Monday, 25 October 2021

Can a real estate professional help you find a place to rent?

You might be surprised, but yes.  A real estate professional can show you any rental property or unit listed in the local MLS® system and help to write an offer to lease it and typically get paid by the landlord via the listing brokerage, just like when someone is buying a home.  I actually helped a family member with one of these recently.

The main limitation is that the majority of MLS® listings are for sale, not for rent.  So our selection might be somewhat limited, compared to properties advertised directly by landlords. 

And landlords who are leasing the property themselves are also significantly less inclined to pay any commission than someone selling, so if you want a professional's help on one of these, you might have to pay your agent's commission yourself.  A typical commission is half a month's rent.

Many real estate agents don't actively pursue rental business, and some simply refuse it, because the work involved is the same as a property sale (if not more sometimes) for significantly less money.  It sounds cold, but it's true. 

Personally, I'm willing to work with rental clients, so if you know someone who's looking to rent, I'd be happy to have a conversation with them and show them anything that might be suitable within the MLS® listing inventory as a starting point. 

There might not be anything available that fits, but you never know... there just might be something there for them.

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