Michael Cash…, Home Buyer in New York, NY

How can you rent without a broker?

Asked by Michael Cashel, New York, NY Sun Sep 15, 2013

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Answers

13
Tim Moore’s answer
By going to the owner directly from their newspaper or Craig's list ad. A Realtor is not going to charge you and they will haul you all over and show you rentals, so why would you want to do it without one?
1 vote Thank Flag Link Sun Sep 15, 2013
You are nor from New York and do not understand how brokers work here. A broker will charge a fee.
Flag Sun Sep 15, 2013
Make sure you have great work history, great credit, and enough money to strangle seabiscuit. Then buy yourself the Sunday Times and check the management companies that allow you to go direct. Easy, right?
1 vote Thank Flag Link Sun Sep 15, 2013
Sure you can rent without a broker, now would you be the tenant or the landlord because if your the landlord why wouldn't you use a realtor. As a landlord a realtor probably would be your best bet since they have the resources and they do all the leg work and credit checks and best it doesn't cost you anything. Now as tenant I can see you not using a realtor since the burden of cost is on you so if your the tenant your best bet is to use the classifieds as well as the internet.



Thanks Felix
1 vote Thank Flag Link Sun Sep 15, 2013
If you don't want to use an agent, try checking local print media for by owner rentals, always verify ownership before exchanging any money; word of mouth, etc.
1 vote Thank Flag Link Sun Sep 15, 2013
You would have to go directly to a building and talk to management. Depending on the building, they might not have on site management and the apartments are listed thru brokers.

You would hire a broker to find exactly what you are looking for so that you aren't running all over the city seeing things that you know you wouldn't like. One wouldn't necessarily have the time search for available apartments and look at them with a full day of work so it's easier to hire a broker. And you never if you are dealing with a real person or a scammer on Craigslist especially if there is no phone number. It's definitely better to use a broker knowing that you will actually have an apartment as opposed to getting scammed out of a few months rent and no apartment.

You may be able to find an apartment where the owner may help with the broker fee but that really depends on what you are looking for.

If you do decide to use a broker, send me an email akilahw@nestseekers.com or call me 646-243-4516 to discuss your rental further.

Best,
Akilah Williams
NestSeekers International
1 vote Thank Flag Link Sun Sep 15, 2013
Hi Michael,
You can always go online to Rent.com and list your property for rent but what about 1) Credit check 2) Screening 3) Application 4) Letting a stranger into your home? Agents take a lot of flack for pursuing that commission, but agents really do have the hook up (meaning they are well connected)!
0 votes Thank Flag Link Sun Feb 9, 2014
Michael, one disadvantage of trying to cut out the broker is that you are generally also cutting out a large majority of the listings that are for rent since most individually owned units and some buildings are listed with a broker and even if you dont use your own broker, the listing broker is also paid by the tenant. That leaves you looking for listings that are posted by landlords and without broker representation (so there'll be a lot that you will be screening out of your search). In addition, you;ll be doing all this research and legwork yourself, as well as handling all the negotiations for yourself, makin sure you're getting all the disclosures you're entitled to, etc. The broker fee is real money, for sure, but in this city where time is money and real estate is a complicated business, its usually well-spent unless you've got time to burn.
0 votes Thank Flag Link Mon Jan 27, 2014
Good luck with that...if you decide you need a good agent, call bill...917 412 6248 😊
0 votes Thank Flag Link Mon Sep 16, 2013
You are better off web searching management companies and finding one that has a portfolio closest to what your looking for. If your lucky youll find a few large companies with a wide range of apartments in the area you are looking in. If you are still in need of an apartment after that feel free to give me a call, I'd love to help you on your search.

All the best,

Alajuwon J Aleem
Douglas Elliman Real Estate
aaleem@elliman.com (646) 915-5979
http://www.elliman.com/alaa
0 votes Thank Flag Link Sun Sep 15, 2013
If you are asking about a particular rental which is already listed by a broker, then you may be out of luck.

If you are asking in general, then the best place to start would be looking in he free online ad places along with local pennysavers, newspapers, etc...

Good Luck
0 votes Thank Flag Link Sun Sep 15, 2013
You can try Craigslist.com and search under for rent by owner or go directly to a building rental office.

Chris
0 votes Thank Flag Link Sun Sep 15, 2013
Go to some of the For Rent By Owner web sites:
http://www.vrbo.com
http://www.forrentbyowner.com
http://www.craigslist.com
frbo.com
http://www.forleasebyowner.com
your local newspaper

Tammy Hayes, Realtor
Re/Max Palm Realty
tammyhayesre@gmail.com
http://www.tammyhayes.remax-florida.com/remaxflorida
0 votes Thank Flag Link Sun Sep 15, 2013
How can your employer do business without you?
0 votes Thank Flag Link Sun Sep 15, 2013
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