10-03-2007, 01:06 PM
4 posts, read
106,254 times
Reputation: 16
Sorry if this has been asked already. If I lease a house working with a real estate agent, who pays the agent's commission, renter or landlord? Any idea how much it is?
10-03-2007, 01:23 PM
Location: Austin 'burbs
3,225 posts, read
14,058,896 times
Reputation: 783
The landlord/property management company pays it ONLY IF they state they will do so. Most will, but some won't - so make sure your agent gets it writing, or added to the lease.
I think when we first moved here, and leased initially - our agent got pennies. Maybe $300 or give or take.
10-03-2007, 01:24 PM
Location: SW Austin & Wimberley
6,333 posts, read
18,049,590 times
Reputation: 5532
If you work with a Realtor, or a locator company, who finds listings for you through the MLS, a leasing commission will be paid by the listing agent. It generally won't cost you anything out of pocket.
There's a lot more to it than that, but in most instances, you pay nothing.
Steve
10-03-2007, 01:29 PM
Location: SW Austin & Wimberley
6,333 posts, read
18,049,590 times
Reputation: 5532
Quote:
I think when we first moved here, and leased initially - our agent got pennies. Maybe $300 or give or take.
Most MLS listings offer 30% of the monthly rent amount to the leasing agent, who then has to split it with their Broker. It's a very unprofitable activity for agents, but many do it when getting started in the business or to "fill the cracks" when they are slow.
The biggest reason an agent does leasing though is to establish a relationship with you with the hope that you'll buy a house in a year or two using them as your Buyer Agent. So, it's somewhat of a "loss leader" activity.
I do know one full time leasing Realtor who has made a living doing it for over 10 years in Austin, but she mostly lists properties for lease and doesn't drive people around anymore.
10-03-2007, 01:31 PM
Location: Austin 'burbs
3,225 posts, read
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Reputation: 783
Yeah, she wasn't doing it to make money, for sure. She has known my sister forever, so it was just to help us out. It was way more hassle to her than it was worth (bad property manager/realtor that she had to deal with).
10-03-2007, 01:37 PM
4 posts, read
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Reputation: 16
Quote:
Originally Posted by
austin-steve
Most MLS listings offer 30% of the monthly rent amount to the leasing agent, who then has to split it with their Broker. It's a very unprofitable activity for agents, but many do it when getting started in the business or to "fill the cracks" when they are slow.
The biggest reason an agent does leasing though is to establish a relationship with you with the hope that you'll buy a house in a year or two using them as your Buyer Agent. So, it's somewhat of a "loss leader" activity.
I do know one full time leasing Realtor who has made a living doing it for over 10 years in Austin, but she mostly lists properties for lease and doesn't drive people around anymore.
Thanks a lot austin-steve, great and to-the-point reply!
02-11-2009, 11:36 AM
Location: Austin
2 posts, read
26,204 times
Reputation: 11
Is it normal to pay a Broker - leasing agent 6% of the total term of the lease for them leasing out 2 spots in a small 2 story commercial building that I own, and I am 1 of the 3 tenants? That seems a little high as I only paid 5% when I sold my house 2 years ago and we are in a recession. Also is it normal to have to pay this fee in full at the time the new tenant signs the contract? I have not signed the contract yet however notice there is a section under the part 1 of the Brokers Fee that is left blank, assuming if you agree to something other than a percentage, such as 1 month rent goes to broker. Any input from anyone is sincerely appreciated as I am new at the Landlord title as my late husband use to handle it and this is the first time in 6 years I have had to worry about the tenant vacancy and leasing issue. Thank you in advance.
02-11-2009, 11:41 AM
Location: Central Texas
20,958 posts, read
45,383,992 times
Reputation: 24740
The listing agent gets a commission. They then split that with the tenants' agent, if the tenant has one. It's based on the rent, of course, not on a sales price, and is either a portion of the first month's rent (in some cases 100%) if the agent only rents the property out, or, if the agent is also managing the property, a large portion of the first month's rent plus a small portion of each month's rent (for fielding the 2 a.m. emergency calls and getting repairs done, having make-ready done when someone moves out, checking for damage when someone moves out, handling the deposit and return of it legally, etc.).
