How Realtors Can Help You Find Renters

A Realtor helps tenants find suitable property to rent. How much an agent will do for you will depend on their service agreement and the amount you're willing to pay for the service. Landlords can use our service and find tenants easily.

Realtor Fees

Realtors can charge fees for their services. In some situations, the landlord pays for an agent to help them find a tenant. On the other hand, if the renter hires an agent, they may be responsible for paying the fee.

These fees can equal one month's rent or a percentage of the annual rent, it’s wise to ask the Realtor how they calculate their fee and who is responsible for paying it. Doing so helps avoid misunderstandings and ensures a mutually beneficial working relationship.

Pro tip: While you can negotiate the commission fee, it’s helpful to research the average commission rates in your area so you know what you’re getting into.

Landlords:

Real estate agents play a vital role in facilitating rental transactions, acting as intermediaries between landlords and tenants to ensure a smooth and successful process. From marketing rental properties to screening tenants and negotiating lease agreements, real estate agents perform a wide range of duties to meet the needs of both parties involved. Let’s explore the key duties of a real estate agent in terms of rent.

Property Marketing One of the primary duties of a real estate agent in rental transactions is marketing rental properties effectively. This involves creating compelling property listings with detailed descriptions, high-quality photos, and virtual tours to attract potential tenants. Real estate agents leverage various marketing channels, including online platforms, social media, and local advertising, to reach a wide audience of prospective renters.
Tenant Screening. Once inquiries start pouring in, real estate agents are responsible for screening potential tenants to ensure they meet the landlord’s criteria. This process typically involves conducting background checks, verifying employment and income, and checking references. By thoroughly screening tenants, real estate agents help landlords identify qualified renters who are likely to pay rent on time and take good care of the property.
Property Showings. Real estate agents coordinate property showings with interested tenants, providing tours of the rental property and answering any questions they may have. During these showings, agents highlight the property’s features and amenities, address concerns, and help tenants envision themselves living in the space. By offering personalized attention and guidance, real estate agents facilitate the decision-making process for prospective renters.
Lease Negotiation. Once a suitable tenant has been identified, real estate agents assist in negotiating the terms of the lease agreement on behalf of the landlord. This includes discussing rent amounts, lease duration, security deposits, and any additional terms or conditions. Real estate agents leverage their negotiation skills and market knowledge to ensure that the lease agreement is fair and favorable for their client while also meeting the needs of the tenant.
Legal Compliance. Real estate agents ensure that all rental transactions comply with local, state, and federal laws and regulations governing landlord-tenant relationships. This includes adhering to fair housing laws, disclosing relevant information about the property, and following proper procedures for lease agreements and security deposits. Real estate agents stay updated on changes in rental laws and regulations to protect their clients from potential legal issues.
Ongoing Support. Even after the lease agreement is signed, real estate agents continue to provide support to both landlords and tenants throughout the rental period. They serve as a point of contact for maintenance requests, address any issues or concerns that arise, and facilitate communication between parties. Real estate agents strive to maintain positive relationships with both landlords and tenants to ensure a harmonious and successful rental experience for all involved.