Agent2Agent in Woodbridge>Question Details

Kim Hahn,  in Woodbridge, VA

I am leasing agent that works directly for the owner and have been making 4% of the total lease. The owner

Asked by Kim Hahn, Woodbridge, VA Fri May 2, 2008

is concerned that I am beng paid too much. I have read a lot that illustrates that is the low end of %'s. Any thouhgts or comments? Thanks!

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Kim,

He is getting a deal! My co. runs a property management and we charge 10% and with the headaches I see going on in the leasing dept. I think that's to low. Just my opinion though. Hope everything works out well for you.
0 votes Thank Flag Link Fri May 2, 2008
As Cindy said, commissions of any sort should not be discussed. You're barking up the "antitrust tree" and asking for trouble.
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1 vote Thank Flag Link Fri May 2, 2008
Kim-perhaps you should talk to your broker regarding your fees. You fail to mention whether this is a commercial property or a residental property which would have different fee structures. Commissions are not a subject that we should discuss as they are negotatied between an agent and their client whether it is a sale or a lease.
1 vote Thank Flag Link Fri May 2, 2008
I always ask 10% unless, they have a bulk number of properties. 10% is nothing to an owner if you are really taking care of the properties, and placing great tenants.
0 votes Thank Flag Link Sat May 3, 2008
Tell him if hires a professional property management company, he would be paying 6-10%
0 votes Thank Flag Link Fri May 2, 2008
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