An experienced Real Estate Agent can handle almost every step of the leasing process. They are well informed about the process of marketing properties to suitable tenants. This includes interacting with tenants, exhibiting properties, and presenting written offers from competing tenants. The price of the leasing agent’s services may just make sense.
Landlords are aware of the trouble bad tenants can cause, so they are careful to choose tenants who meet their expectations and are a good fit for the property. In general, tenants who work with real estate agents for their rental tend to be more responsible and serious than those who do not. When landlords contact Realtors for tenants for their rented properties, they can be confident they are finding the best potential tenants.
The MLS caters to more residential home and condo rentals than any other network. A real estate leasing agent has a great deal more knowledge and experience in the field of market value than most landlords.
Marketing is just one key benefit when working with a real estate agent on rentals. They know what is available in the area and the types of residents who live there. They will be able to identify what makes your unit appealing to prospective renters and how effectively to communicate those features. Realtors have knowledge of rent prices in the area, which helps in figuring out the appropriate rent rate to be both competitive and among rentals in the neighbourhood.
It is well known that Real Estate Agents are paid one month’s rent + HST if they find a suitable tenant for a 1 year Residential Lease. Leasing commissions are usually shared equally with co-operating agents when prospects are introduced to the property by them.
When you consider how much time and effort it takes to find a suitable and accepted tenant, the Commission amount is quite low. However, experienced Leasing Real Estate Agents that do this often are highly experienced, well informed about qualifying processes, and ready with pertinent documentation necessary for the Landlord’s review. These agents always ensure they work with well qualified tenants to ensure a high success rate for all parties.
Landlords you can lease it yourself. If you are a Landlord that wishes to hire a Real Estate Agent to simply help with a part of the Rental process such as placing the property on MLS – thereby handling all the remaining process yourself – we can help you with that as well.
Landlords, you can participate in the process and save money in the process. Simply pick and choose the Leasing Services – services and procedures that can be done by a non-real estate agent.
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Phone: 416-289-2890
Toll Free: 1-877-307-8411
Email: support@torontorealestaterealty.com
Owning a home is a keystone of wealth… both financial affluence and emotional security.