training, certifications, and licenses, plenty of obstacles stand in the way of success. Not only can this feel extremely overwhelming, but it can also have significant long-term financial consequences if the plan goes awry.
Problem 2: Long Sales Cycles
Another major obstacle new agents face: it takes a long time to generate a profit. It is common to wait 6-9 months for a payout, while still covering monthly marketing and advertising costs. A long sales cycle can make real estate careers feel unstable or unsustainable without careful planning and monitoring of monthly budgets.
Problem 3: High Marketing Costs
In the same vein, most real estate careers require agents to create and fund their own advertisements. The average agent spends anywhere from $10,000 to $40,000 per year (Hoole.co). Many newly minted agents simply cannot afford this operating cost. However, in a highly saturated industry, marketing is often what sets you apart.
Problem 4: The “Only One Person” Dilemma
After combining marketing tasks with sourcing leads, maintaining a website, and paperwork, you can find yourself wearing far too many hats. When you then add the time it takes to attend in-person showings and networking events, the number of hours in a week don’t suffice. Besides the risk of burnout, working as one person in one place at one time does not allow for scalability in a traditional real estate career. The amount of work an agent can accomplish by themselves limits their ability to grow unless they become a broker and start their own business.
AptAmigo’s Solution
Due to these four problems, building a real estate career is not for the faint of heart. However, AptAmigo’s innovative approach allows motivated individuals to overcome these obstacles, find a sense of “work-life balance,” and translate hard work into a successful real estate career. By providing every new agent with experienced mentors, custom-built technology, and support from multiple teams, even people with no real estate experience have excelled in their first 90 days.
Low-to-No Barrier of Entry
AptAmigo eliminates the barrier of entry by providing instant access to experienced mentors, warm leads, administrative support, and marketing. At this brokerage, you can generate income without dipping into the realm of debt or negative profits.
Say Hello to Your Team
At AptAmigo, support from multiple teams allows agents to multiply their productivity and close more deals than any one person normally could. The operations team schedules client tours, maintains B2B relationships, deals with invoicing, and takes care of administrative work. This team alone frees up about 10-20 hours of time each week that agents can spend on servicing higher volumes of clients.
AptAmigo also provides technology and marketing support, so you can trust that whatever the scenario, we’ve got you covered.
The Real Estate Career Opportunity of a Lifetime
AptAmigo built a team of dedicated real estate professionals committed to building the future of rental real estate. Where else can you:
- Ditch the 9-to-5 grind, yet still receive the financial security of a full-time job;
- Become your own boss, set the schedule that suits your lifestyle, and grow at your own pace;
- Break into the real estate industry with low-to-no risk;
- Scale to 6-figures in less than 6 months (on average)?
Even our agents with no previous real estate experience see incredible success in their first three months. With passion and determination, this system will get you on track for a 6-figure income and a thriving real estate career.
Partner with AptAmigo, and give your real estate career the ultimate jumpstart. To join our community of go-getters, submit your resume today.
AptAmigo is proud to be an equal opportunity workplace and does not discriminate based on race, religious creed, color, national origin, ancestry, genetic information, physical or mental disability, medical condition, marital status, gender, age, sexual orientation, gender identity, veteran status, or any other characteristic protected by applicable law, in connection with any aspect of employment at AptAmigo.
