Home
Log in / Sign Up
    Private Messages   Advanced Search   Rules   New User Guide   FAQ   Advertise   Contact Us  
Forum -> Inquiries & Offers -> Moving/ Relocating
Pros and cons of using an agent for rentals



Post new topic   Reply to topic View latest: 24h 48h 72h

amother
OP


 

Post Sun, Jul 11 2021, 10:29 pm
What are good reasons to go through an agent when looking for a rental- or reasons to go directly through an owner?
Back to top

amother
Brickred


 

Post Sun, Jul 11 2021, 10:38 pm
Con they charge 1-2 months rent, this is in addition to security deposit and the first month's rent to the landlord. They have a very official process, lots of paperwork. I have never found it worth it. Owners are more personal and will look up references but won't drive you too crazy to produce all sorts of paperwork. Also agents sometimes convince owners to raise the price above the normal range.
Back to top

ra_mom




 
 
    
 

Post Sun, Jul 11 2021, 10:41 pm
I believe it is now against the law in NY for a rental agent to charge extra to the tenant. The owners pay the agent these days.
Back to top

amother
Ginger


 

Post Sun, Jul 11 2021, 10:47 pm
I never use an agent. So not worth it.. they usually charge a month and a half (or just one, or two) for a fee and you are the one who pays it. What bothers me is there have been so many houses that I’ve looked at where the owners are using an agent to rent out, but the tenant pays the agent. I don’t need to spend 7k on an agent who didn’t even do anything for me. And usually they don’t do that much to begin with. Especially in this day in age, it’s so easy to go out and find something on your own without needing an agent
Back to top

out-of-towner




 
 
    
 

Post Sun, Jul 11 2021, 10:54 pm
ra_mom wrote:
I believe it is now against the law in NY for a rental agent to charge extra to the tenant. The owners pay the agent these days.


I had to arrange for payment of a brokers fee for my client (from the renter to the broker) within the last month. Apartment building in one of the five boroughs.
Back to top

amother
Ginger


 

Post Sun, Jul 11 2021, 10:59 pm
ra_mom wrote:
I believe it is now against the law in NY for a rental agent to charge extra to the tenant. The owners pay the agent these days.


This was a very brief law from 2019 that was only in effect for about 4 days before the courts halted it. It was reversed officially in 2020. Most owners who hire agents to list their houses still require the tenant to pay the fees
Back to top
Page 1 of 1 Recent Topics




Post new topic   Reply to topic    Forum -> Inquiries & Offers -> Moving/ Relocating

Related Topics Replies Last Post
Tomato dip using grape tomatoes
by acemom
4 Yesterday at 8:39 pm View last post
How do I deal w tenant above using washer/dryer at 1:30 am?
by amother
117 Mon, Mar 25 2024, 1:26 pm View last post
Lace top without using a band? 3 Fri, Mar 22 2024, 12:05 pm View last post
Dessert recipes using only natural sweetners 4 Mon, Mar 18 2024, 6:28 pm View last post
Using instant soup instead of ramen in salad
by amother
15 Tue, Mar 12 2024, 7:12 pm View last post