Benefits of renting a home with NO Brokerage
Benefits of renting a home with NO Brokerage
Renting a property is not as simple as one might think. A Rent Management company helps
tenants with identifying the best property that suits their budget in addition to taking of
the property during their tenancy. Renting a property
with brokerage has an advantage that it saves tenants time. If you are new in town and
searching for a rental property, then you might find hiring a broker more comfortable than
anything. So, the broker knows the city and renting
properties available in the town. But there are some side effects of renting a property
through a broker. So let's discuss some benefits if you rent a property from a rent
management company and do not have to pay any brokerage
fees.
Cost Saving
The broker always works for a commission. They charge a percentage of the property
rent as their commission. Like if a landlord has agreed to pay a commission of 1% to
2%, then broker would possibly demand more rent from
the tenants to earn more commission. In short, he'll negotiate with you for a higher
rent to earn more commission.
Unlike many other property and rent management companies in Bangalore, SANGAU, does
not charge brokerage. They rent owner properties which is already being managed and
maintained and works towards generating income from
property. So it is in the company interest to ensure they find good tenants as
quickly as possible.
Renting a property without having to pay brokerage helps the tenant save money that
can be used for other purposes like pay for move-in charges or utility bills.
No rush to make a deal
If you're renting a house through a broker, it will save you time. But there is a negative
side of the time factor. Brokers are paid once the deal is signed and it motivates them to
make a deal as soon as possible. So, they are
in a rush and try to push both parties to sign the agreement.
A property broker role is limited to connecting a prospective tenant to an owner. Once a rent
agreement is signed the broker has no role to play and the tenant and owner has to deal with
each other. As there is no accountability
for the broker after the rent agreement has been signed there is a good chance that all
information pertaining to the property or owner has not been shared with the tenant. Like, a
tenant may not be made aware of issues in
the property, i.e. water, gas, sewerage issues. They try hard to make a deal so they can
earn a commission. This can result in misunderstanding and an unhappy stay for the tenant
thus leading to the tenant vacating the property
for a better one even before the termination of a rent agreement.
There would be a benefit of renting a house without brokerage from a rent management company
like SANGAU. You can investigate all matters and they cannot lie as the tenant has to deal
with the company in future too. Only after
complete satisfaction does the tenant need to make a deal and sign the lease agreement. A
large portfolio of houses for rent in Bangalore are available with SANGAU, a Property & Rent
Management company, and tenants can choose
properties that meet their rental needs.
No conflict of interest
A broker works for the commission and as the rent payment increase so does their commission.
This raises a conflict of interest as the broker doesn't work towards the individual
attention of the prospective tenant.
Tenants wish to rent a property at a lower cost while the broker wishes to sign the lease
agreement at a higher rent. If the broker wanted to work for the benefit of the tenants,
then he would possibly have to make a deal at a
lower rent.
Conclusion
In the end all of the benefits commonly lead to cost-saving for a tenant and a comfortable
stay during tenancy. SANGAU does not charge tenant for property viewing or brokerage when
finalizing a property. Additionally they provide
free documentation and maintenance support all thru the tenancy period. They have a large
portfolio of apartments and villas in Bangalore. A tenant can rent property that suits their
needs at zero cost.