...and lot's more!
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.|