Fair Tenant Placement Rental Leasing Commission Structure
I have rentals in both CA and GA. The commission structure is very different and I think the CA structure is more fair to the landlord. What are your thoughts?
CA - 2.5% listing agent, 2.5% tenant agent (if tenant uses one) of lease term, max 1 year fee. If tenant doesn't use an agent and goes direct, I pay my listing agent 4%.
Typical SFR example. $4500/month x 12 month lease. $1350 to listing agent, $1350 to tenant agent (total $2700). If tenant doesn't use an agent, total to listing agent is $2160.
GA - 100% of first month's rent. Doesn't matter if tenant uses agent or goes direct. Listing agent pays 20% to tenant agent if one is involved.
Typical SFR example. $2500/month. $2500 fee to listing agent. Period.