Are Realtors helping with people who need Rentals?

I don't work rentals - the co-op fee here is usually $25 with a high of maybe $100 - nope not in my business plan. Most here will only be here for a couple of years due to military relcoation.  I do help them locate a property manager.

seems like there  are exceptionally more tennants shopping these days ..I have been working with rentals thru the years....not a priority but one needs to consider the co op is like loose change...1/2 month's rent is usually what's offered in these parts,,,,,,ive earned $3000 on two rentals last year...both were $3,000/mo....so that paid off...I agree....future investment , definitely.

best wishes in '12

Mike In WindyCity

I too don't work with renters unless it is a referral from a past buyer/seller.  I've only had 1 renter ever buy. To be honest, I just don't have the time. I think a lot of renters have a lot of baggage and I've heard the sob stories and think "no thanks!"

Just read Mike's...I would do that if they were high rentals but I've seen $800 - $1000 rentals with $300 commissions and it just doesn't make sense for me to get a sitter and take them out for hours...just my opinion.

Nikki, I don't do rentals but there are agents in our area who do very well.  They cite the faster paychecks and they place several tenants a week and have a steady income.  I think if you specialize in rentals, get to know the properties available, work with property managers, you could  do well. 

I normally don't do them.  For 10 months of the year we are so busy that it just wouldn't make sense to do them.  

We've closed a dozen or so rentals this year, compared with just a couple in all previous years.  It's due to increased demand from people who should be buying, but aren't confident that the timing is right, despite low interest rates and lower prices.  Some will buy in the future, staying in touch will be key!

Nikki - I will only work with potential tenants right in the neighborhoods I live around. They just are not cost effective for me to work them. We never turn any down though. We give these to team members so that they can gain experience and possibly develop future clients.