I think there is a misconception of how Los Angeles Realtors® handle rentals, so clarification is in order.
Much as we may love what we do as Realtors® we are paid totally on commission. Until a deal is consummated we can run around for weeks, months, or even years with all the expenses and no income. Now don’t get me wrong, in Los Angeles one deal, and by deal I mean sale, can be worth all the hard work involved in making that deal happen. And it is all part of the business.
Who pays a buyers’ agent’s commission? The listing brokerage who has an agreement with the seller to pay both the listing agent and the buyer’s agent, or co-brokerage.
The same goes for Los Angeles rentals. There is a listing brokerage and the landlord agrees to pay commission to the listing agent and the agent of the tenant.
In today’s market we are seeing more and more rentals given to Realtors® to find tenants, but they tend to be in the higher-priced category.
What does this mean?
It means that we Realtors® don’t have access to many lower-priced listings. Most of those properties are not given to us to rent out. It makes no economic sense for either side.
Also, the majority of rentals you find on a website like mine are going to be privately owned condos or single family homes, not apartments, and most of those are going to be rentals for a minimum of one year.
So if you ask me to help you find a rental for 6 months for under $2,000, I am not being unhelpful or mean-spirited if I tell you I can’t help you. I really can’t.
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
- Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
- Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
- Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
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- Silver Lake Real Estate - Silver Lake single homes
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For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.