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Rent-to-Own & Lease Options

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Akshay Kenjale
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List my condo on MLS

Akshay Kenjale
Posted Sep 5 2023, 03:33

I am trying list my condo for rent on MLS and other rental apartments websites. Can you guys let me know if there is a agent who can list the condo on MLS.

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Don Konipol#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
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Don Konipol#1 Innovative Strategies Contributor
  • Lender
  • The Woodlands, TX
Replied Sep 16 2023, 06:34

The are 5,828 real estate agents that belong to the greater Detroit MLS. What exactly is the problem?

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Replied Sep 17 2023, 05:06

@Akshay Kenjale your profile is pretty blank, so no idea of what experience you have.

So, forced to GUESS that you plan to DIY manage your condo once you have a tenant?

If so, then there are a few thousand agents that can list your condo for rent. You have two challenges though:

1) Selecting an agent that knows the local market your condo is in, which may affect how long it's on the market.

2) Determining who will screen rental applicants. The challenge here is if you should let the agent screen the applicants. We don't recommend that approach, as the agent has a conflict of interest - they get paid when they approve an applicant, but their commission is NOT tied to their approved tenant's actual performance. So, they could approve anyone to get their commission. 

If you're not familiar with screening applicants, and avoiding Fair Housing violations, you may want to educate yourself quickly or hire a Property Management Company.