When we were using a property management company for our rental property (I was not yet an agent then and we live 40 miles from the city it's in), they charged 8% of the monthly rent, they were reasonable, and it was well worth it. They also charged about 60% of the first month's rent.
However, it was not paid up front. It was paid at the time of receipt (that is, they received the rent for us and forwarded us our 92%).
Last edited by TexasHorseLady; 02-11-2009 at 11:42 AM ..
Reason: Left out sentence
02-26-2009, 08:42 AM
Location: Austin
2 posts, read
26,204 times
Reputation: 11
Thank you so much for the reply. I manage the property myself and have since my late husband passed away 5 years ago. I just need help with negotiating the renewal lease and now a new lease once we rent it out to a new tenant.
Just found yesterday that the downstairs tenant, beauty shop owner, moved all her stuff out as she had until the 28th to vacate, but unfortunately she also took the 3 built in shampoo bowls and 3 custom wall cabinets that were above each shampoo bowl. These fixtures were mounted to the wall and physically attached to the property and the lease states that it is the property of the Landlord. These items were here when the previous beauty shop tenant started the beauty shop in 1995 and the existing tenant rented it out in 2003. Even if she upgraded or altered the premises it is still the property of the Landlord. The lease states this. I had the realtor send her a certified letter stating that we are aware of the missing items and per the lease, she is in default unless she puts them back prior to the 28th.
Otherwise I have the right to deduct the costs of replacing and the labor to install them from her deposit.
I do have a question if you know this, the Commercial vinyl tile flooring in the beauty shop definetly has probably 40 or so tiles that need replacing. She has been in the shop for 6 years and I know had a water heater bust and flooded, which I believe is what caused damage to some of the tiles, which I will have to replace prior to a new tenant leasing. Prior to her starting a lease 6 years ago, it was only vacant 30 days, and during that 30 days my late husband had to replace 45 of the tiles, have the floors stripped and waxed as the prior tenant did not maintain it or clean it properly and he deducted this from her rent. Before this tenant moved out she mentioned to the Real Estate agent that some of the tiles were loose but they were like that when she moved in. I do not believe that for a second as I found his paid invoices and a box of tiles has 50 and he only used 45 and paid the costs of having someone install them. I know Rick also repaired holes from nails in the wall and repainted the place, plus replaced 45 tiles and stripped and waxed the floors and only deducted $390 from her deposit, which was very low. Would not make sense that he would leave the floor unfinished for the new tenant, plus she never said anything about the floor on either of her 3 lease agreements.
Will she have an argument once I deduct these costs from her deposit after all she has done? I hope not.
Thank you again
Jenny
02-26-2009, 12:05 PM
10,130 posts, read
19,872,387 times
Reputation: 5815
Quote:
Originally Posted by
Jennykitty
Will she have an argument once I deduct these costs from her deposit after all she has done? I hope not.
Thank you again
Jenny
I've been a landlord for a while, and I highly doubt you will have any trouble with deducting these non-typical wear and tear items from her deposit. Given that she removed fixed items that were not hers, she is likely not expecting any deposit back.
Just itemize what you are deducting as best you can, keep receipts and document. Did she fill in a move-in condition form?
