TOPIC: How is your property/company paying leasing commissions in this high demand market?

How is your property/company paying leasing commissions in this high demand market? 4 weeks 14 hours ago #51423

How is your property/company paying leasing commissions in this high demand market? I’ll post 10 units at 8:00 am and have 30 applications by 8:10 am! I have 5 leasing agents. Are you rotating? Team commissions? Our commissions are very generous so agents are logging on hourly to claim “house” applications. Would love to see how others are dealing with this great problem

How is your property/company paying leasing commissions in this high demand market? 4 weeks 13 hours ago #51424

Why do you have 5 leasing agents if the market demands only order takers? Cut staff to 2 as they are not leasing in the traditional since, merely processing paperwork.
  • John Ridgway
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How is your property/company paying leasing commissions in this high demand market? 4 weeks 13 hours ago #51425

1,000 units. The maintenance does majority of work after “order taken”! But we do get a lot of orders. Thinking double lines like Chick-fil-a
  • Michelle Ellsworth
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How is your property/company paying leasing commissions in this high demand market? 4 weeks 13 hours ago #51426

I meant order taker in the sense that demand is so high that leasing agents are merely taking orders for available units and not “selling” the product. If you raised rents then demand would slow and the sales team would have to sell. Better results for owner
  • John Ridgway
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How is your property/company paying leasing commissions in this high demand market? 4 weeks 13 hours ago #51427

Raise your rents a LOT
  • Carol Ann Cordell
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How is your property/company paying leasing commissions in this high demand market? 4 weeks 13 hours ago #51428

Agreed! We have. Florida has so little inventory. People are paying… we’re at the top of the market- great time to be an investor!
  • Michelle Ellsworth
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How is your property/company paying leasing commissions in this high demand market? 4 weeks 13 hours ago #51429

Split commission. Everyone works together.
  • Kathleen Jones
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How is your property/company paying leasing commissions in this high demand market? 4 weeks 13 hours ago #51430

We have always done joint commission!
  • Kati Yahner
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How is your property/company paying leasing commissions in this high demand market? 4 weeks 13 hours ago #51431

House commissions get split! Team works together to get them moved in
  • Shanna Magnus
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How is your property/company paying leasing commissions in this high demand market? 4 weeks 13 hours ago #51432

I always have “house” commissions go in rotation as a “free” lease. So if you have 5 agents, rotate one by one every time a free lease comes in so everyone gets a free one and nobody is upset.
  • Christopher Sotello
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