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Old 08-13-2011, 11:32 AM
 
Location: Oakland, CA
2,599 posts, read 3,542,786 times
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What's weird is that usually real estate agents are paid for by the LL. I had no idea until this thread that renters are often times the payees. Who knew? lol

I always help people with rentals for free (on both sides, and will continue to do so.) One day those renters will buy a place and one day those landlords will sell a place. It's in those moments I hope they remember my name. Certainly, the renters do. Quite a few of my clients were ex-renters that I found a rental/neighborhood for them.
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Old 08-15-2011, 02:25 PM
 
70 posts, read 96,032 times
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Here's one question I have about all of the above - if realtors aren't the norm, then how come most of the apartment listings I see on CL are posted by realty companies? (And it's not like I'm looking at super high end places - I'm looking in Russian Hill/Pac Heights/Marina in the under $3K range).
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Old 08-15-2011, 02:45 PM
 
666 posts, read 772,102 times
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Quote:
Originally Posted by rascal-c View Post
Here's one question I have about all of the above - if realtors aren't the norm, then how come most of the apartment listings I see on CL are posted by realty companies? (And it's not like I'm looking at super high end places - I'm looking in Russian Hill/Pac Heights/Marina in the under $3K range).
It's not uncommon for realty companies in SF to be rental listing agents too. But the renter doesn't pay for the realtor services ..the LL pays for the listing and/or tenant showing, do open houses, selection services. Property management companies offer the same services. Could be out of town LL, or just LL who would rather someone else handle the showings, screening etc.

I personally don't think it's worth the cost for a "relocation expert" in SF. It's nothing I couldn't do for myself for free. (I found my apartment in SF in one weekend, without a car, using padmapper & craigslist).

In NYC, they have "brokers" who would have "exclusive" listings, takes renters around to see places...like what realtors does for buying a home. The renter would pay a percentage of first year rent to the "broker". It's the accepted "norm" there. No one (well maybe the brokers do) likes it, but they know what they are getting into.
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Old 08-15-2011, 03:07 PM
 
Location: South Korea
5,245 posts, read 6,941,718 times
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Yeah that's when a landlord hires a realty company to do all the work involved in renting out the place--meeting tenants, vetting them, collecting rent, etc. Also there are some big corporate property companies like Citiapartments that are a big company that owns a lot of property and rents them out. In any case the tenant won't have to pay a fee to get a place, SF isn't THAT competitive yet, but you wonder if we won't get to that point in a few years.
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