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Place of birth - Born in state of residence (%)
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Place of birth - Native, outside of US (%)
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Housing units in structures - 1, detached (%)
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Housing units in structures - Mobile home (%)
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House/condo owner moved in on average (years ago)
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Means of transportation to work - Drove car alone (%)
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People in Group quarters - Transient quarters for temporary residents (%)
People in Group quarters - Military ships (%)
People in Group quarters - Group homes (%)
People in Group quarters - Homes or halfway houses for drug/alcohol abuse (%)
People in Group quarters - Homes for the mentally ill (%)
People in Group quarters - Homes for the mentally retarded (%)
People in Group quarters - Homes for the physically handicapped (%)
People in Group quarters - Other group homes (%)
People in Group quarters - Religious group quarters (%)
People in Group quarters - Dormitories (%)
People in Group quarters - Agriculture workers' dormitories on farms (%)
People in Group quarters - Job Corps and vocational training facilities (%)
People in Group quarters - Other workers' dormitories (%)
People in Group quarters - Crews of maritime vessels (%)
People in Group quarters - Other nonhousehold living situations (%)
People in Group quarters - Other noninstitutional group quarters (%)
Residents speaking English at home (%)
Residents speaking English at home - Born in the United States (%)
Residents speaking English at home - Native, born elsewhere (%)
Residents speaking English at home - Foreign born (%)
Residents speaking Spanish at home (%)
Residents speaking Spanish at home - Born in the United States (%)
Residents speaking Spanish at home - Native, born elsewhere (%)
Residents speaking Spanish at home - Foreign born (%)
Residents speaking other language at home (%)
Residents speaking other language at home - Born in the United States (%)
Residents speaking other language at home - Native, born elsewhere (%)
Residents speaking other language at home - Foreign born (%)
Class of Workers - Employee of private company (%)
Class of Workers - Self-employed in own incorporated business (%)
Class of Workers - Private not-for-profit wage and salary workers (%)
Class of Workers - Local government workers (%)
Class of Workers - State government workers (%)
Class of Workers - Federal government workers (%)
Class of Workers - Self-employed workers in own not incorporated business and Unpaid family workers (%)
House heating fuel used in houses and condos - Utility gas (%)
House heating fuel used in houses and condos - Bottled, tank, or LP gas (%)
House heating fuel used in houses and condos - Electricity (%)
House heating fuel used in houses and condos - Fuel oil, kerosene, etc. (%)
House heating fuel used in houses and condos - Coal or coke (%)
House heating fuel used in houses and condos - Wood (%)
House heating fuel used in houses and condos - Solar energy (%)
House heating fuel used in houses and condos - Other fuel (%)
House heating fuel used in houses and condos - No fuel used (%)
House heating fuel used in apartments - Utility gas (%)
House heating fuel used in apartments - Bottled, tank, or LP gas (%)
House heating fuel used in apartments - Electricity (%)
House heating fuel used in apartments - Fuel oil, kerosene, etc. (%)
House heating fuel used in apartments - Coal or coke (%)
House heating fuel used in apartments - Wood (%)
House heating fuel used in apartments - Solar energy (%)
House heating fuel used in apartments - Other fuel (%)
House heating fuel used in apartments - No fuel used (%)
Armed forces status - In Armed Forces (%)
Armed forces status - Civilian (%)
Armed forces status - Civilian - Veteran (%)
Armed forces status - Civilian - Nonveteran (%)
Fatal accidents locations in years 2005-2021
Fatal accidents locations in 2005
Fatal accidents locations in 2006
Fatal accidents locations in 2007
Fatal accidents locations in 2008
Fatal accidents locations in 2009
Fatal accidents locations in 2010
Fatal accidents locations in 2011
Fatal accidents locations in 2012
Fatal accidents locations in 2013
Fatal accidents locations in 2014
Fatal accidents locations in 2015
Fatal accidents locations in 2016
Fatal accidents locations in 2017
