1. A Realtor is familiar with the current market rentals and can assist the Landlord to conclude the best/highest price for his property.
2. A Realtor places the rental in the market at no initial cost to the Landlord (using superior marketing resources) which otherwise can spend hundreds of dollars in advertising.
3. A Realtor may already have in hand a number of qualified prospects for the rental therefore saving the Landlord time and money.
4. A Realtor can prevent that the Landlord is taken advantaged of by Tenants who often wish to negotiate and/or modified the terms and conditions originally established by the Landlord.
5. A Realtor handles the entire process of the rental on behalf of the Landlord from advertising, showing of the property, tenant screening, drawing of the lease to collecting the initial funds to move in.
First of all a realtor has access to the MLS system and can market the property to all realtors within the area. Also the realtor has more access to marketing material and the right connections (if you happen to pick a good realtor) to market your property and to make sure it gets rented
The realtor will get all the phone calls, will show the property and will get all the questions during the negotiation process. With other words there will be less hassle for the landlord.
2. Higher Prices
3. A great agent will keep the Landlord up to date on rental and sale values to help him/her make educated business investment decisions at all times.
If you were the owner of a Rolls Royce, Bentley, Ferrari, Maseratti, Porsche etc ... would you give it to Walmart to Rent Out or would you give it to Sotheby's for example? Real Estate is a value item not a flea market commodity, is it?
If you need anything further please feel free to call me during normal business hours at the contact info in our website link below
Alissa Spears. Assc Broker
Lynn Johnson Realty, Inc
From the application information supplied by the potential tenant, a Realtor can make an educated determination on references, credit worthiness, employment and income verification.
Once all of that is determined and the tenant has been qualified, forms such as Lease agreement, Tenant Lead Law, and Apartment Condition Statement to name a few are then filled out.
There are several forms that the landlord might not have access to or fill our properly.