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Dołączył: 2016-01-09

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Typical Rental Commission

Typical Rental Commission

I am looking to get into some rental listings in Tampa,FL... This is pretty new for me. Is the commission based on the dollar amount of the total lease? What is a typical %? Paid by seller? At what point?

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answer

If your MLS includes Rentals, what do they offer? Simply taking a look there would give you an idea of "what" is "typical" in your area.

Commissions may be paid by either the Landlord OR the Tenant . . . . it depends upon what kind of market it is and the extent to which either party is willing to pay you for something they cannot . . . . or will not, do for themselves. In my market, there isn't a need for rental Agents . . . . Landlords merely put a 3" X 5" card on a bulletin board in a supermarket or a Laundromat and they're flooded with calls. And Tenants usually don't have any money to pay our Fees. Only rarely do I get involved . . . . sometimes when we have a Multi-Unit for sale and want to keep the occupancy at 100%.

From what I gather, One Month's Rent (usually the 1st) is about normal most places, but I'm sure that also varies depending on what services an Agent is prepared to perform in order to earn that Commission . . . . introductions, Credit Check; Criminal Background Check; Collections, maintenance of the Security Deposits et cetera.

Market conditions and local custom will actually determine "who" pays.

In answer to "when" the Fee should be paid, the best answer is (usually) ASAP.