It's day 4 now of our search for a place. We saw some properties yesterday that we really liked, but: they're all with broker fees. Which is basically a LOT of money to fork over.
The concept of the broker fee is new to us. Essentially, the landlord turns over the property to a realty agent to have them show the place and take care of getting them the tenant. That cost associated with the listing then gets passed on to us! The places we looked at yesterday wanted 10% of the annual rent. Possibly negotiable!
Anyway, the search is getting old. We're running our numbers and thinking we might sign something today, and just accept the fee. Decisions, man!
2 comments:
That bites. We ran into the broker situation in NC, but at least we didn't have to pay a separate fee to a broker. I think the cost is just rolled into the rent.
Paul said you found a place that you were pretty set in. Said it was in a good neighborhood too. Good luck! Still thinking about a trip up there in December.
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