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Bron, Home Buyer in Wellfleet, MA

Does it pay to list seasonal rentals with a RE company rather than a site specifically for rentals?

Asked by Bron, Wellfleet, MA Mon Nov 10, 2008

We're mostly interested in the financial aspect here- 13-16% (house should average $2000 a week in season) vs. $600 a year to list ourselves with a couple of the bigger sites. It seems like there should be no question, yet people do it. Is it simply a matter of convenience or is it really that much more likely that one would be booked for the season much earlier?
Thanks!

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3
Bron,

This depends on the location.....we do know from a personal perspective that Cape Cod owners use both specific rental companies and real estate companies to take care of their seasonal rental needs.

We will be looking for a 4 bedroom, July or August. Would be happy to consider yours, if large enough and the right location for small children.

Good luck
The "Eckler Team"
0 votes Thank Flag Link Sat Nov 15, 2008
You say you are mostly interested in the financial aspect, which I can understand, but really you should be asking yourself if you are willing to take on everything that rentals involve. It isn't easy and it is very time consuming. If you are willing to commit the time and effort, I have had many clients who have done it successfully by themselves. Believe it or not those sites are pretty successful in attracting plenty of renters for you to fill the season, but filling the season will depend on how on target you are with your price. Also, don't forget to have the right forms for the renters! Many houses down in East Orleans are older than 1978; if that is the case with yours, you will have to do a lead paint disclosure.
There are a couple of good sites to do on your own, if you want a list of them let me know.

Fees may differ from RE company to RE company so if you go that route, shop around and obviously pay attention to the quality of each rental department.

Good Luck,
Will Raye
0 votes Thank Flag Link Sat Nov 15, 2008
Hi Bron,

Listing a seasonal rentals with a real estate agency definitely has its advantage. Real Estate Agents have networks (such as MRMLS in California) and connections that other channels do not have. In addition, you should interview with several different agencies before you decide whom you are going to list the rentals. Interview them for the services they can provide you with, and sometimes you might be surprised to find out the numerous marketing channels Real Estate Professionals have.

Please feel free to let us know if you have any questions.

Regards,
Jonathan
0 votes Thank Flag Link Mon Nov 10, 2008
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