21–30 of 593 posts
Earlier quoted context omitted.
It's good that there's no surprise fees, but they're still being paid. It's like anything, the value is just hidden in the price of the product now, rent in this case.
The landlord can decide if it's worth paying them then
Would love something like this to kill (or at least severely maim) the broker industry in NYC. 0 value added at the cost of 10-15% of yearly rent.
Would love something like this to kill (or at least severely maim) the broker industry in NYC. 0 value added at the cost of 10-15% of yearly rent.
If I’m not mistaken, didn’t NYC enact a law last year that bans landlords from charging tenants the broker fee?
I lived in a UDR apartment property for the past 3+ yrs. They first had 2 full-time sales persons on site. That went down to one, then to zero. Now they lease based on GOOD 3d drawings of apartments, virtual showings, and easy Docusign based lease agreements. You can check it out here: https://www.udr.com/washington-dc-apartments/arlington/cresc... No value seems to have been lost in going from humans to software. Ye…
The virtual version of the place might not represent the actual place. There's no easy way to check noise levels, lighting, ambiance, etc. And further, it's far easier to scam people with virtual showings. I had one yesterday where they sent a matterport tour link and claimed I couldn't see the place for real because they had a son and 3 friends die from COVID so "please understand, no in person showings". After looking into details it became clear it was a scam.
I lived in a UDR apartment property for the past 3+ yrs. They first had 2 full-time sales persons on site. That went down to one, then to zero. Now they lease based on GOOD 3d drawings of apartments, virtual showings, and easy Docusign based lease agreements. You can check it out here: https://www.udr.com/washington-dc-apartments/arlington/cresc... No value seems to have been lost in going from humans to software. Ye…
> Renters would pay us to take over the remainder of their lease obligation, we'd find a new qualified tenant and get the landlord's approval for a lease transfer or sublease. If we weren't able to find a new tenant, we'd pay the rent until the end of the lease. Also pretty nice that you do that, but one thing I would recommend is immediately not allow any landlords that require such evil practices and be banned from…
Would love something like this to kill (or at least severely maim) the broker industry in NYC. 0 value added at the cost of 10-15% of yearly rent.
Yeah it's pretty atrocious. They're so useless. It's such a feel-bad experience working with them, knowing they're not helping at all, and knowing you have to pay them thousands of dollars if you want the apartment - for nothing.
"Now, I'm you're broker so if there are any problems throughout the lease, feel free to contact me. This isn't just a one time thing!"
We literally emailed/called him two weeks later and he ghosted us.
When we were moving out of our apartment when our lease was up, he was around showing another unit, introduced himself, asked us how long we lived there, etc
> Renters would pay us to take over the remainder of their lease obligation, we'd find a new qualified tenant and get the landlord's approval for a lease transfer or sublease. If we weren't able to find a new tenant, we'd pay the rent until the end of the lease. Also pretty nice that you do that, but one thing I would recommend is immediately not allow any landlords that require such evil practices and be banned from…
What is the evil practice?
I lived in a UDR apartment property for the past 3+ yrs. They first had 2 full-time sales persons on site. That went down to one, then to zero. Now they lease based on GOOD 3d drawings of apartments, virtual showings, and easy Docusign based lease agreements. You can check it out here: https://www.udr.com/washington-dc-apartments/arlington/cresc... No value seems to have been lost in going from humans to software. Ye…
Now that was about 5 years ago, so the market might have changed.