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Reply to "How proactive should a renters agent be?"
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[quote=Anonymous]I'm an agent who has done rentals. They suck. They aren't worth it because it ends up being so little money. You get a client. You show them 5-7 places, they find a place for around $2000 a month. The listing agent usually keeps 65% of the commission, so 35% of $2000 is $700, which I then have to split with my broker. So I get about $475 to spend a couple days showing places with a tenant, doing the lease, application, running checks around town for all of it, dealing with a non-responsive listing agent. It's not fun. It's definitely more than a few hours work. More like 7 hours. Not worth it. And that's why I don't do rentals or only do them if someone really begs me. It's not just the money, it's the opportunity cost of what I could have been doing with my day - even if that means spending it with my kids. Much more valuable to me then the $250 I'll have post-taxes and expenses.[/quote]
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