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Finance Broker, RE agent or PM?

Discussion in 'General Property Chat' started by SirDingo, 21st Apr, 2016.

  1. SirDingo

    SirDingo Well-Known Member

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    Location:
    SA
    My wife and I have been living OS for 15 years and we are returning to Oz permanently in February. I come from a business administration and marketing background and am currently GM of a marketing and publishing company in Europe, working about 60 hours per week.

    I'm thinking of a career sidestep when I return to Australia and would like some feedback from any Mortgage Brokers, REAs or Property Managers to hear their thoughts, pros, cons, salary, stability, workload, etc.

    I'd be most grateful for your personal experiences and advice.

    :)
     
    Last edited: 21st Apr, 2016
  2. Cactus

    Cactus Well-Known Member

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    I wouldn't become a PM for less stress. Don't think you could pay me enough to be one and they generally don't earn that much unless own business.

    REA is good in a flying market. Income will depend a bit on median house price in your area of operations. Weekend work and evening work required if residential not so much for commercial.

    Mortgage broking is not the glory days of old, but many here could comment. Odd hours required.
     
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  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Gold Coast
    3 questions that may help you

    Do you like working with people in a1 to1 interpersonal role ?

    Do you prefer pleasing methods or pleasing results?

    What do you want from your work ? Success and/or significance?

    ta
    rof
     
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  4. D.T.

    D.T. Adelaide Property Manager Business Member

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    All 3 are quite different personality traits. I doubt any one person could be successful at all 3.

    Those jobs wouldn't be any less hours initially than what you're on. Comes down to what suits you and what you're trying to get out of it.
     
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  5. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    Perth WA
    Considering two of the options are commission based roles, do you have a good chunk of savings put away to get you over the first few lean months/years while you get good at your job?
     
  6. Xenia

    Xenia Adelaide Property Manager Business Member

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    SD do you want to do these as your own business or join a team?

    With a sales and marketing background business development for property management may be more the go. Rather than a property manager.

    You are already an investor and can relate to the target market realistically with both good and bad experiences - this would help.

    Property sales is a different target market marketing wise and takes a longer time to get it off the ground.

    Both are rewarding jobs.

    Finance - if you are doing property management for yourself and already have your own clients you can always add your own finance arm. Raine and Horne added millions to their profits by introducing finance to their own clients.

    I would want 300 - 400 properties on a rent roll to make it worth the effort. It's on the cards for us in a few years too.

    Straight property management suits someone who wants stability and predictability. There is a capped rate on earnings and the ability to increase what you make is limited.

    Business developers in property management make more money than property managers and they control what they make.
     
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  7. SirDingo

    SirDingo Well-Known Member

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    OK, you've convinced me. When would you like me to start? ;)
     
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  8. Tony Fleming

    Tony Fleming Well-Known Member Business Member

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    Why, not all three? You didn't want spare time did you :p
     
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  9. Xenia

    Xenia Adelaide Property Manager Business Member

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    Location:
    4/136 The Parade Norwood, South Australia
    When did you say you would be down in Adelaide?
    Be in my office at 9am sharp ;)
     
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