Brokers for rental apartments
Started by mayorsat
over 14 years ago
Posts: 1
Member since: Jul 2011
Discussion about
I'm looking for a rental apartment/condo. When I find the rental online and call the listed broker, am I expected to pay the broker a fee just for meeting me and unlocking the door to the apartment? If a fee to the broker is the standard practice, is it a percentage? And a percentage of what???
Since you will only pay the fee if you sign a lease, there is also her time for processing the application(s), preparing the lease and helping you jump through the hoops that some landlords require. Advertising which is not free for licensed agents and the fee (anywhere from a month fee to 15% of the annual rent) is split with the broker of record.
If you don't want to pay a fee, contact management companies directly to inquire about their current vacancies.
Althea Ffrench
Triumph Property Group
Licensed Real Estate Salesperson
Brokers charge a fee only after the lease is signed, there are websites like http://www.rentahop.com and http://www.citirenter.com which lists 'no fee' apartments directly from the Owners/Management companies.
Mayorsat - where are you looking? I have a converted 2 available for August 1 on the UES.
Should have been clear - no broker's fee; listed by owner.
hk, you should really pay the 50 bucks to list your property here. It helps.
In the process of doing so right now.
"am I expected to pay the broker a fee just for meeting me and unlocking the door to the apartment?"
OMG please don't give these "brokers" any new ideas!!!!!!!
"am I expected to pay the broker a fee just for meeting me and unlocking the door to the apartment?"
at least in that case they actually did something
reprinted - from a prior posting -
AVOID BROKERS AND THEIR FEES - GO DIRECTLY TO THE SOURCE OF YOUR RENTAL NEEDS. BROKERS TEND TO TAKE YOU TO SEE THESE NO-FEE APARTMENTS FIRST AS THEY EARN 100% OF YOUR 15% BROKER'S FEE. HUSH...HUSH... THEY WILL NOT TELL YOU IT'S A NO-FEE RENTAL PROPERTY :( NOR WILL THEY REPRESENT THAT PRIOR TO SEEING THE APARTMENT. SO IF YOU NEED TO RENT, CHECK OUT THE RENTAL PROPERTY MANAGEMENT WEBSITES AND CALL THEM FOR UPDATED LISTINGS. SAVE YOURSELF THAT 15% TO BUY YOURSELF NEW FURNITURE OR HAVE A MOVE-IN WELCOME PARTY FOR FRIENDS AND FAMILY.
Excellent %u201CBIG-TIME%u201D Manhattan Rental Property Management:
Rose (www rosenyc com)
Related Rentals (www relatedrentals com)
Equity Residental (www eqr com)
Rockrose Management (www rockrosenyc com) [mostly chelsea, village, financial district, downtown condos]
Sky Management (www skymanagement com)
Glenwood Managment (www glenwoodnyc com)
BLDG Management Co. 115 E 92nd St New York, NY 10128 (212) 722-4931
Brodsky Management, Inc (www brodskyorg com)
Maclowe Management (www macklowe com) [condos below 60th street]
Urban Associates %u2013 400 W 59th St # 3, New York, NY (212) 245-1870
NYbits, too.
There's also http://www.rudin.com/residential.html
There's also http://www.rudin.com/residential.html
bump
all you people sit here and bash brokers..fuc*k you then dont call us....its funny how brash and rude people are behind the keyboard....
fuck you then don't give illegal kickbacks to landlords
and meet your professional legal obligation to disclose your name and brokerage affiliation
MR17_5 is probably how most 'brokers' think.
Do the right thing and save everyone money by not using a broker. This is probably the easiest market to sell/rent a home in without a broker. Brokers are like a parasite stuck to the side of the real estate industry.
>fuck you then don't give illegal kickbacks to landlords
>and meet your professional legal obligation to disclose your name and brokerage affiliation
Alan, the guy isn't soliciting business here.
By the way, who do you really blame, the landlord or the broker, for the illegal kickbacks? Are the kickbacks illegal if the apartment isn't under rent regulation?
i am so sick of people complaining about brokers on hear...blah blah blah we do nothing don't help anyone rip people off ect..parasites....
and no I have no reason to disclose my company/name on here I don't solicit business on this website...
I reprinted the management list that has been on this site many times in the last several years -- it was posted for convenience:::
"If you don't want to pay a fee, contact management companies directly to inquire about their current vacancies."
Now people have the option.
rental brokers are an impediment to efficient renting of apts
do as manhattanfox says
that's what i did--saved me money and wasted time
do you want to see good rental stock? or stock that is easy for your broker to get you into, and which profits them most?
With the exception of one or two on that list, those apartments are considerably expensive and may not be right for new New Yorkers. Also, BLDG is broker-protected meaning they do not deal directly with public except if they have an on-site for a particular building.
alanhart, anyone who chooses to worek with somebody who won't give their name of affiliation deserves to get taken for a ride.
Heres a funny video on the subject of NYC apartment brokers http://www.youtube.com/watch?v=PZV5m53h_ro
The "normal" fee is 12-15%. It could be always negotiated. Friend of mine managed to negotiate 8% fee.