Reply: Has anyone tried to do away with commissions?

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What is the usual Pay and commission rate these days? I have been retired for many years
and curious as to what a Leasing Agent makes now. Back in my days the pay was low but the commissions made up the difference to make the total package worth it.
Posted 5 years 4 months ago
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Alissa Richey
The company I work for splits commissions for new leases and renewals among the whole team-including maintenance. I love that they do it this way! If a leasing agent shows an apartment and doesn't do anything else, it's not fair to the rest of the team. What about follow-up? What about scheduling their move-in appointment? What about ensuring the apartment is ready? What about the lease and other paperwork? Putting the file together after the new resident has moved in? If one person just shows the apartment and everyone else does all the rest, how is that fair? Everyone plays a part in a new lease, from the showing to giving the new resident their keys. To make it fair for the leasing superstars out there, perhaps add an additional commission ($10, $15, $25....) On units specifically that have been sitting for a while, the most shows that resulted in leases, etc. I think that could work amazingly well for large teams with several leasing agents. But for someone to get a whole commission just for showing an apartment when everyone has a hand in a move-in is old school and policies need to be updated to promote a team environment. Just my two cents...
Posted 5 years 11 months ago
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Cindy Morrison
I have worked at properties where commissions are and at NOT paid and there is still drama when there is no extra $$ involved! lol The last place I worked, the one who gives the tour get the commission.
Posted 5 years 11 months ago
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Michael Mendias
Hi Mike, We here at Precision Appliance Leasing have a referral program that has paid out very handsomely to Apartment Management or individuals depending on your company policies. We could talk and get your agents on a referral program with us and we would be happy to add value to you property, comfort for your residence and money in your leasing agents or property’s pockets.
Posted 5 years 11 months ago
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Chelsea Archibeque
The first to show should get the commission. It makes the leasing agent make sure that they make the connection over the phone with someone to "ask for me" when they come in to tour. If they are not memorable enough to the prospect to say the name when they come in, anyone can show them and get the commission. The show is what makes the sell most of the time. If they don't lease within 6 months of the tour, and come back to show again without asking for that same leasing agent, it's free game. #Billingsleyco. Rules worked best and was fair in my opinion when I was a leasing agent. Their name is written at the top of the app, and they are to complete the work of the application.
Posted 5 years 11 months ago
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Anonymous
I feel your pain. And the ones that lease the most, are typically the most money driven, are the first to complain, first to make promises they can’t keep and the least likely to complete their “paperwork” application. That’s why I always like to base it on a team bonus paid on occupancy. Every one including maintenance is motivated. If you need to move an individual apartment pay a “stiff” bonus.
Posted 5 years 11 months ago