Need a new category CLIENTS

dont forget they're also stupid

sleazy and "also stupid"--sounds like they outsmart you brainiac rental brokers!!
hammy--seems you set up a shit deal for the sneaky renter--thk god they didnt sign and, instead, found a better deal

I was just talking about that with another agent. The worst is when they set up strict parameters for their search with you. You show them the best apartments you can find with their parameters. They're not happy with what they see, so you try to better serve them by offering options for a more productive search i.e. raise budget, change geographical area, lower expectations a bit. Instead of recognizing professionalism, they immediately call another agent. You've already let them know you will do your best to meet their needs and they call one of those "horror story" type of agents. Why, just to be able to say you have a horror story about New York real estate?

But of course you'll never complain about all the times you mugged some poor sap for a 15% commission when you did nothing more than unlock a door and run a credit check.

>In particular rental clients. They are sleazy, dishonest and sneaky when they set up apply for apts, set up lease signings and then call just before the signing and say they found something else.

Isn't this a construct of a system by which the landlord has the tenant pay his marketing expense? Blame the landlord for not paying you.

hberg, in a soft market he does. but in what business is a cost absorbed buy a supplier when demand for his product says he doesnt have to?

I'm not questioning the smarts of the landlord in doing this. I'm pointing out that if the landlord did pay its own marketing costs, this problem that Hammy complains about would disappear. The root of this problem is the landlord, not the tenant, because, what budget limited tenant isn't going to want to leave Hammy out of the equation if they possibly can? That's the tenant doing what is right for him or herself.

And this setup is well known to the rental broker. It sounds like Hammy is new. But it sounds like NYREAgent is experienced, and yet still complains about the situation that he knows is likely with a decent enough probability.

hammy's issue is he focuses on the wrong thing. the real clients are the property owners.

That's my point.

HI columbiacounty.

Columbiacounty, you are needed on this thread. Push your rollator faster toward the computer and say something nice about Jim or me. Or call Wbuttocks and ask him to fill in.

nyreagent sucks at his job to.

and i bet he's also new to real.estate.

what's new bout you jimmy is that you aint been talkin bout your oliver peeps, guccis and all the trappings of your so-sweet success as a rental broker!!

things a lil bit soft for you?? your charm aint reelin em in no mo??

hahahahaha id insult you but then the world you live in is one big insult...you, sir, are, quite simply, a rental broker....couldnt have happened to a better guy!!!

Jim might be a rental broker, and you might be a combination of Mother Teresa and Steve Jobs, but what were you thinking when you named yourself after an ass with an unflattering pointy set of buttocks?

how come you write in an ethnic ebonic type style sometimes whitebottom? i bet your boyfriend is some big buck with prison time in his past and ypu do it to please him. sort of the way i learned spanish for my wife. i roll my r's, and you sound ignorant.

If you guys dislike the system so much, you are in a position to try something else. Why don't you give your clients an option to pay by the hour. If the LL pays the fee, you pass it back. If it's co-broke, tenant only pays the other 7.5%. Regardless of whether an apt is taken, you get paid.

What hourly rate would you charge?

?Regardless of whether an apt is taken, you get paid.

How would that work? Tenant pays even if he doesn't become a tenant?
Clever

nada, i dont dislike the system. it's made me alot of money. hourly?

There may be times when real estate brokers show only one apt and receive a 15% fee, but it is ignorant to think that is all that is done. We qualify, check credit, obtain proper financial documents, advertise and of course, negotiate with the owner, the best terms for the client. While it may be fun to say " they just unlock doors," it is simply not true. That key to that door, may only be obtained (in many cases) by a broker or an agent - someone who has gotten a license and maintained a license which average people do not understand. If these angry people hate real estate professionals SO much that they would actually use foul language on an informative site like Streeteasy, why then do they contact the real estate professionals in the first place? Why not do the "key and door thing" and find the property, obtain the documents, run the credit, negotiate the best rent all by yourself? The answer is because MANY (not all) owners will NOT deal with renters themselves. They would rather use a real estate broker, someone with expertise (and yes, not ALL brokers are good, same as not ALL lawyers are good, not ALL restaurants are good, not all accountants are good, etc.) If you do not like someone, you need to find someone else. This is true in all areas of life. A simple five minute convesation with a broker should allow for one to know whther this is a knowledeable person, someone he/she can respect and get along with, or perhaps someone who is not the best fit. I know that if I do not feel this way during a simple phone conversation, I will not accept the client.In the case where the clients were dishonest, they were nice people who were referred to me and they had every right to find the apt that they would be happy in. What is wrong and dishonest was the fact that they had two brokers (it was a cobroke)arrange a lease signing, meet the owner, get approved, type up leases with extra requirements that they requested, and moments before the signing, admitted to having applied to something else. 15% is the norm of what is charged in NYC If it is too much money for the average person, then I suggest they do the job all by themselves and refrain from abusing Streeteasy with obscene language. It is completely innappropriate, and such anger is absurd and indicitive of other emotional problems.

thing is, brokers chose their profession and this industry has its challenges just like any independent contractor would experience. Not sure youll get sympathy from non brokers. I was in the rental game from 2004-2005 and knew right away it was not for me. Its not for everyone. Its tough work both mentally and physically running all over the city for clients that may or may not be loyal or honest with you. Thats the game. In my opinion, the money is on the listings side of the rental game. All those agents who got exclusive bldgs and get part of each rental deal w/out doing anything other than managing the landlord/inventory. Again, thats just me. I experience the rental challenges and knew right away I wanted to get into sales. Sales is not easy either, but rental game is madness to me

urbandigs you nailed it. the money is on the listings side.

