When people think of hiring a real estate agent they usually associate that with buying or selling a house. Real estate agents aren’t just for mortgages. They can also assist with renting properties such as houses, townhouses, condos, and commercial properties. If this is something you’re interested in investing in, this is the perfect article for you. In this blog post, I’m going to be covering how to find a real estate agent for renting. This includes renting houses, condos, town homes, or even commercial properties. Without further ado, let’s jump in!
Where Can I Find a Real Estate Agent for Renting?
Whether you’re looking to buy, sell, or rent a home, the easiest way to find a renter’s agent is through online real estate directories. Online real estate directories are hubs for collecting real estate agent data based on location, number of transactions, credentials, certifications, client reviews and more! They are also a convenient way to get matched with a real estate agent near you that fits your criteria.
You’re looking for a real estate agent specializing in finding homes for rent, and you don’t want to waste your time with someone trying to convince you to buy a house. This is possible when you search for a real estate agent through FastExpert, one of the most popular, and trustworthy online real estate directories on the internet.
When you search through FastExpert, you get access to the most experienced and most trustworthy agents in your area. This includes agents specialized in connecting their clients with their dream rental properties. You can browse through agent profiles, see their credentials, certifications, years of experience, number of sales, and even client reviews!
FastExpert’s service is completely free. Should your connection with an agent turn into a transaction, the only fee is 25% of your agent’s commission. So there’s no risk to you for connecting with a rental agent through FastExpert. It’s a win-win!
What to Search for When Browsing for a Rental Agent
So now that you know where you can find a real estate agent for renting a home, you need to know what qualifications and credentials to check for on an agent’s profile.
1. Average Listing Time and Number of Listings
Look for this agent’s number of listings they’ve represented. Check for the overall duration of these listings (it should be short) as the amount of time will tell you a lot about their negotiation skills and their ability to get homes sold or bought fast. An experienced real estate agent has a small gap of time between the original date the listing was posted and when the sale was closed. Look for patterns, see if their client’s listings have relatively short lives, or if they’re all over the place. This will help you narrow down your choices.
2. Market Knowledge
The real estate market is ever changing, and isn’t something you can study up on once and completely understand it. A real estate agent should have a range of properties they’ve worked with.
A real estate agent that specializes in rentals should also be proficient in selling homes and getting their clients to buy homes. They should know everything there is to know about renting houses, condos, and townhomes. If you’re looking to rent one of these, you don’t necessarily need an agent proficient in renting commercial spaces, but it can’t hurt.
On the flip side, don’t go with an agent that only specializes in renting commercial properties and not homes since they are not one in the same.
The real estate agent you choose should be knowledgeable in all kinds of real estate, the current market, and how to negotiate a deal.
3. Client Reviews
This may come across as an obvious one, but be sure to read through real estate agent reviews. Take it from the people who worked with these agent’s directly and weigh out the good and the bad.
I recommend checking out 2 star and 3 star reviews and comparing them with the agent’s 5 star reviews rather than sifting through any bad 1 star reviews. While a 1 star review could be very telling, I find that these reviews are typically unhelpful and written from a place of frustration rather than honesty.
Client reviews are incredibly helpful when narrowing down a rental agent to choose from, but proceed with caution.
How do Real Estate Agents Get Paid for Rentals?
This is a question that doesn’t come up usually, but it’s important to note if you’re hiring an agent to find a real property for you to live in. How does a rental agent get paid? Surely it can’t be the same as a seller’s agent.
A rental agent gets a payment between 5% and 15% of the yearly rent. Or in some cases, a whole month’s rent. The way a rental agent is paid for the transaction of a rental property is based on competitive rate and the climate of the industry at the time.
How Does A Rental Agent Choose How They are Paid?
A real estate agent’s commission for a rental is sometimes a percentage of the rent for the year. This percentage is then divided between themselves and the Tenant’s agent.
On the other hand, a rental agent can choose to be paid by charging the amount of a single month’s rent. If the rental agent finds the new tenant, then they can charge the first month’s rent as payment.
In this case, The brokerage working with the agent then divides the commission from the first month’s rent charge. The landlord is then paid for their respective fees such as a security deposit.
In Most Cases The New Tenant will Pay First Month’s Rent to the Agent
Depending on the city and state the rental transaction occurs, the renter usually ends up paying their real estate agent the amount of first month’s rent on the property.
The Bottom Line
In conclusion, if you’re planning on renting, you’re going to need a real estate agent, specifically a rental agent. And it’s easy to get connected with a rental agent via online real estate agent directories.
The best and most trustworthy of online real estate agent directories today is FastExpert. With FastExpert.com you can get matched with experienced, trustworthy agents that specialize in rental properties in your city!
It’s completely free, easy to use, and proven successful. Fill in your zip code, browse through agents in your area, and see the reviews for yourself!