There's a housing shortage in NYC. There's no reason any of your units should be sitting vacant for even a day.
Potential Benefits of Working with a Listing Agent
| Topic | Listing Agent's Role | Landlord's Challenge | Listing Agent's Solution |
|---|---|---|---|
| Expert Market Knowledge | Has current knowledge about the NYC real estate market. | Keeping up with rental rates, tenant expectations, and market trends can be tricky. Time lost can be costly. | An agent can offer up-to-date market insights, helping price the property accurately and reduce vacancy time. |
| Application Review Process | Helps you manage the application review process. | Thorough and well organized application packets allow landlords to make better informed decisions. | With the agent's assistance in collecting and organizing required documents, landlords can potentially reduce risks of late rent and property damage. |
| Legal Compliance | Works with broker for guidance on compliance, laws, and regulations. | Compliance issues may require outside guidance. | A listing agent has likely been through the process before and always works under a licensed broker. |
| Negotiation and Lease Preparation | Knows standard procedures and has access to standard forms. Has access to guidance and support through brokerage and real estate board. | The internet is not substitute for professional guidance.. | A listing agent can handle basic tasks that protect the client's interests. |
| Property Showings | Coordinates property showings for potential tenants. | Arranging and conducting showings can be time-consuming and can require a lot of back and forth. | A listing agent helps manage this process, ensuring a professional and positive experience for potential tenants while at the same time making the landlord look more professional. |
| Fees | Invests out of pocket in promoting your property. | Marketing a property can be costly. | Services of the listing agent may be totally free to the landlord. |
| Added Protection | Up to date with latest industry trends and regulations. | Ever changing markets are hard to keep up with. | If member of local real estate board, continuing education ensures that agent is up to date on the latest regulations and industry trends. |
|
|
Resources:
Make security deposits less of a hassle for both you and your tenants.
Helps you qualify more tenants while guaranteeing their rent.
Tenant screening made simple.