As many of you know, or are finding out, rentals have become a big part of our business.
So, after doing all the work of finding a rental home for your clients; taking them thru the credit part; collecting certified funds and doing a final walk thru of the property...when do you think you should be paid?
When you give the credit report?
When you give the certified funds?
When you turn over the keys?
At possession?
A month after possession?
Having just done a rental at the end of May, I'm still waiting to be paid! And, it just doesn't seem correct. When we go to a closing in Illinois we receive our commission. So, why should we have to wait on a rental?
Our company is seriously thinking about setting up some consistent regulations regarding rentals. And, I just wish other companies would do the same, as it's unfair to the agents not to get paid (in my opinion) at possession.
What is your company's policy?
How often are you doing rentals now?
Any other ideas?
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