How much do NYC rental agents make?
Started by Kshlz
over 10 years ago
Posts: 0
Member since: Jul 2015
Discussion about
Just curious how much great rental agents make. I'm an agent in another major metro area and rentals aren't much of an income producer here, but I'm moving to NYC in a month or so and would probably start there. Or would I be better of sticking to sales??
The great ones make enough to buy Oliver People's sunglasses and to purchase a South American mail order bride.
if you have sales experience, stick to sales. Make sure you have some money saved up first. The rental business is completely different and you can get stuck.
To answer your question, without landlord contacts and unless you're on a big team, most agents earn about $50 - $80k in their first year in rentals.
>most agents earn about $50 - $80k in their first year in rentals.
I doubt that.
The real answer is anything from nothing to tons. You may wish to start in rentals to familiarize yourself with the various types of buildings and because sales will take longer to break into.
My one recommendation is to be honest, don't over promise in your ads or on the phone/in person. Dont promise what you cannot be sure of delivering. This has worked well for me for over 20 years. Do the job, do it right and do it honest. If your manager or company misleads people with fake ads, bait and switch etc....run, leave.
Thanks Richard for your professionalism.