Hiring an experienced Real Estate Agent can streamline almost every step of the leasing process. These professionals are well-versed in marketing properties to suitable tenants, handling interactions with potential renters, showcasing properties, and presenting written offers from competing applicants. The cost of hiring a leasing agent can be justified by the extensive services they provide.
Landlords understand the potential issues that can arise from bad tenants, which is why they are meticulous in selecting renters who meet their expectations and are a good fit for the property. Generally, tenants who work with real estate agents tend to be more responsible and serious about their rental commitments. By contacting realtors for tenant placement, landlords can be confident they are finding the best possible tenants.
Benefits of the MLS Network
The Multiple Listing Service (MLS) caters to more residential home and condo rentals than any other network. A real estate leasing agent has extensive knowledge and experience in market values compared to most landlords. Working with a real estate agent offers several key benefits, including effective marketing strategies. Agents are familiar with the local market, the types of residents in the area, and how to highlight the appealing features of a property to prospective renters. They also have a thorough understanding of local rent prices, ensuring the property is competitively priced.
How Real Estate Agents Get Paid
Real estate agents are typically paid one month’s rent plus HST for finding a suitable tenant for a one-year residential lease. Leasing commissions are usually shared equally with co-operating agents who introduce prospects to the property. Considering the time and effort required to find an acceptable tenant, the commission amount is relatively low. Experienced leasing agents are highly knowledgeable about qualifying processes and come prepared with the necessary documentation for the landlord’s review. They ensure they work with well-qualified tenants, which leads to high success rates for all parties involved.
Flexible Services for Landlords
Landlords can opt to lease their properties independently or with partial assistance from a real estate agent. If a landlord prefers to manage most of the rental process but needs help with specific tasks such as listing the property on MLS, AllDeals.ca can provide tailored support. This allows landlords to save money by participating in the process and choosing the leasing services they need.
By selecting a real estate agent for these key aspects of the rental process, landlords can ensure their properties are marketed effectively, attract quality tenants, and streamline the overall leasing experience.