"Good Morning -I have clients that want to rent in our area before purchasing a home. Would you be willing to show these potential renters properties and if so, do you offer any referral fee if they sign a lease? Thank you." A NEWBIE Agent
I had to read this twice as I thought it was a joke. She won't research what rental properties are available for her clients and put them in her car and show them rental homes BUT she expects to sell them a home when they are ready? She won't provide basic real estate services to her clients but she will sell them a home? She expects ME to put them in my car and show them rentals and if they rent one of my properties, I give HER $? She expects these people to buy a home from her after she ABANDONS them for this basic real estate service?
Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.
Central Virginia
LandlordWhisperer
View our available Charlottesville, Albemarle and Lake Monticello rental homes online with photos and floor plans
"...to be a Virginian, either by Birth, Marriage, Adoption, or even on one's Mother's side, is an Introduction to any State in the Union, a Passport to any Foreign Country, and a Benediction from the Almighty God...." Anonymous
People just try to get money any way that they can. I'm not in property management. But how much of a referral fee does one pay for tenants?
Melissa * I no longer list my rentals in our local MLS so she got my name from her clients who found one of my properties online OR she found me online. I pay $250 if the agent brings me applicants who sign a lease. The agent has to come get a property key from my office, show the property and collect the move-in monies from the applicants.
My offer for compensation would be included in any MLS listing - if the property is not listed in MLS - then I don't have to offer them anything.
I can get tenants all by myself!!
That's pretty bad...Maybe they assume you are more competent to get them a rental and in the meantime, they will get more experience and get more competent to sell them a home in a year?
It occurred with me recently also. The agent of a very well known and highly respectable firm called wanting her client to see the land we have listed..... Oh, by the way she says... can someone do a walk-through with him? Do you mean ME??? It happens.
Diane * Realtors who put themselves into the box of NOT providing full services to their clients soon find they have NO CLIENTS!!!
Are these agents sloppy because they have a 9 to 5 jobs?
Wallace,
We do share a co-op fee with agents that bring us tenants, as we list all of them in our FMLS. I have changed it say one amount if they show the property, a lesser amount if I show it. I'm happy to pay any agents out showing, as I know there is a good amount of work involved. If they want me to show it, I am happy to as well, but they get less.
We do not do a referral if someone sends us potential leasing homeowners. Just an FYI!
All the best, Michelle
I do the other way round * I pay $250 for property referral and I'll pay a $250 of the agent SECURES a tenant meaning show, get paperwork and move-in monies.
I don't list properties in MLS as it is a third venue and does not transpose well for public viewing - my website and CL work!
I see that you have a few things going as a property manager that not to many other companies offer. I thank you for that because as a up and coming manager I am always looking to learn new and better ways to systems in place and I think that you have gotten the hang of this
Wallace,
Interesting. That makes sense for the referral for the property. I always do the leasing paperwork write-up and just have them get signatures and checks. I think you do the same, but I might have read that wrong.
Now, do you mind if I ask what CL is? Customer Leads?
Thanks, Michelle
Craigslist
Terrell * practice, practice, practice * To paraphrase CHER * I've been an evil fricking property manager for 45 fricking years!!!