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Updated almost 10 years ago on . Most recent reply

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George P.
  • Property Manager
  • Livonia, MI
1,596
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new agent charged me 6% to lease the property, not 1 month's rent

George P.
  • Property Manager
  • Livonia, MI
Posted

so, i have been doing this for awhile. with multiple agents. i loved my previous agent, but she reduced her workload due to pregnancy. She referred me to a guy that listed a house 2 weeks ago.

We talked, i liked him, he listed the house. within a week i had 37 showings and rented within a few days. It was a great house, so that always has helped us.

It was a 3 yr lease, @ 1250 per month. He just sent the checks and i was charged 6% of the WHOLE 3 YEAR TERM - 6% on a 45k amount.

Yes, i didn't read the contract i signed. My fault. 

wtf did i do? advice... would be appreciated . after the fact

Most Popular Reply

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,152
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42,830
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

@George P.

  he is charging you like a leasing agent would charge a commercial property owner to lease up a starbucks..

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JLH Capital Partners

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