Why using a realtor to find a rental is a good idea

Finding a rental property can feel like searching for a needle in a haystack. Especially, when you’re trying to navigate the local rental market without a guide. Sure, you could spend hours scrolling through rental listings online, but why not make the process easier by using a realtor to find a rental? 

Using a realtor in a competitive market can really give you an edge. They might charge a fee to either you or the landlord, but they have access to a ton of listings, including ones you won’t find online. Plus, they can help you negotiate on rent, lease terms, and what the rental includes.

Top reasons why using a realtor to find a rental can be helpful

Here’s why teaming up with a real estate agent or property management company might be your best bet.

Realtors know the local market inside and out

When it comes to finding a rental, local knowledge is gold. Realtors are plugged into the pulse of the community and have insights into neighborhoods, sale price ranges, and even which landlords are the easiest to work with. They can save you from falling in love with a place that seems perfect online but is actually in a less-than-ideal area.

They help you save time and skip the stress

Why spend hours sifting through rental listings when a realtor can do it for you? They know where to look and can narrow down options that fit your needs and budget. Whether you’re looking for a cozy apartment downtown or a spacious house in the suburbs, they’ve got the tools to find what you’re looking for faster than you could on your own.

They help navigate the fine print

Leases and rent agreements can be tricky. A realtor can help you understand the details – from the security deposit to any clauses that might not be in your favor. They’ve seen it all, and their real estate experience can help you avoid potential pitfalls.

Realtors have access to off-market rentals

Realtors often have access to rental properties that aren’t listed online. These off-market gems might be exactly what you’re looking for but wouldn’t have access to without a realtor’s connections. Whether through a property management company or directly from local real estate agents, these hidden listings can sometimes offer better deals or more desirable locations.

Who is responsible for paying the realtor?

Here’s where things get interesting: in many cases, the landlord pays the realtor’s fee, not you. This means you get the benefit of a real estate professional helping you find a rental property without having to fork over extra cash. However, this isn’t always the case, so be sure to clarify upfront. Sometimes, agent fees or broker fees might apply, which could be equal to a month’s rent or a percentage of the yearly lease.

Property managers vs. realtors: Who is your better resource?

You might wonder if you should go directly to a property management company instead of using a realtor to find a rental. While property managers are great for handling the day-to-day operations once you’re already in a rental, they might not offer the personalized service and broad selection a realtor can. Realtors have a broader view of the rental markets, including properties managed by multiple companies. This translates to more options for you.

What if I don’t want to use a realtor?

You could do without a realtor if you already have a home-renting experience and are confident about getting a house without help. But do keep in mind that one of the most frustrating parts of finding a rental on your own is discovering that the listing you fell in love with is already taken. Realtors keep their fingers on the pulse of the market, so you’re less likely to chase after properties that are already off the market. They can also set up viewings faster, helping you get ahead of the competition.

Last thoughts

Using a realtor to find a rental property might seem like an extra step, but it’s one that can save you time, money, and headaches. They bring a lot to the table, making your house-hunting smoother and more successful. And if the landlord pays their fee? That’s just the cherry on top. So next time you’re searching for a new place, consider giving a real estate agent a call. You might just find your perfect home without all the hassle.

Written by Ramona Sinha. October 28, 2024

Ramona is the Senior Content Writer for Kukun. This experienced blogger uses simple and succinct words to decipher the complex phenomenon called life. She has written articles covering a broad range of topics, such as real estate, lending and mortgage, finance, business, taxation, home designs, home improvement projects, decor concepts, and more. An avid traveler, she’s a digital nomad at heart and an animal lover from the depth of her soul.