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Old 04-05-2013, 01:47 PM
 
6 posts, read 9,358 times
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We are in the process of putting our home up for rental and invited a leasing realtor to come and give us a quote as to what they think our home would lease for. We are OK with the lease price they recommended but questioning the 1 month's fee to lease our home. I always thought this was negotiable but not 100% sure.

Any advice?
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Old 04-05-2013, 02:16 PM
 
122 posts, read 425,528 times
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Quote:
Originally Posted by davekothi View Post
We are in the process of putting our home up for rental and invited a leasing realtor to come and give us a quote as to what they think our home would lease for. We are OK with the lease price they recommended but questioning the 1 month's fee to lease our home. I always thought this was negotiable but not 100% sure.

Any advice?

One month is standard. You can try to negotiate, but good luck with that. In the end, it's not a ton of money for the realtor. 50% of that goes to the listing agent and 50% to the buyer's agent. And then the listing/buying agent need to give some part of that commission back to their broken. So unless it's a high-end home,there's really not a lot of money in the transaction for any one person.
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Old 04-05-2013, 03:26 PM
 
Location: DFW - Coppell / Las Colinas
29,926 posts, read 34,535,636 times
Reputation: 35921
Leasing is a PITA and that 1% is normal. Use Craigs list or a sign in the yard and do it yourself.

Half the fee goes to the agent that brings you the tenant and there is not much money in working leases.
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Old 04-05-2013, 04:36 PM
 
11,672 posts, read 21,240,989 times
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Confirming the above. I am a landlord and have always paid the 1 mos rent to my agent, who splits with renter's agent (if there is one). If my unit were not in a high rise, I would put a sign in the yard and do it myself. IF you do it yourself, make sure you have a way to run their credit check. This is something my realtor does and it saves me a lot of heartache knowing my tenant has cash in the bank, steady job, track record of on-time payments.
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Old 04-06-2013, 01:20 AM
 
Location: Dallas/Fort Worth, Texas
4,128 posts, read 13,163,170 times
Reputation: 2527
It really depends on the rent amount and the area the home is in. If you expect that it would rent fast, you can negotiate that rate. It is true that there is little money made by the Realtors, but there is less work involved in the marketing as well.

Naima
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Old 04-06-2013, 07:50 AM
 
6 posts, read 9,358 times
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Thanks all for your reply. The homes in our HOA are leasing and selling in under 2 weeks! Really hot market for whatever it's worth....that said, the leasing agent wants to lease it for $3200 p/m.
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Old 04-06-2013, 08:04 AM
 
Location: Denver, Dallas, Denver, Dallas
30 posts, read 53,017 times
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1 month fee seems to be the standard. But there is nothing preventing negotiation with the realtor.
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Old 04-06-2013, 12:52 PM
 
2 posts, read 2,323 times
Reputation: 10
Where is it?
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Old 04-06-2013, 07:09 PM
 
27,461 posts, read 44,959,956 times
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if homes in your neighborhood are SELLING within 2 weeks why would you want to lease it unless you are moving back to Dallas in near future...
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Old 04-07-2013, 07:55 AM
 
6 posts, read 9,358 times
Reputation: 13
We live in North/East Plano. I'm leasing the home as I don't need to sell it to buy another home so it will be a good investment property for us. We're planning on moving closer to Addison....around Tollway and Frankford area which is in Dallas but still within the Plano ISD.
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