For agents working small multifamily

Investors who don't get stuck keep buying.

A first small multifamily purchase either becomes a portfolio or becomes a second job. What decides it is usually the management. When the building runs without your client living inside it, they start looking for the next one, and they look with you. We can be named as the manager while the deal is still under contract, and your client stays your client.

$300 a unit when the owner signs.

Send me the referral agreement Read the four terms

$300 per unit - on this side of the business it adds up

Duplex$600

Twelve units$3,600

Twenty-nine units$8,700

Paid after the owner's first full month with us. On a building that size it is real money, and we would rather the fee follow an account that has actually started. Referring a single-family rental instead? The house version of this page covers it.

Where we fit

Who carries what

Tenants, turnovers, repairs and late-night calls are what fill an investor's calendar. We take that on from day one, with a plan for the tenants already in the building, so nothing slips at the handoff. If you have one under contract now, tell us the unit count and we'll tell you what we'd need.

Who handles what

We handle

Leasing and screening
Rent collection and owner statements
Maintenance and turnovers
The in-place tenants, from day one

You keep

The client relationship
The purchase
Every acquisition after it

On the seller side

What a clean rent roll is worth at closing.

The thing that moves the price on a small income property is not the marketing. It is whether a buyer's lender believes the rent roll. Where we help while the building is listed:

Rents documented the way an underwriter wants to see them, so the income survives review instead of getting discounted.
Tenant cooperation on showings. Occupied units are where income listings stall, and that is an operations problem before it is a marketing one.
Estoppels and lease files assembled before due diligence rather than during it.
Leases brought to market terms as they renew, so the seller is not selling a building priced on rents from three years ago.

We do that as the manager. You stay the listing agent throughout - taking the listing is not something we do.

The terms

Four terms, so there is nothing to discover later.

These are in the agreement before the referral, not after it.

Paid once management begins

We pay after the owner's first full month with us, so the fee follows a relationship that has actually started.

Paid through your brokerage

Florida routes referral fees broker to broker, so the payment goes to your brokerage. If you're the broker, it comes straight to you.

Agreed in writing up front

Before you make the introduction, we sign a short agreement that confirms the fee and names you as the agent for the eventual sale. It stays in place as long as we manage the property, renewals included.

Licensed on both sides

Florida requires an active license on each side of a referral, so we confirm both licenses at the start.

Referring an owner with more than one property? The agreement covers the whole portfolio, and you're paid for every unit.

Read it before you need it

Get the referral agreement.

Tell us the unit count and we'll send the document itself, plus what we would need to be named before close. Nobody contacts your client.

A reply from a person, not a drip sequence.
Income property across Hillsborough, Pasco, Pinellas, Polk and Manatee counties.
If we are not the right operator for that building, we'll say so.

Prefer a person? Call (844) 960-4527 or email peter@homeprop.com with the subject "Referral agreement".