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Forums » Rental Property Questions & Landlording Issues » Flat Rate MLS (list on MLS by youself) for rental?

Flat Rate MLS (list on MLS by youself) for rental? Subscribe to Flat Rate MLS (list on MLS by youself) for rental?

5 posts by 4 users

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A W


Forum_avatar_avatar-sbbi

Mar 27 '11, 10:06 AM

Hi,

We want to rent our house in Ballantyne area.. To gain more exposure, we want to list the rental on MLS. I searched online, it seems that I can do Flat Rate MLS listing, like this one:
http://www.carolinarentalexpress.com/goflatrate.htm
I understand they would charge a flat fee of $95 to do the listing for me and I would not need to pay any other commissions.

Could anyone share his/her experiences on this?

Thank you!

BTW I heard that I will need to pay the tenant's agent's commission which is normally 10 or 20% of the 1st month rent? Will I be the one who determines the percentage?


B G

Real Estate Investor · reading, Massachusetts


Forum_avatar_avatar-mfd18

Pro

Mar 27 '11, 12:16 PM

I've listed entry only listings many times...I sell all my houses this way...I have also listed a few of my rentals this way but have had better success on craigslist and the newspapers...

B G, Robten Realty LLC
Bob Granara Robten Realty LLC Rgranara@comcast.net 781 526-7836


A W


Forum_avatar_avatar-sbbi

Mar 27 '11, 12:24 PM

Originally posted by B G
I've listed entry only listings many times...I sell all my houses this way...I have also listed a few of my rentals this way but have had better success on craigslist and the newspapers...

Which online service did you use to list your rental on MLS? how much commission do you normally give tenant's agency?

Thanks!


George P.

Real Estate Investor · Baltimore, Maryland


Forum_avatar_avatar-sniper

Mar 27 '11, 10:24 PM

If you ask for $1500 rent, I doubt any agent will want to waste their time for possible $150. 50% of 1 month rent is more realistic.


Angie Menegay

Real Estate Broker · Irving, Texas


Forum_avatar_avatar-amenegay

Mar 29 '11, 07:43 AM

Hi,
You're the one who will determine how much to pay the tenant's agent. When you sign up for the flat MLS listing service, they should send you a standard state form with a load of questions, one of which should be how much you want to pay the other party's agent.
And I agree with George - 35%-50% of first month's rent is typical. Otherwise, no agents would want to spend time showing your property.
Angie




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