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Updated over 10 years ago on . Most recent reply

Dave Kay's profile image
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Dave Kay
  • from Los Angeles, California
  • Member since May 2, 2013
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Dave Kay
  • from Los Angeles, California
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Dave Kay
  • Los Angeles, CA
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General Landlording & Rental Properties

Are there benefits/downsides to listing a rental on the MLS vs a site like Craigslist or Hotpads?

Dave Kay
  • Los Angeles, CA
Posted

Multi-unit here who recently got real estate license (SoCal). Are there benefits/downsides to listing a rental on the MLS vs a site like Craigslist or Hotpads?

Meaning, are there any ups/downs to finding a tenant through a realtor via the MLS vs on your own on Craigslist?

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Gloria Dulan-Wilson's profile image
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Gloria Dulan-Wilson
  • from Philadelphia, Pennsylvania
  • Member since Aug 9, 2014
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Gloria Dulan-Wilson
  • from Philadelphia, Pennsylvania
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Gloria Dulan-Wilson
  • Philadelphia, PA
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Gloria Dulan-Wilson
  • Philadelphia, PA
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@Carlos Asuaje - generally speaking the 10% charged by the realtor is a one time fee.  And 10% is considered "low" by New York standards.  They are not receiving an ongoing commission unless this is specifically a commercial property - and those agreements are usually hammered out long before they go after a tenant for you.  

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