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Renting out your property can be rewarding, but understanding the costs is key to success. Typically, landlords spend about one month’s rent, with half going to the listing fee for professional marketing and the other half to the realtor tenant fee for securing a qualified tenant. Additional expenses may include maintenance and repairs, while tenant screening costs are covered by the tenant.
-with Spotter Realty and make renting your property easier than ever.
Here’s a breakdown of the key expenses landlords should plan for:
1.Listing Fee Half of one month’s rent is allocated to the Listing Agent, who handles the professional marketing of your property. This fee covers services such as professional photography, virtual tours, MLS listings, and advertising across multiple platforms. These efforts ensure your property stands out to potential tenants and attracts the right audience quickly.
Tenant Agent Fee The other half of one month’s rent goes to the Tenant Agent, who represents and brings a qualified tenant to your property. This collaborative approach between agents ensures a smooth process and helps you find tenants who meet your requirements.
Maintenance and Repairs Before and during the rental period, you’ll need to budget for any necessary maintenance, such as cleaning, repairs, or upgrades, to keep your property in top shape.
Tenant Screening Tenant screening is a vital step in protecting your investment, but the good news is that this cost is typically covered by the tenant. At Spotter Realty, tenants pay a fee of $24.99 for credit and background checks, giving you peace of mind that you’re renting to responsible and qualified individuals.
Why Choose Spotter Realty?
At Spotter Realty, Adrian Kiani, a trusted local Realtor in Hamilton-Burlington, offers comprehensive services that simplify the rental process. From professional marketing to tenant screening, our expertise can save you valuable time and effort while ensuring your property is in good hands. Partnering with an experienced Realtor means you get access to proven strategies and reliable tenant placement, allowing you to focus on what matters most.
With Spotter Realty, you can trust that your property will be marketed professionally, tenants thoroughly vetted, and the entire process managed efficiently. Let us handle the details while you enjoy the benefits of a stress-free rental experience.
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