So how do you feel about Realtor listings that are missing key parts of data?

I wanted to post something and ask my friends on Google+ what they thought about Realtors who post listings that are supposedly investor properties, but the amount of rents or the number of units appear to be missing. Investors are a funny breed, some like to look at cash flow as their basis, others look at MAO=ARV*.7-repairs, where MAO is the maximum allowable offer = after repair value * .7 (realtor costs, time value of money, what ifs) minus repairs. Then there are some looking for the CAP rate on the property, this is simply found taking the rents divided by the sale price.

Now if you are trying to sell an investor property and you know it is investor property because its a duplex or quad-plex or has 6 buildings each with a duplex inside, you would think that showing the details on the number of bedrooms, the number of baths, the amount of rent would all be important. My fellow Realtors, get off your lazy butts and figure this out, why do I have to call you out? (I wish Realtor.com allowed me to put a question mark or highlight next to each listing in the MLS).

I want to sell your properties, I have a cash buyer from South Florida and he wants to buy properties. Don't make this hard, make it easier on us all. Add the rents for the property, if there are no renters, find out the rents using rentometer dot com. This is NOT rocket science. Ask property managers in the area. Find out from other investors the criteria they use, as investors like to buy with confidence, and for pete's sake (sorry Pete), know what the heck you are talking about! My investor asked the listing Realtor questions about how to access the attics in the 6 properties, she said she had no idea. She did not know which buildings' AC units are using R-410 as refrigerant. Basic stuff about the property, there are sooooooooooooooooo many bad Realtors out here in the world. We need to get rid of many of them.

Till then, fill out the Investment properties so the other Realtors who want to sell property can do so without having to look around for data in an hunt. Easter is still months away, no need to repeat the Easter Egg hunt yet.

#LizBobeck