Question by : How much money can a new realtor make from rentals?
How much money can a new realtor make from rentals?
im thinking about becoming a realtor in west palm beach, FL, i read before that the average realtor don’t make much from selling/buying properties, but what about rentals? can i make a living out of just rentals commissions? i will appreciate any help.
Answer by zeuz
Two ways to make money in rentals:
Leasing agents – they find the renters, screen the renters, and handle all of the initial application and legalities. Appropriate fee = 1 month’s rent.
Property managers – they handle all aspects of managing properties on an ongoing basis (i.e., they deal with collecting rents, paying mortgages, moving people in, checking people out, etc.). Appropriate fee = 8% of rents collected each month.
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