Utilizing Rentals To Thrive In A Cooling Real Estate Market In 2023

Just as prospective home buyers need to pre-qualify when purchasing a house, agents can guide renters as to what’s required and whether their financial situation and income-to-rent ratio are in range to be approved for the property they are applying for. Agents can also play a pivotal role in helping renters maximize their likelihood of securing a lease whether it is through tips regarding credit scores or the timing in taking out a loan or opening a new credit card account to be sure those decisions don’t negatively impact the application for a rental property. When the entire number of rentals, average rents and commissions are taken into account, the yearly rental commission potential in the U.S. for agents is in the billions.

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