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

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A W

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 from reading, Massachusetts

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...



A W

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 from Baltimore, Maryland

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 from Irving, Texas

Mar 29 '11, 07:43 AM
1 vote


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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