(Closed) Real estate agent for renting?

posted 7 years ago in Home
Post # 3
Member
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

Real estate agents representing rentals pisses me off (I live in Boston, and they charge an arm and a leg to go through an agent).

I live in a place where it is mad easy to get an apartment on Craigslist, but I can imagine that houses are much harder to come by as rentals on both Craigslist and in general. If you really can’t find what you want, then yes, go the agent route. Just be prepared to pay a whole month’s rent as a fee to the real estate agent. It’s such a rip off, especially if you are only staying for a year (apartments here are really expensive – think $1500+ for a one bedroom. If you go through an agent it can cost 4 months rent to get into a new place between security deposit, agent fee, first and last month’s rent. UGH!).

Depending on what the market is like where you are, you may be able to negotiate to have the landlord pay half or all of the agent fee. Sometimes filling a property is more profitable than not having to pay the fee for them.

Post # 4
Member
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

double post!

Post # 5
Member
2695 posts
Sugar bee
  • Wedding: October 2015

I’m in the same boat. I’m not moving out of state, but it’s two hours away and I found a few things on Craigslist, but the one that I responded to ended up being a scam so I’m wary to keep looking.

I saw that there are rental agents, but I don’t really know how that works or even how to get a hold of one (I called and no one answered).

Sorry I’m not much help, but please let me know if you figure something out!

Post # 6
Member
1137 posts
Bumble bee
  • Wedding: September 2010

In my area, rental agents charge the landlord 1 month’s rent as a “finders fee”. When I’m renting my properties and I get a call from one, I tell them to take a hike. My properties are in a sought-after area, and I have no problem renting them on my own, so I have no reason to pay a realtor to “bring” me renters.

I would suggest looking up houses for sale in that area and contacting the sellers to see if they would be interested in renting the property out for a year. A lot of sellers would be interested because as long as you cover their mortgage, they get to take their house off the market for a year and hopefully it will be a better seller’s market next year.

Post # 7
Member
1137 posts
Bumble bee
  • Wedding: September 2010

Double Post 🙁

Post # 9
Member
492 posts
Helper bee
  • Wedding: July 2011

We used an agent – we rented a gorgeous townhouse owned by a married couple (as opposed to a company).  They chose to list it through an agency on the MLS service…and they paid the agent’s fee which was one month’s rent.  We wouldn’t have gotten to look at it without the agent, and it gave us piece of mind to know that we were going through professional entities who would look out for our interests.  We also looked at apartment and townhouse communities which are rented by a “leasing office” – for properities run by management companies, I wouldn’t use an agent.

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