Fatal accidents locations in 2018
Fatal accidents locations in 2019
Fatal accidents locations in 2020
Fatal accidents locations in 2021
Alcohol use - People drinking some alcohol every month (%)
Alcohol use - People not drinking at all (%)
Alcohol use - Average days/month drinking alcohol
Alcohol use - Average drinks/week
Alcohol use - Average days/year people drink much
Audiometry - Average condition of hearing (%)
Audiometry - People that can hear a whisper from across a quiet room (%)
Audiometry - People that can hear normal voice from across a quiet room (%)
Audiometry - Ears ringing, roaring, buzzing (%)
Audiometry - Had a job exposure to loud noise (%)
Audiometry - Had off-work exposure to loud noise (%)
Blood Pressure & Cholesterol - Has high blood pressure (%)
Blood Pressure & Cholesterol - Checking blood pressure at home (%)
Blood Pressure & Cholesterol - Frequently checking blood cholesterol (%)
Blood Pressure & Cholesterol - Has high cholesterol level (%)
Consumer Behavior - Money monthly spent on food at supermarket/grocery store
Consumer Behavior - Money monthly spent on food at other stores
Consumer Behavior - Money monthly spent on eating out
Consumer Behavior - Money monthly spent on carryout/delivered foods
Consumer Behavior - Income spent on food at supermarket/grocery store (%)
Consumer Behavior - Income spent on food at other stores (%)
Consumer Behavior - Income spent on eating out (%)
Consumer Behavior - Income spent on carryout/delivered foods (%)
Current Health Status - General health condition (%)
Current Health Status - Blood donors (%)
Current Health Status - Has blood ever tested for HIV virus (%)
Current Health Status - Left-handed people (%)
Dermatology - People using sunscreen (%)
Diabetes - Diabetics (%)
Diabetes - Had a blood test for high blood sugar (%)
Diabetes - People taking insulin (%)
Diet Behavior & Nutrition - Diet health (%)
Diet Behavior & Nutrition - Milk product consumption (# of products/month)
Diet Behavior & Nutrition - Meals not home prepared (#/week)
Diet Behavior & Nutrition - Meals from fast food or pizza place (#/week)
Diet Behavior & Nutrition - Ready-to-eat foods (#/month)
Diet Behavior & Nutrition - Frozen meals/pizza (#/month)
Drug Use - People that ever used marijuana or hashish (%)
Drug Use - Ever used hard drugs (%)
Drug Use - Ever used any form of cocaine (%)
Drug Use - Ever used heroin (%)
Drug Use - Ever used methamphetamine (%)
Health Insurance - People covered by health insurance (%)
Kidney Conditions-Urology - Avg. # of times urinating at night
Medical Conditions - People with asthma (%)
Medical Conditions - People with anemia (%)
Medical Conditions - People with psoriasis (%)
Medical Conditions - People with overweight (%)
Medical Conditions - Elderly people having difficulties in thinking or remembering (%)
Medical Conditions - People who ever received blood transfusion (%)
Medical Conditions - People having trouble seeing even with glass/contacts (%)
Medical Conditions - People with arthritis (%)
Medical Conditions - People with gout (%)
Medical Conditions - People with congestive heart failure (%)
Medical Conditions - People with coronary heart disease (%)
Medical Conditions - People with angina pectoris (%)
Medical Conditions - People who ever had heart attack (%)
Medical Conditions - People who ever had stroke (%)
Medical Conditions - People with emphysema (%)
Medical Conditions - People with thyroid problem (%)
Medical Conditions - People with chronic bronchitis (%)
Medical Conditions - People with any liver condition (%)
Medical Conditions - People who ever had cancer or malignancy (%)
Mental Health - People who have little interest in doing things (%)
Mental Health - People feeling down, depressed, or hopeless (%)
Mental Health - People who have trouble sleeping or sleeping too much (%)
Mental Health - People feeling tired or having little energy (%)
Mental Health - People with poor appetite or overeating (%)
Mental Health - People feeling bad about themself (%)
Mental Health - People who have trouble concentrating on things (%)
Mental Health - People moving or speaking slowly or too fast (%)
Mental Health - People having thoughts they would be better off dead (%)
Oral Health - Average years since last visit a dentist
Oral Health - People embarrassed because of mouth (%)
Oral Health - People with gum disease (%)
Oral Health - General health of teeth and gums (%)
Oral Health - Average days a week using dental floss/device
Oral Health - Average days a week using mouthwash for dental problem
