Best way to find a renter/ service provider

[Carlo D.]

Hi Everyone. New real estate investor here. 

A bit about my background. I am an insurance broker and a hedge fund manager and I am about to close on my first rental condo in NYC.  Since I have two full time businesses, I don't have a ton of extra time left in the day. So my question was what is the best way to find my first renter? Or the best service provider that helps me find a renter? redfin? zillow? my realtor?  

Also, considering joining pro. But I was wondering if there is a difference between Stessa and Rentredi. Are they the same type of platform, or do they work hand in hand? I am seeing some redundancies.  

Thank you in advance!

[Abel Curiel]

Quote from @Carlo D.:

Hi Everyone. New real estate investor here. 

A bit about my background. I am an insurance broker and a hedge fund manager and I am about to close on my first rental condo in NYC.  Since I have two full time businesses, I don't have a ton of extra time left in the day. So my question was what is the best way to find my first renter? Or the best service provider that helps me find a renter? redfin? zillow? my realtor?  

Also, considering joining pro. But I was wondering if there is a difference between Stessa and Rentredi. Are they the same type of platform, or do they work hand in hand? I am seeing some redundancies.  

Thank you in advance!

 Hello Carlo and congratulations on your upcoming closing!

Regarding the rental, your agent can:
- market (aka List) your rental unit
- facilitate showings
- pre-screen tenants
- follow-up on applications
- coordinate tenant interviews
- coordinate lease signing

Depending on local demand, you may be able to have the tenant pay the broker fee to cover the services above. Other submarkets have "no fee" rentals which means you'd pay your Realtor instead.

Regarding software, I've heard great things about Stessa and Rentredi but have not personally used them. Our clients really like Hemlane.

All the best to you as you head towards your first NYC condo investment!

Abel