Hi Investor-2011, thanks for your questions!
Hope I can provide some additional help:
1. A broker fee is charged by real estate brokerages as their fee for apartments. In a strong rental market, as we see now, typically the tenant is responsible for paying this fee. This can be negotiated. Typically it is one month's rent.
2. You are better off with a company that has a presence such as yes, weichert, re/max, coldwell banker etc, because you will get more exposure to your listing therefore increasing your chances of finding a tenant quickly and at the best terms.
3. Same answer as number one.
4. All of the brokerages I mention work largely in the downtown Jersey City area and Paulus Hook and can create a listing to be present on the MLS - which you will want for most exposure..
5. Since those three do a majority of the business, you'll want to secure a relationship with an agent you are comfortable with, and aside from that, have them outline for you exactly what their services include. For example, when we list a rental, we will add you to the MLS thereby increasing visibility to you at no charge, ensure that prospective tenants have their credit run, references supplied and proof of employment provided, and prepare and provide you with a lease contract agreement between you and the tenant.
If you are considering hiring a management company then you will want to call around for rates and a list of services. Most of my own investors that are landlords, as someone else mentioned here, do not hire management companies for their one unit. Condo's are typically low maintenance, and larger issues are covered by associations.
Feel free to ask any more questions.
Hope this helps!