Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago, 05/03/2015

User Stats

4,079
Posts
1,596
Votes
George P.
  • Property Manager
  • Livonia, MI
1,596
Votes |
4,079
Posts

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

Loading replies...