Wholesaling Real Estate | Lockbox Tips For Wholesaling & Selling

Wholesaling Real Estate | Lockbox Tips For Wholesaling & Selling


– Hey everyone, Lex over here, and I got a quick tip
for you about lockboxes. All right, so, this is a new thing. I actually heard about it
first in my Mastermind. This is a company called Rently and they got these awesome lockboxes which cost around $30 a month per lockbox, but what they do is they
work with your smartphone. So you can go and you
can put signs like this on your properties and then, people can download an
app on their smartphone and get access to your property. The beautiful thing about it is, now you know who’s
accessing your property. So, on a regular lockbox, you can’t tell when you give a code out if somebody accesses it or not. On Supra, you can tell, if
you have a Supra lockbox but the problem with
Supras is you can only give it to realtors. So if you’re a listing agent and you have a property that’s located not too close to you and you want to show the property to someone, then using one of these
Rently lockboxes enables you to set up an appointment
where instead of having a buyer’s agent go to the property, you can talk directly to a buyer and have them go to the property and you can represent
the buyer and the seller. So instead of picking up three percent, you can pick up six percent. So, on let’s say a $150,000 house, it’s an extra $4500 for
a $30 a month lockbox. It’s also got a lot of
other useful features. Let’s say you want to sell
a property, rent to own, you can put one of these on. You screen people. They have to download the app. They have to put a credit card in. So, when you’re giving them
access to your property, you have their info. You know who they are. They can’t steal anything. Compare that to the
old-fashioned system of putting lockboxes and
giving a four digit code where anybody could access it, anyone can share it
with anyone else, right? So, this is a lot more
secure for your properties and it also works really
well with your rentals. That’s why it’s called Rently because if you’re a landlord
or a property manager, you’ve got a lot of properties out there, this is a lifesaver. I highly recommend it. Check it out and you can
find out more on their site at Rently.com.

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