I am about to close on my first condo. I am thinking of hiring a realtor to get the unit rented out. Few realtors I spoke to are charging 1 month rent. What services should they offer as part of renting out. some I was thinking of. Anything else I should look for ?
Also, few are asking to sign exclusive contract to market. I see that there are few apartments available on rent in the community. I am thinking of reaching out some agents who are already marketing apartments in that community.
1. Do credit check
2. Background check
3. Prepare the lease agreement
4. Fill forms needed to be filled by state
5. Show the property
Typically what strategies do agents apply to rent out faster with get a good renter.
I am about to close on my first condo. I am thinking of hiring a realtor to get the unit rented out. Few realtors I spoke to are charging 1 month rent. What services should they offer as part of renting out. some I was thinking of. Anything else I should look for ?
Also, few are asking to sign exclusive contract to market. I see that there are few apartments available on rent in the community. I am thinking of reaching out some agents who are already marketing apartments in that community.
1. Do credit check
2. Background check
3. Prepare the lease agreement
4. Fill forms needed to be filled by state
5. Show the property
Typically what strategies do agents apply to rent out faster with get a good renter.
You want to reach out to brokerages that do property management. Just google property management companies in your area and those are the ones who's agents you want to work with.
Only property managers with broker license and special liability insurances and special credential can fill that role. Equal housing laws has virtually put these realtors in a grey area. You need to read fine lines as most expect you be liable legally to protect them in the event of housing, discrimination lawsuits. You also need to determine from HOA if your complex can rent out. They do contracts under your direction.