Luther Ragsdale - Tips to Succeed as a Millennial Real Estate Agent

It is true that millennials often have a reputation for being low-commitment people, not wanting to follow the norm, but it is also true that they can overcome these stereotypes and lead a lucrative business, such as real estate. If you are a millennial real estate agent, here are some tips offered by real estate coach Luther Ragsdale that you should take into account if you want your business to grow and achieve success within the market.

Use old school marketing methods

The result of growing alongside technology is that you are likely to be a professional at using social media and the latest software to establish valuable connections and expand your network. However, as real estate guru Luther Ragsdale points out, this is not enough to grow your business. Traditional marketing techniques remain an essential part of real estate success, and those include: mailing cards, attending and speaking at real estate events, and inevitably meeting many people face to face.

You must remember that it is one thing to create an online relationship and another, very different, to build that relationship in face-to-face meetings where you really know potential customers and establish a relationship of trust.

Build your personal confidence

If you don't feel comfortable promoting yourself and promoting your business outside of social media, then do what you need to do to develop that trust. Options available include hiring a coach, making calls, and practice videos. Any activity is good, try to find a way that suits you, the important thing is to start taking actions, as each one will help you grow positively.

After starting with those strategies you will realize that potential customers actually want to hear what you are going to say. Be present and soon you will find yourself receiving more calls from people who want to hire you as their real estate agent.

Work hard (not optional)

If you really want to be successful in the real estate industry, you can't just rely on technology, make a few calls, and hand out business cards. In other words, doing what everyone does is not a guarantee. Instead, Luther Ragsdale recommends focusing on creating a brand with which you develop long-term relationships, because this business is not just about achieving a transaction, but getting references and being specific about to the market you want to reach and all that requires work.

Find out how to reach your target audience, how to interact with these people effectively, build credibility, make their needs a priority, and provide top-notch service. All this will make you choose yourself as a professional and recommend you with your friends or family.

All of the above implies being well informed about your local market, reaching the right people at the right time and facing daily challenges to achieve your goals.

Being a successful millennial in today's real estate world is possible. Don't let your age get in the way of growing a successful real estate business. Combine your best technology skills with proven, traditional marketing techniques, invest in building your confidence and personal brand, and work hard. Your real estate business will grow and your age will not be an impediment.

Multifamily Assets Class and Its Future

We all know that nowadays innovation is instrumental to growth and success in every field, and this is particularly true for the real estate sector which is currently one of the most competitive ones. In order to ensure that his work will bear fruits, Luther Ragsdale, a real estate agent and coach located in Atlanta, Georgia, equipped himself with the knowledge to make informed investment decisions. In this article, Ragsdale, who has his own real estate agency, provides an overview with the essential information of multifamily asset development. In doing so he will point the main demand drivers and conclude with the factors that make the multifamily real estate a widely held and strategic real estate asset class.

The multifamily real estate sector currently accounts for the second -largest share of institutional investors' real estate holdings, with approximately 25% of the U.S commercial real estate stock. For a long time, multifamily was considered as a strictly residential asset, but over the last few years, things have changed to a degree that multifamily has become one of the four primary commercial real estate asset classes. This asset class spans a wide spectrum of residential properties. In general, the real estate industry classifies multifamily properties as Class A, B or C, depending on important factors like quality, age, location, rent, and amenities, among others. Mr. Ragsdale, with his team of real estate agents, has been working with multifamily assets for a long time now, which has helped him achieved outstanding performance.

One way of analyzing the multifamily demand drivers in the United States is by considering that households are mostly made of either owners or renters. Ragsdale reports that according to the latest statistics from the U.S. Census Bureau, homeownership stands at 62.9%, which is the lowest level the last 25 years. That means that there are around 117.4 million households in total. Population growth is one of the biggest drivers. As the population grows, so does the number of households. Multifamily assets may be the solution to the growing problem of metropolitan overcrowding. For Luther , this could also be one of the reasons why it becomes so popular in recent time.

Multifamily and mixed-use developments have many merits, like residents having access to living facilities, as well as facilities for working and playing. As an expert with global expertise spanning more than 15 years, Ragsdale is convinced that the one things that make multifamily real estate so appealing, is the obvious fact that it offers convenience which usually can't be found in the gated stand-alone condominiums.

Multifamily assets in key urban areas can stimulate the growth of the local economy by bringing business activities. This could create a more dynamic business environment and thus provide more employment opportunities. As Ragsdale writes in his blog posts on Bigger Pockets, the economic benefits of it are yet to be felt, but he is strongly convinced that in the years to come, this will cause a more dynamic and less centralized economic landscape, and the whole thing is, in fact, a matter of time.

All You Need to Know About The New Real Estate Tax

Tax payment is not required for property owned by the local government and religious buildings in which are to be performed religious rites

All municipalities and cities in Georgia began to prepare for the introduction of a unified real estate tax, which will be from next year instead of paying municipal fees, taxes on houses and levies. According to the last census, Georgia has a large housing stock - 2.2 million flats and houses which will be subject to taxation. The law, which was adopted at the end of last year laid down a series of criteria by which to pay taxes, but the government says that for the vast majority of citizens tax liability will be the same or less than the existing benefits.