Rent Realtor: How to Rent a Home without a Rent Realtor
http://www.realestatediaries.net/articles/6649/1/Rent-Realtor-How-to-Rent-a-Home-without-a-Rent-Realtor/Page1.html
Andrew Stratton
When you're investing in residential real estate, financing for your property sometimes become difficult and frustrating. If you are prepared for the process, you can plan for investment property loan without the frustration. Visit KISCL to ensure the success with all of your future property schemes. http://www.kiscl.com By Andrew Stratton
Published on 12/5/2009
Renting a house doesn't require hiring a rent realtor. Some of the reasons not to hire an agent include compromised customer service, no national database strictly for agents.
There are many reasons why you are choosing to rent a home right now instead of buy. The market is still in turmoil, unemployment is still high and even graduates are finding it hard to get a job.
Renting may be a more affordable option at the moment. Now the question is-Do you need help from a rent realtor or can you do it yourself? The answer is no, you don't have to rely on a professional to find your home. Here's why you don't have to hire a rent realtor:
1. First of all, an agent doesn't usually make any money on rental properties. They get commissions from sales, not leases. If you just want to rent, realtor services may be sub-par because the motivation is not there. Now, that is not to say that an agent won't work hard for you, but there is less incentive for her to offer you the best customer service possible. Unless, of course, you are planning to buy in the not too distant future and she wants your business then.
2. There is no national database like the MLS system, so you have access to all the same information as an agent. When you buy, a professional can get market analysis and other info that is helpful to a purchase. Renting is a different story. You can peruse all the same sites that an agent can so, you don't need her professional credentials to get the information you need.
3. Even if there is a rental property division, your choices are limited. So, if you do hire a rent realtor, the only properties that you see will be the ones listed with her firm. This means you may have to compromise to get what you want when the right house is still out there. If you limit yourself, you could be missing out on the perfect place with everything you are looking for and it may be just around the corner.
4. There are unlimited resources available to you to find the right property. With the Internet, you can do your entire rental home hunting from your couch. Craigslist, Ebay, regional and local rental sites-all are possibilities that let you see pictures and get details on the home. All around town, you can find boxes holding free rental magazines. The classifieds, word of mouth and simply driving around the neighborhood are other ways to find the right property.
It isn't necessary to have someone else find you a home to rent. You know what you want, you know what you can afford and you have access to all the search tools and information so why not be proactive in finding your rental home and do it yourself.
Renting may be a more affordable option at the moment. Now the question is-Do you need help from a rent realtor or can you do it yourself? The answer is no, you don't have to rely on a professional to find your home. Here's why you don't have to hire a rent realtor:
1. First of all, an agent doesn't usually make any money on rental properties. They get commissions from sales, not leases. If you just want to rent, realtor services may be sub-par because the motivation is not there. Now, that is not to say that an agent won't work hard for you, but there is less incentive for her to offer you the best customer service possible. Unless, of course, you are planning to buy in the not too distant future and she wants your business then.
2. There is no national database like the MLS system, so you have access to all the same information as an agent. When you buy, a professional can get market analysis and other info that is helpful to a purchase. Renting is a different story. You can peruse all the same sites that an agent can so, you don't need her professional credentials to get the information you need.
3. Even if there is a rental property division, your choices are limited. So, if you do hire a rent realtor, the only properties that you see will be the ones listed with her firm. This means you may have to compromise to get what you want when the right house is still out there. If you limit yourself, you could be missing out on the perfect place with everything you are looking for and it may be just around the corner.
4. There are unlimited resources available to you to find the right property. With the Internet, you can do your entire rental home hunting from your couch. Craigslist, Ebay, regional and local rental sites-all are possibilities that let you see pictures and get details on the home. All around town, you can find boxes holding free rental magazines. The classifieds, word of mouth and simply driving around the neighborhood are other ways to find the right property.
It isn't necessary to have someone else find you a home to rent. You know what you want, you know what you can afford and you have access to all the search tools and information so why not be proactive in finding your rental home and do it yourself.