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Old 02-02-2009, 09:32 AM
 
Location: Central New Jersey
238 posts, read 658,295 times
Reputation: 90

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I am lucky if I am paid over $200 but people need a place to live and I try to help them![/quote]


I have a rental now that is more towards the high side (thank goodness) but I agree with you because I too have a humanitarian side. I love helping a first time buyer find a home because they just beam with pride and joy when they close and I like feeling that I played a part in that.

The flip side is it goes against our real estate training moto "DON'T SPEND TIME ON THINGS THAT DON'T GENERATE INCOME".
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Old 02-02-2009, 10:41 AM
 
Location: Central Texas
16,498 posts, read 22,967,292 times
Reputation: 12793
I don't handle the landlord side (yet), but I've handled leases for quite a few tenants. Normally, the co-op offered is 40-50% of the first month's rent. And I earn it - a LOT depends on the competence of the listing agent.

It doesn't pay as well as leasing, but I love finding just the right rental for a client, and it pays off in good will, as well, which is priceless.
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Old 02-03-2009, 09:14 PM
 
Location: Orlando FL
1,052 posts, read 2,779,508 times
Reputation: 390
I don't do leasing myself, but from what I've gathered, here in Orlando the leasing agent charges 50% of the first months rent as a rental fee if the landlord is also using them to manage the property. A full month's rent if only handling the renting side. Few rentals here get into the MLS, but the one's that do get in offer a split that ranges from $100-$200 bucks (the usual) to a half month of the rent. Needless to say, an agent specializing in tenant representation would go broke VERY quickly around here.
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Old 02-03-2009, 09:56 PM
 
Location: Palm Coast, Fl
2,248 posts, read 5,907,099 times
Reputation: 969
In my area it depends on who the management company is and many do not 'share' their rental listings with anyone. And if you don't sign a management agreement with them, they don't work with you.
I offer finding a tenant for one month's rent fee. If you come into the management program, then it is 1/2 month's fee plus 10% per month for management. If you're in management I offer out $175 to other agents. If you're not, then I offer out roughly 1/2 a month's rent.
And yes, that is much higher than most do here. Generally they will offer out $50 to $100 to another agent regardless of the rent that is being collected.

Edit: By the way, Bentlebee doesn't dislike Realtorsģ, just has a little more knowledge and time on his hands to handle his own stuff than the general public. Sometimes he finds it difficult to relate to those who don't take an active interest or have the ability to do what he does....why spend the money when you don't have to, kind of thing. No reason to be rude.
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Old 02-04-2009, 05:51 AM
 
Location: Raleigh, NC
998 posts, read 3,485,200 times
Reputation: 602
As others already posted, for an agent to find a tenant we normally get paid anywhere from $50.00- $200. Plus I think there is a waiting period for 30 days after the tenant moves in that you (agent) gets paid. It also depends on your commission split with the company you hang your license with at what you'll get from that amount. However I believe it is typical if you are the listing agent for the landlord, you normally get one month's rent for your services (but I have never listed one, but that is what I understand).
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Old 05-07-2013, 09:34 PM
 
1 posts, read 906 times
Reputation: 10
Default It's not as easy as you think

I took a listing for a rental for a friend. Believe me, it is not an easy pay check. I took high quality pics, as I would on any listing. Taking great pics took a few hours of my time, because pictures speak volumes and I have great picture apps on my Ipad. I spent hours prepping the unit (getting a c/o, mileage to/fro to show, time spent posting the rental). When I break it down, I have paid to rent the place. I found the landlord an excellent tenant at no cost to the landlord. (The tenant paid the commission). The tenant's agent ran the credit, got the paystub, etc. I don't understand why a landlord would not use a real estate agent. I had the place rented in seven days, at $100 more than the landlord thought he could get, and the landlord did not pay a dime. I call that a good deal.
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Old 05-08-2013, 08:55 PM
 
Location: Tampa, fl
109 posts, read 149,558 times
Reputation: 73
I help rental clients on occasion. The commission paid IF the clients signs a lease they pay between $75 up to 20% of the first months rent. And yes, the broker takes their split out of that commission. I've spent a lot of time with little return except in the case of getting referrals down the road.
Most property management companies here have very, very strict guidelines to whom they will rent and if the client doesn't want to or can't pay double or triple deposits they sometimes end up in an apartment and I get nothing...
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Old 01-15-2014, 10:11 PM
 
1 posts, read 537 times
Reputation: 10
In Florida, do I still pay commission if the tenants decided to renew the lease another year?
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Old 01-15-2014, 11:28 PM
 
Location: Ocala, FL
2,164 posts, read 2,136,061 times
Reputation: 1614
Quote:
Originally Posted by Sushido View Post
In Florida, do I still pay commission if the tenants decided to renew the lease another year?
Not normally, but that is negotiated with the property manager. There is no clear-cut answer that fits all situations.
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Old 01-21-2014, 03:24 PM
 
500 posts, read 316,987 times
Reputation: 492
San Antonio agent here. The rental commissions are pretty pitiful, ranging anywhere from $100 to $350, being standard. You do have some properties that will give you up to 40% of a months rent, but thats big money for bringing a tenant to the table in our market. Renters will also want to see multiple homes. Once you hit the 4 showing mark, you are actually losing money in time and gas.

I try to shy away from renters when the market is hot, and I have active buyer's to work with (I am strictly a buyer's agent), however, I always try to convert them into buyers. The issue of course with this is that if they were financially able to purchase a house, they would have usually done so by now. So you get caught trying to get someone into a 580 FHA program.
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