America's Largest Social Network for Default Real Estate Professionals
ResNet membership does generate some business for me, so it is worth it -- but barely. After subtracting from commissions earned not only the cost of ResNet membership but also the additional overhead costs, it often comes out not much above break even. Property assignments through ResNet usually come from outsource companies, not from banks directly. Consequently, the outsourced asset management company (AMC) takes 1% or 2% from the listing commission. That hurts! Outsource AMCs seem more likely to reject offers for less than list (i.e., almost all offers) thus lengthening the DOM and increasing my overhead costs. Furthermore, many of these AMCs are difficult and slow when it comes to reimbursement for rekeys, utilities, lawn care, property preservation, etc. Their procedures and demands are detailed, time consuming and difficult. My billing clerk tries to convince me that AMCs intentionally make it complicated and then repeatedly reject invoices we submit in hopes that we will give up and "eat" the costs ourselves.