Rent vs Buy in Oklahoma City>Question Details

Dm, Renter in Oklahoma

how to locate an agent 4rent house or duplexes, ok city, ok?

Asked by Dm, Oklahoma Mon Jun 14, 2010

I cannot locate a rental agent or find websites that list rental property, duplex or house

Help the community by answering this question:


Josh Barnett’s answer
Most Rentals are handled by the manager or owner of the rental itself. There is not enough money in leasing a property for an agent to work with someone looking for a rental. If an agent is lucky he may receive up to the first months lease payment for leasing the rental property for his client.

Let us say a tenant is looking for a 1,500 dollar a month rental. They look at 20 possible before choosing one, 20 houses * 25 mins equals 500 / 60 equals 8.33 hours. 2 days of negotiation equals about 5 hours (includes phone time, email, and consultations), that puts us at 13.33 hours.

Take the commission $1,500 minus the 2 tanks of gas (100 dollars) and the amount the broker takes (let us say 15%), that puts us around $1,175 divided by the 13.33 total work hours, puts us at 88.15 dollars an hour.

Now if we sold a house that rents for 1,500 month, we (Realtors) would typically make 4,500 dollars commission (150,000 * 3% = 4,500 dollars). Take the same time and divide into 4,500 dollars which equals $337.58 dollars an hour.

This is why there are not typically full time rental agents working exclusively for Renter's.

Check the Daily Oklahoman for leases, check the online Sunday addition, this is the least expensive means for landlords to get their property's out there in front of the potential tenants.
1 vote Thank Flag Link Tue Nov 16, 2010
Perhaps you might try CRAIGSLIST.COM
You will find rentals and sometimes rental agencies.
5 votes Thank Flag Link Mon Oct 4, 2010
Lots of Realtors have listings that they might be able to help you with. You can always call a few to see if anyone has what you need.
Some free websites I like are:

Both of these should have some of what you are looking for.

You can also google the Oklahoman. I know they have a pretty decent for rent section.
0 votes Thank Flag Link Thu Sep 30, 2010
I can possibly help. In which area are you looking? Tell me price range, size, bedrooms, school district and anything else that is important to you and I'll let you know what I have.

Jennifer Henning, Realtor
0 votes Thank Flag Link Mon Jun 14, 2010
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