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by adgjlsfhk1 587 days ago
> Remember, broker's fees don't go to the landlord. They go to the brokers!

I'm pretty sure there are landlords that charge the brokers for the chance to show their units. The landlords can advertise rents that are $300 lower (but get a $500 cut of the broker fee), and then can raise the rent by $300 the next year, increasing the chance that the tenant will go to another one of their (or their buddy's) properties and pay another brokers fee.

1 comments

No, that's not a thing. I don't know where you got that idea.

And the last thing a landlord generally wants is for their tenant of just one year to leave. Remember, an apartment will often go vacant for a month or even two between tenants, which is lost rent.

And if your tenant leaves, chances are miniscule they happen to move to another property you happen to own. (And what does a "buddy's" property have to do with anything?)

Unless rents are going up - in which case, a renter moving out means you can charge the next person enough to cover the apartment sitting empty for a month.

(That's assuming apartments even stay empty that long; when we were searching, we almost always had to commit to an apartment the day of the showing, or it'd be off the market the next day. Apartments seem to stay empty long enough for the required cleaning and maintenance to take place - and sometimes barely even that long, we've viewed apartments that were being actively worked on.)