Do you think being a leasing agent is all about driving fancy cars and showing luxurious properties to clients? Think again. While it may seem like an exciting job, the truth is that it is far from easy. Like any other job, being a leasing agent comes with its own set of challenges, and it's not for everyone.
If you are considering a career in real estate or are already working as a leasing agent, this article is for you. We have put together a comprehensive guide that delves into what are the worst things about being a leasing agent that you need to know before taking up this profession.
So, without further ado, let's get started.
## What are the Worst Things About Being a Leasing Agent? ##
1. Long, Unpredictable Hours
Being a leasing agent is not your typical 9 to 5 job. You will have to work long hours, sometimes even on weekends and holidays. As a leasing agent, you are expected to be available when your clients need you. This means that you may have to work evenings, weekends, and even holidays. Additionally, the hours can be unpredictable, and you may have to cancel plans at the last minute to attend to a client.
2. Dealing with Difficult Clients
Dealing with clients can be challenging, and it can be even more so when you are a leasing agent. You will encounter all kinds of clients, from the friendly and cooperative ones to the demanding and difficult ones. You will have to work with clients who have unrealistic expectations, refuse to listen to your advice, or are just plain rude. It takes patience and a thick skin to deal with difficult clients without losing your cool.
3. High Pressure and Stressful Environment
The real estate industry is highly competitive, and leasing agents are under constant pressure to close deals. There are often tight deadlines to meet, and clients can be demanding. This can create a stressful environment that can take a toll on your mental health. You need to have strong coping mechanisms to handle the pressure and maintain your mental well-being.
4. Commission-Based Income
As a leasing agent, your income is based on commission. This means that you don't earn a fixed salary, and your income can be unpredictable. You may have a great month where you close multiple deals and earn a significant commission, but there may be months where you don't close any deals and earn nothing. This can be stressful, especially if you have bills to pay and depend on a steady income.
5. Inadequate Training
Leasing agents are often thrown into the job without adequate training. This can make it difficult to learn the ropes and get a handle on the job. As a result, you may make mistakes that can cost you clients and deals. Additionally, the lack of training can also make it difficult to keep up with the constantly changing real estate market.
6. Administrative Tasks
Being a leasing agent is not just about showing properties and closing deals. There is also a lot of administrative work involved, such as drafting contracts, preparing paperwork, and keeping track of finances. This can be time-consuming and tedious, and it can take away from the time you could be spending with clients or closing deals.
7. Security
Safety concerns are a serious issue that cannot be ignored. Leasing agents often have to work alone, showing properties to strangers. This can be a safety concern, especially for female leasing agents. There have been instances of leasing agents being assaulted or robbed while showing properties. As a result, leasing agents need to be vigilant and take steps to ensure their safety.
Fortunately, there are ways to stay safe on the job. First and foremost, always let someone know where you are and who you will be meeting. Consider using a buddy system where you always show properties with a colleague or friend. Another option is to use a mobile app that allows you to check-in with someone when you arrive at a property and check-out when you leave.
In addition, leasing agents should always trust their instincts. If something doesn't feel right, it's better to be safe than sorry. Leasing agents should also be aware of their surroundings and avoid showing properties in high-crime areas, particularly at night.
Despite the challenges and safety concerns, being a leasing agent can be a rewarding career. With hard work and dedication, leasing agents can excel in this field and enjoy the many benefits that come with it.
Now that we have gone through what are the worst things about being a leasing agent, you may be wondering if it's worth pursuing this career. While it may not be easy, being a leasing agent can be a rewarding job that offers a great sense of satisfaction.
If you have a passion for real estate, enjoy working with people, and can handle the challenges that come with the job, being a leasing agent can be a fulfilling career. The key is to be prepared, stay positive, and keep learning.
To get started in your career as a leasing agent or to learn more about the job, reach out to Bryan Spann with Texas United Realty. With his years of experience in the industry, he can provide you with valuable insights and tips to help you succeed as a leasing agent. You can reach Bryan Spann at bryans@sysine.com.
Remember, while being a leasing agent may not be easy, it can be a fulfilling career that offers great opportunities for growth and success. With the right mindset, training, and support, you can excel in this field and achieve your goals.