Leasing Commissions

[Paul Garcia]

Hello,

I’m trying to take advantage of some economies of scale and was wondering if it’s possible to do so through reduced leasing commissions. My Mother owns 26 single family homes all within the same area. She manages the properties herself but has a realtor rent them. The realtor charges a $250 listing fee and a half months rent, a reduced fee according to the realtor. That’s roughly $22,000 a year in business! Would it be possible to go to another realtor and offer an “exclusive contract” to lease all the properties for say $500 a property? Could any realtors/brokers share their opinion?

Also, would it be possible to just hire someone who shows the property? I also own in the area but lease everything myself (not a realtor). I have no problem doing all the paperwork and communications, but showing takes time. Of course I can't post on the MLS. Your suggestions would be appreciated.

Thanks.