Oral Health - Average number of teeth
Pesticide Use - Households using pesticides to control insects (%)
Pesticide Use - Households using pesticides to kill weeds (%)
Physical Activity - People doing vigorous-intensity work activities (%)
Physical Activity - People doing moderate-intensity work activities (%)
Physical Activity - People walking or bicycling (%)
Physical Activity - People doing vigorous-intensity recreational activities (%)
Physical Activity - People doing moderate-intensity recreational activities (%)
Physical Activity - Average hours a day doing sedentary activities
Physical Activity - Average hours a day watching TV or videos
Physical Activity - Average hours a day using computer
Physical Functioning - People having limitations keeping them from working (%)
Physical Functioning - People limited in amount of work they can do (%)
Physical Functioning - People that need special equipment to walk (%)
Physical Functioning - People experiencing confusion/memory problems (%)
Physical Functioning - People requiring special healthcare equipment (%)
Prescription Medications - Average number of prescription medicines taking
Preventive Aspirin Use - Adults 40+ taking low-dose aspirin (%)
Reproductive Health - Vaginal deliveries (%)
Reproductive Health - Cesarean deliveries (%)
Reproductive Health - Deliveries resulted in a live birth (%)
Reproductive Health - Pregnancies resulted in a delivery (%)
Reproductive Health - Women breastfeeding newborns (%)
Reproductive Health - Women that had a hysterectomy (%)
Reproductive Health - Women that had both ovaries removed (%)
Reproductive Health - Women that have ever taken birth control pills (%)
Reproductive Health - Women taking birth control pills (%)
Reproductive Health - Women that have ever used Depo-Provera or injectables (%)
Reproductive Health - Women that have ever used female hormones (%)
Sexual Behavior - People 18+ that ever had sex (vaginal, anal, or oral) (%)
Sexual Behavior - Males 18+ that ever had vaginal sex with a woman (%)
Sexual Behavior - Males 18+ that ever performed oral sex on a woman (%)
Sexual Behavior - Males 18+ that ever had anal sex with a woman (%)
Sexual Behavior - Males 18+ that ever had any sex with a man (%)
Sexual Behavior - Females 18+ that ever had vaginal sex with a man (%)
Sexual Behavior - Females 18+ that ever performed oral sex on a man (%)
Sexual Behavior - Females 18+ that ever had anal sex with a man (%)
Sexual Behavior - Females 18+ that ever had any kind of sex with a woman (%)
Sexual Behavior - Average age people first had sex
Sexual Behavior - Average number of female sex partners in lifetime (males 18+)
Sexual Behavior - Average number of female vaginal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a woman (18+)
Sexual Behavior - Average number of woman performed oral sex on in lifetime (18+)
Sexual Behavior - Average number of male sex partners in lifetime (males 18+)
Sexual Behavior - Average number of male anal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a man (18+)
Sexual Behavior - Average number of male oral sex partners in lifetime (18+)
Sexual Behavior - People using protection when performing oral sex (%)
Sexual Behavior - Average number of times people have vaginal or anal sex a year
Sexual Behavior - People having sex without condom (%)
Sexual Behavior - Average number of male sex partners in lifetime (females 18+)
Sexual Behavior - Average number of male vaginal sex partners in lifetime (females 18+)
Sexual Behavior - Average number of female sex partners in lifetime (females 18+)
Sexual Behavior - Circumcised males 18+ (%)
Sleep Disorders - Average hours sleeping at night
Sleep Disorders - People that has trouble sleeping (%)
Smoking-Cigarette Use - People smoking cigarettes (%)
Taste & Smell - People 40+ having problems with smell (%)
Taste & Smell - People 40+ having problems with taste (%)
Taste & Smell - People 40+ that ever had wisdom teeth removed (%)
Taste & Smell - People 40+ that ever had tonsils teeth removed (%)
Taste & Smell - People 40+ that ever had a loss of consciousness because of a head injury (%)
Taste & Smell - People 40+ that ever had a broken nose or other serious injury to face or skull (%)
Taste & Smell - People 40+ that ever had two or more sinus infections (%)
Weight - Average height (inches)
Weight - Average weight (pounds)
Weight - Average BMI
Weight - People that are obese (%)
Weight - People that ever were obese (%)
Weight - People trying to lose weight (%)