If you rent out your apartment, what is the commission?

[gemini06]

Will be away so I''ll be renting out my apartment for long term through an agent girl I know. At first she said 10% commission monthly I pay for one year, tried to negotiate since I've seen much lower rates. Anyway signed the contract so she will find a tenant. Then realised I'll be away 2 years, told her that and she said the commission will be same as one month rent for 2 years. Now she said she found a person to rent for 1 year. She is asking me to pay 10% monthly. After a year, she will find others and I pay 10% commission again....isn't it sooo much? I told her it's double amount now and she is arguing. what do you think and suggest?

 

[Dim Witty]

I don't know, but according to AI:
Commission Rates by Region
Fees typically vary between the City of Buenos Aires (CABA) and the surrounding province: [1]

• City of Buenos Aires (CABA): Under Law 5859, real estate agents are prohibited from charging commissions to tenants for residential leases. Instead, the owner pays a fixed commission of 4.15% of the total contract value.

 

[Caribbean Cool]

one months rent-one time- and if they want it each year find another agent

 

[LuckyLuke]

Howdy Gemini, to be clear, you're asking what rates expats are paying to their respective inmobiliarias to manage their rental units? Have you sought out different inmobiliarias in your area to get competing quotes?

I manage my rentals directly, so I can't answer you personally. But, maybe this will help you:

¿Cuánto cobra una inmobiliaria por administrar un alquiler?

El servicio de la inmobiliaria por llevar adelante la administración de una propiedad en alquiler puede variar dependiendo de lo acordado entre las partes

www.lanacion.com.ar

 

[SlowWalker]

I am not in CABA but the interior, and it seems like regardless of contract length (1,2 year, 6 months) or whether its a new contract or just extension, the agents want 1 month rent. In the end, if she thinks she is the only one she can be firm. Realistically, 1 month a year is pretty standard globally I think for management fees. But that is more full service. if the tenant is going to be transferring the funds directly to you, then its likely much less for them to do. You can try checking with a few other agents, but you need to trust them also. You may also decide to do one year with her. But if the tenant is good and wants to renew, you may at that point do the renewal directly, and you can see how they are and whether you need an agent the second year.

 

[gemini06]

one months rent-one time- and if they want it each year find another agent

I thought so, that would be reasonable. Also tenant will pay to me, so I will deal with the tenant. She is saying 10% monthly for 24 months, even more than 2 months rent just for her commission.

 

[SlowWalker]

I thought so, that would be reasonable. Also tenant will pay to me, so I will deal with the tenant. She is saying 10% monthly for 24 months, even more than 2 months rent just for her commission.

If all she is doing is setting up the contract then offer her one month. If she is going to actually managing it in case things go wrong then she to like 8.33% (1 month annually). If not tell her you will get another agent.

At some point you have to be willing to walk away. Otherwise she has the leverage.