It is definately not for everyone. I enjoy the fast paced rental business and I have as many wonderful clients as dishonest ones. It's not just about money, I truly love the business, meeting and helping good people (much of the time) and seeing beautiful apartments. It is so sad to see there are so many haters on Streeteasy.

Hammy: here is one of your peers talking about his clientele.

jim_hones10
about 14 hours ago
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Squid
7 minutes ago
ignore this person
report abuse But of course you'll never complain about all the times you mugged some poor sap for a 15% commission when you did nothing more than unlock a door and run a credit check.

6 comments

squid, you cocksucker, do the have a CHOICE IN THE MATTER? or is there a gun to their head? no one has to pay. it's not insurance. piece of shit fuckface.

Hammy, you avoided my question. Would being paid hourly solve your issue? What would you charge?

hammy, based on his loving references to his clients, would you consider your colleague jim hones a CLIENT hater? how would you explain his comments?

UD, as a client who is paying, I see value in brokers with well-marketed exclusive listings. I don't see value in a buy-side broker nor open listings. So I don't bother with them.

Hammy, one word: Paragraphs.

"I don't see value in a buy-side broker nor open listings. So I don't bother with them."

Your entitled to your opinion. There are many buyers out there the do see value in buy side representation. But I do agree with you that I see no value in open listings.

I meant "buy-side rental broker", UD, not for sales. Is there a better name for that?

"Would being paid hourly solve your issue? What would you charge?"
It actually doesn't work that way if you are cobroking with another broker. I also don't know if The Dept of State has any laws about it, but they might. Charging by the hour would be beneficial to a broker only if the client does not wind up renting with the broker. It which case, it would not be beneficial to the client. It would be hard to collect as well.

Hammy is almost as bad a name as Wbottom.

But here you go, you made my point that it is the landlord who is the problem, and not the tenant, " The answer is because MANY (not all) owners will NOT deal with renters themselves. They would rather use a real estate broker,"

Also, real estate is a tough business in all respects. NY is a tough town. Your choice if you want to be part of it, but no one ever got successful or made money in real estate by whining. Even Wbottom, although he is a whiner, when it comes to actual real estate transactions where he says he has been successful, he's gone to extremes like actually sharpening each of his buttocks. You don't want to be the chair that Wbottom sits on or be too close to him on a crowded subway.

columbiacounty
about 3 hours ago
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report abuse Hammy: here is one of your peers talking about his clientele.

jim_hones10
about 14 hours ago
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report abuse

Squid
7 minutes ago
ignore this person
report abuse But of course you'll never complain about all the times you mugged some poor sap for a 15% commission when you did nothing more than unlock a door and run a credit check.

6 comments

squid, you cocksucker, do the have a CHOICE IN THE MATTER? or is there a gun to their head? no one has to pay. it's not insurance. piece of shit fuckface.

i'm not talking about clientele. i'm talking about squid. and you. and whitebottom.

>> It actually doesn't work that way if you are cobroking with another broker. I also don't know if The Dept of State has any laws about it, but they might.... It would be hard to collect as well.

Read what I said. If it's co-broke, tenant only pays 7.5% to the other side. You get your hourly. Trust me, Dept of State has now laws on the subject. As far as "hard to collect", there are things called retainers.

>> Charging by the hour would be beneficial to a broker only if the client does not wind up renting with the broker. It which case, it would not be beneficial to the client.

Look, you're the one coming here whining about the system. I'm sure at a certainly hourly price, it'd be beneficial to you. It's pretty easy to figure out that number: just take the total amount you gross in fees, divide by the number of hours, and tack on a little extra to be "beneficial" to what you're doing now. What is that number?

FWIW, from the stuff you're saying, it seem like you're in denial about the compensation structure in which you work. You like the big headline number of transaction-based compensation, but you dislike all the wasted effort that comes hand-in-hand with transaction-based compensation.

inododo, you want renters to pay in advance a retainer just to search for a rental apartment?

>FWIW, from the stuff you're saying, it seem like you're in denial about the compensation structure in which you work.

I agree with inododo here.

I actually intended my comments for other brokers. I did not realize non brokers would respond. It certainly was not my intention. Please, no more responses from people not in the real estate industry.

i.e. you only want to hear from fellow idiots.

Hammy, you are an idiot.

Wow.

I like this thread...more please!

I'm in the Real Estate industry, but I'm not a broker. Can I still respond? Please!!!???

n particular rental clients. They are sleazy, dishonest and sneaky

Isn't this a description of a rental broker?

Hammy
about 4 months ago
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report abuse In particular rental clients. They are sleazy, dishonest and sneaky

i triple dare you to start posting names of sleazy dishonest and sneaky clients.

If your broker is charging you a 15% fee of the annual rate in this market you must be absurd to agree to a term like that. I feel the owner should pay an OP to the broker, however I also believe in supply and demand. To be honest, I charge 1 Month fee and just work on volume rather than Quality. If I were to tell 15% to every client, I would think more than 75% of them would think twice about applying. 1 month fee would be fair for both parties.