Most real estate brokerage firms provide assistance to clients in searching for rental properties, especially single-family homes.
Renting homes is a common need these days. Therefore, to maintain a stable supply, agents are always ready to assist both landlords and tenants in finding suitable matches.
Landlords can contact agents to advertise property information, while tenants can rely on agents to introduce preferred homes.
How to find a real estate company to help you find rental properties?
If you’re looking to rent a single-family home, consider these steps to find a suitable brokerage service:
Clearly define the requirements for the property
- Location (area, state, orientation…)
- Square footage, number of bedrooms, bathrooms…
- Amenities, nearby services
- Rental price range within your budget
Research reputable local real estate companies
Ask friends and family who have used brokerage services for renting homes
Search major agencies on websites and social media platforms
Read reviews and feedback from previous customers
Contact to discuss needs and cooperation terms
Provide detailed information about your housing needs and requirements
Specify the expected time to be shown potential homes
Discuss viewing methods and evaluate the agent’s effectiveness
Sign a rental property search service contract with the agent
Clearly outline the rights and responsibilities of each party
Sign a contract that specifies brokerage terms
Following these steps, you’ll find a reliable brokerage service that makes the rental property search easier and more convenient.
How much is the real estate brokerage fee for rentals?
The typical brokerage fee for renting homes ranges from 0.5 to 1.5 months’ rent. Tenants do not pay this fee; instead, it is covered by the landlord according to the contract.
Specifically, the brokerage fee depends on:
Rental duration: The longer the lease, the higher the fee
Rental price: The higher the contract price, the larger the brokerage fee
Rental demand: In active rental markets, fees tend to be higher
Service quality: Established agencies with many clients and quality services command higher fees.
Additionally, if there are difficulties in renting out, landlords may ask agents for additional services like listing information, house videos, extensive advertising, which could increase the brokerage fee slightly.
Advantages of using real estate agents to find rental properties
Utilizing professional brokerage services saves time, effort, and offers more suitable options in the rental market.
Specifically, the benefits of hiring a rental property search agent include:
Access to unpublished rental listings not widely available in the market.
Quickly finding homes that meet actual requirements without wasting time on unsuitable options.
Agents evaluating and comparing the pros/cons of each home. This assists renters in making informed and appropriate choices.
Comprehensive and accurate information about each property, such as images, actual videos, pricing, payment methods, which mitigates risks or surprises.
Detailed guidance through rental contract procedures, reducing legal risks significantly.
Moreover, agents may persuade future landlords to accept a larger security deposit if the tenant has a less-than-stellar credit score.
The assistance of agents provides convenience and reliability for both tenants and landlords. By clearly defining needs, researching, and selecting a reputable agency, renters have a smoother process in finding rental homes with comprehensive information and support, from viewing properties to contract signing.
For landlords, working with agents brings convenience in promoting property information and finding suitable tenants.
Therefore, with a small cost borne by the landlord, tenants receive considerable value when using the professional brokerage services of real estate companies. This is indeed a worthwhile investment for both parties.
