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Asked by Sau Wei Yeung, San Francisco, CA Thu Oct 24, 2013

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Answers

12
John Walin, Agent, Libertyville, IL
Sun Oct 27, 2013
In my market, typical to charge one month rent as commission paid by the owner and half goes to the tenant's agent. So you are looking at one months cost on a lease if your area practice is same as mine. Ask for a 2 year lease minimum. Credit check, verification of employment and criminal background check done too, plus risk of violating fair housing laws if you go it alone.
1 vote
Stephen Keese, , Palo Alto, CA
Fri Oct 25, 2013
As you probably know, we have a hot rental market. You should not have trouble finding a good tenant if your rent rate is reasonable. You have two choices to find a tenant. Post it on Craig's List and Stanford's housing site and handle the inquiries, fend off the frauds, screen the applicants, and find and sign a lease form. Or you can hire an agent and pay her or him a month's rent to do all that for you.
1 vote
Roselyne Gen…, Agent, Palo Alto, CA
Thu Oct 24, 2013
Sau Wei, Of course you can ask a real estate professional to help you find tenants. We reach many people through the Multiple Listing Service. If you want to manage the process yourself, Craig's List is a well known source or posting an ad in the local newspaper Daily News is another avenue.
Best regards, Roselyne Genin 408-391-1438
1 vote
Zachary Dani…, Other Pro, Palo Alto, CA
Fri Nov 1, 2013
Have you considered posting it with the Stanford University off-campus housing service? There's always Stanford students, faculty and research members looking for accommodations year round in Palo Alto.

If you'd like more information go to the Stanford off-campus housing page here: http://stanford.io/1eug4Ae (or see the full web reference below).

If you have any further questions feel free to email me at zach@places4students.com
0 votes
Sau Wei Yeung, , San Francisco, CA
Sat Oct 26, 2013
Thank you so much everyone for your replies! Is there an option for me to give a one-time fee for a Palo Alto realtor just to list it on MLS? I am going to handle the rest of the process, mainly because I just put a lot of down for my SF condo last month and my budget is tight :/

-Sau
0 votes
It is possible that an agent will do that for you. The problem is that the agent will get the calls and have to answer them, even if only to forward them to you. Someone will have to show the place to prospective tenants and to interested agents previewing it for clients. As landlord you have to comply with disclosure and fair housing laws. You may be a real estate professional, but managing all this from San Francisco will not be easy. It's a bunch of work for little compensation, especially if the commission is split with another agent. Ask for a longer lease than one year. It should not be hard in this market. My last two leases were for 2 and 5 years.
Flag Sun Oct 27, 2013
Marcy Moyer, Agent, San Ramon, CA
Fri Oct 25, 2013
Trulia, Craigslist, and Zillow are the majore sites. You can also hire a real estate agent and get it posted on MLS.

Marcy Moyer
Keller Williams Realty Palo Alto
marcy@marcymoyer.com
CalBRE 01191194
650-619-9285
Web Reference:  http://www.marcymoyer.com
0 votes
Juliana Lee, Agent, Palo Alto, CA
Fri Oct 25, 2013
I've sold many townhomes near you. A good way to handle rentals is to place listings in Trulia, Zillow, Hotpads, and Craigslist.org. Indicate that you are having an open house so that you can have many potential renters come at the same time. You will either quickly get a renter or learn what you need to do.

When you place your listings be sure to have good pictures.
http://julianalee.com/homes/2012/trinity_ln_1103/home-for-sale.htm

Palo Alto home values at
http://julianalee.com/palo-alto/palo-alto-statistics.htm

Juliana Lee
Top 2 agent nationwide at Keller Williams Realty, the nations largest
Cell 650.857.1000

Over 20 years experience
Over 1,000 homes sold in Santa Clara County and San Mateo County
.
Web Reference:  http://julianalee.com
0 votes
Amar Realtor, Agent, San Francisco Bay Area, CA
Fri Oct 25, 2013
Craigslist is not a good idea because of hijacked by scammers. I can help you to rent for you.Please call me 650-450-6648.

Check me out on Google search " Amar Amarnath"
0 votes
Terri Vellios, Agent, Campbell, CA
Fri Oct 25, 2013
Your condo looks nice on Trulia. More photos would be advised. However, I think you should be able to rent it rather quickly, if priced right.

There are agents which may post a courtesy rental on the MLS. Or you can hire a property manager. Once you go to Craigslist, you to risk your listing being hijacked by scammers.

All the best to you.
0 votes
Grace Hanamo…, Agent, Cupertino, CA
Fri Oct 25, 2013
Hi Sau,

Post your available rental on Craigslist and you should have several excellent clients within a few hours. Check references, credit histories and employment before consenting to rent to anyone.

Good luck!
Grace Morioka
Allison James
0 votes
Steve Nietha…, Agent, Palo Alto, CA
Fri Oct 25, 2013
SAU, I HAVE A CLIENT THAT MAY BE INTERESTED. PLEASE CALL ME , REGARDS, STEVE N
650-520-6290
0 votes
Elena Talis, Broker, Palo Alto, CA
Fri Oct 25, 2013
Craigslint. Make sure that the price is in line with the market rates or you will be waiting for a tenant for a really long time....
Web Reference:  http://talisrealestate.com
0 votes
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